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Keyword: stealthewealth

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  • No Surprise: The Money-Obsessed Clintons Underpay Employees at Their Slush Fund

    08/15/2013 11:58:38 AM PDT · by Kaslin · 3 replies
    Rush Limbaugh.com ^ | August 15, 2013 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Yesterday we had the story in the New York Times about the Clinton Foundation and the Clinton Library and Massage Parlor, and it was a New York Times story, and it raised a number of questions, and those questions were dealt with and analyzed on this program. One of the points made was this foundation is running incredibly high deficits while bringing in millions and millions of dollars in donations. I connected the dots, and I came to the conclusion that one of the points of the story was that somebody is making out pretty well here...
  • Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ?

    Financial QUESTION: Obama and Democrats Trying To SEIZE Retirement Accounts (IRAs, 401Ks) ? Aug 9, 2013 I want to know what other Free Republic Members know about this H.R. 2035: Automatic IRA Act of 2013 I got an e-mail stating: "Obama & BIG Government Are Planning To Seize Retirement Accounts!" President Obama’s FY2014 Budget Plan brings us one Large step closer to De-Privatizing IRA’s & 401k’s. Much like Obamacare, Obama’s “Automatic IRA” will force employers with 10 employees or more, to “automatically” enroll their workers in the new Government run accounts. Obama’s Automatic IRA will be managed by the Social...
  • IRS knowingly sends Billions in Fraudulent Refunds to Illegal Immigrants

    03/30/2013 5:55:30 AM PDT · by Texas Fossil · 100 replies
    Town Hall ^ | Mar 30, 2013 | Bob Beauprez
    A WTHR-TV Indianapolis investigative report exposes a fraudulent scheme wherein the IRS is sending $4.2 billion per year to illegal immigrants as an "additional child tax credit" for children who don't even live in the U.S. Further, the IRS and Congress have been ignoring the scheme for years. The Inspector General's office has repeatedly identified the problem in audit after audit. The IG, Russell George says, "The magnitude of the problem has grown exponentially," but the IRS is doing nothing to stop it. "It's so easy it's ridiculous," the tax preparer whistleblower who exposed the fraud admits. Names are simply...
  • 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,...
  • 7 Reasons Socialism Will Make You Poorer Than Capitalism

    12/04/2012 4:26:17 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | December 4, 2012 | John Hawkins
    Given what we know in 2012, saying that capitalism will make a society richer than socialism should be about as controversial as saying the earth is round, not flat. Yet, a recent Gallup poll shows that more liberals have a positive view of socialism than capitalism. This is only possible because there are so many perverse incentives that drive the promotion of socialism. If you're a politician, socialism puts power in your hands while capitalism takes it away. If you want to use the government to control people's lives, socialism is a wonderful vehicle to do just that while capitalism...
  • Stick-it-to-rich tax plan may backfire on France

    10/18/2012 5:33:51 AM PDT · by COBOL2Java · 18 replies
    The Washington Times ^ | 19 October 2012 | Maya Vidon-White - Special to The Washington Times
    PARIS — France’s Socialist government is proposing a slew of taxes — on art, on businesses, on the rich — that are drawing criticism for stifling entrepreneurship and scaring off the wealthy. “Unfortunately, I think the politics we are leading in France will turn out to be catastrophic for the economy, which is already in bad shape,” said French economist Marc Touati, author of “When the Eurozone Explodes.” “This is a serious mistake, something you learn in [Economy 101] — it will aggravate the recession and therefore shrink the tax base.” Led by President Francois Hollande, the French government proposed...
  • Class Warfare: The Mortal Enemy Of Economic Growth And Jobs

    10/18/2012 6:35:26 AM PDT · by SeekAndFind · 5 replies
    Forbes ^ | 10/18/2012 | Jim Powell
    Our economy is lousy, the labor force participation rate is the lowest in 31 years, we’ve had 43 consecutive months with unemployment over 8 percent, and a record 47 million people are on food stamps, so one might expect President Obama would welcome as much help as he could get. Surely he would want private sector job creators – investors and entrepreneurs – to have the strongest possible incentives for turning around this Obama “recovery” where household incomes are falling faster than they fell in the Bush recession. But Obama’s priority is class warfare. That’s why he relentlessly denounces job...
  • Obama’s Global Tax Plans – Dick Morris TV: Lunch Alert!

