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Keyword: wealthy

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  • The Wealth Taxation Myth

    12/17/2010 7:06:26 AM PST · by bsaunders · 29 replies · 1+ views
    Beyond the Cusp ^ | December 17. 2010 | B. Saunders
    We keep hearing the argument that we have to tax the rich. We hear how the rich have all this wealth and that because of their great amounts of wealth; they can afford to pay more taxes. But here is the problem; we tax income, not wealth. Here is an example that will hopefully clarify the situation. We have two families. The first family has five million dollars in savings accounts in numerous banks earning two per cent interest and no other income. This gives them an income of one hundred thousand dollars a year. Living on their family estate...
  • New Efforts to Bring Iran’s ‘Wealthy Jewish Hostages’ to Israel

    12/14/2010 9:18:34 PM PST · by Nachum · 2 replies · 1+ views
    inn ^ | 12/14/10 | Tzvi Ben Gedalyahu
    Nearly 76,000 Iranian Jews moved to Israel since 1948 and Immigration Ministry officials and the Knesset committee for immigration are trying to find ways to encourage the remaining 25,000 to move to the Jewish State. One major obstacle is the comfortable position of many Iranian Jews, despite their children starting school every day with the chant “Death to Israel, Death to America.” Marking International Human Rights Day, the Knesset Committee on Immigration discussed the situation with Israelis from the Turkish and Iranian Jewish communities in Israel. “I ask Jews in Iran why they stay there, and they tell me they...
  • Income Taxes, Millionaires, and Billionaires (Chuck Schumer wants to play class warfare)

    12/14/2010 7:57:55 AM PST · by SeekAndFind · 8 replies
    American Thinker ^ | 12/14/2010 | Christopher Chantrill
    Senator Chuck Schumer (D-NY) is reported to be "irked" that President Obama didn't take his advice and use the tax bill to "corner Republicans into defending millionaires and billionaires."  In fact, Schumer's not just irked -- he's "deeply disappointed and convinced Obama had missed a major opportunity."  You'll remember that Schumer's plan was to continue the Bush tax cuts for everyone except those earning more than $1 million a year. Presumably, Chuck is upset about income trends showing the income share of the very richest rising in recent years.  Here is data from the IRS showing that the top...
  • Arson suspected in 2 Cape Cod incidents (graffiti left behind condemns wealthy people)

    12/13/2010 10:04:04 AM PST · by Libloather · 11 replies
    Boston.com ^ | 12/13/10 | Stewart Bishop
    Arson suspected in 2 Cape Cod incidentsBy Stewart Bishop Globe Correspondent / December 13, 2010 State fire officials are investigating a connection between two separate incidents of arson in two Cape Cod towns, authorities said yesterday. In both instances, someone apparently left messages at the scene condemning wealthy people, officials said. State Fire Marshal Stephen D. Coan said evidence found at both locations has led investigators to believe they might be connected. “There is some commonality to both incidents,’’ Coan said. “There was offensive graffiti that was written and very visibly displayed at both sites.’’
  • Effort for Liberal Balance to GOP Groups Begins (Brock, Townsend - American Bridge)

    11/23/2010 5:58:49 AM PST · by Libloather · 17 replies
    NY Times ^ | 11/23/10 | MICHAEL LUO
    Effort for Liberal Balance to G.O.P. Groups BeginsBy MICHAEL LUO Published: November 23, 2010 In what may prove a significant development for the 2012 elections, David Brock, a prominent Democratic political operative, says he has amassed $4 million in pledges over the last few weeks and is moving quickly to hire a staff to set up what he hopes will become a permanent liberal counterweight over the airwaves to the Republican-leaning outside groups that spent so heavily on this year’s midterm elections. Kathleen Kennedy Townsend, a former Maryland lieutenant governor and the eldest of Robert F. Kennedy’s 11 children, has...
  • Obama offers compromise on top-tier tax rates (GOP says no to “decoupling.”)

