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Good for you! Then you won't mind sharing your wealth (NM)

Posted By: Newer TT'r on 2008-10-25
In Reply to: I am voting for him and I don't need anyone's money, thank you! (nm) - GObama

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This sharing the wealth...the pub mantra that escapes no one.
"collective ownership of resources" in Alaska (straight out of the moose's mouth)....that VERY different, too?

BTW, tax cuts, tax credits, progressive tax system is VERY American and not the least bit socialist. Letting tax cuts expire and tax rates return to their previous levels is hardly a radical policy. Rich folks have ALWAYS paid higher tax rates under the progressive tax order. Until that system is replaced, there is nothing unusual at all about the proposal to adjust the rate, or the candidate who is proposing to do it.

Run and hide if you like, but don't expect to pull the wool over anybody's eyes except the choir members whose votes are already in McC's pocket. This hypocrisy will not be escaping the undecided independents whose votes can make or break the pubs bid for the White House.
Good one! Thanks for sharing. nm

nm


Good article...thanks for sharing.
.
Good of you to keep an open mind.

Wow! If this isn't mind control I don't know what is...Good Grief! NM
NM
Are there any good books on *the radical terrorist mind*? sm
and whose the author?
He was good natured and he didn't mind making fun of himself...
which is more than O could do.
thanks for sharing, gt
We can't let the truth get covered up by the conservatives.
Thanks for sharing this.
Good article.  I particularly liked what he said about the nature of terrorism.  It always struck me that this administration seemed to view terrorism as some bad guys that we could kill and then it would be all over and done with!!!  Kind of the cowboy mentality. 
Thanks for sharing.

It is nice to get the perspective of someone who wasn't sure and what you looked at to come to your final decision.  I think this election will be very close because of what you just described.....there are people who are still on the fence and not sure.  I personally feel that neither candidate will be able to pull us out of this financial issue fast.  It will take some time....maybe even years. 


Just sharing

http://money.cnn.com/2008/10/13/news/economy/voting_for.moneymag/index.htm?postversion=2008101307


please look at the links below the article


 


Job one: Getting back on track


What you'll pay in taxes


What they'll do to the budget


Your portfolion and your retirement


Paying for your health care


Thanks for sharing, everybody!
I want to thank everyone for sharing these links on this board. I don't have the time to surf the net with my busy life and children, but when I want information, this is the first place I come. I know I can find links and just click on them and get informed. So thank you all for the links!!

Vote McCain! (had to throw that in there)
THANK YOU for sharing this. I have
already emailed it to everyone I know. It should go out to every politician.
thanks for sharing this, Lurker
Kudos to those brave ladies.
Very interesting..thanks for sharing..nm
nm
This is too funny. Thanks for sharing..nm

Too funny! Thanks for sharing!
nm
very nice.. thank you for sharing
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Thanks for sharing. All of this has been mentioned
before.  When one actually looks at the facts, it is hard to believe that there are still people who believe in Barry's false hope and empty promises.  So much for that change he keeps preaching about when him and his advisors are a big part of the current problems we have now.
That was great! Thanks for sharing! nm
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Beautiful !! .. Thank you for sharing.
nm
Thanks for sharing that! I sure couldn't have
nm
Guess not. We're already sharing
the wealth thanks to Bush and his cronies and it won't be any better if McCain is elected.  Probably won't be any better with Obama but I'll take my chance AGAINST McCain.
I have no problem with your not sharing my opinion....
...but do so after being informed. Your remarks make it totally obvious that you are not informed. For NOW it is still America and we do still have the right to speech and opinions.
against wealth redistribution

I am fatigued with more and more of my paycheck going to the stockholders of the company I work for.  My benefits are being taken away, my line count has been "adjusted" several times in the last 10 years to make more profit for the stockholders. Meanwhile, the suits are given astronomical salaries and golden parachutes. 


Second issue.  It is very important to remember that the 3 remaining judges on the Supreme Court who are not conservative will be leaving very soon.  The pres who appoints their replacements will be impacting the nation for the next 30 to 40 years or so.  Think about it.   Can you imagine your 15-year-old granddaughter or great-granddaughter being forced to give birth to a horribly deformed baby because she made a  mistake?  Roe v Wade WILL be overturned if McCain is elected.  The court will be totally pro-corporate interests if mcCain is elected.  This is a much getter consequence that is not getting enough consideration amidst all the slogan throwing.