    10/08/2012 9:27:28 AM PDT · by Signalman · 2 replies
    Dick Morris ^ | 10/8/2012 | Dick Morris
    Dear Friend, In this video commentary, I discuss how Obama won’t tell us his plans, but here they are: a series of UN imposed global taxes on all Americans. Tune in!
  • Obama’s Plan for Ohio : Making suburban taxpayers prop up failing Democratic cities

    10/08/2012 6:54:05 AM PDT · by SeekAndFind · 34 replies
    National Review ^ | 10/08/2012 | Stanley Kurtz
    Suburbanites of Ohio, listen up. As swing voters in the ultimate swing state, you will have an outsized impact on this election. President Obama has pledged to govern in the interests of middle-class voters like you. With so much resting on your shoulders, that is a promise you should scrutinize with care. What exactly are Obama’s plans for Ohio’s suburban communities? The answer may shock you. President Obama aims to help Ohio’s Democrats bail out your state’s struggling cities by forcibly transferring suburban tax money to urban treasuries. It’s a bold plan to redistribute the wealth of Ohio’s suburbs. It...
  • Woman arrested after allegedly slapping girl in face for not sharing ice cream

    10/08/2012 8:32:57 AM PDT · by onlylewis · 36 replies
    Associated Press/ Fox News ^ | 10/08/2012 | Associated Press
    SAN ANTONIO – A woman has been arrested for allegedly hitting a 10-year-old girl who refused to share ice cream with her daughter. The older girl began walking home but the mother of the 4 year old, Talysa Herron, approached and hit her in the face. She then followed her home in her car.
  • Spain Recoils, as Its Hungry Forage Trash Bins for a Next Meal

    09/26/2012 10:02:15 AM PDT · by rightwingintelligentsia · 151 replies
    NYT via CNBC ^ | September 25, 2012 | Suzanne Daley
    On a recent evening, a hip-looking young woman was sorting through a stack of crates outside a fruit and vegetable store here in the working-class neighborhood of Vallecas as it shut down for the night. At first glance, she looked as if she might be a store employee. But no. The young woman was looking through the day’s trash for her next meal. Already, she had found a dozen aging potatoes she deemed edible and loaded them onto a luggage cart parked nearby. “When you don’t have enough money,” she said, declining to give her name, “this is what there...
  • The Rich Don't Pay Enough?

    08/29/2012 10:56:14 AM PDT · by Kaslin · 20 replies
    Townhall.com ^ | August 29, 2012 | Walter E. Williams
    If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middleclass while the rich get off scot-free. Stephen Moore, senior economics writer for The Wall Street Journal, and I'm proud to say former GMU economics student, wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issue 2012 (8/12). Let's see whether the rich are paying their "fair" share. According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national...
  • You didn’t build that: Obama says wealthy are ‘lucky,’...

    08/13/2012 10:45:13 PM PDT · by CitizenM · 98 replies
    The Washington Examiner ^ | 8/15/12 | Joel Gerhke
    One month to the day after his infamous ‘you didn’t build that’ speech, President Obama’s description of wealthy people did not include “smart” or “hardworking,” as he instead ascribed their success to good luck. “If you’re lucky enough, and fortunate enough, and been blessed enough to be in the other two percent, the top two percent, you still get a tax cut for your first $250,000 of income,” Obama said during a campaign stop in Council Bluffs, Iowa. “All we’re saying is after that, maybe you can do a little bit more to help pay down this deficit and invest...
  • Obama: 'A New Vision Of An America In Which Prosperity Is Shared'

    08/13/2012 11:37:46 PM PDT · by 2ndDivisionVet · 27 replies
    Breitbart TV ^ | August 13, 2012
    (VIDEO AT LINK) President Obama: "Too many folks still don't have a sense that tomorrow will be better than today. And so, the question in this election is which way do we go? Do we go forward towards a new vision of an America in which prosperity is shared?(continued)
  • Burn Down the Suburbs? Not exactly, but Obama is already working to get rid of them.