    11/09/2010 10:13:26 AM PST · by WebFocus · 29 replies
    Hotair ^ | 11/09/2010 | Ed Morrissey
    Stung by massive electoral losses in last week’s midterms, Barack Obama has attempted to shift to the center on one major issue facing Congress in its lame-duck session opening later this month — tax increases scheduled to hit at the first of the year. Republicans, however, pushed back almost immediately to the strategy Obama floated this weekend in attempting to “decouple” the higher bracket tax rates from the rest of the tax rates. Obama favors a permanent repeal of the tax hikes for middle- and working-class workers, but only wants a temporary extension of the top rates: President Obama said...
  • Tax Breaks For The Wealthy Do Boost Economy (Congress bites the hand that feeds economic growth)

    10/28/2010 7:49:17 AM PDT · by SeekAndFind · 3 replies
    Forbes ^ | 10/28/2010 | Alex Brill and Chad Hill
    Once again, tax policy is playing a central role in the election campaigns across the country. While almost all politicians appear to favor the extension of tax cuts for low- and middle-income households, a political fight has erupted over the fate of the top income tax bracket rate and the tax rate on dividends and capital gains. A host of arguments has been heard--some sensible and some less so. One particularly troubling idea that has emerged is summed up by a recent statement by President Obama, who argued, "These [high-income taxpayers] are folks who are less likely to spend the...
  • The War Against Capitalism

    10/20/2010 8:51:57 AM PDT · by Stoutcat · 2 replies · 1+ views
    Grand Rants ^ | 10-20-10 | Stoutcat
    It’s a very subtle ploy, that statement, ”already making more money than most will earn in a lifetime.” Does it make you feel good? Glad for those billionaires, and proud of their enterprenurial spirit? Or does it make you feel slightly envious that these young kids will make more than you’ll ever see in your life? Yeah, me too. The ongoing repetition (only slightly unpalatable in single instances) permeates society these days. It’s in the press, on television, online… all the time. Captialism is evil; tax the rich; make the rich pay their fair share; they’ll make more than you’ll...
  • White House Stands by Call for Tax Hike on Wealthy

    10/18/2010 3:37:26 AM PDT · by Son House · 41 replies
    FOXNEWS.com ^ | October 17, 2010 | FOXNEWS.com
    The White House continued to push Sunday for Congress to let the Bush tax cuts expire for the wealthiest Americans, teeing up a lame-duck standoff over the issue in Washington once lawmakers return from the campaign trail. David Axelrod, the president's senior adviser, said Sunday that the Obama administration still wants the tax cuts extended for middle-class families making up to $250,000. "That would be stimulative, because people who need money in their pocket to spend and pay for the things that they need to live would have more money in their pocket," Axelrod said in an interview. But he...
  • Blanche Lincoln may support extending tax cuts for the wealthy in light of 'circumstances'

    10/10/2010 8:13:25 AM PDT · by Libloather · 23 replies
    The Hill ^ | 10/09/10 | Darren Goode
    Lincoln may support extending tax cuts for the wealthy in light of 'circumstances'By Darren Goode - 10/09/10 10:32 AM ET Sen. Blanche Lincoln (D-Ark.) Friday signaled she is open to extending Bush administration tax cuts beyond the middle-class incentives President Obama and congressional Democratic leaders are seeking. Lincoln – one of the most endangered Democratic incumbents in the Nov. 2 midterm election – said she may support extending tax cuts set to expire at the end of the year for those making as much as $1 million annually. "I don't think we should have to say that we're either going...
  • Boehner to the rich: don’t blame me. If you like your money, stop funding the Democrats!

    09/13/2010 7:59:14 AM PDT · by Big Bureaucracy · 52 replies
    Big Bureaucracy ^ | September 13th, 2010 | Ellie Velinska
    Here comes the Boehner’s genius: rich democrats talk class warfare only because they believe the Republicans are there to protect their success. If the Republicans give up and let the radical left President run wild without a check – all those rich democrats will have to walk the walk to IRS, not only talk the talk. House Republicans Leader (and soon to be Speaker) John Boehner called President Obama’s bluff and stated he will vote for extending only part of the Bush tax-cuts if the Democrats have no will to give tax-cuts for the wealthy. That sent shock-waves through the...
  • The Wealthy Left Needs to Buy Our Debt – NOW!!!

    08/13/2010 12:03:30 AM PDT · by ExxonPatrolUs · 12 replies
    http://www.poserindex.com ^ | Today | Voice at Poser Index
    The Wealthy Left Needs to Buy Our Debt – NOW!!! If the Obama administration insists on promising exponential growth in entitlements, AND, If wealthy lefties are pledging to give their life savings to charity, The time is now – Buy our debt!!! Buy it from Obama and Buy it from China. Put your money where your mouth is. Do it for world peace! This means you... Bill Gates, Warren Buffett, Larry Ellison, ...
  • As spending by wealthy weakens, so does economy (Most feel the squeeze when Rich don't spend)

