The Israel Deception

Is the return of Israel in the 20th century truly a work of God, or is it a result of a cosmic chess move to deceive the elect by the adversary?

Showing posts with label tax the rich. Show all posts
Showing posts with label tax the rich. Show all posts

Saturday, May 2, 2015

Remember when Soros and Buffett wanted the rich to be taxed more? Fooled you!

Remember a few years back when billionaire Warren Buffett attempted to sound humanitarian and declare that he and others who live in the 1% penthouse should pay more in taxes?  Or when George Soros in an interview back in 2012 stated that Republicans were protecting the rich under the ‘Buffett Rule’ and he would be more than happy to pay his fair share of annual revenues?  Well, it appears that both have lied and fooled the brain dead sheeple as on April 30, Soros was discovered to have used a loophole in the tax rules to that helped him defer taxable income to the tune of $13.3 billion, in which he owes nearly 40% of that to the Federal government by 2017.


Read more on this article here...

Monday, October 15, 2012

Government bailouts and Fed QE is solely about creating more wealth for the rich

Those animated bears are back, and this time they are breaking down how the government bailouts, along with Federal Reserve QE policies, are solely about making more money for the rich.  It is greed, theft, and a destruction of the American monetary system at its finest, while Uncle Sam simply keeps the bread and circuses of welfare and entertainment flowing to dull people from ever seeing the destruction.





This animation shows pure and simple that the credit crisis, trillion dollar bailouts, Federal Reserve actions are built to enhance the rich and major corporations, keep people spending money they don't have, and drain the last vestiges of true wealth from the economy and American capitol.

Tax the rich?  Like the meager fines placed on big banks for theri billion dollar fraud schemes, people like Warren Buffet are happy to pay a few million in a PR move to hide the fact he earned billions of of your taxes.

Thursday, September 20, 2012

Republicans create political stunt by passing their own Buffett Rule tax scheme

On Sept. 20, the Republican led House of Representatives passed what was in essence a political stunt, by countering President Obama's 'tax the rich' debate with their own Buffett Rule legislation.  In the House bill, rich people like Warren Buffett, who have publically stated that the rich, including themselves, do not pay enough in taxes, could voluntarily give more money to the Federal government to help offset the deficit.

Photo courtesy of United Liberty.org
The House on Wednesday passed Republicans' own version of the Buffett Rule, which allows wealthy Americans to voluntarily pony up to reduce the deficit.

The bill, labeled the Buffett Rule Act, passed by voice vote, meaning Democrats and Republicans agreed with it. Under the legislation, which would still need Senate approval, taxpayers could check a box on their taxes and send in a check for more than they owe to the IRS.

"If Warren Buffett and others like him truly feel they're not paying enough in taxes, they can use the Buffett Rule Act to put their money where their mouth is and voluntarily send in more to pay down the national debt, rather than changing the entire tax code to inflict more job-killing tax hikes on hard-working Americans," said Rep. Steve Scalise, the Louisiana Republican who wrote the bill. - Washington Times

The ironic thing however, and why this is more of a political stunt by Republicans during an election year, is that people already have the choice to give more in tax revenues to the government, through voluntary means, or by limiting deductions they could legally take on their returns.

At the core of the division between the rich and the 99%ers, is that many of the rich and powerful want the tax code to keep out new Americans from entering their segregated domain, thus limiting the elite club that runs the country from the back rooms and corporations.  For the poor, and those 50%  who are dependant upon government handouts for their daily subsistance, the gibsmedat mentality will always overshadow the drive to work smarter and harder, and to use the system millions of others have used in our history to accumulate wealth, and better their lots in life.

Wednesday, April 11, 2012

Tax raising by the government will not increase revenues but only lower GDP

Professor Antony Davies is back, and brings logic and facts to the ongoing debate over tax the rich economics.  In his easily followed video, the economic model in America validates that raising or lowering taxes increases the amount of revenue the government receives only slightly, whether the rich are taxed the current 35%, or the 90% they were stifled with just 60 years ago.


Picture courtesy of Progressive Think.com

However, what does change is economic growth, and the amount of money the worker has to improve their standard of living.  By decreasing overall GDP and growth when you tax corporations and the rich who actually create jobs, the PERCENT of revenues by the government remains the same, while actual revenue itself decreases.  Subsequently, the opposite happens when you lower taxes, as GDP growth creates a larger pie for the government to receive more money.



So you see, the argument that Obama, Buffett, and all other Marxist/Socialist/Progressives make when calling for higher taxes on the rich, is simply a process of class warfare and NOT a means to increase revenues to balance the budget, or lower the deficit.

In the scope of progressivism and marxism, it isn't about raising up people to be equal, but about bringing everyone else equally down.  Equal and poor, not equal and wealthy.

Friday, January 13, 2012

California's Governor 'Obama Light' ready to raise taxes again

Since Governor Jerry Brown took office, the state of California's economy has improved little, and in fact, has continued to lose jobs, income, and GDP.

Of course, for a progressive liberal like the 'moonbeam', the answer is not in changing the regulatory state of California, or lower taxes to attract businesses, but his answer is like another well known Progressive in America:  raise taxes on the rich.

Thus, Jerry Brown is simply 'Obama light', and his lack of economic intelligence runs the gambit of every other Keynesian progressive who can't keep his budget within his means.

California has more folks on food stamps than any other state, has added so many benefits and higher rates to Medicaid that we call it "Medi-Cal." Our K-12 schools have more administrators than teachers, and smaller classes but lower test scores and higher dropout rates with twice the per-student budget of 15 years ago. Good job, Brownie.

