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Mor bizarre radical left wing rhetoric from Obama

KLATTU

KLATTU

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http://www.nydailynews.com/news/politics/obama-richest-people-aren-evil-article-1.2219519
Appearing at Georgetown University with well-known thinkers across the political spectrum, Obama touched on topics ranging from income inequality to the portrayal of poverty in the media.

"Very rarely do you hear an interview of a waitress, which is much more typical, who is raising a couple of kids and is doing everything right but still can't pay the bills," said Obama, who reiterated his call to close certain tax loopholes, including the "carried interest loophole"
"If we can't ask for society's lottery winners for that modest contribution then really this conversation is all for show," Obama said, explaining that the revenue produced from closing such exceptions could be used to pay for national early childhood education."

So that's what successful people are? 'Lottery winners'?

He wants to ask people to pay more? No,he wants to COMPEL them to pay more via taxation.

What an absolute crock .
 
KLATTU said:
http://www.nydailynews.com/news/politics/obama-richest-people-aren-evil-article-1.2219519
Appearing at Georgetown University with well-known thinkers across the political spectrum, Obama touched on topics ranging from income inequality to the portrayal of poverty in the media.

"Very rarely do you hear an interview of a waitress, which is much more typical, who is raising a couple of kids and is doing everything right but still can't pay the bills," said Obama, who reiterated his call to close certain tax loopholes, including the "carried interest loophole"
"If we can't ask for society's lottery winners for that modest contribution then really this conversation is all for show," Obama said, explaining that the revenue produced from closing such exceptions could be used to pay for national early childhood education."

So that's what successful people are? 'Lottery winners'?

He wants to ask people to pay more? No,he wants to COMPEL them to pay more via taxation.

What an absolute crock .
Click to expand...

The core tenet of progressivism is that financial success can only be achieved through abusive means and that it is the intent of every financially successful person to prevent anyone else from becoming financially successful. They do grant an exception to artists and progressive politicians.
 
Lutherf said:
The core tenet of progressivism is that financial success can only be achieved through abusive means and that it is the intent of every financially successful person to prevent anyone else from becoming financially successful. They do grant an exception to artists and progressive politicians.
Click to expand...

As usual you sidestep the issue which is the carried interest loophole. It cuts the income tax rate from 39% to 20% for hedge fund managers. Why do they deserve to pay half the tax of the rest of the high wage earners? What makes it socialist for them to pay the same as others?

quick refresher on how the tax break works: An executive salary is taxed at 39 percent, the highest rate for earned income. But the income of a hedge fund manager is taxed at only 20 percent, which is the highest long-range capital gains rate—even though the hedge fund manager is deriving income that’s as directly earned as the wages of a steelworker. He made money when he established his fund. But the rule for hedge funds is that the “realization event”—when income is realized—is not known until later, so “carried interest” turns the income into a capital gain. This is what’s known as a legal fiction, which means that it’s a great big lie.
Click to expand...

Taxation of carried interest: The loophole for hedge fund managers could end tomorrow.
 
iguanaman said:
As usual you sidestep the issue which is the carried interest loophole. It cuts the income tax rate from 39% to 20% for hedge fund managers. Why do they deserve to pay half the tax of the rest of the high wage earners? What makes it socialist for them to pay the same as others?



Taxation of carried interest: The loophole for hedge fund managers could end tomorrow.
Click to expand...

I missed the issue?

Really?

How is it that one guy picking up his income as capital gains prevents a waitress from making a decent living? THAT is the point.

I don't know where you live but I live in America and in this country every single person who lives here has the opportunity to achieve financial success. Some might be brought up in circumstances that make the journey easier for them than it would be for someone else but there is no caste system or nobility that excludes ANYONE from the ability to achieve financial success. You are not restricted by race, religion, gender, age, the city of your birth, whether your parents were successful or anything else.

What progressives want is a template for success. They want to be able to say "If you do X, Y and Z you will be successful". Well, life doesn't work that way and the ONLY way to make such a template work is by using the coercive force of government against some to either clear a path or flat out carry someone else ahead of others.
 
Lutherf said:
I missed the issue?

Really?

How is it that one guy picking up his income as capital gains prevents a waitress from making a decent living? THAT is the point.