    08/02/2010 7:13:21 AM PDT · by SeekAndFind · 15 replies · 1+ views
    Real Clear Markets ^ | 08/02/2010 | Jeanine Aversa
    Wealthy Americans aren't spending so freely anymore. And the rest of us are feeling the squeeze. The question is whether the rich will cut back so much as to tip the economy back into recession — or if they will spend at least enough to sustain the recovery. The answer may not be clear for months. But their cutbacks help explain why the rebound could be stalling. The economy grew at just a 2.4 percent rate in the April-June quarter, the government said Friday, much slower than the 3.7 percent rate for the first quarter. Economists say overall consumer spending...
  • Don't hold your breath for a bounce in home prices (Wealthiest Counties in America Now Outside DC)

    07/28/2010 3:24:12 AM PDT · by Libloather · 10 replies
    Google ^ | ALAN ZIBEL
    Don't hold your breath for a bounce in home pricesBy ALAN ZIBEL (AP) – 1 day ago WASHINGTON — Thought the housing crisis was over? Not quite. Despite four years of falling prices and recent signs that they were finally bottoming out, homes are expected to lose still more value in many metro areas over the next year. Parts of the country already pummeled by the housing crisis, like Las Vegas, Phoenix and Miami, will be hit hardest. But even some places that have rebounded or held up relatively well — including New York, Los Angeles and Washington, D.C. —...
  • A Man Who Took Life's Business Lemons and Made His Own Business Lemonade

    07/16/2010 11:40:03 AM PDT · by Niuhuru · 4 replies
    Associated Content ^ | Published July 16, 2010 by: | Alice Winters
    After getting frustrated out of the lemons his problems gave him, David Miller made his own corporate lemonade. Due to the frustration of always having to call technical support to solve his own frequent hardware problems, he started taking the initiative to educate himself.
  • Wall Street Bails Out on Obama

    07/09/2010 12:25:12 PM PDT · by Kaslin · 23 replies
    Townhall.com ^ | July 9, 2010 | Donald Lambro
    WASHINGTON -- After a year of being pilloried and persecuted in Congress, many of Wall Street's donors have ended their rocky, odd-couple relationship with the Democrats and closed their checkbooks. The news that a growing number of Wall Street fat cats are no longer giving money to the Democratic House and Senate campaign committees is the latest in a lengthening saga of bad news for the Democrats who face what could be catastrophic losses in the midterm elections. Since the 2008 election, Wall Street tycoons who helped elect Barack Obama and bankrolled the Democrats' gains in Congress have become the...
  • Minn. Senate approves tax increase for wealthy

    05/10/2010 6:16:48 PM PDT · by ButThreeLeftsDo · 15 replies · 548+ views
    StarTribune.com ^ | 5/10/10 | MARTIGA LOHN, Associated Press
    The Democratic-controlled Legislature pushed Monday to send new income taxes for the highest-paid Minnesotans to a tax-averse Gov. Tim Pawlenty as part of their plan to wipe away a $2.9 billion deficit. The proposal barely cleared the Senate on a 34-33 vote before heading to the House. Pawlenty, a potential Republican presidential candidate, eliminated any suspense by promising to veto it. Lawmakers and the governor are hard-pressed to balance the budget before the state constitution requires the legislature to adjourn in a week. The state Supreme Court made the crisis more acute last week when it said Pawlenty exceeded his...
  • Fleecing the Rich (The Rich Will Just Move.)

    03/31/2010 11:59:35 AM PDT · by Andrea19 · 9 replies · 677+ views
    ATR ^ | 3/31/10 | Tim Andrews
    We've said again and again that hiking taxes on the "rich" won't increase revenue - instead, all it will do will be to retard economic growth, and hurt working families through job losses...
  • I fought for my right to have a career....

    03/01/2010 2:50:14 PM PST · by Niuhuru · 23 replies · 693+ views
    What is it with women? One minute they say they want to forge their way in the world, use their education, make their own money. The next, they want to be back at home raising children, living a life of cupcake-making domesticity. Then they ask, couldn't we have both? And when that happens, they want a lie down and their old traditional life back. Even that renowned analyser of human desires and motivation, Sigmund Freud, was stumped by the fairer sex. 'The great question that has never been answered', he said, 'and which I have not yet been able to...
  • $8 million in assets - and can't get a mortgage

    01/20/2010 3:22:32 AM PST · by TigerLikesRooster · 6 replies · 536+ views
    CNN Money ^ | 01/20/10 | Les Christie
    $8 million in assets - and can't get a mortgage By Les Christie, staff writer January 20, 2010: 3:41 AM ET NEW YORK (CNNMoney.com) -- The wealthy have money problems, too -- yeah they do. Even refinancing a mortgage for their fancy digs or getting a new loan can be near impossible these days thanks to skittish lenders. And the higher the loan value, the more they worry. Still, that people with high six-figure incomes, stellar credit histories and gobs of assets get mortgage requests turned down seems weird. "It's amazing really," said Susan Bruno, a financial planner with Beacon...
  • The War Against the Wannabe Rich