    08/05/2012 4:38:05 PM PDT · by Syncro · 69 replies
    NationalReview ^ | Aug 1, 2012 | Stanley Kurtz
    Burn Down the Suburbs? Not exactly, but Obama is already working to get rid of them. By Stanley KurtzEditor’s Note: This article is adapted from Spreading the Wealth: How Obama is Robbing the Suburbs to Pay for the Cities, by Stanley Kurtz, from Sentinel HC. President Obama is not a fan of America’s suburbs. Indeed, he intends to abolish them. With suburban voters set to be the swing constituency of the 2012 election, the administration’s plans for this segment of the electorate deserve scrutiny. Obama is a longtime supporter of “regionalism,” the idea that the suburbs should be folded into the cities, merging schools,...
  • Senate Votes to Raise Taxes on Small Businesses

    07/26/2012 7:38:05 AM PDT · by IbJensen · 55 replies
    Heritage Foundation ^ | 7/26/2012 | Amy Payne
    Yesterday, the Senate narrowly voted (51-48) to raise taxes on 1.2 million small businesses, which will likely kill more than 700,000 jobs at a time when nearly 13 million Americans are out of work. Senators Joe Lieberman (I-CT) and Jim Webb (D-VA) joined all Republicans in bipartisan opposition to the tax hike. This is President Obama’s economic plan. This is what he asked Congress to do. And he recently told a fundraising crowd that his economic plan has been working. “Just like we’ve tried [Republicans'] plan, we tried our plan—and it worked,” he said. But Obama’s Treasury Secretary, Timothy Geithner,...
  • The Dismantling of the American Dream

    07/16/2012 1:48:43 PM PDT · by Kaslin · 11 replies
    Rush Limbaugh.com ^ | July 16, 2012 | Rush Limbaugh
    BEGIN TRANSCRIPT RUSH: Who does Obama think paid the taxes for the roads and the bridges and the stoplights? Who paid for this? Who paid for all of that? People that don't have anything? People who pay taxes paid for all this stuff! Folks, it's a shame that we have to sit here and react to this kind of sophistry and explain to people how this country was built and who did it and why it happened and how it happened. Because we live in a period of time where the president of the United States is trying to rewrite...
  • Wealthy Socialite/Top Democratic Donor Denise Rich Renounces Her U.S. citizenship

    07/09/2012 10:45:50 PM PDT · by tcrlaf · 50 replies
    UK DAILY MAIL ^ | 9 July 2012 | Daily Mail.Reuters
    -Songwriter also has Austrian citizenship through her late father -Former husband Marc Rich fled the country when indicted on charges of tax evasion - but was pardoned by President Clinton in 2001 -House of Representatives committee later found Denise Rich had swayed the decision through donations to Clinton campaign -Comes as the latest wealthy American to denounce citizenship Denise Rich, the wealthy socialite and former wife of pardoned billionaire trader Marc Rich, has given up her U.S. citizenship - and, with it, much of her U.S. tax bill. Rich, 68, a Grammy-nominated songwriter, top Democratic donor and glamorous figure in...
  • GHEI: The Poorer Middle Class. Obsession with Income Redistribution is Destroying U.S. Productivity

    06/15/2012 6:12:55 AM PDT · by lbryce · 10 replies
    Washington Times ^ | June 14, 2012 | Nita Ghei
    Obsession with income redistribution is destroying U.S. productivity President Obama’s re-election prospects dim by the day. When it comes to all-important pocketbook issues, Americans quite simply are worse off now than they were when this administration moved into the White House. The Federal Reserve released its latest “Survey of Consumer Finance” on Tuesday, which confirmed widely held sentiment with hard data: Americans are poorer today than they were in 2007, when the Great Recession hit. The difference between now and then is massive. The median household saw almost 39 percent of its wealth evaporate, and real income (that is, the...
  • Obama Orders IRS to refund 'Illegal Aliens' $4.2 billion, While Asking the Rich....

