And welcome to another episode of Name the Loophole that you want to close. Oooh, I’m sorry, but we’re running out of time, but here are some lovely parting gifts…
Does “earned” also mean closing US factories and buying from China? Or microsecond financial transactions on Wall Street? Or loopholes that reclassify short-term capital gains as long-term capital gains so they are taxed at 15%? Yes, those hard-working “job creators” shouldn’t bear the burden of helping to balance the budget. How could they afford car elevators if they paid more than 15%?
..earned by not paying their workers a healthy American wage and giving themselves 300% bonuses while they declare bankruptcy and then blaming it on worker’s benefits
The wealthy and super wealthy in this country are steadily losing their own safety net. That net is a healthy middle class. If any of these people have ever studied what true class warfare is like they would be shaking in their very expensive boots with a loss of a viable middle class buffer between them and the working poor and even the very poor, who outnumber them 10 to 1 ( or probably more like 25 to 1).
Those that have both a true sense of how vulnerable they can be have studied history and know that a similar situation occurred in 17th century France. Then the super wealthy aristocrats sat on top of the world. What they did not see was millions of super poor French peons literally dying in the streets. Eventually such a wealth disparity lead to the French Revolution. This lead to the over throw of the King of France, and then those very peons had a great friend in Mr. Guillotine!
Now, it is a relatively healthy, happy, and even wealthy middle class that is the main reason why this kind of destructive class warfare does not happen in countries with such a middle class (and I am not for such warfare as there are indeed always those wealthy that truly do care for those less fortunate as themselves, and they also get caught up in the terror of such revolutions).
And the steady loss of such middle class has been going on since the middle 1970’s, and is not therefore just a property of either President Obama not even his opponents in the Congress. Luckily a few of our most wealthy do seem to understand this and are even willing to pay a premium in higher taxes to help avert such a situation. This stems not only form a greater sense of compassion for those less well off, but also from a sense of self preservation. Let us all hope that such level headedness prevails!!
braindead Premium Member over 11 years ago
And welcome to another episode of Name the Loophole that you want to close. Oooh, I’m sorry, but we’re running out of time, but here are some lovely parting gifts…
Chillbilly over 11 years ago
Good one! This perfectly sums it up.
Marty Z over 11 years ago
Does “earned” also mean closing US factories and buying from China? Or microsecond financial transactions on Wall Street? Or loopholes that reclassify short-term capital gains as long-term capital gains so they are taxed at 15%? Yes, those hard-working “job creators” shouldn’t bear the burden of helping to balance the budget. How could they afford car elevators if they paid more than 15%?
I Play One On TV over 11 years ago
And when the inevitable happens, the elephant will quote the future John “Bluto” Blutarski from Animal House: “You f***ed up. You trusted us.”
3hourtour Premium Member over 11 years ago
..earned by not paying their workers a healthy American wage and giving themselves 300% bonuses while they declare bankruptcy and then blaming it on worker’s benefits
frodo1008 over 11 years ago
The wealthy and super wealthy in this country are steadily losing their own safety net. That net is a healthy middle class. If any of these people have ever studied what true class warfare is like they would be shaking in their very expensive boots with a loss of a viable middle class buffer between them and the working poor and even the very poor, who outnumber them 10 to 1 ( or probably more like 25 to 1).
Those that have both a true sense of how vulnerable they can be have studied history and know that a similar situation occurred in 17th century France. Then the super wealthy aristocrats sat on top of the world. What they did not see was millions of super poor French peons literally dying in the streets. Eventually such a wealth disparity lead to the French Revolution. This lead to the over throw of the King of France, and then those very peons had a great friend in Mr. Guillotine!
Now, it is a relatively healthy, happy, and even wealthy middle class that is the main reason why this kind of destructive class warfare does not happen in countries with such a middle class (and I am not for such warfare as there are indeed always those wealthy that truly do care for those less fortunate as themselves, and they also get caught up in the terror of such revolutions).
And the steady loss of such middle class has been going on since the middle 1970’s, and is not therefore just a property of either President Obama not even his opponents in the Congress. Luckily a few of our most wealthy do seem to understand this and are even willing to pay a premium in higher taxes to help avert such a situation. This stems not only form a greater sense of compassion for those less well off, but also from a sense of self preservation. Let us all hope that such level headedness prevails!!