    12/28/2009 9:17:43 AM PST · by ConjunctionJunction · 12 replies · 815+ views
    Real Clear Politics ^ | December 28, 2009 | Victor Davis Hanson
    There is class warfare going on in this country -- but it's not against the established rich. It's against those who are trying to become wealthy. President Obama has declared that those who make over $200,000 will pay higher income taxes. Caps on payroll taxes are supposed to come off as well for the upper class. Envisioned estate taxes will take 45 percent of individual inheritances valued over $3.5 million. Many states have also hiked their income taxes on the upper brackets. Again, most of those targeted are not the already rich - a Warren Buffett or Bill Gates -...
  • The End Game of the Left

    10/23/2009 3:47:03 AM PDT · by Scanian · 11 replies · 773+ views
    The American Thinker ^ | October 23, 2009 | Andrew Thomas
    ?Tax the rich, Feed the poor, ‘Til there are no Rich no more." - "I'd Love to Change the World" Ten Years After (1971) Over the Columbus Day weekend, my wife and I traveled to Brooklyn, N.Y. to visit our daughter and her boyfriend. I was strictly admonished by my wife not to talk politics during the visit, since my daughter's boyfriend is a radical leftist. He, being a well-educated social science buff, and I, being who I am (a well-educated "right-wing nut job"), we had created many spectacular fireworks during past political debate sessions.
  • Perspective : Who is Really Wealthy?

    08/16/2009 7:03:41 AM PDT · by SeekAndFind · 9 replies · 1,016+ views
    8/16/2009
    One day , the father of a very wealthy family took his son on a trip to the country with the express purpose of showing him how poor people live. They spent a couple of days and nights on the farm of what would be considered a very poor family. On their return from their trip , the father asked his son , "How was the trip?" "It was great , Dad." "Did you see how poor people live?" the father asked. "Oh yeah , " said the son. "So , tell me , what did you learn from...
  • Are Millionaires All They’re Cracked Up to Be?

    07/27/2009 2:37:56 PM PDT · by Jbny · 20 replies · 1,942+ views
    Commentary Magazine ^ | 7/27/2009 | Max Boot
    In trying to pay for the Democrats’ grandiose health-care plan, President Obama has endorsed the concept of a “millionaires’ surtax.” Leave aside for a moment the consideration that not even this would raise the revenues necessary to pay for the Democrats’ designs; they will be forced to increase taxes on those earning considerably less than $1 million a year. Still, it’s clear why they’ve focused on milking millionaires as the way to fund their plans. Millionaires are seen as the symbols of excess — far removed from the “middle class” to which all politicians pay obeisance. Surely they can afford...
  • Heeding objections, Democrats modify plan to tax wealthy (RETREAT!)

    07/21/2009 5:32:04 AM PDT · by Libloather · 14 replies · 579+ views
    Twin Cities ^ | 7/20/09 | David M. Herszenhorn and Robert Pear
    Heeding objections, Democrats modify plan to tax wealthyBy David M. Herszenhorn and Robert Pear New York Times News Updated: 07/20/2009 10:17:03 PM CDT WASHINGTON — As President Barack Obama on Monday began a new push to overhaul the health system, Democratic congressional leaders, bowing to unease among lawmakers and governors in their own party, suggested scaling back a plan to tax top earners to pay for the legislation and signaled a retreat from their ambitious timetable. House and Senate leaders had been pressing for floor votes in each chamber before lawmakers depart for the August summer recess. But congressional aides...
  • House Dems look at surtax on the wealthy (to cover costs of ObamaCare)

    07/08/2009 5:04:56 PM PDT · by NormsRevenge · 20 replies · 677+ views
    AP on Yahoo ^ | 7/8/09 | David Espo and Erica werner - ap
    WASHINGTON – A plan to raise taxes on the wealthy is emerging as the leading option among House Democrats looking to finance health care legislation that President Barack Obama wants. Numerous officials say that under the proposal, an income tax surcharge would be imposed on individuals earning more than $200,000, with a higher threshold for couples. The same officials say earlier options under consideration have been abandoned. Among them was a proposal to raise the payroll tax that finances Medicare. The officials spoke anonymously to discuss private discussions.
  • The 1% Myth and the Victimization of America