This week, the once and current Gov. Jerry "Moonbeam" Brown had to confess that the "balanced" state budget adopted five months ago was billions in the red because actual tax revenues were billions lower than the airy-fairy revenue estimates on which the balance was predicated.
Brown's proposal would add 2% for income over $250,000. A million-dollar income would then be taxed at 12.3%. And that's just for the state.

Brown also proposed a one-half-cent sales tax increase, which would bring sales taxes (which vary by county) to 7.75% to 10%. Both tax increases would be on the ballot in 2012. -
Human Events

Monday, October 31, 2011

The 10 major reasons why the elite hold disdain for the common man

The Economic Collapse blog did a wonderful comparison of 10 reasons why the 1%ers have a such a disdain and disgust for the other 99% of Americans.  The following stories, topics, and links show that underlying riots taking place with the Tea Party and Occupy groups are not simply fly by night affiars, but a growing schism that will not end quickly.

#1 According to an article in The New York Times, poor families that lost their homes to foreclosure were openly mocked during a Halloween party thrown by the law firm of Steven J. Baum. This particular law firm represents many of the largest mortgage lenders in the United States....
#2 To many on Wall Street, the OWS protests are one big joke. In fact, Wall Street executives have been spotted sipping champagne while watching the Occupy Wall Street protests from their balconies.

#3 In response to the Occupy Chicago protests, signs were put up in the windows of the building where the Chicago Board of Trade is located that spelled out this sentence: "We Are The 1%".
#4 Many columnists for major financial publications have had no fear of mocking the Occupy Wall Street protesters.

 
#5 Instead of attempting a balanced report on the Occupy Wall Street protests, Erin Burnett of CNN openly made fun of them during a recent broadcast. After being a stalwart on CNBC for so many years, Burnett has very close ties to Wall Street and apparently she does not like anyone criticizing her friends. You can see video of Burnett mocking the Occupy Wall Street movement right here.

#6 Barack Obama continues to mock the poor by telling them to cut back on vacations and little luxuries like going out to eat while at the same time sending his own family out on incredibly expensive vacations.

#7 Republican presidential candidate Herman Cain recently declared that anyone that is unemployed or poor in America should only blame themselves....
 
#8 Sometimes our politicians are so insensitive that it is almost hard to believe. In an interview with George Stephanopoulos of ABC News while she was still the Speaker of the House, Nancy Pelosi stated that we need poor people to have less children because it costs the government so much money to take care of them....
#9 Warren Buffett has some interesting observations on class warfare. He is one of the few wealthy Americans that is willing to say what everyone else is thinking. Back in 2006, Buffett was quoted as saying the following in an article in The New York Times....
“There’s class warfare, all right,” Mr. Buffett said, “but it’s my class, the rich class, that’s making war, and we’re winning.”
#10 Every single day, our "representatives" in Washington D.C. are living the high life at our expense. It is amazing that out of the entire population of the United States, we continue to overwhelming elect rich people to Congress. As I noted in a recent article, more than half of all the members of Congress are millionaires, and the median wealth of a U.S. Senator in 2009 was 2.38 million dollars.- The Economic Collapse

Thursday, October 27, 2011

Peter Schiff vs Occupy Wall Street: A story of logic against ignorance

One of the biggest arguments agains the Occupy Wall Street protesters is that they scream and yell and when interviewed, have no solutions beyond the chanting of marxist slogans.  "Tax the rich" "Take from the rich" "Pay their fair share" etc...

But in the end, not only do they have no solutions, they are extremely ignorant of how the system works, and as Peter Schiff proves in an interview yesterday with members of Occupy Wall Street, most of them are simply looking to blame everyone else for their failed lives or failed businesses.



(Courtesy of Obamaworstpotusever)

The quote of the day by Peter Schiff... How many people do YOU employ?  And of course, the answer was a resounding silence.

Thursday, October 20, 2011

Tax the rich until they are penniless... and it still wouldn't cover the budget for 1 year

Class warfare has little to do with revenue collection, but more with political and Machavellian doctrines.  Our politicians in Washington, especially liberals like Harry Reid, Nancy Pelost, and Barack Obama who are advocating a tax the rich scheme to pay for their social programs have done little, zip, nada research to see just exactly what would happen if we taxes and even confiscated the wealth of the rich in America.

Even the poor people of the Occupy Wall Street revolution, who themselves are being fed gourmet food in New York City, do not have a clue as to what they are protesting against.

This fantastic video shows just how inane the argument is, and that the reality of the situation isn't a revenue problem, but a spending problem in Washington.

Monday, September 26, 2011

Tax rich liberals... in fact, they WANT you too!

Michael Savage poignantly said that liberalism is a mental disorder, and judging by the statemens of two rich liberal supporters of President Obama, by gods he is right!

"Would you please raise my taxes?"

Oh, liberals gushed when a rich audience member asked Obama that question today. It seems relevant to point out that this rich liberal is Doug Edwards from the Obama-friendly and regulation-friendly Google.
Edwards has given $300,000 to politicians since 2000 -- every single dime to Democrats. He specifically said he wanted his higher taxes to cover Pell Grants.

That's about 60 Pell Grants he could have provided. - Timothy Carney, Washington Examiner


I dont know about you ladies and gentlemen, but I say BULLY!  Lets tax rich liberals!  Not only do people like Warren Buffet and Doug Edwards advocate it, they are volunteering!