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Keyword: redistribution

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  • 2 states challenge German redistribution system

    03/25/2013 3:14:35 PM PDT · by Olog-hai · 3 replies
    Associated Press ^ | Mar 25, 2013 8:31 AM EDT
    Two wealthy German states have filed a lawsuit in the country’s highest court challenging a system under which money is redistributed to less prosperous regions. Bavaria’s state government said it and the state of Hesse filed the suit Monday with the Federal Constitutional Court. … The system is supposed to help ensure equal living conditions nationwide. …
  • Bankrate: Payroll tax increase hits middle-income households hardest

    03/25/2013 10:35:25 AM PDT · by TurboZamboni · 14 replies
    baltimore sun ^ | 3-25-13 | Eileen Ambrose
    <p>Nearly half — 48 percent — of American workers haven’t noticed that more money is being taken out of their paychecks for the payroll tax that funds Social Security, according to a survey released today by Bankrate.com.</p> <p>In the previous two years, workers’ paid 4.2 percent of wages (on income of up to $113,700 this year) instead of 6.2 percent. But during last year’s tax negotiations to avoid the fiscal cliff, the payroll tax holiday wasn’t extended. Many predicted at the time that low-income workers would be the most hurt by the payroll tax going up 2 percentage points.</p>
  • Cyprus now looks to take 25 percent from bank accounts of wealthy...(Obama must be drooling)

    03/24/2013 8:45:12 AM PDT · by Dallas59 · 32 replies
    MSNBC ^ | 3/24/2013 | MSNBC
    NICOSIA -- Cyprus said on Saturday it was looking at seizing a quarter of the value of big deposits at its largest bank as it races to raise the funds for a bailout from the European Union and to avert financial collapse. Finance Minister Michael Sarris said "significant progress" had been made in talks in Nicosia with officials from the European Union, European Central Bank and International Monetary Fund. He confirmed discussions were centered on a possible levy of around 25 percent on holdings of over 100,000 euros (about $130,000) at Bank of Cyprus, and expressed hope that a package...
  • Thieves Plunder Crashed SUV of Tires, Wheels and Battery - While Dying Driver Lay Trapped Underneath

    03/22/2013 7:31:47 PM PDT · by DogByte6RER · 22 replies
    Daily Mail (U.K.) ^ | 22 March 2013 | Daily Mail Reporter
    Thieves plunder crashed SUV of tires, wheels and battery - while its dying driver lay trapped underneath A man who was crushed to death by his SUV after a fatal accident suffered the final indignity of being robbed as he lay trapped under the vehicle. Police in New Mexico say 26-year-old Steven Roy Reese of Carlsbad was killed either Tuesday night or Wednesday morning when he apparently lost control of his 1996 Ford Explorer on a little-used dirt road. However, when they got to the vehicle they discovered that somebody had stolen wheels, tires and the battery from the wrecked...
  • Hugo Chavez Net Worth: $1 Billion

    03/05/2013 6:30:41 PM PST · by lbryce · 43 replies
    Celbrity Net Worth ^ | March 5, 2013 | Staff
    Hugo Chavez net worth: Hugo Chavez was a Venezuelan politician who had a net worth of $1 billion at the time of his death on March 5th 2013. Hugo Rafael Chavez Frias was born in was born July 28, 1954 in Sanbaneta, Venezuela. When he died, Chavez had been the President of Venezuela since February 2, 1999. At age 17, Chavez enrolled in the Venezuelan Academy of Military Sciences, graduating in 1975 as a sub-lieutenant with a degree in Military Arts & Sciences. Upon completing his studies, Chavez entered active military service as a member of a counter insurgency battalion...
  • Soak the Youth: Ageism in America

    02/25/2013 2:02:14 PM PST · by FreeMerica · 25 replies
    Rancor News ^ | February 25th, 2013 | Tyson
    The Simpon's Helen Lovejoy iconized the phrase, “Won't somebody think of the children?,” but in an age where every “ism” has a special interest group and being called any sort of “ist” is the ultimate character assault our youth receive very little consideration on the big issues of the day. Social Security, often presented as an investment in your future, is merely a wealth transfer from the young to old. Many youth today see the demographic writing on the wall and understand that, like all ponzi schemes, Social Security can't outrun arithmetic forever. Youth are forced to subsidize the lifestyles...
  • Billionaire has unique role in official Washington: climate change radical

    02/23/2013 8:16:49 AM PST · by Lorianne · 28 replies
    Washington Post ^ | 17 February 2013 | Juliet Eilperin
    When Thomas Steyer — a San Francisco billionaire and major Democratic donor — discusses climate change, he feels as if one of two things is true: What he’s saying is blindingly obvious, or insane. It’s a somewhat shocking statement for someone who’s in the running to succeed the cerebral Steven Chu as energy secretary. Granted, he’s a long shot — the leading contender is MIT professor Ernest Moniz, who served as the department’s undersecretary during the Clinton administration — but his backers say his strength lies in combining business savvy with an activist’s passion. But it’s not as if Steyer,...
  • Will Obama push us over the edge?