    06/09/2009 1:36:08 AM PDT · by Scanian · 7 replies · 1,022+ views
    The American Thinker ^ | June 09, 2009 | Andrew Foy and Brenton Stransky
    A common liberal argument aimed at America's free market economy and reinforced in President Obama's budget proposal A New Era of Responsibility is that, over the last 25 years, the rich have gotten richer while the poor have gotten poorer. While this assertion should be of concern to anyone interested in domestic and economic policy, a critical examination of the data reveals the claim to be almost certainly spurious and uncovers an even more interesting question -- what is the motivation for the current administration to propagate such a claim? The following chart, produced by Thomas Piketty and Emmanuel Saez,...
  • Wealthy leaving Maryland in droves to avoid higher taxes

    05/17/2009 9:16:45 AM PDT · by Askwhy5times · 29 replies · 2,432+ views
    Bluegrass Pundit ^ | May 17, 2009 | Bluegrass Pundit
    A year ago, Maryland created a higher tax bracket for millionaires intended to help balance the state's finances and make the tax code more progressive. How is it working for them? In the last year the number of Marylanders with more than $1 million in taxable income who filed by the end of April has fallen by 1/3 to about 2,000. Taxes collected from those returns as of last month have declined by roughly $100 million. Increasing taxes on the rich has failed because the rich are mobile and can choose where they live. I am sure the states with...
  • Debunking The Barack Obama "Rich Don't Pay Taxes" Myth

    05/04/2009 4:57:43 PM PDT · by Shellybenoit · 2 replies · 946+ views
    Heritage Center/The Lid ^ | 5/4/09 | The Lid
    We hear it over and over from the President and from the Democratic party, the well off do not pay their fair share of taxes and during the eight years of the Bush administration, their burden was eased even further. Like most things coming out of the Obama White House that claim is bogus. The Non-Partisan Congressional Budget office issued a report that showed that the top 20% of income earners pay over 86% of all taxes, which is 6% more than what they paid at the beginning of the Bush administration. At the same time much of the bottom...
  • Anxo bulletproof clothing, if you’re a daring fashionista

    04/20/2009 8:06:14 AM PDT · by 2ndDivisionVet · 15 replies · 971+ views
    Born Rich ^ | April 20, 2009
    Unless your name is Bond, Obama or you are member of the mafia, you definitely don’t need bulletproof clothing. The gag aside, bulletproof vests are a thing of the past and the bulletproof clothing has become a style. Enter the Anxo’s new collection of armor proof clothing for both men and women, which replaces the vest with a bulletproof blouse or hipster leather coat. Tested against ballistic threats of ll and llA (equivalent to a .9MM or .357 Magnum), the clothing line makes sure you survive the shot. High-end materials have been used in the making and the complete armor...
  • XEROX CEO Mulcahy on Stimulus (Tax the Wealthy)

    03/06/2009 7:02:43 AM PST · by SES1066 · 10 replies · 397+ views
    Fox Business News VIDEO ^ | 03/05/09 | Liz Claman / Anne Mulcahy
    Video - Title: "XEROX Plan's to Reduce Paper Waste" - 5 minutes into 6.5 minutes for quotes about Stimulus.
  • They Own The World (Or At Least Islands Shaped Like It)[Manmade archipelago off Dubai coast]

    02/01/2009 3:21:34 PM PST · by 2ndDivisionVet · 6 replies · 906+ views
    The New York Post ^ | February 1, 2009 | Susannah Cahalan
    They're rich enough to own "The World." Tycoons and celebrities are plunking down millions to buy their own countries and continents - part of the 300 manmade islands built in the shape of real-life locales off the sun-drenched coast of Dubai. The artificial archipelago, visible from space, was founded in 2003 by Dubai Crown Prince Sheikh Mohammed bin Rashid Al Maktoum and Nakheel, one of the world's largest developers. The $10 billion development, completed just two weeks ago, was created by dredging 320 million cubic meters of rock and sand from the bottom of the Persian Gulf and landfilling it...
  • People Pulling Up to Pawnshops Today Are Driving Cadillacs and BMWs