    05/07/2012 7:56:55 AM PDT · by yoe · 31 replies
    (Loophole.)(4 Billion a year)(video)(Illegal Aliens Getting Bigger Tax Refund Checks?)
  • Obama's $5 Trillion Moment

    04/19/2012 2:35:18 PM PDT · by Kaslin · 15 replies
    Townhall.com ^ | April 19, 2012 | Guy Benson
    I buried this item at the bottom of my early morning post on Romney's rhetoric, but I think this staggering milestone merits a separate post.  The Obama legacy:   In the 39 months since Barack Obama took the oath of office as president of the United States, the federal government’s debt has increased by $5,027,761,476,484.56. Although he has served less than a term, Obama is now the first American president to see the federal government's debt increase by more than $5 trillion during his time in office. During the full eight years that George W. Bush served as president, the...
  • Van Jones: 'Progressives Have Another Century to Win!'

    04/17/2012 10:36:10 AM PDT · by 2ndDivisionVet · 12 replies
    Rolling Stone ^ | April 17, 2012 | Rick Perlstein
    Van Jones, one of the most effective organizers and strategists on the left, is out with a new book. Rebuild the Dream, which debuted last week on the New York Times bestseller list, takes its name from the organization Jones helped found a year ago to stir up a grass-roots insurgency against the plutocrats we now call the 1%—and now seek harness the insurgent energies expressed by the Occupy movement into lasting institutional reform. “The American dream—the idea that ours is a land where any hard-working person can better herself or himself—is at risk of being wiped out, right before...
  • Socialism for Kids, the Obama Version

    04/05/2012 7:28:05 AM PDT · by Kaslin · 10 replies
    Townhall.com ^ | April 5, 2012 | Daniel J. Mitchell
    I have several amusing posts about the left’s fixation on redistributionism, including this Halloween classic, this Elizabeth Warren takedown, this mockery of the Occupy Wall Street nitwits, and this caricature of Obama’s class warfare. In this grand tradition, here’s a funny poster sent to me by a reader.This is an appropriate point for the disclaimer that Obama is not a socialist, which technically requires government ownership of the means of production. As I’ve explained before, it’s much more accurate to say he’s a statist, a corporatist, or a redistributionist.And since we’re looking at definitions and this post features young children,...
  • Obama moves on corporate-tax reform (in the wrong direction!)

    02/22/2012 9:37:34 AM PST · by SeekAndFind · 9 replies
    Hotair ^ | 02/22/2012 | Ed Morrissey
    Corporate tax reform has long been an opportunity for a win-win bipartisan effort in Washington. Everyone agrees that the corporate code needs significant changes, if not a complete overhaul; it's too complicated, too costly, and rewards the larger companies that can afford to analyze it for every possible benefit. Both parties have made corporate tax reform part of their plartforms, Democrats arguing that we need to close loopholes, Republicans that we need simplification and lower rates.The White House decided to go first on corporate tax reform: The Obama administration Wednesday will unveil a framework for reforming the corporate tax code...
  • Obama Budget Raises Taxes on Small Employers, Savers, Families

    02/15/2012 11:02:04 AM PST · by 92nina · 6 replies
    ATR ^ | 2012-02-13 | Ryan Ellis
    President Obama released his FY 2013 budget [Monday] morning. By his own numbers, his budget raises net taxes over the next decade by $1.56 trillion (Table S-9, page 225). As a percentage of the economy, tax revenues would rise all the way to 20.1% of GDP in 2022, far higher than the historical tax revenue average of 18.3% of GDP (Table S-1, page 205). Here are some of the tax lowlights: All 20 of the new or higher taxes in Obamacare are assumed to take place. That means that there will be a 3.8 percentage point surtax on investment income....
  • Pelosi on Unemployment Benefits Extension: I’d rather not pay for it

