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

[BluesLegend]

This current President is a lifelong Entitlement Moocher himself. He's never done anything for himself. He certainly never ran his own business. So it's no surprise he has the typical Entitlement Moocher mentality.

"Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, it's inherent virtue is the sharing of misery." - Sir Winston Churchill

You nailed it. I don't need the opinion of some loser mooch like Obama, the guys resume is a joke.

 

[Uncensored2008]

This stuff shouldn't surprise anyone. He is the 'Entitlement Moocher President.' Sadly, he's promoting a creed of miserable failure. "You didn't build that" sends all the wrong messages. He's helping condemn his People to permanent ghetto-class status. It is very sad.

That is his goal, and the goal of the left in general. A dependent population who beg for scraps from the ruling 1% is the agenda of the left. The attack Obama is launching is aimed squarely at the middle, to keep the middle from accumulating enough wealth to infringe on the elite.

 

[Cecilie1200]

Thank god for ignore. Don't think I could take franco's moronic blabbering.

I just scroll past him. Frankly, he's not even worth the notice it would require for me to go in and ignore him.

 

[Ravi]

And once again, Eunuch2008 talks out of his ass.

I understand, you feel cheated by your defective brain. You were born stupid, and others who have normal or above intelligence are just "lucky."

Rati, in all seriousness, if you would attempt to reason, you wouldn't be mocked the way you are. You make astoundingly stupid claims and have no ability to draw a reasoned conclusion from presented data. Yes, you're hyper-partisan and spew all the idiotic shit from the Soros hate sites. But face reality, you're a fucking retard.

hahahaha! Your post actually backs up what I've said. I am extremely lucky to have been born into an intelligent family and also lucked out in that the smart gene was passed down to moi.

You on the other hand are very unlucky to have been born with an extremely low IQ and the only skill that you enjoy is being able to post drivel on a message board.

 

[Cecilie1200]

President Obama referred yesterday to the wealthy as "society's lottery winners", as though the only reason they were wealthy is because they got lucky one time. No mention of years of training, hard work, risks, 20-hour workdays, failure, recovery, and eventual success.

It's just more of the same attempt to pretend there's nothing wrong with taking they money and resources from those who earned them.

Private people who do this are called "thieves", and are prosecuted and jailed as they deserve.

Public people who do the same are called "liberals", and are immune from the prosecution and jail terms they deserve.

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Keying on poverty Obama suggests high earners hit lottery

Keying on poverty, Obama suggests high earners hit 'lottery'

By Angela Greiling Keane BLOOMBERG NEWS
Updated today at 4:03 a.m.

WASHINGTON -- Unless Democrats and Republicans can agree to raise taxes on the earnings of hedge-fund and private-equity managers, there is little chance the nation can make a meaningful dent in poverty, President Barack Obama said Tuesday.

Obama, whose long-standing proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation's wealthiest pitch in as more and more Americans are falling behind.

"If I were able to close that loophole, I'd be able to invest in early-childhood education," Obama said Tuesday. "If we can't ask from society's lottery winners to make that modest investment, then really this conversation is for show."

The president has often said the wealthiest Americans must make sacrifices to better life for poorer people. In addition to urging higher taxes for investment managers, he questioned whether the pay of some corporate chief executives is justified.

If you look at Obama's speech, he's clearly referring to wealthiest people in the country, such as hedge fund mangers making over 400 million a year, the Bill Gates, and Warren Buffets. All these people point to the amazing luck they had at some point in their career. However, the greatest stroke of luck was being born into a wealthy or an upper middle class family. The 10 wealthiest people in the country, with a combined net worth of a half trillion dollars all had sizable inheritances, no rags to richest story here.

I think Obama was also referring to people like Christy Walton, heir to the Walton billions who never held a job in her life life, Laurene Powell Jobs who lives off her 21 billion dollar Apple and Disney inheritance, or Blair Parry-Okeden who lives off her 8.4 billion inheritance in Cox Enterprises.

Even assuming that's true - and that's a BIG assumption - Neither Bill Gates nor Warren Buffet is a "lottery winner". They got rich through hard work. The kind of "good luck" they had is where you work your ass off and prepare for success so that you're ready to pounce when opportunity comes knocking. It's not very lucky at all to have opportunity on your porch when you have no way of capitalizing on it.

And as much as you'd like to confine Obama's remarks to your own personal envy hobby horse, he didn't do so, so it's not going to fly.

 

[Cecilie1200]

Bush had such grand plans for his presidency. After 9-11 he had unprecidented support to do what he thought necessary. He envisioned himself as one of the great presidents as he re shaped the Islamic world

Unfortunately, his easy invasions and conversions to democracy turned into disasters and his tax cuts which were going to lead to massive job growth and prosperity resulted in an economic collapse

I heard the invasion of the Crimea and the Rwanda slaughter were also things he did.