    12/31/2008 4:39:24 AM PST · by TigerLikesRooster · 51 replies · 1,768+ views
    WSJ ^ | 12/30/08 | GARY FIELDS
    People Pulling Up to Pawnshops Today Are Driving Cadillacs and BMWs Well-to-Do Turn to Last-Resort Lenders; Putting Up Diamonds, Dumpsters as Collateral By GARY FIELDS PHILADELPHIA -- At Society Hill Loan, a pawnshop in a middle-class neighborhood here, a steady rain fell outside as a fashionably dressed young man parked his Cadillac Escalade outside. Looking around warily, he came in to speak with Nat Leonard, co-owner of the store. [Nat Leonard] The visitor was a 29-year-old engineer who was laid off earlier this year from one of the local chemical companies. Since then, he's been cleaning planes at the airport...
  • DSe Hybrid 12m: First Zero Emissions Yacht in America

    12/13/2008 3:13:46 PM PST · by 2ndDivisionVet · 19 replies · 1,187+ views
    JustLuxe ^ | October 26, 2008 | James Rothaar
    Eco-friendly Yachts: The first production motor yacht with zero emissions will be unveiled at the Fort Lauderdale International Boat Show at the end of October. The ship, the Island Pilot DSe Hybrid 12m, is powered by diesel fuel, solar energy, and electric power. The vessel is 12 meters long (39.5 feet) and can cruise at 13 knots on diesel fuel and 7 knots when in zero-emissions mode. A zero-emissions level is achieved with a 6 kW solar array and a 20 kWh battery bank. The yacht is the first-ever production motor yacht with zero emissions in America, according to Reuben...
  • U.S. housing crisis also hitting the wealthy(rich guys financially illitrate?)

    12/08/2008 6:26:28 AM PST · by TigerLikesRooster · 24 replies · 935+ views
    Reuters ^ | 12/07/08 | Nick Carey
    U.S. housing crisis also hitting the wealthy Sun Dec 7, 2008 11:31am EST By Nick Carey HINSDALE, Illinois (Reuters) - Less than a year ago, few people in this affluent Chicago suburb expected the subprime U.S. housing crisis would hit close to home. "We thought Hinsdale was virtually immune and we wouldn't see any foreclosures, but we have," said Dave Hanna, managing partner of Chicago-based Prudential Preferred CRE and president of the Chicago Association of Realtors. "Nowhere is immune." With a pretty red-brick downtown lined with stores, good schools and a railway line to nearby Chicago, Hinsdale has been popular...
  • Analysis of voters indicates very wealthy and very poor vote for Democrats

    11/26/2008 4:08:37 AM PST · by William Tell 2 · 40 replies · 1,245+ views
    The Bulletin ^ | 11/26/2008 | Michael P. Tremoglie
    Did Republican economic prosperity cause their electoral demise? http://www.thebulletin.us/site/news.cfm?newsid=20207520&BRD=2737&PAG=461&dept_id=623508&rfi=6
  • What Are Rich People Thinking? (Rich Obama supporters love paying higher taxes)

    11/10/2008 7:17:20 PM PST · by tobyhill · 60 replies · 621+ views
    Newsweek ^ | 11/10/2008 | Daniel Gross
    For several years, I've been writing about Bushenfreude, the phenomenon of angry yuppies—who've hugely benefited from President Bush's tax cuts—funding angry, populist Democratic campaigns. I've theorized that people who work in financial services and related fields have become so outraged and alienated by the incompetence, crass social conservatism, and repeated insults to the nation's intelligence, of the Bush-era Republican Party, that they're voting with their hearts and heads instead of their wallets. Last week's election was perhaps Bushenfreude's grandest day. As the campaign entered its final weeks, Barack Obama, who pledged to unite the country, singled out one group of...
  • Newsweek: Why the wealthy voted for Obama and higher taxes

    11/10/2008 12:32:39 PM PST · by drzz · 60 replies · 516+ views
    Newweek ^ | 11/10/08 | Daniel Gross
    For several years, I've been writing about Bushenfreude, the phenomenon of angry yuppies—who've hugely benefited from President Bush's tax cuts—funding angry, populist Democratic campaigns. I've theorized that people who work in financial services and related fields have become so outraged and alienated by the incompetence, crass social conservatism, and repeated insults to the nation's intelligence, of the Bush-era Republican Party, that they're voting with their hearts and heads instead of their wallets. Last week's election was perhaps Bushenfreude's grandest day. As the campaign entered its final weeks, Barack Obama, who pledged to unite the country, singled out one group of...
  • Obama's tax plan doesn't qualify as socialism, analyst says (WE'RE SAVED! WHOO HOO!)

