Posted on 08/07/2007 8:32:10 AM PDT by Sir Hailstone
Shrillery is on CNBC right now. Cable TV, Satellite or audio on XM Satellite Radio XM127
PIAPS- Pig In A Pant Suit
Larry Kudlow to respond in a few minutes. This should be good.
We'll see what Kudlow has to say in the next segment.
Ears AND eyes, neither are safe!
Dylan Rattigan, not exactly a fastball pitcher, got Hillary to do her version of the AL Gore sigh, when he pressed her on how to pay for what she wants. The politics of daytime CNBC is suspect, but they at least understand tax increases are not good for business and therefore not good for business channels either.
It would have been nice if the fawning twink interviewing her would have asked a tough question.
Hillary on TV? I can barely contain my excitement.
The “wealthy “being any family that earns above $100,000 a year? That’s the way it usually goes. The funny thing is that the truly rich know how to dodge all these tax increases. That’s why liberals like Soros and Buffet are in favor of them. They just soak the upper-middle class and, eventually, the middle-middle class and then finally the lower-middle class. Look at the history of the damned alternative tax.
He said his producers were telling him in his earpiece to shut up. I guess they just wanted a Hillary campaign commercial.
heil hillary!
If she is successful letting the Bush tax cuts expire, it will result in the largest tax increase on the middle class in history.
The truly wealthy don’t have earned income - it’s all investment income, most of which is tax-sheltered through qualified retirement plans, deferred compensation, life insurance trusts and annuities.
The bulk of income taxes are paid by small business owners and salaried employees, with the top 20% of earners paying 85% of the total. Hillary’s people are those in the bottom 50% - those who benefit from government spending far more than they pay.
hail to the next president of the united states.
thank you! “american electorate”.
The former Fed Governor named William Ford was the only panelist who did not engage in a Hillary love fest. The rest of the panelists said she was competent, well she does know something about the mortgage industry, she did after all loot a Lincoln Savings and Loan, and got her boy toy Webb Hubbell to take the fall.
Hiliary’s people would include us government workers, or at least 80% of us. The public employees unions are a major arm of the Democratic Party.
Hillary has been cozing up to wall street recently and getting gushing praise from the execs at the big financials, but today she flat out said she’s going to tax the hell out of them to pay for her housing bailout and other social programs.
I hope wall street is listening today.
Yes. And we are approaching the tipping point in the US of A, because 2002 data shows that the top 1% in Adjusted Gross Income accounted for 33.7% of personal income tax receipts (federal), the top 5% accounted for 53.8%, and the bottong 50% of AGI paid only 3.6%.
If and when we get to the point where more than half of voters have little or no federal income tax liability, we are in serious economic trouble.
Critics would point out, though, that the above numbers don’t count social security and Medicaid taxes, which is true, but the data does show that the so called rich (per AGI) are paying plenty already.
OMG: She has hopped onto the latest Sky is Falling fad: subprime mortage delinquencies. She wants more regulation of “unscrupulous” lenders.
Funny thing is, for years politicians have been hammering banks and lenders to lend more in poor urban areas, where some of the mortgage deliquencies are now occurring.
LOL! That chick kicked ass in Kill Bill.
As was pointed out in an earlier thread, even the stat Rush puts on his website about how the richest 10% pay 95% of the taxes, or something like that, is misleading.
Since the truly wealthy don’t EARN anything, they are effectively ‘off the grid’.
If you have $3MM in capital, and you invest it in municipal bonds, then you will have $150,000/yr. in non-taxable income on a 5% bond. You don’t have to touch the interest, and you are definitely wealthy.
In WA state, you’ll get popped on property taxes, and probably escape gasoline taxes altogether since you don’t commute.
As such, you don’t pay taxes, not really.
The AMT was always a sham on the American people, because it never touched the ‘idle’ rich. If you earned a wage, you got hit.
CNBC is playing all day long in our office but when I heard Hillary’s shrill voice I got up and mutued the TV. I’m going to leave it muted for now since I’m sure the talking heads are still going ga ga. I’ll wait to hear Kudlow when he’s on his own show later this afternoon.
RATigan is a massive NYC liberal. He exploded when one of the guys on the show he hosts, Fast Money, in the afternoons talked about how Michael Moore was banned from getting into the NYSE. This was when Michael Moore showed up on the steps of the NYSE with a bunch of tv crews claiming he wanted everyone to sell all their HMO stocks and wanted to be able to do it from the floor of the NYSE.
The NYSE said no way and RATigan looked like he was going to have a nervous breakdown over the matter.
Ratigan is usually pretty good. I dunno what his politics are but I’ve generally found him to be pretty fair with his observations and such. I did not get to see this interview though.
I have a feeling they were under orders..probably an agreement before hand or the like.
You know the drill with Hitlery. All questions screened in advance.
Yeah, the truly rich usually escape the tax bite — why I said measured by AGI.
But, tax exempt interest from munis does get captured by the AMT. There are AMT tax free muni bonds, but they are fewer than non AMT, and price richer.
Goo-goo... for Gogo
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