Obama: People who earn more are merely "Society's lottery winners"

[SassyIrishLass]

And the bottom 47% of wage earners pay no tax whatsover. Who is the real moocher in this story, Nuitjobber?

Of course they do.....Social Security, State, Local and sales tax
In all, they pay a higher percentage of their income than the one percent

You're so full of shit

Prove him wrong. Oh....you can't.

He was proven wrong about three comments down....dumb ass

They cant read a simple sentence, much less follow an argument.

That 1% asshole is nothing but an annoyance

 

[Mac1958]

"You are merely one of society's lottery winners" falls under the same category as "you didn't build that" and "you didn't earn that".

It essentially means "you only own that which we approve".

.

 

[rightwinger]

Yeah but thats now how they roll. They want to use government to force people to do what they want. Dont approve of gay marriage? Fuck you. We'll make you bake that cake. Like guns? fuck you, we'll take them from you. Dont want your kids learning that Reagan was an evil war monger? Fuck you, they'll learn what we tell them.
Democrats: the party of Fuck you.

Afraid of the truth?

Why would someone that owns a bakery NOT want to have Gay people as customers. Religious superstition?

Gay couples have more spendable income!

Gay people earn more owe less - Dec. 6 2012

Here's the thing: IT's none of your fucking business why they dont want to cater gay weddings. It's their property, their business, and they can do what they want.

"We don't serve negroes here"

"yawn", Same ole nutjobber.

We reserve the right to refuse to serve anyone

 

[OnePercenter]

[

Maybe they want to eat. Have you noticed the price of food? As a multimillionaire, I have no problem affording food. As a matter of fact, I'm on the Rush Limbaugh diet plan (without the illegal drugs)......Private Chefs.

The best way for anybody to stay out of poverty is to not elect Left Wingers that have no idea how to produce an economy with jobs.

Instead the shitheads elect idiots like Obama that promises to give them free stuff (paaid for by other people) and then they wonder why the poverty rate is increasing and family income is decreasing.

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

 

[The Rabbi]

[

Maybe they want to eat. Have you noticed the price of food? As a multimillionaire, I have no problem affording food. As a matter of fact, I'm on the Rush Limbaugh diet plan (without the illegal drugs)......Private Chefs.

The best way for anybody to stay out of poverty is to not elect Left Wingers that have no idea how to produce an economy with jobs.

Instead the shitheads elect idiots like Obama that promises to give them free stuff (paaid for by other people) and then they wonder why the poverty rate is increasing and family income is decreasing.

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

Dumbshit. The middle class was making more under Bush. They were making mroe the day Bush left office.
Remind me how you have a masters in business again.

 

[RKMBrown]

The 47% pay a higher effective tax rate than the one percent

The group you complain about controls only 2 TENTHS of a percent of our nations wealth yet you complain that they are not taxed enough

Meanwhile, the one percent pay the lowest tax rate in 80 years

And the bottom 47% of wage earners pay no tax whatsover. Who is the real moocher in this story, Nuitjobber?

They don't make enough money....A Republican accomplishment.

As was the Republican accomplishment to cut taxes on that 47% so they could justify more tax cuts for the wealthy

See? We cut taxes on poor people too.........now they want to take back those cuts on the poor

The tax cuts on the rich already expired. Try to keep up.

 

[rightwinger]

[

Maybe they want to eat. Have you noticed the price of food? As a multimillionaire, I have no problem affording food. As a matter of fact, I'm on the Rush Limbaugh diet plan (without the illegal drugs)......Private Chefs.

The best way for anybody to stay out of poverty is to not elect Left Wingers that have no idea how to produce an economy with jobs.

Instead the shitheads elect idiots like Obama that promises to give them free stuff (paaid for by other people) and then they wonder why the poverty rate is increasing and family income is decreasing.

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

Dumbshit. The middle class was making more under Bush. They were making mroe the day Bush left office.
Remind me how you have a masters in business again.

They were making more under Clinton

Reaganomics has been kicking in for 30 years

 

[rightwinger]

The 47% pay a higher effective tax rate than the one percent

The group you complain about controls only 2 TENTHS of a percent of our nations wealth yet you complain that they are not taxed enough

Meanwhile, the one percent pay the lowest tax rate in 80 years

And the bottom 47% of wage earners pay no tax whatsover. Who is the real moocher in this story, Nuitjobber?

They don't make enough money....A Republican accomplishment.