He did enough damage as it was

He produced the worst economic growth in a recovery in post war history, allowed radical Islamic groups to take over large swathes of the Middle East, and encouraged Russia and China to expand their empires.
Oh wait, that's Obama.

Lets not forget the trillions in debt, the poverty rate rising, the welfare rolls increasing, family income decreasing and the gap between the rich and the poor getting worse because Obama has systematically destroyed the middle class with his stupid redistribution of wealth ideas.

But all of those things were Bush's fault. Hell, Obamacare was Bush's fault. ISIS is Bush's fault. Everything in the world bad that happened must be Bush's fault. It's like Obama stumbled into the White House and was surprised to discover he's been president for 7 years. He didnt even read aboutit in the newspapers.

Wouldn't you have thought someone would have gotten around to telling him? I mean, his secretary could have left a Post-It on his chair or something.

 

[Cecilie1200]

President Obama referred yesterday to the wealthy as "society's lottery winners", as though the only reason they were wealthy is because they got lucky one time. No mention of years of training, hard work, risks, 20-hour workdays, failure, recovery, and eventual success.

It's just more of the same attempt to pretend there's nothing wrong with taking they money and resources from those who earned them.

Private people who do this are called "thieves", and are prosecuted and jailed as they deserve.

Public people who do the same are called "liberals", and are immune from the prosecution and jail terms they deserve.

--------------------------------------------------

Keying on poverty Obama suggests high earners hit lottery

Keying on poverty, Obama suggests high earners hit 'lottery'

By Angela Greiling Keane BLOOMBERG NEWS
Updated today at 4:03 a.m.

WASHINGTON -- Unless Democrats and Republicans can agree to raise taxes on the earnings of hedge-fund and private-equity managers, there is little chance the nation can make a meaningful dent in poverty, President Barack Obama said Tuesday.

Obama, whose long-standing proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation's wealthiest pitch in as more and more Americans are falling behind.

"If I were able to close that loophole, I'd be able to invest in early-childhood education," Obama said Tuesday. "If we can't ask from society's lottery winners to make that modest investment, then really this conversation is for show."

The president has often said the wealthiest Americans must make sacrifices to better life for poorer people. In addition to urging higher taxes for investment managers, he questioned whether the pay of some corporate chief executives is justified.

If you look at Obama's speech, he's clearly referring to wealthiest people in the country, such as hedge fund mangers making over 400 million a year, the Bill Gates, and Warren Buffets. All these people point to the amazing luck they had at some point in their career. However, the greatest stroke of luck was being born into a wealthy or an upper middle class family. The 10 wealthiest people in the country, with a combined net worth of a half trillion dollars all had sizable inheritances, no rags to richest story here.

I think Obama was also referring to people like Christy Walton, heir to the Walton billions who never held a job in her life life, Laurene Powell Jobs who lives off her 21 billion dollar Apple and Disney inheritance, or Blair Parry-Okeden who lives off her 8.4 billion inheritance in Cox Enterprises.

He isnt clearly referring to any of those, flapjaw. He is referring to people who built fortunes on their own. Of course in his telling there is no such thing. In the Left's view no one actually got rich on his own. Everyone merely was in the right place at the right time. Ergo their money isnt really theirs but belongs to "society", i.e. the federal government. Thus 100% taxation rates are always on the table.

Yes, he was referring to the very wealthy speaking of CEO's making 1000 to 2000 times commonly accepted salaries and hedge fund managers making 400 million plus a year.

Proof?
No, he was speaking about anyone who owned, started, and built a business and created wealth that way.

For all that he used hedge fund managers as an example, his remarks and context make it clear that he was referring to anyone who pays capital gains taxes, and in a broader sense, anyone who has "more money than you or your family can ever use".

It should be disturbing to everyone that the President considers the mere possessing of money to be a "loophole" that needs to be "closed".

 

[Uncensored2008]

hahahaha! Your post actually backs up what I've said. I am extremely lucky to have been born into an intelligent family and also lucked out in that the smart gene was passed down to moi.

You on the other hand are very unlucky to have been born with an extremely low IQ and the only skill that you enjoy is being able to post drivel on a message board.

The smart gene...

Yeah, that's why you have to use your own sock to thank your moronic posts.....

 

[rightwinger]

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.

It's great being wealthy isn't it

always has been, always will be. Its life, deal with it.

Thats what I am proposing we do....deal with it

To start, stop economic policies whose sole purpose is to enhance the wealth of the one percent and ensure they can maintain it

 

[rightwinger]

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.

It's great being wealthy isn't it

It is when being wealthy is one of the "protected" classes. The States with sales and property taxes seem to have figured out a way to make taxes fair. Just saying...

There is always "The Golden Rule"
He who has the gold, makes the rules

The wealthy have the political power and economic flexibility to minimize their tax burden regardless of what we do

people like Soros and the Clintons? Are you so stupid that you don't realize that there are more rich democrats and liberals than republicans and conservatives? Are you that stupid, RW?

