View Poll Results: Do The Rich Need Saving?

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  • Yes

    7 10.00%
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    59 84.29%
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    4 5.71%
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Thread: Do The Rich Need Saving?

  1. #91
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Oberon View Post
    And my Dad is the Pope and my Mom was Mother Teresa. Congratulations.



    They pay 40% while making over 58% of the total income, which of course means they aren't paying their share, going by your numbers. Since they also own over 80% of the wealth, they are also hiding income overseas, through corporate fronts and the loopholes for overseas earnings. One drug company in particular was holding over $48 billion in earnings in the Netherlands banks, which worked out to about $6 a share. Do you think you included that in the numbers, along with all the other earnings and unpaid dividends stashed overseas?

    $375K to $5 million is middle class, not 'wealthy', but these days the media and the Party hacks have the yokels convinced $50K is 'middle class', but that's another topic.
    58% of the total income

    that is completely a lie

    even most of the other rich bashers have said 22-24%



  2. #92
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by TurtleDude View Post
    58% of the total income

    that is completely a lie

    even most of the other rich bashers have said 22-24%
    you're right, I was wrong; it's 59.1% of total income, not 58%. The wealth holdings I stated are also wrong. They hold over 90% of the wealth. I was using older numbers, not the number updated for 2010. these numbers don't include the bib bucks held overseas in shelters, like the Big Pharm company I mentioned previously and it's $48 billion that won't be taxed at all, and it's jsut one of hundreds of companies.
    Last edited by Oberon; 07-20-11 at 10:22 PM.

  3. #93
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Oberon View Post
    you're right, I was wrong; it's 59.1% of total income, not 58%. The wealth holdings I stated are also wrong. They hold over 90% of the wealth. I was using older numbers, not the number updated for 2010. these numbers don't include the bib bucks held overseas in shelters, like the Big Pharm company I mentioned previously and it's $48 billion that won't be taxed at all, and it's jsut one of hundreds of companies.

    any proof of that I call that a total lie

    its more like 22 percent according to the IRS



  4. #94
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Kali View Post
    Many folks around here seem so very concerned about the rich folks, their money and the taxes they have to pay.

    So I ask the folks here do we really need to be worried about rich folks having to pay too much tax? Are you gonna sleep less at night worrying about tax burdens of the rich?

    For the rich folks here at DP? Sorry if I offend you.
    I could give a crap about the tax burden on the rich. What I do give a crap about is 1) How the tax hikes are going to affect small business owners, like myself and 2) What's going to happen to the rest of us, when the government comes for our hard earned money.

    It's scary how the, "tax the **** out of the rich", crowd is being very short sighted on this issue.

  5. #95
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by apdst View Post
    I could give a crap about the tax burden on the rich. What I do give a crap about is 1) How the tax hikes are going to affect small business owners, like myself and 2) What's going to happen to the rest of us, when the government comes for our hard earned money.

    It's scary how the, "tax the **** out of the rich", crowd is being very short sighted on this issue.
    or how they whine about billionaires while targeting people making 200K a year-which is hardly filthy rich



  6. #96
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Cephus View Post
    That goes straight back to my argument that truck drivers benefit more from the existence of an interstate highway system, therefore they ought to pay more gas taxes. It makes no sense to support one without the other. Besides, tons of people have access to and use the stock market. I do. There's a whole category of people called day traders who do. In fact, just about everyone out there who has a retirement account does. Do we tax them all at a higher rate? Or are you just trying to single out a particular group of people that you don't like to stick it to? If you want to charge a usage tax in the stock market for anyone and everyone who ever performs a transaction, say so. Limiting it to some group of people who may or may not use it, just because you're jealous of their wealth is ridiculous.
    Not really the same. We probably use the highway system as much as they do, so I'm not sure they benefit more. But there is something eating at my memory concerning truck drivers on this, so I may revisit it later.

    The wealthy benefit more, use more, get more, hands down, and I do keep linking examples of this for you.

    But with the Bush tax cuts, data show that from 2000 to 2007 the top 10 percent of the wealthy became richer (100 percent of the total income growth) and the bottom 90 percent of wage-earners actually had incomes decline. The top one percent gained over 90 percent of total growth.

    Study says tax cuts benefit the wealthy : News-Record.com : Greensboro & the Triad's most trusted source for local news and analysis

    (Reuters) - Billions of dollars in U.S. tax breaks to encourage home ownership, retirement savings, business start-ups and education mostly benefit top income earners and do little to help low- and middle-income people build wealth, a report released on Wednesday said.

    Wealthy benefit most from tax subsidies: study | Reuters

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  7. #97
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    Re: Do The Rich Need Saving?

    The working folks need saving and when we get rid of the Libbos in the government, we can get to work doing that.

  8. #98
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by apdst View Post
    The working folks need saving and when we get rid of the Libbos in the government, we can get to work doing that.
    Interesting concept. How will you go about it?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

  9. #99
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Boo Radley View Post
    Not really the same. We probably use the highway system as much as they do, so I'm not sure they benefit more. But there is something eating at my memory concerning truck drivers on this, so I may revisit it later.
    Considering that 100% of their income is derived from the highway system, I don't know how you can make that claim. Without the highway system, they'd be entirely out of business. Of course, this is the claim that was being made, that the ultra-rich were using things like the stock market to make their money, hence they should be charged more because they were benefiting more. So why not do the same with any group that benefits more from a particular bit of infrastructure?

    And since the stock market is a public entity, not owned or controlled directly by the government, nor funded by taxpayer money, it's largely irrelevant anyhow.
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  10. #100
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    Re: Do The Rich Need Saving?

    Quote Originally Posted by Cephus View Post
    Considering that 100% of their income is derived from the highway system, I don't know how you can make that claim. Without the highway system, they'd be entirely out of business. Of course, this is the claim that was being made, that the ultra-rich were using things like the stock market to make their money, hence they should be charged more because they were benefiting more. So why not do the same with any group that benefits more from a particular bit of infrastructure?

    And since the stock market is a public entity, not owned or controlled directly by the government, nor funded by taxpayer money, it's largely irrelevant anyhow.
    No, their trucks and cargo are a part of their income as well. But, that isn't what I said. I said we use the highway as much. The examples gave showed the rich USE these institutions more.

    And what did I say that had you throw in the stock market?

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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