As was the Republican accomplishment to cut taxes on that 47% so they could justify more tax cuts for the wealthy

See? We cut taxes on poor people too.........now they want to take back those cuts on the poor

Hey moron, the tax cuts on the rich already expired.

So now you want to take back tax cuts on the poor?

 

[RKMBrown]

The 47% pay a higher effective tax rate than the one percent

The group you complain about controls only 2 TENTHS of a percent of our nations wealth yet you complain that they are not taxed enough

Meanwhile, the one percent pay the lowest tax rate in 80 years

And the bottom 47% of wage earners pay no tax whatsover. Who is the real moocher in this story, Nuitjobber?

They don't make enough money....A Republican accomplishment.

As was the Republican accomplishment to cut taxes on that 47% so they could justify more tax cuts for the wealthy

See? We cut taxes on poor people too.........now they want to take back those cuts on the poor

Hey moron, the tax cuts on the rich already expired.

So now you want to take back tax cuts on the poor?

Take back? They were never permanent. You democrats made sure of that. Were you born this way, or did someone drop you on your haid

 

[francoHFW]

[

Maybe they want to eat. Have you noticed the price of food? As a multimillionaire, I have no problem affording food. As a matter of fact, I'm on the Rush Limbaugh diet plan (without the illegal drugs)......Private Chefs.

The best way for anybody to stay out of poverty is to not elect Left Wingers that have no idea how to produce an economy with jobs.

Instead the shitheads elect idiots like Obama that promises to give them free stuff (paaid for by other people) and then they wonder why the poverty rate is increasing and family income is decreasing.

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

Dumbshit. The middle class was making more under Bush. They were making mroe the day Bush left office.
Remind me how you have a masters in business again.

BS, hater dupe. And thanks for the GD corrupt GOP bubble/bust/scandal AGAIN.

The Demise of the American Middle Class In Numbers.
Over the past 30 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = http://2.bp.blogspot.com/_Zh1bveXc8rA/SuddUhLWUaI/AAAAAAAAA7M/iU2gefk317M/s1600-h/Clipboard01.jpg
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[francoHFW]

Facts are SUCH a problem for hater dupes...

 

[Flash]

[

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

Yea right.

Since Obama has become President and the Democrats controlled both houses of the Congress for four years and the Senate for six years the poverty rate has increased, the welfare rolls increased and family income decreased.

You can blame Obama's failure on anybody you want because you are unwilling to take responsibility for the failure you elected because we have come to expect that kind of cowardice from the Moon Bats.

 

[Toro]

He was referring to the hedge fund loophole. That's it. You know an Acorn thread will have some sort of lie in the OP.

Nothing new here.

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

 

[rightwinger]

He was referring to the hedge fund loophole. That's it. You know an Acorn thread will have some sort of lie in the OP.

Nothing new here.

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

 

[francoHFW]

[

Middle class workers making less is a Republican/corporate America accomplishment.

Every ill that effects/affects the middle class today can be directly shown as a Republican fail.

Yea right.

Since Obama has become President and the Democrats controlled both houses of the Congress for four years and the Senate for six years the poverty rate has increased, the welfare rolls increased and family income decreased.

You can blame Obama's failure on anybody you want because you are unwilling to take responsibility for the failure you elected because we have come to expect that kind of cowardice from the Moon Bats.

ACTUALLY, the nonrich and the country have been going to hell since Reagan turned over the economy to the rich duh. TRICKLE DOWN DOESN'T WORK. ACA will help some, but the mindlessly obstructionist GOP has to be tossed to get anywhere...