    02/06/2012 11:48:21 AM PST · by Pacothecat · 25 replies
    Pelosi: 'I Don't Want To Pay For It...Surcharge' The Rich For Doctors Visits and Unemployment Benefits http://www.breitbart.tv/pelosi-on-unemployment-benefits-extension-id-rather-not-pay-for-it/
  • Obama: Jesus would tax the rich

    02/02/2012 8:20:06 AM PST · by Sub-Driver · 200 replies
    Obama: Jesus would tax the rich By: Jennifer Epstein February 2, 2012 10:12 AM EST President Barack Obama tied his proposal to raise taxes on wealthy Americans to his faith on Thursday, telling leaders gathered for the National Prayer Breakfast that Jesus’ teachings have led him to that conclusion. The rich pay more not only because “I actually think that is going to make economic sense, but for me as a Christian, it also coincides with Jesus’s teaching that ‘for unto whom much is given, much shall be required.’” Obama said at the Washington Hilton, delivering remarks at an annual...
  • The 'Take Care of Me' Society is Wrecking the USA [We've lived off our children, grandchildren..]

    01/28/2012 8:40:19 PM PST · by fight_truth_decay · 58 replies · 1+ views
    The Fiscal Times ^ | January 28, 2012 | By MAUREEN MACKEY,
    You’ve played by the rules. Worked hard to put yourself through school. You’ve gotten a decent job and you pay your taxes. You’re faithfully paying down your mortgage and saving money in a 401(k) – all to secure your finances and your future. But now there are a lot more “takers” than “makers” in this country – and the impact is systemic and long-lasting. A prevalent new “moocher culture” is changing the character of this nation – that’s the core message of A Nation of Moochers: America’s Addiction to Getting Something for Nothing, a new book by Charles J. Sykes,...
  • Great news: The “fair share” administration owes over $800,000 in back taxes

    01/26/2012 7:18:22 AM PST · by SeekAndFind · 7 replies
    Hotair ^ | 01/26/2012 | Ed Morrissey
    We heard a lot on Tuesday night from President Obama about the wealthy paying their “fair share” in his State of the Union speech. (Well, you heard it a lot; I read the speech and then commenced to have a life on Tuesday night.) Obama made half a dozen references to fairness in relation to taxes in the address, including taking a shot at Congress: But in return, we need to change our tax code so that people like me, and an awful lot of members of Congress, pay our fair share of taxes. Just like with charity, perhaps fairness...
  • Obama: Millionaires should pay at least 30 percent in taxes (Obama paid 25%, Mitt 13%, Buffett 10%)

    01/25/2012 3:23:15 AM PST · by tobyhill · 68 replies · 5+ views
    msnbc ^ | 1/25/2012 | By Michael O'Brien
    People earning over $1 million per year should pay an effective tax rate of no less than 30 percent, President Obama said in his State of the Union address Tuesday night. The president laid down one of his most political markers of the annual policy speech by crafting what he called the "Buffett Rule," named after the famous billionaire investor. "Tax reform should follow the Buffett rule: If you make more than $1 million a year, you should not pay less than 30 percent in taxes," Obama said.
  • SOTU: Obama "Can't Wait" to Bypass Constitution

    01/25/2012 6:35:21 AM PST · by Kaslin · 28 replies
    Townhall.com ^ | January 24, 2012 | Charles Payne
    It turns out Mitt Romney paid $6.2 million in taxes in the latest year between federal and local taxes and I say bravo for him that sounds fair as hell to me. Really, just think for a moment and ask yourself does anyone get $6.2 million a year in services from the government? This past weekend is a perfect example. A nature preserve sits right behind my house, which is great because it's like having a giant backyard with deer, foxes, and occasional eagles. I worry about those giant trees that lean toward the house in such an ominous way...
  • Obama to Draw an Economic Line in State of Union (activist role for gov, more taxes and spending)

    01/21/2012 11:34:23 AM PST · by Innovative · 35 replies
    NY Times ^ | Jan 21, 2012 | JACKIE CALMES
    President Obama will use his election-year State of the Union address on Tuesday to define an activist role for government in promoting a prosperous and equitable society, hoping to draw a stark contrast between the parties in a time of deep economic uncertainty. ...Mr. Obama will call for changing the corporate and individual income-tax codes so the wealthy pay more, both to finance government investments and to alleviate the rise in income inequality in recent years. Republican presidential candidates have countered that government should get out of the way.
  • Dems propose 'Reasonable Profits Board' to regulate oil company profits