    02/22/2013 12:07:21 PM PST · by richardb72 · 13 replies
    Fox News ^ | February 22, 2013 | John Lott
    Obama thinks he has a mandate for change. But this is the man who ran for president in 2008 promising to “cut net spending” and to shrink the federal government; a man who promised that his “stimulus” spending was only temporary. Obama hid regulations from view until after his reelection. The press maintained the fiction that Obama supports the Second Amendment and is no threat to citizens’ keeping guns for self-defense. Yet the day after his reelection, Obama called for the UN Arms Trade Treaty negotiations to be started again, and a few weeks later he promised to put the...
  • A Shaken Tax Landscape

    02/17/2013 10:14:54 AM PST · by Kid Shelleen · 10 replies
    Philadelphia Inquirer ^ | 02/05/2013 | Troy Graham and Dylan Purcell
    The politicians and analysts have been talking for more than a year about the potential winners and losers from Mayor Nutter's property tax reform, and now the lines have been drawn. The results of a citywide reassessment key to Nutter's Actual Value Initiative (AVI) were released Friday, and the data confirm some long-held expectations - wealthier, fast-changing neighborhoods are facing stiff increases, and many large commercial properties will see big drops in their bills. Some hikes are jaw-dropping. --snip-- It amounts to a massive redistribution of the city's property tax burden, and the stakes for both homeowners and politicians could...
  • Chicago Revises 911 Procedures

    02/12/2013 10:37:31 AM PST · by John Semmens · 7 replies
    Semi-News/Semi-Satire ^ | 9 Feb 2013 | John Semmens
    Citing limited resources and a surging murder rate, the City of Chicago announced new rules for how 911 calls are to be handled. From this point on, simple property crimes will no longer qualify for immediate, or possibly any, attention. Chicago Deputy Chief-of-Patrol Steve Georgas explained that “last year over 500 people were murdered in our city. Obviously, with this serious mayhem underway we don’t have time for the small stuff. If somebody shoots somebody else we’ve got to have the resources available to respond. This has to take priority over mere theft.” The change was directed by Mayor Rahm...
  • The Case for a 25-Hour Work Week (This Is Not a Joke)

    02/05/2013 4:00:57 PM PST · by Professional Engineer · 39 replies
    Inc. ^ | Feb. 4, 2013 | Laura Entis
    The 40-hour work week is an outdated model, according to Science Nordic's James W Vaupel, head of the new Danish Max Planck research center. Instead, he argues, we should only work 25 hours a week--but keep working until we’re octogenarians. “We’re getting older and older here in Denmark. Kids who are ten years old today should be able to work until the age of 80. In return, they won’t need to work more than 25 hours per week when they become adults,” Vaupel told Science Nordic. “In the 20th century we had a redistribution of wealth. I believe that in...
  • Visualizing the 2012 Distribution of Income in the U.S. by Age

    01/27/2013 6:14:57 AM PST · by Kaslin · 26 replies
    Townhall.com ^ | January 27, 2013 | Political Calculations
    Where do you fit in the 2012 ranking of total money income by age group in the United States? While we've previously built a tool where you can find out your percentile ranking among all individuals, men, women, families and households in the U.S., we thought it might be fun to break the data for individuals down a little differently - by age group! Our chart below reveals what that distribution looked like for 2012, as indicated by the curves showing the major income percentiles from the 10th through the 90th percentile for each indicated age group on the horizontal...
  • Communists Cheer On Obama's Gun Grab

    01/24/2013 6:26:35 PM PST · by VitacoreVision · 54 replies
    The New American ^ | 24 January 2013 | William F. Jasper
    No surprise that the Communist Party USA, plus official voices from Communist China and Russia, endorse Obama's latest attacks on the 2nd Amendment. Communists Cheer On Obama’s Gun Grab The New American 24 January 2013 It should come as no surprise that the Communist Party USA is on board with President Obama’s plan to attack Americans’ right to keep and bear arms as a means to “end gun violence.” A cardinal feature of communist regimes, like all dictatorships, is the prohibition of private ownership of arms, creating a monopoly of force in the hands of the State. In a...
  • World’s 100 richest earned enough in 2012 to end global poverty 4 times over