The Demise of the American Middle Class In Numbers.
Over the past 30 years the American dream has gradually disappeared. The process was slow, so most people didn’t notice. They just worked a few more hours, borrowed a little more and cut back on non-essentials. But looking at the numbers and comparing them over long time periods, it is obvious that things have changed drastically. Here are the details:
1. WORKERS PRODUCE MORE BUT THE GAINS GO TO BUSINESS.
Over the past 63 years worker productivity has grown by 2.0% per year.
But after 1980, workers received a smaller share every year. Labor’s share of income (1992 = 100%):
1950 = 101%
1960 = 105%
1970 = 105%
1980 = 105% – Reagan
1990 = 100%
2000 = 96%
2007 = 92%
A 13% drop since 1980
2. THE TOP 10% GET A LARGER SHARE.
Share of National Income going to Top 10%:
1950 = 35%
1960 = 34%
1970 = 34%
1980 = 34% – Reagan
1990 = 40%
2000 = 47%
2007 = 50%
An increase of 16% since Reagan.
3. WORKERS COMPENSATED FOR THE LOSS OF INCOME BY SPENDING THEIR SAVINGS.
The savings Rose up to Reagan and fell during and after.
1950 = 6.0%
1960 = 7.0%
1970 = 8.5%
1980 = 10.0% – Reagan
1982 = 11.2% – Peak
1990 = 7.0%
2000 = 2.0%
2006 = -1.1% (Negative = withdrawing from savings)
A 12.3% drop after Reagan.
4. WORKERS ALSO BORROWED TO MAKE UP FOR THE LOSS.
Household Debt as percentage of GDP:
1965 = 46%
1970 = 45%
1980 = 50% – Reagan
1990 = 61%
2000 = 69%
2007 = 95%
A 45% increase after 1980.
5. SO THE GAP BETWEEN THE RICHEST AND THE POOREST HAS GROWN.
Gap Between the Share of Capital Income earned by the top 1%
and the bottom 80%:
1980 = 10%
2003 = 56%
A 5.6 times increase.
6. AND THE AMERICAN DREAM IS GONE.
The Probably of Moving Up from the Bottom 40% to the Top 40%:
1945 = 12%
1958 = 6%
1990 = 3%
2000 = 2%
A 10% Decrease.
Links:
1 = ftp://ftp.bls.gov/pub/special.requests/pf/totalf1.txt
1 = https://www.clevelandfed.org/Research/PolicyDis/No7Nov04.pdf
1 = http://2.bp.blogspot.com/_Zh1bveXc8rA/SuddUhLWUaI/AAAAAAAAA7M/iU2gefk317M/s1600-h/Clipboard01.jpg
2 – http://www.whitehouse.gov/omb/blog/09/04/27/CongratulationstoEmmanuelSaez/
3 = http://www.demos.org/inequality/images/charts/uspersonalsaving_thumb.gif
3 = http://www.bea.gov/national/nipaweb/TableView.asp?SelectedTable=58&Freq=Qtr&FirstYear=2008&LastYear=2010
4 = http://www.prudentbear.com/index.php/household-sector-debt-of-gdp
4 = http://www.federalreserve.gov/releases/z1/current/
5/6 = http://www.businessinsider.com/15-charts-about-wealth-and-inequality-in-america-2010-4?slop=1#slideshow-start
Overview = http://www.ourfuture.org/blog-entry/2010062415/reagan-revolution-home-roost-charts

 

[RKMBrown]

He was referring to the hedge fund loophole. That's it. You know an Acorn thread will have some sort of lie in the OP.

Nothing new here.

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

What if I have no income... and just live off billions in accumulated assets.

 

[Ravi]

He was referring to the hedge fund loophole. That's it. You know an Acorn thread will have some sort of lie in the OP.

Nothing new here.

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

What if I have no income... and just live off billions in accumulated assets.

Then you get to be in the group deemed lottery winners.

 

[RKMBrown]

He was referring to the hedge fund loophole. That's it. You know an Acorn thread will have some sort of lie in the OP.

Nothing new here.

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

What if I have no income... and just live off billions in accumulated assets.

Then you get to be in the group deemed lottery winners.

But lottery winners pay the highest tax rate of all groups.

 

[Ravi]

Yep.

"The top rate for wage earners is 43.4 percent. Many investment managers pay taxes at a 23.8 percent top rate, because their gains are counted differently in the tax code."

Obama Attacks Carried Interest Again to Shrugs in Congress - Bloomberg Politics

But the nutters on this thread think it is A OK to charge different people different tax rates.

I think carried interest should not be taxed as capital gains. Because, well, it's NOT capital gains and shouldn't be taxed as such.

But Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

All income should be taxed the same

If anything, income earned from hard work should be taxed at a lower rate

What if I have no income... and just live off billions in accumulated assets.

Then you get to be in the group deemed lottery winners.

But lottery winners pay the highest tax rate of all groups.

Not really. They get taxed at the same rate as working people. The analogy was more that lottery winners get something through dumb luck.

But you are correct, if you are simply living off of your assets and not earning income, you won't have to pay taxes.

 

[Mac1958]

Obama reinforces the perception that Democrats think that success comes from luck, not hard work.

Yep.

"You didn't earn that, you didn't build that, therefore you don't own that."

.