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Old 04-30-2009, 03:50 AM
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chunksmediocrites chunksmediocrites is offline
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Join Date: Dec 2007
Location: Portland Oregon USA
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Default Re: Yo, top 1%: shut the fuck up

Quote:
Originally Posted by ChuckF View Post
Yes indeed. Beleaguered and besieged Liz Peek should offer public tours of the Peek manse, just to demonstrate the extent of sacrifice to the unconvinced. And the teabaggers who think a 39% top marginal rate for the top 1% is punitive and redistributive and socialist would get to see what they're protecting. (Actually I have no idea what the teabaggers are protesting. Does anyone?)
39% top marginal rate? The thing is the top 1% last I heard made roughly 85% of their income off of capital gains, which is (has Obama actually increased it to 20% yet?) taxed at 15%; this is why Warren Buffett paid only 19% of his income in taxes a few years ago.

The teabaggers are protesting taxation, duh. That's their treasure and hard work being taken by marxist redistributionists to give to welfare queens and gay people and drug addicts. Taxing rich people means everybody gets poorer, especially since rich people warned that if they get taxed more, they won't have the largess to contribute to their charitable causes. Not taxing rich people means rich people can create more wealth and everybody gets richer, and people work harder because they get to keep all their sheckels. This will create millions of millionaires, unlike taxation which is basically just a giant Ponzi scheme. The tax cuts for everyone making less than 250k and higher taxation under St. Reagan is of course not to be discussed here.
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