    01/19/2012 11:33:44 AM PST · by Sub-Driver · 124 replies · 1+ views
    Dems propose 'Reasonable Profits Board' to regulate oil company profits By Pete Kasperowicz - 01/19/12 10:20 AM ET Six House Democrats, led by Rep. Dennis Kucinich (D-Ohio), want to set up a "Reasonable Profits Board" to control gas profits. The Democrats, worried about higher gas prices, want to set up a board that would apply a "windfall profit tax" as high as 100 percent on the sale of oil and gas, according to their legislation. The bill provides no specific guidance for how the board would determine what constitutes a reasonable profit. The Gas Price Spike Act, H.R. 3784, would...
  • CNBC: Soros Bought $2 Billion Ex-MF Global Europe Debt: Report

    12/09/2011 6:09:02 AM PST · by tcrlaf · 35 replies
    CNBC ^ | 12-9-11 | Antonia Oprita
    About $2 billion worth of European bonds owned by MF Global were bought by billionaire investor George Soros's family fund, the Wall Street Journal wrote on Friday, quoting people close to the matter. On October 31 MF Global collapsed into the eighth-largest bankruptcy in U.S. history and an estimated $1.2 billion in client funds remains unaccounted for. SNIP hey were turned over to KPMG, MF Global's bankruptcy administrator in London; they were then offered to big investors immediately after the company's collapse by MF Global's London clearing house, LCH Clearnet, the paper said, quoting a KPMG spokeswoman. A number of...
  • Obama: Limited Gov't That Preserves Free Markets 'Doesn't Work. It Has Never Worked'

    12/07/2011 9:22:50 AM PST · by Just4Him · 61 replies
    CNS News ^ | 12/7/2011 | Terence P. Jeffrey
    (CNSNews.com) - In a speech delivered at Osawatomie High School in Osawatomie, Kansas, on Tuesday, President Barack Obama argued that while a limited government that preserves free markets "speaks to our rugged individualism" as Americans, such a system "doesn't work" and "has never worked" and that Americans must look to a more activist government that taxes more, spends more and regulates more if they want to preserve the middle class. "'[T]here is a certain crowd in Washington who, for the last few decades, have said, let’s respond to this economic challenge with the same old tune. 'The market will take...
  • Obama’s BIG small-minded class warfare speech in Kansas doesn’t disappoint (Predictable)

    12/06/2011 2:09:01 PM PST · by SeekAndFind · 11 replies
    Hotair ^ | 12/06/2011 | Tina Korbe
    Today in Osawatomie, Kan., Barack Obama laid bare his progressive agenda, calling for more federal involvement in education, increased spending on infrastructure, an extension of the payroll tax cut and increased taxes on the rich. He even invoked Teddy “the Trustbuster” Roosevelt, who, if you’ll recall, became increasingly socialistic as the sun of his national stardom began to set. Not surprisingly, Obama was disingenuous in a few places — but just a few. At one point, he said he had already signed $1 trillion in spending cuts into law. Presumably, he was referring to the cuts included in the debt...
  • 'Occupy' Movement's Favorability Rating Plummets, For Some Reason

    11/03/2011 11:50:48 AM PDT · by Kaslin · 18 replies
    Townhall.com ^ | November 3, 2011 | Guy Benson
    How very curious:   A sign that the Occupy Wall Street movement isn’t the best long-term vehicle for Democrats to connect themselves with: A new Quinnipiac poll, showing a plurality of voters viewing the group unfavorably.  The poll, released today, show 30 percent of voters surveyed view the movement favorably, 39 percent unfavorably, with an additional 30 percent not hearing enough to have an opinion.  It’s one of the first national polls to suggest voters are growing skeptical of Occupy Wall Street- and it comes as police have clashed with protesters in several cities.  Previous national polls have shown a plurality of...
  • The Rising Backlash Against the Rich (Woe to the rich today. You are now considered "undeserving")

