Super Rich are Mad As Hell. Thinks the tax is equivalent to Hitler invading Poland in 1939
83 replies, posted
[quote]Tom Perkins says the rich are "threatened."
The tech venture capitalist initially compared the assault on the wealthy to a wave of Nazi attacks on Jews ahead of the Holocaust, in a letter this past weekend. He has since allowed that the comparison went too far, but he doesn't apologize for the overall message and his warning about anti-rich "radicalism."
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First came Steve Schwarzman of the Blackstone Group in 2010. There had been a proposal to raise the tax rate on some big investors, and Schwarzman compared the idea to "Hitler invading Poland in 1939."
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1) Income for the rich is way up.
Income for the top 1% grew an estimated 31.4% from 2009 to 2012. The bottom 99% saw a gain of 0.4%.
2) The stock market is way up
The Dow has roughly doubled since January 2009. The middle class benefit somewhat from the gains, but it's the rich that benefit the most.
3) Tax rates on the rich are not way up
Households with income above $250,000 will pay a 0.9% surtax for Medicare and some of their deductions have been reduced.
Households making above $400,000 ($450,000 if married) now pay a top income tax rate of 39.6%, up from 35% under Bush, but the same as during the Clinton years.
Those same high earners have to pay 20% on dividends and capital gains, up from 15%. And the exemption on the federal estate tax stands at a generous $5 million per person.
[...]
The "Buffett Rule"
That would have ensured that millionaires paid a minimum of 30% of their taxable income to the federal government. Fact is, even with the increase in the top tax rate, most wealthy people pay an "effective rate" of far less.
One of the things the Super Rich complain about is the harsh language directed toward them. But while Obama referred to "fat cat" bankers on 60 minutes back in 2009, in general, "he dares not offend," as David Remnick wrote in the New Yorker last week.
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[url]http://money.cnn.com/2014/01/28/news/economy/super-rich-attack/index.html?hpt=hp_t1[/url]
Glorious! We're pissing them off!
I took a shit and water splashed on my balls, this is equivalent to Hitler invading Poland!
[quote]The rich are under attack, says Perkins in a Bloomberg interview, by "higher taxes, higher regulation and so forth." He added: "We are beginning to engage in class warfare."[/quote]
Fun facts, you nitwit:
Rich people are still people, and still citizens of the state. You're no more different in the composition of your flesh and bones than anybody else. While you are a citizen of the state, you will follow its rules and pay your taxes. Poor people and middle class people are just as much people as you are. Your status in society means that you have to try and alleviate the lot of those who are less fortunate.
It won't kill you to have one less luxury villa, two less luxury cars, and six less Rolexes.
[quote]The tech venture capitalist initially compared the assault on the wealthy to a wave of Nazi attacks on Jews ahead of the Holocaust[/quote]
This is embarrassing to say considering that holocaust memorial day was yesterday.
I'm pretty sure anyone can relate to "get the fuck out of my wallet".
Well, there's 85 of you, and 3 billion of us. Tough shit, assholes.
[QUOTE=Used Car Salesman;43702854]Well, there's 85 of you, and 3 billion of us. Tough shit, assholes.[/QUOTE]
"We outnumber you so we're taking your money" ????
[QUOTE=Agoat;43702893]"We outnumber you so we're taking your money" ????[/QUOTE]
well if you would have a vote about the tax..
[QUOTE=JoonazL;43702933]well if you would have a vote about the tax..[/QUOTE]
It's fun watching the internet go on about social justice then hope that terrible things happen to people with more than them.
[QUOTE=Agoat;43703040]It's fun watching the internet go on about social justice then hope that terrible things happen to people with more than them.[/QUOTE]
I respectfully disagree: not all the internet hopes that terrible things will happen to rich people. Most of them can be real assholes, true, but hoping that bad things (TM) should happen to them just for that is on a long shot.
Remember the 6 million...
dollars.
"Super Rich are mad"
1 asshole complaining
[QUOTE=Agoat;43702893]"We outnumber you so we're taking your money" ????[/QUOTE]
the people who control most of the worlds wealth can squeeze on a double decker bus wile possibly a billion people go hungry. Greedy assholes can give up a bit of their money and still afford their own private island with a yacht. Oh boo hoo poor rich people.
snip
[QUOTE=Zonesylvania;43703173][IMG]http://www.chshtweetup.com/files/pages/butthurt.jpg[/IMG][/QUOTE]
So you don't like it when other people rate you dumb and just carry on their way but you have no problem with simply doing the same?