 


 


I don't really think a redistribution of the wealth
is the answer and don't necessarily agree with it either. What I would like to see though are these corporations, and individuals, that don't fairly pay taxes start paying what they are supposed to. They hide their money in off-shore accounts and redistribute it so they don't have to pay so much. I know that this happens, I started out in accounting in college and we had big long discussions about this. But I didn't have to have a class to know that this happens.
What exactly do you think spread the wealth
xx
I say YES to spreading the wealth

I am happy that FINALLY someone is standing up for the middle class.  I am happy that finally we will be given some tax breaks.  The wealth does NOT trickle down when the tax breaks are given to the upper class/business that fall in that tax bracket.  They do not create more jobs, therefore strengthening the middle class/economy.  What they do is line their pockets and get rich  and then save even more money and get even more tax breaks by sending work overseas and hiring people that will gladly work for way less an hour, therefore driving the value of American jobs down so that the rest of us, who are stuck trying to make it, find a decent paying job, are screwed.  I am voting for Obama and I think he is going to win.


spreading the wealth
no I dont and I dont want to.  But I do know about working my butt off and my husband his.  My husband has lost his job as a finish trim carpenter because of this ecomony.  I also know that since Bush has been in office, our lives have been that much harder.  Prices have gone up on EVERYTHING but our pay has not.  I also know that McCain did nothing but support Bush over the last eight years and only just recently has tried to separate himself from him.  Even McCain has said that he voted 90 percent of the time with Bush.  That is ALL I need to know.  By the way, not everyone who is having a hard time these days are people who refuse to work.  Not everyone that votes for Obama are people that are on welfare.  I have never been on welfare and would never be on welfare.  But unfortunately, the days of just simply working hard and getting ahead are gone.  It is NOT true.  I have been smart with my money, I work hard and I have been responsible with my credit but I cant see where I am getting anywhere. 
"Spread the wealth around"..also known as...
we are penalizing those who have worked hard, make a decent living, pay our bills and don't live above our means so that those who don't or won't do the same can ride our coat tails and not have to be responsible for themselves and feel some sort of entitlement. Some plan, placed squarely on the shoulders of hard working Americans who have done the right thing. Can you say SOCIALIST STATE?
Too bad that redistribution of wealth
won't benefit most of us.....it will benefit the low income people who want to mooch off of the government.  Besides, I still says that the middle class is fair game to Obama.  He will raise our taxes too....you just wait.
Redistribution of wealth...
"Today on my way to lunch I passed a homeless guy with a sign that read "Vote Obama, I need the money." I laughed. Once in the restaurant my server had on a "Obama 08" tie, again I laughed as he had given away his political preference--just imagine the coincidence.

When the bill came I decided not to tip the server and explained to him that I was exploring the Obama redistribution of wealth concept. He stood there in disbelief while I told him that I was going to redistribute his tip to someone who I deemed more in need--the homeless guy outside. The server angrily stormed from my sight.

I went outside, gave the homeless guy $10 and told him to thank the server inside as I've decided he could use the money more. The homeless guy was grateful.

At the end of my rather unscientific redistribution experiment I realized the hom eless guy was grateful for the money he did not earn, but the waiter was pretty angry that I gave away the money he did earn even though the actual recipient deserved money more.

I guess redistribution of wealth is an easier thing to swallow in concept than in practical application."


Redistribution of Wealth

Redistribution of wealth is happening as I write this, except that it's all going to make greedy rich people richer.  Up to a trillion dollars now (and probably growing in the future), the Wall Street crooks are still earning their bonuses.


Why is it okay to redistribute the wealth to the WEALTHIEST while punishing people who are working hard and HONESTLY, just trying to feed their families?


The middle class has been diminishing in this country for a long time now, and it's almost extinct.  I'll never understand why people support rewarding those who are dishonest.