    10/10/2011 7:58:30 AM PDT · by SeekAndFind · 41 replies
    Real Clear Markets ^ | 10/10/2011 | Robert Samuelson
    The context for Occupy Wall Street and proposals to tax the rich - "rich" being constantly redefined - is the broader issue of economic inequality. For years, liberal politicians, academics and pundits have complained about growing inequality, but their protests barely resonated with the public. When most people are doing okay, the fact that some people are doing better does not arouse much anger. No more. When many people do worse, or fear they might, the rich inspire resentment and envy. Glaring inequalities that once seemed tolerable become offensive. By and large, Americans regard the rich the way they do...
  • White House: Millionaire tax isn’t enough

    10/07/2011 12:25:45 PM PDT · by Sub-Driver · 77 replies · 1+ views
    White House: Millionaire tax isn’t enough Neil Munro -- The Daily Caller 39 mins ago President Obama wants tax increases on the wealthy, regardless of whether the Democrats’ proposed millionaire tax becomes law, White House spokesman Jay Carney said Friday. “The president’s position has not changed” since he called for increased tax rates on individuals earning more than $250,000 per year, and for adoption of the “Buffett Rule,” Carney said during his midday press conference. Under the still-vague “Buffett Rule,” named for multi-billionaire investor Warren Buffett, the government would ensure wealthy people could not use current features of the tax...
  • Eat the Rich (Oh, you gotta read this)

    09/22/2011 1:22:25 PM PDT · by Scythian · 23 replies
    April 13, 2011 | Walter E. Williams
    By Walter E. Williams (Archive) • Wednesday, April 13, 2011 I've often said that I wish there were some humane way to get rid of the rich. If you asked why, I'd answer that getting rid of the rich would save us from distraction by leftist hustlers promoting the politics of envy. Not having the rich to fret over might enable us to better focus our energies on what's in the best interest of the 99.99 percent of the rest of us. Let's look at some facts about the rich laid out by Bill Whittle citing statistics on his RealClearPolitics...
  • Twenty Percent, Yes. Twenty-Five Percent, No

    09/22/2011 9:39:14 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | September 22, 2011 | Emmett Tyrrell
    WASHINGTON -- It is clear from the way President Barack Obama has been talking about the federal budget recently, and about taxation since he came to office, that all the money that Americans earn belongs to the federal government. The key words in this conversation are "tax expenditures." Obama has lost a lot in tax expenditures, and he wants more of those tax expenditures back. He can spend that money, he believes, more wisely than the citizenry -- that is to say, you and me. He has wiggled and wobbled on the nation's finances over the years. First, he spent...
  • One-day rehiring nets former Chicago labor leader $158,000 pension

    09/22/2011 7:27:57 AM PDT · by listenhillary · 19 replies
    Chicago Tribune ^ | 9/21/2011 | Jason Grotto
    Most city workers spend decades in public service to build up modest pensions. But for former labor leader Dennis Gannon, the keys to securing a public pension were one day on the city payroll and some help from the Daley administration. And his city pension is more than modest. It's the highest of any retired union leader: $158,000. That's roughly five times greater than what the typical retired city worker receives. In fact, his pension is so high that it exceeds federal limits and required the city pension fund to file special paperwork with the Internal Revenue Service to give...
  • Washington Post: Taxing the rich fairly can be done — and would raise revenue

    08/24/2011 2:38:56 PM PDT · by SeekAndFind · 69 replies
    Washington Post ^ | 08/23/2011
    IT HAS BEEN a little over a week since billionaire Warren Buffett called for higher taxes on the richest Americans, and now comes the reaction. Harvey Golub, a former chairman and chief executive of American Express, writes in the Wall Street Journal that he “resents” Mr. Buffett’s suggestion. I already pay plenty of taxes, Mr. Golub asserts, adding: “Before you ‘ask’ for more tax money from me and others, raise the $2.2 trillion you already collect each year more fairly and spend it more wisely.” Who’s right? Mr. Golub points out that almost half of the population pays no income...
  • America Now Has Fewer Millionaires: Liberals Want Income Equality – They Should Be Thrilled

