Campaigning on Class warfare

[jzk]

Enough with the class warfare. When Obama blames the greedy millionaires for everything, do you really buy it? Is the answer really to increase taxes on millionaires? Wouldn't it be better to reduce the barriers to success such that more people make themselves into millionaires?

I do not make anywhere near a million dollars per year, yet I am not suckered by this. I could just say, hey I am willing to go along with the welfare state ride as anyone. Let other people pay. But I know that "ride" is a ride to nowhere.

Romney paid $3 million in taxes last year, way more than most. How about a "high-five" for him instead of the resentment you feel?

When you were in high school, do you remember that guy that always had his homework done while you were partying and scoring chicks all the time? Are you surprised that that guy is a millionaire and you aren't? Now you think the answer is taking more away from him so that government can solve your problems?

So you don't have training to get a good job? And you think if only the government would just train you? Why don't you take it upon yourself to learn a desired skill?

The social welfare state is a one way ticket to the financial problems Europe is now experiencing, and the US is not far behind.

The only answer is to phase out non-productive government spending (which is most of it) and stop inhibiting economic activity (Keystone anyone?).

Close the Department of Education. What do all those people do? Do they teach your kids anything? Department of Energy. Same thing.

So Obama's big answer is to increase capital gains tax. Talk about a case for doing the opposite! Raise taxes on capital formation, you get less capital formation. Lower taxes on capital formation, you get more capital formation. Can anyone really make a case against this?

Capital investment creates jobs. Let Romney "only" pay $3 million. His investments will create far more jobs than taking away his money ever will.

[PBzeer]

Why do you think they want to run against Romney? He's the perfect target. Instead of being pissed off at Gingrich for hitting Mitt on Bain, they should be thanking him for showing them what Romney faces in Nov, and how he'll respond to it ... badly.

Newt is far from being my favorite, or even in my top 5 of those who considered running, but he's still better than Mitt. Who I believe will only be Obama Lite.

[WouldaShoulda]

Scapegoating minorities for one's own failure, even the 1%, is ugly business.

[Brent Swain]

Romney's percentage of tax is less than his secretary's. The myth that many of us can become billionaires is just that, a myth.
The Tobin tax of 1% on all international currency exchanges would eliminate most national debts around the world yet billionaires strongly oppose a 1% tax.
The problem is we fail to identify such obsessive blind greed as the mental illness it is. So we have the mentally ill calling the shots and running the show for the rest of us. We have put the mental patients in charge of the asylum.
I hope Obama wins by a landslide, and shifts the tax burden back on the rich where it belongs. The first part of his state of the nation speech was brilliant, pure genius. He didn't have to read a single word off a paper. He knew what he had to say.
Things were running far better when a larger part of the tax burden was borne by the rich , before repugnant party govts began shifting it onto the poor.
The 99% has far more votes than the 1% , if they wake up in time.

[WouldaShoulda]

See??

[chrisncate]

The only class warfare has been on the middle class, by the rich.

There is no counter argument to the facts of the last 30 years - must I post the stats and graphs again regarding exactly where the wealth has been transfered to? The rich get richer, at the cost of everyone else.

End of story.

[PBzeer]

Since you have the facts and figures chris, exactly how much have the rich taken away from your earnings?

[jackal41]

IMHO it just shows we need to change tax laws.My idea (not really m.ine) is to have flat income tax of 2 levels 15 % and 25% and no deductions or loop holes period and have it start after anyone earns $25,000 period.

[chrisncate]

Originally Posted by PBzeer

Since you have the facts and figures chris, exactly how much have the rich taken away from your earnings?

None, I'm a privileged honkey whitey simply by luck of birth - same as you and just about everyone else here on our little yachty forum.

But... I am not a blind privileged honkey whitey, and I certainly see and understand how investment "income" (one small example) and actual working mans wages diverge (in favor of said whitey of course).. there is so much more than this, but to simplify it in a nutshell...

The wealthy have increased their wealth over the last 30 years to the tune of hundreds of percent in increases, while the worker bee's wages have stagnated and often lowered - while at the same time being more productive than ever for less benefits, workers rights and job security.

Classic wealth transfer upwards (where it always goes), any way you slice it.

[jackdale]

jzk - you are absolutley correct with your heading. The rest is BS.

The only class warfare being engaged in by the Republican primary.

Republicans roared onto the post-State-of-the-Union morning shows accusing President Obama of waging class warfare. Actually the class warrior in the field yesterday was in Florida, campaigning for the Republican nomination for president.

In Miami, having perused Mitt Romney’s tax returns, Newt Gingrich accused his rival of “making $20 million for no work.” Think about that line – he is ridiculing Mr. Romney for making a huge amount of money solely from investments and interest. Lots of rich people do that. Lots of retired people do it, too. There’s nothing wrong with it, unless you are actually a Marxist and believe that only toil counts as work and that capital is inherently evil.

Mr. Gingrich loves to call President Obama a socialist, and yet you can pore through every word of last night’s speech – or anything else the president has said – and find nothing as radical as Mr. Gingrich’s line today. He did not criticize Mr. Romney or any other rich person for living off interest. He did not criticize the rich simply because they are rich.

“We don’t begrudge financial success in this country,” the president said. “We admire it.” (Unlike, apparently, Mr. Gingrich.)

Mr. Obama is asking only one thing of the rich: that they pay higher taxes. He is not asking them to stop making money, or to get off their yachts and water the soil with their sweat. Republicans say that amounts to envy and hatred of capitalism and class warfare – all the usual diversionary tactics. If they are really worried about that, they should focus on their current front-runner in Florida.

Newt Gingrich Tries Class Warfare - NYTimes.com