Redistribution of wealth...another way of saying
reparations, just not as blatant.
Redistribution of YOUR Wealth
Obama and Congress will let the Bush tax cuts expire in 2010. That will cost each of us MTs about $1,200 or so a year. He is proposing 3 new separte payroll taxes (new separate deductions) including his own bill now in Congress to "fight WORLD hunger." Sounds nice, but I would rather fight hunger at my house. If you think you are going to get a bunch of free stuff in return for all these new taxes, think again - that stuff will all evaporate after the election but the tax increases will remain, just like with Clinton. I heard last night that 57% of Americans think Republicans now control Congress - and these morons vote - scary.
Yes, need to spread that wealth around. LOL nm

So restribution of wealth

isn't taken away someone's rights even though it penalizes hardworkers by taking their money and giving it to people who don't?  I do believe that is taking away someone rights....the rights to keep the hard earned money that they earned and make their life better because that is what they worked for and we voted for that when we voted in Obama.


They still have the right to be together as a couple.  No one is telling them that they can't go out in public and declare they are a couple, etc.  However, to allow their union and call it marriage is something that many people cannot agree with and they have that right to their opinion and their vote has made that decision.  Marriage is between a man and a woman.  If homosexuals want to be legally bound to each other......call it something else but keep the definition of marriage as a man and woman.


He is already promising redistribution of wealth and he ...
doesn't even have the job yet. That is not a lie. He has campaign commercials about it and he is Barack Obama and he approved that message. Have you read anything about his voting history and the people he has associated with most of his adult life? Of course he is socialist. Way left socialist.

I never said Democrats were socialists. I did say Hillary Clinton was one, and Obama is to the left of her on that particular issue.

You think calling someone a socialist is name calling?
talking about "redistributing the wealth" --
do you not think that is already being done? How about the earned income credit? Why should some people get back $5000-7000 on their taxes, never pay anything in, and all because their income is lower? That is definitely redistributing my wealth!
our government already redistributes the wealth...
I don't know why this is now an issue when it has not been being one - nobody cares about the redistribution of our wealth when tax time rolls around and all these people get thousands and thousands of dollars back from the IRS that they did not pay in, will never pay in, did not earn! Where do you think that money comes from - from us of course.

For example, I have a relative who makes $13.00 an hour but she never pays in a single penny of tax during the year and she gets a rebate of at least $5000 every year because of earned income. That effectively means, she makes $27040 tax free. That $5000 does not go toward income requirements for anything - she still qualifies for any government programs without including that extra $5000 as income.

Wake up people - our wealth has been being redistributed for years!
About all that redistribution of wealth silliness
That would be $1200 to nearly every Alaskan in addition to their already existing $2000 annual rebate. In a nutshell, Palin levied a windfall profit tax against oil companies, then will pay a portion of the revenues out as bonus checks to residents.

One might even suggest that, since Alaska has no state income tax, this was a almost straight redistribution of wealth using higher taxes on the oil companies to redistribute wealth to individuals. It's almost...socialist. Go Gov. Palin!!!
Correct. The *redistribution of wealth* is just that...

those who have gotten their piece of the American Dream are forced to give to those who can't/don't/won't achieve their own American Dream. We are on the way sheeple, wake up and do research, don't take leftist talking points as truth.


I think not. both related to redistribution of wealth...nm

An argument for redistribution of wealth

http://www.taxpolicycenter.org/briefing-book/background/numbers/revenue.cfm


FY 2007


Total tax revenues for FY 2007 are composed of:


1.     Individual income tax                  45%. 


Included in individual income tax category are capital gains taxes, which make up between 4% and 7% of individual income tax revenues and between 2% and 3% of total tax revenues within this category.


2.     Payroll taxes                               35%


Social insurance (Social Security).  Funds used to pay for Federal Old-Age, Survivors, and Disability Insurance, Unemployment Insurance, Temporary Assistance to Needy Families, Medicare/Medicaid, State Children's Health Insurance Program (SCHIP)


Supplemental Security Income (SSI).   Individual's share of this is 17.5%.  


3.     Corporate Income Tax                 15%


4.     Excise Tax                                    3%. 


Essentially a consumer tax on alcohol, cigarettes and gas. 


5.     "Other"                                          2%


 


So, individuals' share of total tax revenues amounts to approximately 65.5%, employers 17.5% and corporations 15% plus the mysterious "other" of 2%.    


 


If you go to the above link and scroll down about halfway, you will find a nifty little chart that shows how much the share corporations paid into total tax revenues has diminshed since 1950.  For example, an early 50s spike on the graph show corporations' share to be approximately 30+%...TWICE AS MUCH AS IT IS NOW.   