Smart enough to realize that those wealthy democrats are supporting programs to help working Americans and increase their own tax

Meanwhile, wealthy republicans do everything they can to cut back programs for the poor and protect their own wealth

 

[Uncensored2008]

Even assuming that's true - and that's a BIG assumption - Neither Bill Gates nor Warren Buffet is a "lottery winner". They got rich through hard work. The kind of "good luck" they had is where you work your ass off and prepare for success so that you're ready to pounce when opportunity comes knocking. It's not very lucky at all to have opportunity on your porch when you have no way of capitalizing on it.

And as much as you'd like to confine Obama's remarks to your own personal envy hobby horse, he didn't do so, so it's not going to fly.

Bill Gates is an interesting man. He is extremely smart and has a solid grasp of business. Still, a big chunk of his success is actually a matter of luck. His presence at a time when small entrepreneurs had a massive impact on the world really was a matter of luck. There was a window from 1976 to 1982 that what Gates and Allen did was possible. Gates was also lucky that the group from Digital Research were a bunch of arrogant pricks. If DR had not blown off IBM to take a vacation, Paul Allen would have never "appropriated" DOS, Gates would not have convinced IBM to invest, and there would be no Microsoft.

Many events converged to bring about Microsoft - but Gates himself is one of those critical events. Put Rati in the exact situation at the exact time Gates was in, and she would STILL be collecting SNAP, rather than a billionaire....

 

[Cecilie1200]

[

Yes, he was referring to the very wealthy speaking of CEO's making 1000 to 2000 times commonly accepted salaries and hedge fund managers making 400 million plus a year.

Who cares what other people make?

You are not greedy and envious of other people are you?

If you want to make a CEO salary then be a CEO.

In the meantime stop your bitching. It ain't cool.

It depends on how they make it. Asset buys IMO are criminal. Laying off people instead of finding additional revenue streams IMO are criminal. Designing and engineering crap, then blaming workers IMO is criminal.

And there you have it. "Doing anything I don't like, or that I've been bullshitted about so that I don't like it, should be criminalized."

 

[Cecilie1200]

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

I don't think anyone's ever said they didn't want gays as customers at all. I think they just don't want to be involved in their "weddings".

Either way, what's it to you? If they dislike associating with homosexuals so much they're willing to take a revenue hit to avoid it, why in the hell would you want to force them to do otherwise?

 

[Uncensored2008]

It depends on how they make it. Asset buys IMO are criminal. Laying off people instead of finding additional revenue streams IMO are criminal. Designing and engineering crap, then blaming workers IMO is criminal.

I've been involved in the acquisition of seven businesses through asset purchase agreements. Not once have massive layoffs been involved.

Add this to the growing list of business topics you CLEARLY have zero grasp of.

 

[Uncensored2008]

You're just butt hurt you've been exposed.....fucking retarded jackass

Oh come on, shitflinger isn't retarded; he just has zero ethics. He places party above all and has no hesitation to lie. His problem isn't intellect, his problem is integrity.

Now Rati, SHE is fucking stupid...

 

[Ravi]

It depends on how they make it. Asset buys IMO are criminal. Laying off people instead of finding additional revenue streams IMO are criminal. Designing and engineering crap, then blaming workers IMO is criminal.

I've been involved in the acquisition of seven businesses through asset purchase agreements. Not once have massive layoffs been involved.

Add this to the growing list of business topics you CLEARLY have zero grasp of.

Sweeping out lemonade stands isn't really "involved" no matter how much you wish it so.

 

[Cecilie1200]

Thomas Sowell had an excellent article on this little speech:

Just Asking Human Events

As regards the issue that leftists LOVE to bring up - "The wealthy use the roadways!" - he said this:

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.
And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

 

[SassyIrishLass]

Thomas Sowell had an excellent article on this little speech:

Just Asking Human Events

As regards the issue that leftists LOVE to bring up - "The wealthy use the roadways!" - he said this:

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.
And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

Sowell is an intelligent man

 

[Ravi]

Thomas Sowell had an excellent article on this little speech:

Just Asking Human Events

As regards the issue that leftists LOVE to bring up - "The wealthy use the roadways!" - he said this:

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.
And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

Sowell is an intelligent man

To morons.

 

[SassyIrishLass]

Thomas Sowell had an excellent article on this little speech:

Just Asking Human Events

As regards the issue that leftists LOVE to bring up - "The wealthy use the roadways!" - he said this:

Obama goes further than other income redistributionists. “You didn’t build that!” he declared to those who did. Why? Because those who created additions to the world’s wealth used government-built roads or other government-provided services to market their products.
And who paid for those roads and other government-provided services if not the taxpayers? Since all other taxpayers, as well as non-taxpayers, also use government facilities, why are those who created private wealth not to use them also, since they are taxpayers as well?

Sowell is an intelligent man

To morons.

If that were the case you'd consider him MENSA