    10/21/2008 6:38:30 PM PDT · by Libloather · 23 replies · 561+ views
    Kentucky.com ^ | 10/21/07 | DAVID LIGHTMAN & WILLIAM DOUGLAS
    Obama's tax plan doesn't qualify as socialism, analyst saysBy DAVID LIGHTMAN AND WILLIAM DOUGLAS McClatchy Newspapers Posted on Tue, Oct. 21, 2008 ST. CHARLES, Mo. --"Make no mistake," Republican activist John Hancock told a John McCain rally in this St. Louis suburb, "this campaign is a referendum on socialism." Republicans have been pounding that theme in recent days, even though Democratic presidential nominee Barack Obama hardly fits the classic definition of a socialist. Critics point to Obama's plan to raise the top two tax rates on the wealthy as clear evidence of his socialist bent. However, Len Burman, the director...
  • They’re Pinching Hundred-Dollar Bills

    10/06/2008 3:58:07 PM PDT · by TigerLikesRooster · 8 replies · 612+ views
    NYT ^ | 10/04/08 | GERALDINE FABRIKANT
    October 4, 2008 They’re Pinching Hundred-Dollar Bills By GERALDINE FABRIKANT The jet set, too, feels the pain. Louis L. Gonda, a regular on the Forbes list of the 400 richest Americans, has put two jets on the market. Interested parties could pick up the pair for $108 million. A private businessman who has given many millions to charities, Mr. Gonda, along with his father and a partner, sold their airline leasing company to the American International Group in 1990 for stock and cash. While it is not clear how many shares of A.I.G. he held onto or whether A.I.G.’s problems...
  • Day of Reckoning? Super Rich Tax Cheats Outed by Bank Clerk

    07/16/2008 9:23:54 AM PDT · by AreaMan · 70 replies · 158+ views
    ABC News ^ | 15 July 2008 | BRIAN ROSS and RHONDA SCHWARTZ
    Day of Reckoning? Super Rich Tax Cheats Outed by Bank Clerk Technician in Liechtenstein Turns Over Names of Americans With Secret Bank Accounts By BRIAN ROSS and RHONDA SCHWARTZ July 15, 2008— Hundreds of super-rich American tax cheats have, in effect, turned themselves in to the IRS after a bank computer technician in the tiny European country of Liechtenstein came forward with the names of US citizens who had set up secret accounts there, according to Washington lawyers investigating the scheme. The bank clerk, Heinrich Kieber, has been branded a thief by the government of Liechtenstein for violating the country's...
  • Battle for the ’Burbs How Republicans can compete for the upper middle class

    07/11/2008 7:10:35 AM PDT · by meandog · 24 replies · 132+ views
    National Review ^ | 7.11.08 | ROSS DOUTHAT & REIHAN SALAM
    Battle for the ’Burbs How Republicans can compete for the upper middle class ROSS DOUTHAT & REIHAN SALAM It was only four years ago that conservatives — and a great many liberals — were convinced that the Democratic party was doomed to become a purely regional institution: “a national party no more,” to borrow the title of Georgia Democrat–turned–Bush supporter Zell Miller’s 2003 memoir. Pundits brandished county-by-county maps showing blue enclaves drowning in a sea of red; they talked up the growth of GOP-leaning regions and constituencies and the daunting demographic gaps (God, babies) facing the Democratic party; they murmured...
  • Room Service Order-Taker for Ritz-Carlton (Perverted things the rich order)

    07/07/2008 5:50:59 PM PDT · by prolifefirst · 88 replies · 411+ views
    The Chicago Sun-Times ^ | 7/7/08 | Shamus Toomey
    In 30 years, I have provided this hotel and our guests with over a million orders. One million, two hundred. I have seen a lot of people that I have seen on television. Some use alias names, but I can look on the sheet and know exactly who they are. It's kind of cute because they don't realize you really know who they are. You go along with it. You'd be amazed. You get the guests that really admire their pets. One wanted caviar, and she wanted my waiter to actually hand-feed it to the feline when we were upstairs....
  • What Obama means by tax the wealthy

    06/28/2008 1:19:45 PM PDT · by rface · 14 replies · 80+ views
    CNN ^ | June 28, 2008 | Jeanne Sahadi
    To start, Obama frequently cites $250,000 as the line between those who would be subject to higher taxes and those who wouldn't. Indeed, under Obama's tax plan, married couples with at least $250,000 in gross income are likely to see their taxes go up if Obama is elected president. [click for brief entertaining video] But what about single filers? The line for them would likely be about $200,000, according to an Obama adviser. Those groups could end up paying anywhere from several thousand dollars to tens of thousands of dollars more to Uncle Sam than they do now, according to...
  • Legendary Clothing Designer Yves Saint Laurent Dies at 71