 


A couple of other points of interest: 


http://www.sba.gov/ADVO/laws/statement07_0309.html


"…tax compliance costs employers with less than 20 employees a total of $1304 per employee as compared to employers with 500 or more employees which incur $780 per employee to comply with Federal taxes.(6) Put another way, small entities pay 40% more for tax compliance than employers with 500 or more employees.


 


http://www.cbpp.org/8-9-05bud.htm


Center on Budget and Policy Priorities – How Robust was 2001-2007 Economic Expansion?  Figures 1 and 2 will indicate the following information:


 


Based on the 7 economic indicators, Bush years turned in below average growth percentages in every single indicator except for one….CORPORATE PROFITS.  The biggest losers….employment (JOBS) and wages and salaries (PAYCHECKS).   To make this dry economic data a little bit spicier, 2 comparisons have been shown…Bush years against Post WWII averages and Bush years as compared to the 90s decade.  I have run averages on the trough and peak growth comparison data depicted in Figure 2 to come up with the following overall percentages.  Pay special attention to the last 3 items. 


 


1.     Gross Domestic Product (GDP) down 31% from Post WWII average and down 12.85% from the 90s


2.     Consumption down 23.45% from Post WWII average and down 6.25% from the 90s   


3.     Non-residential fixed investment down 40% from Post WWII average and down 58% from the 90s 


4.     Net worth down 16.25% from Post WWII average and down 20.1% from the 90s 


5.     Wages and salaries (PAYCHECKS) down a whopping 55.6% from Post WWII average and down an impressive 40.55% from the 90s


6.     Employment (JOBS) down an amazing 68.65% from Post WWII average and down an impressive 46.65% from the 90s


7.     Corporate profits up 200% above post WWII average and up 126% from the 90s.    


                                  


From where I sit, there is clearly something wrong with this picture.  I will be voting for the candidate who shares this view and plans to restore a more balanced, equitable and FAIR distribution of wealth.  This is not about shifting bucks from one person to another.  This is about corporations whose butts are being bailed out right and left by us Joe Shmoes shouldering more fiscal responsibility toward their shareholders AND toward John Q. Public.  


What pat of redistribution of wealth do you not understand?
THAT is socialism and THAT is what he wants to do. Said so himself. Remember spreading the wealth? C'mon. Admit it. He's a socialist. Fair tax cuts go to EVERYONE. Not the rich to redistribute to those who do not even PAY taxes. THAT is socialism.
He's not lying about redistribution of wealth...
unfortunately. He is wholly committed to that one.
I'm going shopping before O can spread my wealth around! nm

//


No, wait! Not until he spreads enough wealth
nm
O has talked about "spreading the wealth."
That basically means those who have are going to be taxed so that the have nots get more than what they work for.
Obama's redistribution of wealth
I challenge all of you who are making such a big deal about Obama's plan for "redistribution of wealth" to do a little research.  Then come back and talk about it.  It's a matter of where the distribution is to go.  Republicans want it to go to the top i.e. Reagan's "trickle down economics"  and the institution of the earned income tax credit goes to him as well.  Tell me, who has benefited?  Maybe it's about time we go back to trickle up economics....sorta like FDR's "chicken in every pot."  Ya thank????
Once placed in context of unequal distribution of wealth,
So you decided the information here http://en.wikipedia.org/wiki/Distribution_of_wealth. didn't matter? What about here? http://www.realclearmarkets.com/articles/2008/04/the_rich_and_their_taxes.html?

You cannot talk about dollar amounts of tax burden for rich or poor without talking about distribution of wealth. Economics 101. There is a reason they pay higher percentages of total revenues. Some of them make 345 times more money than the average mean income in the US, for starters.

This is the kind of thinking that will drive JM/SP to certain defeat in November. Do you not understand how out of touch this issue is with the mainstream?

The explanation you gave for the $6 billion tax you claim O would impose on small businesses is now applied to an entirely different context. The trillion dollar boondoggle still remains the descent from $559 billion suplus inherited from BC to the $400 billion dollar deficit we have after Bush's economic policies and war. BTW, lest we forget, JM voted to support 90% of these plans.

Sam, do not expect the American public will have this same short attention span you demonstrate on these issues or that the spell the NeoCons and femocons seem to be under in never-never land has been cast over the rest of us "lower brackets" with the economy in free-fall and no end in sight.