    08/22/2011 1:16:37 PM PDT · by SeekAndFind · 28 replies
    Before It's News ^ | 08/20/2011
    There are fewer millionaires in America today – can you hear the celebration at the Blue Heron farm on Martha’s Vineyard where the Obama family is spending someone’s millions? Obama at Blue Heron Farm - 2009 Pullout quote: For the past three decades, the political left has obsessed about income inequality. As the economy experienced one of the largest and lengthiest economic booms in history from 1982-2007, the left moaned that the gains went to yacht club members. Well, if equality of income is the priority, liberals should be thrilled with the last four years. Wall Street Journal (great article...
  • Key Republican on New Deficit Panel, Rep. Dave Camp, Won't Rule Out Tax Increases

    08/11/2011 10:14:35 AM PDT · by GreaterSwiss · 101 replies
    CNBC.COM ^ | 8/11/2011
    Key Republican on New Deficit Panel, Rep. Dave Camp, Won't Rule Out Tax Increases CNBC.com breaking headline
  • Liberals outline stimulus agenda in 'Contract for the American Dream'

    08/09/2011 9:22:06 AM PDT · by Sub-Driver · 55 replies
    Liberals outline stimulus agenda in 'Contract for the American Dream' By Erik Wasson - 08/09/11 10:57 AM ET Liberal organizations and unions are frustrated that President Obama has not aggressively pushed a new jobs stimulus agenda and they are offering up a consolidated fall agenda for Democrats to embrace as an alternative to austerity. Representatives of MoveOn, Rebuild the Dream and the Center for Economic Policy and Research will join Rep. Jan Schakowsky (D-Ill.) on Tuesday to launch a progressive “Contract for the American Dream” to urge the administration and Congress to turn away from budget cutting and focus on...
  • Obama Aims for the Money You Don’t “Need”

    07/18/2011 9:00:48 AM PDT · by opentalk · 50 replies
    The Foundry, Heritage ^ | July 13, 2011 | Mike Brownfield
    Over the past several weeks, America has seen on grand display in Washington a singular mindset emanating from the White House: We must raise taxes so that we can keep on spending. This week, though, America was treated to something different—a glimpse inside President Barack Obama’s mind, a roadmap of his economic worldview. And what was revealed was a philosophy that is fundamentally at odds with America’s job creators. That insight came during the President’s press conference on Monday in which he broached the subject of raising taxes as part of the debt limit deal: And I do not want,...
  • Obama: Public is 'sold' on tax increases in a debt-ceiling deal (Keep telling yourself that Barry)

    07/15/2011 10:29:24 AM PDT · by markomalley · 47 replies
    The Hill ^ | 7/15/11 | Sam Youngman and Alicia M. Cohn
    President Obama on Friday kept up the pressure on Republicans to agree to revenue increases in a deal to raise the debt ceiling, claiming 80 percent of the public supports Democrats' demand for tax increases. "The American people are sold," Obama said. "The problem is members of Congress are dug in ideologically." Throughout the press conference, Obama blasted Republicans for ignoring what he said is the will of the American people by rejecting tax increases that would balance out spending cuts in a debt package. "This is not an issue of salesmanship to the American people," Obama said. "I hope...
  • Obama Digs in His Heels on Taxes

    07/12/2011 1:23:00 PM PDT · by Kaslin · 14 replies
    Pajamas Media ^ | July 12, 2011 | Peter Roff
    "Revenue enhancements" must be on the table, the president insists. In a remarkable performance Monday, President Barack Obama dug in his heels, insisting that new taxes and new revenues had to be part of any grand deal struck to avoid going over the debt ceiling.Obama used his midday presser to argue for “a balanced approach” that included some kind of revenue enhancements as the price for slicing away at entitlements and other government programs, if not now then in a few years.“What we have talked about is that starting in 2013, that we have gotten rid of some of these...