    06/01/2008 5:52:37 PM PDT · by nmh · 20 replies · 305+ views
    http://www.foxnews.com ^ | Sunday, June 01, 2008 | Associated Press
    PARIS — Legendary designer Yves Saint Laurent, who reworked the rules of fashion by putting women into elegant pantsuits that came to define how modern women dressed, died Sunday evening, a longtime friend and associate said. He was 71. Pierre Berge said Saint Laurent died at his Paris home following a long illness. (Aids?) ... Bouts of depression marked his career. Pierre Berge, the designer's longtime business partner and former romantic partner, was quoted as saying that Saint Laurent was born with a nervous breakdown. ... When he bowed out of fashion in 2002, Saint Laurent spoke of his battles...
  • DAMNED EVIL RICH PEOPLE

    04/28/2008 9:28:53 AM PDT · by Turret Gunner A20 · 9 replies · 103+ views
    NEALZ NUZE ^ | APRIL 28, 2008 | NEA;L BOORTZ
    Don't liberals just love to holler about "tax cuts for the rich?" It doesn't matter what the facts are – people just love to hear that stuff. In a country awash with achievement envy (a/k/a "wealth envy") people just love to hear that those who have accomplished more than they are going to be hammered for daring to excel. Here's a quickie look at the figures since 1986. 1. The share of the income tax paid by the top 1 percent of income earners went from 25.8 percent to over 37 percent. 2. The percentage their total income that the...
  • Culture = A Massive Sham Perpetrated By Rich Capitalist Oppressors

    12/24/2007 2:31:17 AM PST · by 2ndDivisionVet · 1 replies · 158+ views
    Pajamas Media ^ | December 24, 2007 | Oleg Atbashian
    Laugh all you want at George Lakoff’s advice for the Democrats to win by framing the debate and altering the vocabulary. Language is a key battleground in culture wars, and as soon as you step into your opponent’s frame of reference and start identifying bad weather as climate change, illiteracy as public education, and freedom as desperate need of care and supervision, you may lose not just the debate but the war, the culture, and your very way of life. A recent humorous discussion about PeopleSpeak™ at the People’s Cube prompted me to take a more serious look (to the...
  • Wealthy Couple Convicted of Slavery

    12/17/2007 9:39:49 AM PST · by xtinct · 44 replies · 290+ views
    AOL ^ | 12/17/07 | FRANK ELTMAN
    CENTRAL ISLIP, N.Y. A jury on Monday convicted a millionaire couple of enslaving two Indonesian women they brought to their mansion to work as housekeepers. Mahender Murlidhar Sabhnani, 51, and his wife, Varsha Mahender Sabhnani, 45, were each convicted of all charges in a 12-count federal indictment that included forced labor, conspiracy, involuntary servitude, and harboring aliens. Prosecutors said the women were subjected to repeated psychological and physical abuse and were forced to work 18 hours or more a day. The Sabhnanis, who have four children and operate a worldwide perfume business out of their Muttontown home on Long Island's...
  • Dems call for taxes on wealthy at debate

    12/13/2007 11:51:49 AM PST · by NormsRevenge · 45 replies · 108+ views
    AP on Yahoo ^ | 12/13/07 | Nedra Pickler - ap
    JOHNSTON, Iowa - Democratic presidential rivals called for higher taxes on the wealthiest Americans and on some corporations Thursday and said any thought of balancing the federal budget would have to wait. "We're not going to be able to dig ourselves out" of Bush-era deficits in the next year or two, said Illinois Sen. Barack Obama, one of six Democratic rivals sharing a debate stage for the final time before Iowa's leadoff Jan. 3 caucuses. Asked about eliminating deficits, several of the Democrats responded by mentioning higher taxes on the wealthy and on big corporations. "I want to keep the...
  • Campaign watch: Socialist Security

    11/16/2007 12:26:01 PM PST · by 2ndDivisionVet · 2 replies · 371+ views
    The Patriot Post ^ | November 16, 2007 | Andy W. Rogers
    Lately, Democrats have taken to showcasing the hallmark courage overflowing their party’s ranks. For instance, Senator Clinton has boldly unveiled her plan to fix the looming train wreck that is Social Security—namely, to dodge unveiling a plan to fix Social Security. Who knew? One-upping this bawdy exhibition of true grit, Senator Obama, presented his own daring strategy. His plan? “Tax the rich!” Brilliant! Of course, by “rich” he means you, through raising the payroll tax cap to get at even more of your income. How “innovative.” An added bonus: deepening the eventual crisis by reducing tax receipts, but that’s a...