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  1. #1
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    Default Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Long but interesting read. But some are just not going to get it no matter what.

    September 23, 2013 |

    It’s one of the central issues of our time. It spawned both the Tea Party and the Occupy movements. It has the potential to deeply sabotage our economy. And, argues former U.S. secretary of labor Robert Reich, the problem is much worse than we think.
    Reich, who stands a little less than five foot nothing but was named one of the 10 best United States cabinet ministers of the 20th century by Time magazine, says income inequality isn’t just a threat to the economic future of North American society.

    “Losers in rigged games can become very angry,” he says in the documentary Inequality for All, which will be released in the U.S. on Sept. 27. “We’re seeing an entire society that is starting to pull apart.”
    Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich | Alternet

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    On the "other" side of the spectrum, you have the wealthy elitists that feel they already give enough and should be rewarded with NO taxes and a Congressional Medals !

    It is “the community” that should give back to the wealth-creators. It turns out that the 99% get far more benefit from the 1% than vice-versa.
    For their enormous contributions to our standard of living, the high-earners should be thanked and publicly honored. We are in their debt.

    Here’s a modest proposal. Anyone who earns a million dollars or more should be exempt from all income taxes. Yes, it’s too little. And the real issue is not financial, but moral. So to augment the tax-exemption, in an annual public ceremony, the year’s top earner should be awarded the Congressional Medal of Honor.
    Yes, you read that correctly. Mr. Binswanger thinks he should be thanked, not pay taxes and get a medal.




    Then there are a few that understand wealth should not provide unequal taxation to all.

    While the poor and middle class fight for us in Afghanistan, and while most Americans struggle to make ends meet, we mega-rich continue to get our extraordinary tax breaks.
    People invest to make money, and potential taxes have never scared them off. And to those who argue that higher rates hurt job creation, I would note that a net of nearly 40 million jobs were added between 1980 and 2000. You know what’s happened since then: lower tax rates and far lower job creation.
    In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
    Imagine that ... the tax rate went down ... they made more ... and there are less jobs.
    Yet they want more.

    My friends and I have been coddled long enough by a billionaire-friendly Congress. It’s time for our government to get serious about shared sacrifice.
    What a shame that will never happen.


    Give Back? Yes, It's Time For The 99% To Give Back To The 1% - Forbes

    http://www.nytimes.com/2011/08/15/op...rich.html?_r=0

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    So how is it going so far as taxing the rich. Will it have an effect on the tremendous debt of $14T? or improve the economy? I don't think so!! Will it help if I shout?
    I think it got worse

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Yes, you read that correctly. Mr. Binswanger thinks he should be thanked, not pay taxes and get a medal.
    from fxstc


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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Quote Originally Posted by bean View Post
    So how is it going so far as taxing the rich. Will it have an effect on the tremendous debt of $14T? or improve the economy? I don't think so!! Will it help if I shout?
    I think it got worse
    I know sometimes you have a comprehension problem.
    Take it slowly and read each word.

    In 1992, the top 400 had aggregate taxable income of $16.9 billion and paid federal taxes of 29.2 percent on that sum. In 2008, the aggregate income of the highest 400 had soared to $90.9 billion — a staggering $227.4 million on average — but the rate paid had fallen to 21.5 percent.
    Do you understand it yet ?

    Income for the highest soared ... yet the effective tax rate they paid decreased.

    Understand ... ???
    The rich got richer, while paying less in taxes.
    Last edited by fxstc07; 09-25-2013 at 07:17 PM.

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Quote Originally Posted by fxstc07 View Post
    I know sometimes you have a comprehension problem.
    Take it slowly and read each word.



    Do you understand it yet ?

    Income for the highest soared ... yet the effective tax rate they paid decreased.

    Understand ... ???
    The rich got richer, while paying less in taxes.
    Lol, how did I miss this? The bean was once again crushed by facts not right wing fiction? Say it isn't so?
    Last edited by 222lifer; 10-13-2013 at 12:58 AM.

  7. #7
    Scab Hating Union Thug

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Quote Originally Posted by fxstc07 View Post
    I know sometimes you have a comprehension problem.
    Take it slowly and read each word.



    Do you understand it yet ?

    Income for the highest soared ... yet the effective tax rate they paid decreased.

    Understand ... ???
    The rich got richer, while paying less in taxes.
    The brain dead just can't figure out why we are broke?

  8. #8
    On A Mission

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    Quote Originally Posted by bean View Post
    So how is it going so far as taxing the rich. Will it have an effect on the tremendous debt of $14T? or improve the economy? I don't think so!! Will it help if I shout?
    I think it got worse
    Why is that bean?

    How much butt kissing do they need, bean, to give a damn about the country which kept them and their millions or billions safe, and allowed them the freedom to profit at our expense?
    The freedom of speech which is expensive lobby groups constantlly tilting the rules in their favor.

    THey wreck more than they help with the "unlimited" power of the purse they posses.

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    Default Re: Robert Reich: We Can Save the Economy If We Get Serious About Taxing the Rich

    bean won't, nor can he understand.
    He is too filled with hatred and delusion.
    Add the fact that after he is proven wrong, he runs and hides for months before re-appearing to bash away with his silly clip art cartoons and derogatory comments.

 

 

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