    01/20/2013 9:50:34 AM PST · by TaxPayer2000 · 91 replies
    RT.com ^ | 20 January, 2013, 15:46
    The world's 100 richest people earned a stunning total of $240 billion in 2012 – enough money to end extreme poverty worldwide four times over, Oxfam has revealed, adding that the global economic crisis is further enriching the super-rich. “The richest 1 percent has increased its income by 60 percent in the last 20 years with the financial crisis accelerating rather than slowing the process,” while the income of the top 0.01 percent has seen even greater growth, a new Oxfam report said. For example, the luxury goods market has seen double-digit growth every year since the crisis hit, the...
  • Obama Seeks "Fuller Understanding" of What Happened in Algeria Siege

    01/19/2013 4:02:40 PM PST · by kristinn · 102 replies
    Reuters ^ | Saturday, January 19, 2013 | Matt Spetalnick
    President Barack Obama offered on Saturday to provide any assistance the Algerian government needs after a deadly hostage siege at a desert gas plant and said the United States was seeking a "fuller understanding" from Algerian authorities of what took place there. "The thoughts and prayers of the American people are with the families of all those who were killed and injured in the terrorist attack in Algeria," Obama said in his first comments on the hostage crisis. Obama's written statement was issued by the White House after the Algerian army carried out a dramatic final assault to end a...
  • Hilarious: Obama Voters Furious About Tax Hikes

    01/07/2013 7:28:58 PM PST · by Beave Meister · 32 replies
    Independent Journal Review ^ | 1/7/2013 | Kyle Becker
    Democrat voters received a dose of economic reality after their New Year’s hangovers wore off, when they looked down at their 2013 paystubs and saw not Obama bucks, but higher federal taxes. How misplaced was their trust in re-electing defender of the middle class tax-raiser President Obama? Workers making $30,000 will take a bigger hit on their pay than those earning $500,000 under the fiscal cliff deal. And Democrats are seeking $1 trillion more in tax “revenue” by the end of this year. Now, it’s not nice to laugh at other people’s shock and surprise, but this is about as...
  • Obama’s $264 Billion Tax Bill for 2013 May Spark New Recession

    01/07/2013 8:44:45 PM PST · by Olog-hai · 28 replies
    Newsmax ^ | Monday, 07 Jan 2013 10:18 PM | David A. Patten
    With the fiscal cliff deal and many Obamacare taxes taking effect, Americans will be slammed with an estimated $264 billion in new taxes this year alone—making 2013 memorable for delivering one of the largest one-year tax increases in American history. The math breakdown of the new taxes is simple: Key parts of the Bush tax cuts will expire as a result of the new fiscal cliff legislation, hitting American taxpayers with a tax bill of about $39.5 billion each year for the next decade. … Moody’s chief economist Mark Zandi issued a projection that the tax burden will cut GDP...
  • Obama's Affirmative Action: Tax Increases for Everyone!

    01/07/2013 10:52:09 AM PST · by Kaslin · 11 replies
    Townhall.com ^ | January 7, 2013 | Morgan Brittany
    Here we go again folks, the Obama lies continue to flow.  Remember when he said this?  “I can make a firm pledge.  Under my plan no family making under $250,000 a year will see any form of tax increase.  Not your income tax, not your payroll tax, not your capital gains, not any of your taxes.”  Really.  Then how is it that this week when people got their payroll checks they were a little thinner than they were in 2012?  I’m not talking about the “evil rich”, but the average everyday worker.  With the expiration of the payroll tax cut,...
  • CURL: Obama supporters shocked, angry at new tax increases

    01/06/2013 4:23:49 PM PST · by Reagan is King · 107 replies
    The Washington Times online ^ | Sunday, January 6, 2013 | Joseph Curl
    Sometimes, watching a Democrat learn something is wonderful, like seeing the family dog finally sit and stay at your command. With President Obama back in office and his life-saving “fiscal cliff” bill jammed through Congress, the new year has brought a surprising turn of events for his sycophantic supporters. “What happened that my Social Security withholding’s in my paycheck just went up?” a poster wrote on the liberal site DemocraticUnderground.com. “My paycheck just went down by an amount that I don’t feel comfortable with. I guarantee this decrease is gonna’ hurt me more than the increase in income taxes will...
  • Pelosi: More tax revenues must be part of next deficit deal

    01/07/2013 2:29:19 AM PST · by Libloather · 20 replies
    The Hill ^ | 1/06/13 | Mike Lillis
    Pushing back against the Republicans' deficit-reduction strategy, House Minority Leader Nancy Pelosi (D-Calif.) said this weekend that more tax revenues – not just spending cuts – must be a part of Congress's effort to rein in deficits. Pelosi said the tax hikes in the recent “fiscal-cliff” deal are a start, but don't go far enough to generate the revenues the government needs to run the country effectively. "In this legislation we had $620 billion, very significant … changing the high-end tax rate to 39.6 percent. But that is not enough on the revenue side," Pelosi told CBS's Bob Schieffer in...