I don't know where you live but I live in America and in this country every single person who lives here has the opportunity to achieve financial success. Some might be brought up in circumstances that make the journey easier for them than it would be for someone else but there is no caste system or nobility that excludes ANYONE from the ability to achieve financial success. You are not restricted by race, religion, gender, age, the city of your birth, whether your parents were successful or anything else.

What progressives want is a template for success. They want to be able to say "If you do X, Y and Z you will be successful". Well, life doesn't work that way and the ONLY way to make such a template work is by using the coercive force of government against some to either clear a path or flat out carry someone else ahead of others.
Click to expand...

Again you missed the point. Obama wants to use the revenue from closing that loophole to pay for programs that will help a waitress raise her children. The question is how would closing that loophole hurt the hedge fund managers? It would not and paying the same as everyone else on income is not punishment either. Your knee-jerk defense of such disparity shows why we have such a maldistribution of incomes
in todays society. That money those managers are socking away will not "trickle down", only worsen the income gap that is slowing our economy and destroying our middle class.
 
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Lutherf said:
The core tenet of progressivism is that financial success can only be achieved through abusive means and that it is the intent of every financially successful person to prevent anyone else from becoming financially successful. They do grant an exception to artists and progressive politicians.
Click to expand...

Nope. That's wrong. Let me flip the table and show how ridiculous you sound.

The core tenet of conservatism is that financial success is only achieved by those coming from privileged and to have a constant underclass of trapped workers which when attempting to organize, be ridiculed and attacked for unionizing. They do grant an exception to trust fund babies and oil tycoons.

See how ridiculous that is?! Just because you're so polarized and blind to other political philosophies doesn't mean that they are evil at the very core.
 
Lutherf said:
The core tenet of progressivism is that financial success can only be achieved through abusive means and that it is the intent of every financially successful person to prevent anyone else from becoming financially successful. They do grant an exception to artists and progressive politicians.
Click to expand...

The core tenet of conservatism is hating everyone who is different or poor!

This is a fun game. Whatcha want to make up next?
 
if hard work guarantees success, why are so many 3rd world workers not millionaires?

the lottery aspect relates to your place of birth and circumstance.
 
KLATTU said:
http://www.nydailynews.com/news/politics/obama-richest-people-aren-evil-article-1.2219519
Appearing at Georgetown University with well-known thinkers across the political spectrum, Obama touched on topics ranging from income inequality to the portrayal of poverty in the media.

"Very rarely do you hear an interview of a waitress, which is much more typical, who is raising a couple of kids and is doing everything right but still can't pay the bills," said Obama, who reiterated his call to close certain tax loopholes, including the "carried interest loophole"
"If we can't ask for society's lottery winners for that modest contribution then really this conversation is all for show," Obama said, explaining that the revenue produced from closing such exceptions could be used to pay for national early childhood education."

So that's what successful people are? 'Lottery winners'?

He wants to ask people to pay more? No,he wants to COMPEL them to pay more via taxation.

What an absolute crock .
Click to expand...
Will he also be closing the loophole so 'waitresses' must include cash tips on their income tax returns?
 
Grant said:
Will he also be closing the loophole so 'waitresses' must include cash tips on their income tax returns?
Click to expand...

Well, I'm not sure why you put "waitresses" in scare quotes, but I should point out that tips do have to be reported to the IRS. Because they're income.
 
Grant said:
Will he also be closing the loophole so 'waitresses' must include cash tips on their income tax returns?
Click to expand...

waitresses"** (your quote) have to prepay tax on supposed tips based on their section receipt totals.


but... you knew that........
hence why you should probably credit card your tab and undertip--- f**k em, right?
 
Deuce said:
Well, I'm not sure why you put "waitresses" in scare quotes, but I should point out that tips do have to be reported to the IRS. Because they're income.
Click to expand...
And do you think all og them report these cash tips? It seems to qualify as a 'loophole' if laws aren't being enforced.

It was not a 'scare' quote, it was a quote. 'Waitress' has fallen out of favor and a cool guy like Obama should know that. They are now called 'servers'.

And of course singling out waitresses as having children irresponsibly stereotypes all of them.
 
SlevinKelevra said:
so if we remove those governments/corruption, those millions of hard workers will be millionaires?
Click to expand...
If they continue to work hard in areas where they have an opportunity for success, that is quite possible. Just as it is in the United States.
 
Grant said:
And do you think all og them report these cash tips? It seems to qualify as a 'loophole' if laws aren't being enforced.
Click to expand...
They are enforced.