Why don't you actually try explaining why his opinion or viewpoint is wrong. Because at its core level I don't really see why anyone deserves to be poor or rich
[QUOTE=Zonesylvania;43703101]I respectfully disagree: not all the internet hopes that terrible things will happen to rich people. Most of them can be real assholes, true, but hoping that bad things (TM) should happen to them just for that is on a long shot.[/QUOTE]
It was a hyperbole. I'm aware not [i]everyone[/i] fits my post, but you see a lot of it.
[QUOTE=Mudbone;43703135]the people who control most of the worlds wealth can squeeze on a double decker bus wile possibly a billion people go hungry. Greedy assholes can give up a bit of their money and still afford their own private island with a yacht. Oh boo hoo poor rich people.[/QUOTE]
Those rich people make massive donations to help those in need. The vocal few making poorly-worded statements may not, but you don't want to dismiss a group of people doing great things just because of a few of them, do you?
[QUOTE=Zonesylvania;43702737]Fun facts, you nitwit:
Rich people are still people, and still citizens of the state. You're no more different in the composition of your flesh and bones than anybody else. While you are a citizen of the state, you will follow its rules and pay your taxes. Poor people and middle class people are just as much people as you are. Your status in society means that you have to try and alleviate the lot of those who are less fortunate.
It won't kill you to have one less luxury villa, two less luxury cars, and six less Rolexes.[/QUOTE]
Altruism and philanthropy are groovy, but I don't believe they should be enforced by law.
I don't know what single action/plan/tax would help the rich [I]and[/I] the poor without seeming like an official Robin Hood policy. The solution is probably more complex than a simple tax rate.
[QUOTE=Zonesylvania;43702737]Fun facts, you nitwit:
Rich people are still people, and still citizens of the state. You're no more different in the composition of your flesh and bones than anybody else. While you are a citizen of the state, you will follow its rules and pay your taxes. Poor people and middle class people are just as much people as you are. Your status in society means that you have to try and alleviate the lot of those who are less fortunate.
It won't kill you to have one less luxury villa, two less luxury cars, and six less Rolexes.[/QUOTE]
If the taxes are so bad that they actually have to compromise on millions of dollars worth of things...then that definitely sucks, especially since they DID earn that money. Just saying it sucks, but it is a necessity.
[QUOTE=Zonesylvania;43703173][IMG]http://www.chshtweetup.com/files/pages/butthurt.jpg[/IMG][/QUOTE]
Zonesylvania, are you one of those wealthy capitalist pigdogs?
[QUOTE=be;43703238]If the taxes are so bad that they actually have to compromise on millions of dollars worth of things...then that definitely sucks, especially since they DID earn that money. Just saying it sucks, but it is a necessity.[/QUOTE]
It sucks just as bad as my family having to go to food banks. We should be working together as people and as a society to make us all equal and whole. Gaps of this sort need closing, not widening. Distributing wealth more fairly and equally along with giving breaks to those whom deserve them is an important part of that. (Along with other things such as fixing social/economical reasons why people stay or get into poverty. Its a lot more complex than simply taxes)
I don't want to deprive people their livestyles, but I'm not going to feel bad when your millions of dollars in tax is used to feed a thousand starving families and children.
[QUOTE=Agoat;43703040]It's fun watching the internet go on about social justice then hope that terrible things happen to people with more than them.[/QUOTE]
I can't speak for anybody else, but I don't hold malevolence towards rich people. I just strongly feel that it is wrong for so few to have so much when so many have nothing. I would not advocate bleeding them dry of their fortunes by any means, but I would have no qualms about the outrageously obscenely rich having to drop an adjective if it meant that the outrageously obscenely poor could as well.
Taxing the rich doesn't mean we're making them not rich. It just means we're making them [I]less[/I] rich. Even with taxes taken to the extreme, however, they're so many orders of magnitude more well off than the Average Joe that they'll never in their lives (or for several generations after their lives) be able to honestly say, "I just don't have enough money."
