How the GOP Became the Party of the Rich

How the GOP Became the Party of the Rich
The inside story of how the Republicans abandoned the poor and the middle class to pursue their relentless agenda of tax cuts for the wealthiest one percent

http://www.rollingstone.com/politics/ne ... h-20111109

Long...But read and weep... This is how the oligarchy/plutocracy went down....

Where did they get this? 8 of the top states with the most millionaires are Democrat states. Alaska is the only Republican state. And Virginia goes both ways but voted for Obama last election. And of the top 9 states with the most Billionaires, 7 of them are Democrat states with Texas as the only Republican one and Florida goes both ways who also voted for Obama last election. The Dems are the party of the rich by far! The Democrats have benefited the most from the financial crisis. That is for sure!

http://finance.yahoo.com/real-estate/ar ... aires-cnbc

http://financialedge.investopedia.com/f ... z1dEoDX94W

Guess I should start a thread with the correct title? Or will you change yours?

The wealthiest zip code in the country is Washington DC. Looks like private enterprise isn't the way to succeed in this country, instead either work for the Feds or lobby the Feds.
And your source, Rolling Stone is about as moderate as Mother Jones.

Yeah, well Rolling Stone has as much credibility to me as WorldNutDaily and FauxNews has for you... :shrug:

rofllol :rofl rofllol sure LJ, what ya been drinking

LadyJazzer wrote: Yeah, well Rolling Stone has as much credibility to me as WorldNutDaily and FauxNews has for you... :shrug:

:rofl rofllol Gotta save this one!! :rofl rofllol

LadyJazzer wrote: Yeah, well Rolling Stone has as much credibility to me as WorldNutDaily and FauxNews has for you... :shrug:

That Rolling Stone article might as well of been a WND story. It's written in a biased political manner and doesn't give much in the way of sources.

It blames the Republicans for lowering the capital gains tax from 28% to 20%. The fact is that over 80% of the Democrats in both houses voted yes, and Clinton signed it. That was Clinton's tax cut.

It mentions a bus driver making $26,000 and claims he pays a 5% higher tax rate than a top 400 billionaire who pays 17%, but there is no source given and no details. If we are talking income tax, and assume the bus driver is single with no kids, he would pay 8% in income tax. I suppose the article is adding on Medicare and Social Security (it doesn't say) but if so, they are adding the full 15.3% and discounting the fact that the employer pays half of that.

And if the bus driver is married and has two kids, he'd actually get a $6075 refund. No billionaire can pull that off. And that would more than cover the $3968 in payroll taxes which he only has to pay 1/2 of.

This graph makes no sense to me either...



Once again, no source is given. If the blue goes up that much, the red part should go up a similar slope if we are talking about dollars paid. My guess is the red represents percentage paid, but who knows. It seems the author just wanted to throw out a graph.

That chart has been posted before as part of another article. It's from the GAO (General Accounting Office). Why they didn't attribute it, I don't know, but I've posted it -- WITH the attribution -- at least 3 times.