Welfare for Millionaires

LadyJazzer wrote:

Facts...
According to the National Taxpayers union....
The top 1% pay 36.73% of all income taxes collected.
The top 5% pay 58.66% of all income taxes collected.

And, as of 2001:
The top 1% own 39.7 percent of the financial wealth
The bottom 95% own 32.5 percent....combined.

As of 2004:
The top 1% own 42.4 percent of the financial wealth
The bottom 95% own 31 percent....combined.

As of 2007:
The top 1% own 48.4 percent of the financial wealth
The bottom 95% own 20 percent....combined.

Gee, I'm starting to see a trend here.... Hmmmmm... from 2001 to 2007....

http://www.politifact.com/truth-o-meter ... ial-wealt/

But if you look at the history of the US, wealth distribution has always been unequal. Think slaves were in the 99% compared to plantation owners? How about industrial revolution factory workers? How much wealth did they have?

Immigrant farm workers in FDR's Great Depression had minimal wealth. But the great thing about America is that wealth does move around. If you were born wealthy, you are more likely to stay that way, but even the born super poor have great success stories. Think Oprah was born with a sliver spoon in her mouth? Warren Buffet? Steve Jobs?

Obviously, it wouldn't make any difference to explain it to you...

If the top 1% owns 48.4% of the wealth, somehow, I think they can afford another 3.9% on their tax burden--ABOVE $320,000... Class warfare has been going on for 30 years...against the middle and lower classes. The 1% have won...Hence, OWS....

This isn't about "wealth redistribution"...as much as you would like it to be so.... This is about the 1% SCREWING the 99%; globalizing the risk, and privatizing the profit.

They've won because both they and the general government have joined forces to win the battle. The general government enacts rules and regulations which drive out would be competition and in return those that benefit from that despotic and corrupt exercise of government authority help the despots keep their elected posts.

You think it is a coincidence that as payroll tax rates have increased the percentage of companies contributing to pension funds has decreased? That the profits realized by large energy companies have continued to rise along with the list of expensive and burdensome general government regulations? You think it is an accident that our current governor was able to save himself a bundle by participating in a state land program that gives tax breaks to owners of large tracts of land? Think that the bottom three or four income quintiles are able to afford vast stretches of land that they can then get tax breaks on by promising not to develop them (except, of course, for a multiple acre personal residence carved out of the most desirable tract of land)? Power begets corruption - always has, always will. The more power one consolidates into a single entity the more corrupt that entity will be - especially when that entity is government. Show me one, just one, powerful central government that wasn't corrupt to its very core, corruption which eventually resulted in the demise and fall of the government in question. Just one will do.

Businesses aren't going out of business because of over-taxation, or over-regulation... They're going out of business because they don't have any customers left with stable jobs and disposable income to spend. That one is getting tiresome. So, go ahead and try to pedal your "sovereign citizen" b.s. It doesn't work anymore... We've got your playbook.

LadyJazzer wrote: Businesses aren't going out of business because of over-taxation, or over-regulation... They're going out of business because they don't have any customers left with stable jobs and disposable income to spend. That one is getting tiresome. So, go ahead and try to pedal your "sovereign citizen" b.s. It doesn't work anymore... We've got your playbook.

And we got your playbook... "Manifest der Kommunistischen Partei"... and they already lost that game... numerous times. Game over.