Skip to comments.Peter Schiff: Majority Doesn't "Have A Right To Steal My Money Just Because They Voted For It"
Posted on 12/10/2012 7:21:46 AM PST by george76
First of all, I'm in the top two percent. Right now, I'm paying 45% of my total income in income taxes, both to the state of Connecticut and to the federal government, and if you take the 3% Medicare tax. After the tax hikes go into effect next year, more than half -- more than half of my total income is going to go to the government.
You tell me, what's fair about that when medieval serfs pay 25%, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it.
(Excerpt) Read more at realclearpolitics.com ...
Very well said I am also in the top 2% and they have no right to steal my money through both income tax and estate tax.
I agree. A good reason we need a single rate. They would not be so eager to raise it.
And I'm in the same boat. What can we do about it? Not a damn thing I can think of until the riots begin when the freebies get cut off. Our so call conservatives in Government are lazy and scared to death to do what is necessary. The Country has not got the picture of what it has done, but you just wait a few months. Hell will break out.
I agree but how do we stop them from doing it? Ballots didn't work. What's next? Bullets?
Move to a non state income place such as Texas or Florida. Keep more of your money. Shouldnt have to be that way, but 60 million Amerikans have the government thinking for them since they obviously dont have the mental capacities to do so themselves.
I’m not close to the top 2%, and I still recognize the absolute idiocy (and clear unfairness) of it.
We’re a democracy now. Which means mob rules.
I oppose higher tax rates on the rich precisely BECAUSE of the adverse affect it will have on the poor.
The rich happen to have a function in the private sector, and that of course is to put excess capital at risk. Without having altruistic motives, the rich function as benefactors to the poor, because they are our employers and our investors.
Extracting money through taxes from the rich causes layoffs (harms the poor), and increased prices on everything, every product and every service, that these rich employers provide. This also harms the poor.
In short, the poor will pay disproportionately for the increased taxes on the rich.
This is the way we should be articulating our opposition to taxes on the rich.
If the media could do such a number on Romney over his innocuous, 47% comment, this guy is gonna get held up for absolute slaughter.
Were a long way off from the “riots”. There is still our private retirement funds to steal first.
I’m not in the top 2% — far from it, in fact, and I don’t support raising their taxes.
We need to force the media to stop using % , and rich as definers.
Make them use actual numbers.
I’d wager that most americans would not consider $250,000 as Rich.
They probably think “rich” is a multi - millionaire
I am slowly moving that to real estate and metals. The metal purchases are what some might call “structured” but I’m playing by the letter of the law. For now.
While I concur with your theft philosophy, keep in mind that they’re not taxing your money; only your currency. That little piece of paper that says $100, isn’t backed by anything other than an increasingly shaky confidence that it will be honored as “money”. You could wake up one morning to find out that it’s lost 30-40% of its value. Hopefully you’re heavily invested in gold..in your personal safe, guarded appropriately.
That’s the deceiver’s game - obfuscate the language, distort the meanings of words, use words that mean one thing to the listener and mean another thing to the speaker.
The founder of the left’s ideology is a liar and the father of lies, there is no truth in him/them.
I get zero in government assistance but am easily in the bottom 47% of income earners.
If Romney can be so smeared for simply telling the truth, it shows nothing more than the inordinate influence the enemedia has on our culture.
Their credibility needs to be totally destroyed and when, not if, it happens, a token number of some of their worst toadies will have to suffer the same fate as did Nazi architect Julius Streicher to emphasize the point.
Schiff only has the guts to say what many of the rest of us are thinking. There will be more money disappearing into the black market. More tax avoidance schemes, both legal and otherwise. And more people (like me) on the margins who say "to hell with it! I'm tired of pulling the wagon when so many of those riding it are better off than I. Maybe I'll ride too!"
I’m sure it’s not far off when I get “taken up” on this challenge, but so far, no takers...
I challenge my lib-in-laws, whenever they are defending wealth transfers, “if you want the money out of my wallet to give to somebody else, come get it.”
(From “Nutty Professor”: “you’ll walk over, but you’ll limp back”)