[QUOTE=Big Dumb American;43703310]I can't speak for anybody else, but I don't hold malevolence towards rich people. I just strongly feel that it is wrong for so few to have so much when so many have nothing. I would not advocate bleeding them dry of their fortunes by any means, but I would have no qualms about the outrageously obscenely rich having to drop an adjective if it meant that the outrageously obscenely poor could as well.
Taxing the rich doesn't mean we're making them not rich. It just means we're making them [I]less[/I] rich. Even with taxes taken to the extreme, however, they're so many orders of magnitude more well off than the Average Joe that they'll never in their lives be able to honestly say, "I just don't have enough money."[/QUOTE]
I respect this man, he understands.
The arguments presented about these always make me laugh. These situations always seem to test two different ideas that are held dear by most: the idea of ultimate freedom, and social obligation/utility.
In the spirit of ultimate freedom to do as one wills, the rich should be taxed at the same percentage as everyone else, it seems fair intuitively (though as a friend of mine pointed out, it makes absolutely no sense economically.) However, in the spirit of maintaining a society that as such supports ultimate freedom, there is the necessity to support those who otherwise couldn't do it themselves, in which that obligation falls upon the most well off to supply for the needs of the lowest.
A bit of a catch-22 in that one way the richer groups should be taxed similarly to everyone else in the spirit of fairness but in the idea of maintaining the society that enables such groups to exist, they should be taxed higher than the rest. In my opinion, a "radical" progressive tax, such as that seen in France holds a lot of promise to bring balance to an economic system.
[QUOTE=Psychokitten;43703250]Zonesylvania, are you one of those wealthy capitalist pigdogs?[/QUOTE]
eh, the image was more strictly directed at the generalization that all rich people thought of those less fortunate as being beneath their notice. There's no real need to dismiss all rich people as being 'lol why should we even care or help.'
We ourselves take pride in helping out the poor and less fortunate - I even try to foot the hospital bills and negotiate concessions for people who can't afford emergency treatment if possible.
edit: I felt a bit like an asshole for over-reacting and snipped my post.
Generally the anti-rich sentiment has a bit of justification when it comes to those who gained their bajillions by suppressing labor, crushing unions, and upending the entire economy in their favor. When you have assholes like in the OP, it really makes me want to carve them up and serve them across the table.
I understand how people could take it personally, though. It's hard [I]not[/I] to be spiteful when the average American struggles just to afford proper healthcare and education (basic services that are the cornerstone of [I]any[/I] properly functioning society) while the super rich, people who have bank accounts deeper than many countries, are complaining about the poor trying to "bleed them" for an extra few percent of their income.
[QUOTE=Big Dumb American;43703310]I can't speak for anybody else, but I don't hold malevolence towards rich people. I just strongly feel that it is wrong for so few to have so much when so many have nothing. I would not advocate bleeding them dry of their fortunes by any means, but I would have no qualms about the outrageously obscenely rich having to drop an adjective if it meant that the outrageously obscenely poor could as well.
Taxing the rich doesn't mean we're making them not rich. It just means we're making them [I]less[/I] rich. Even with taxes taken to the extreme, however, they're so many orders of magnitude more well off than the Average Joe that they'll never in their lives be able to honestly say, "I just don't have enough money."[/QUOTE]
I was speaking more towards some of the other posts in this thread. I do appreciate your point of view, though I could never advocate digging into somebody's finances more than we already do. I do think some sort of incentive to helping the less fortunate would be great, but I have no idea how such a program would work. I know a lot of things are tax deductible, but there's still a lot more people to help. I used to work at a place that got taxed to the point where they couldn't turn a profit, and ever since they had to shut down I've been against increases taxes.
[QUOTE=Agoat;43703497]I was speaking more towards some of the other posts in this thread. I do appreciate your point of view, though I could never advocate digging into somebody's finances more than we already do. I do think some sort of incentive to helping the less fortunate would be great, but I have no idea how such a program would work. I know a lot of things are tax deductible, but there's still a lot more people to help. I used to work at a place that got taxed to the point where they couldn't turn a profit, and ever since they had to shut down I've been against increases taxes.[/QUOTE]
So what it boils down to is that you worked at one unsuccessful business and therefore are against increasing taxes.
[QUOTE=sloppy_joes;43703542]So what it boils down to is that you worked at one unsuccessful business and therefore are against increasing taxes.[/QUOTE]
Legoland is struggling with it too, but that's what started it, yes.
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