People get away with murder sometimes, would you describe that as a loophole?
 
Grant said:
If they continue to work hard in areas where they have an opportunity for success, that is quite possible. Just as it is in the United States.
Click to expand...

Which is why , statistically, in the US, the median household income is ~50k
 
Lutherf said:
I missed the issue?

Really?

How is it that one guy picking up his income as capital gains prevents a waitress from making a decent living? THAT is the point.

I don't know where you live but I live in America and in this country every single person who lives here has the opportunity to achieve financial success. Some might be brought up in circumstances that make the journey easier for them than it would be for someone else but there is no caste system or nobility that excludes ANYONE from the ability to achieve financial success. You are not restricted by race, religion, gender, age, the city of your birth, whether your parents were successful or anything else.

What progressives want is a template for success. They want to be able to say "If you do X, Y and Z you will be successful". Well, life doesn't work that way and the ONLY way to make such a template work is by using the coercive force of government against some to either clear a path or flat out carry someone else ahead of others.
Click to expand...

Income in capital gains incentivizes companies to funnel yearly earnings towards shareholders, rather than employee wages, expansion, investment. This is where the richest of the richest 1% are getting all the flack from.

The tax system should be structured to disincentive such handouts and incentivize companies willingness to raise wages, higher more people, expand, etc. This will direct money from the top 1% back down the ladder.
 
SlevinKelevra said:
Which is why , statistically, in the US, the median household income is ~50k
Click to expand...
Right! And it's like that in most Western democracies where people are free and limits are put on government powers. Other countries could better themselves by adopting the US Constitution and Bill of Rights but corrupt governments would never allow that to happen. In fact it would difficult to pass such rights and limits in the USA today.
 
akrunner88 said:
Income in capital gains incentivizes companies to funnel yearly earnings towards shareholders, rather than employee wages, expansion, investment. This is where the richest of the richest 1% are getting all the flack from.

The tax system should be structured to disincentive such handouts and incentivize companies willingness to raise wages, higher more people, expand, etc. This will direct money from the top 1% back down the ladder.
Click to expand...
These "handouts" are a return on investments. If you don't want people to enjoy a return on their investments in the US, or anywhere, then you can't really complain when people invest elsewhere. Why would they do as you say if they can't get a return?
 
Lutherf said:
[Progressives] want to be able to say "If you do X, Y and Z you will be successful". Well, life doesn't work that way...
Click to expand...

Am I the only one who noticed that Luther appears to be all but agreeing with the infamous 'lottery' comment here?

You can do everything right, and not be extremely successful. That's precisely what Obama said according to the OP! The obvious and inescapable corollary of that is that if you are extremely successful, it's not only because you've done things right. 'Lottery' is obvious hyperbole on Obama's part, but it's quite heartening to see one of his conservative critics come even this close to agreeing with him. Perhaps the US is not so hopelessly mired in blind hyperpartisanship as we often see from some of the more outspoken participants on the forum.
 
Well, I suppose a more cynical perspective would be that in his haste to attack his warped caricature of 'progressive' views, Luther accidentally acknowledged the commonsense truth which most us already know, without realising what it implies. But I'm a glass half full kinda guy :)
 
Mithrae said:
Am I the only one who noticed that Luther appears to be all but agreeing with the infamous 'lottery' comment here?

You can do everything right, and not be extremely successful. That's precisely what Obama said according to the OP! The obvious and inescapable corollary of that is that if you are extremely successful, it's not only because you've done things right. 'Lottery' is obvious hyperbole on Obama's part, but it's quite heartening to see one of his conservative critics come even this close to agreeing with him. Perhaps the US is not so hopelessly mired in blind hyperpartisanship as we often see from some of the more outspoken participants on the forum.
Click to expand...
Obama's coments are typical of left wing politicians.

Success only comes by good luck . (It's usually accompanied by " success comes because the system is rigged in your favor).

Failure only comes by bad luck( It's usually accompanied by" failure for YOU is because the system is rigged in favor of them)

There are, of course small elements of truth in both memes. Small.
 
Lutherf said:
The core tenet of progressivism is that financial success can only be achieved through abusive means and that it is the intent of every financially successful person to prevent anyone else from becoming financially successful. They do grant an exception to artists and progressive politicians.
Click to expand...

Also a core tenet is that the successful somehow won some sort of life lottery, when it's far more often the case that their success came from hard work and calculated risk taking.
 
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