Tuesday, October 16, 2012

Mitt Romney on taxes:

(Source: seriouslyamerica)

Thursday, August 9, 2012 Tuesday, July 24, 2012
When did we become a country where the millionaires are jealous of the people on food stamps? A country that thinks teachers and fire fighters are soaking us dry? A country that thinks the richest who are paying the lowest taxes in 80 years are the ones being beaten up? Who Wants Free Stuff? | Eclectablog (via section9)
Monday, April 30, 2012
I guess some of this mad right-wing love comes from the idea that in America, anyone can become a Rich Guy if he just works hard and saves his pennies. Mitt Romney has said, in effect, “I’m rich and I don’t apologize for it.” Nobody wants you to, Mitt. What some of us want—those who aren’t blinded by a lot of bullshit persiflage thrown up to mask the idea that rich folks want to keep their damn money—is for you to acknowledge that you couldn’t have made it in America without America. That you were fortunate enough to be born in a country where upward mobility is possible (a subject upon which Barack Obama can speak with the authority of experience), but where the channels making such upward mobility possible are being increasingly clogged. That it’s not fair to ask the middle class to assume a disproportionate amount of the tax burden. Not fair? It’s un-fucking-American is what it is. I don’t want you to apologize for being rich; I want you to acknowledge that in America, we all should have to pay our fair share. That our civics classes never taught us that being American means that—sorry, kiddies—you’re on your own. That those who have received much must be obligated to pay—not to give, not to “cut a check and shut up,” in Governor Christie’s words, but to pay—in the same proportion. That’s called stepping up and not whining about it. That’s called patriotism, a word the Tea Partiers love to throw around as long as it doesn’t cost their beloved rich folks any money. Stephen King, The Daily Beast: “Tax Me, for Fuck’s Sake”

(Source: seriouslyamerica)

Thursday, April 19, 2012

pantslessprogressive:

Trivia Time! Who said it: President Obama or President Reagan?

“[I received] a letter from a man out here in the country, an executive who’s earning six figures, well above $100,000 per year. He wrote me in support of the tax plan because he said, ‘I am legally able to take advantage of the present tax code, nothing dishonest, doing what the law prescribes, and wind up paying a smaller tax than my secretary pays.’ He wrote to me to tell me he’d like to come to Washington and testify before Congress as to how that’s possible for him to do and why it is wrong.”

If you picked the guy who raised taxes seven out of eight years he was in office, then you’d be correct.

Saturday, April 7, 2012

feministhistorian:

planetmoney:

Until World War II, the income tax was levied only on the rich. But wartime spending meant the government needed money, and ordinary folks are now asked to pay.

“There was a lot of concern that Americans just wouldn’t do it,” Joe Thorndike, co-author of the book War and Taxes, says. “Or that they wouldn’t understand that they were supposed to … or even just how to do it.”

The government needed to get the word out. It needed a spokesperson. Someone credible, and easy to understand.

The government needed Donald Duck.

The movie at the top of this post is from 1943. In it, Donald Duck marches around his house, listening to the radio and filling out his tax form. Occupation: actor. Dependents: three (Huey, Dewey and Louie).

I’ve never seen the original. Its interesting propaganda.

Monday, March 5, 2012
We all pay for shit we don’t like, ALL THE TIME! Reimburse me for the Iraq war, and oil subsidies, and diaphragms are on me. Jon Stewart

(Source: seriouslyamerica)

Saturday, December 31, 2011 Tuesday, December 6, 2011

Morgan Stanley Executive Calls For Higher Taxes On The Rich: ‘We Cannot Cut Our Way To Greatness’

abaldwin360:

By Pat Garofalo | Think Progress

Several wealthy bankers, investors, and entrepreneurs have called for higher taxes on the rich as an important part of reducing the nation’s deficit, led most prominently by Warren Buffett. “It is mathematically impossible to invest enough in our economy and our country to sustain the middle class (our customers) without taxing the top 1 percent at reasonable levels again,” wrote wealthy entrepreneur Nick Hanauer in an op-ed last week. “Significant tax increases on the about $1.5 trillion in collective income of those of us in the top 1 percent could create hundreds of billions of dollars to invest in our economy, rather than letting it pile up in a few bank accounts like a huge clot in our nation’s economic circulatory system.”

Joining the list of those in financial positions of power that are calling for higher taxes on the rich is Morgan Stanley Chief Financial Officer Ruth Porat who, as the Huffington Post’s Bonnie Kavoussi reported, said over the weekend that it’s “inappropriate” that income inequality in the country is continuing to grow while taxes on the rich stay low:

“The wealthiest can afford to pay more in taxes. That’s a part of the deal. That makes sense. I don’t know anyone that doesn’t agree with that,” Porat said.“The wealth disparity between the lowest and the highest continues to expand, and that’s inappropriate.” “We cannot cut our way to greatness,” she added.

The rising compensation of executives and those in the banking industry is one of the major factors driving the nation’s income inequality. And at the same time that the rich have been getting richer, their tax rates have been plummeting. It’s refreshing to hear someone in the banking industry acknowledge these truths and want to rectify them, rather than decrying higher taxes on the rich as akin to the Nazi invasion of Poland.

[SOURCE]

Wednesday, November 9, 2011
My driver’s license expires, the milk in my refrigerator expires, the only thing that doesn’t expire is Grover Norquist’s pledge – and that’s nuts.

Rep. Steve LaTourette (R) of Ohio, who signed the Americans for Tax Reform pledge to never raise taxes in 1994.

The Christian Science Monitor’s Gail Russell Chaddock writes about increasingly strident Congressional criticism of the tax pledge.

This could be construed as a hopeful sign for the deficit supercommittee, which has been hung up on whether increased tax revenue.

Here’s another zinger from Democrat Rep. Rob Andrews (N.J.), one of the few Democrats who ever signed the pledge.

“I signed the pledge in 1992, and I understood it to mean that for the next term, if I were reelected, I would not vote to raise taxes,” he says. “I honored that pledge.”

“But I never renewed it. I never considered it to be like my marriage vows, I’m married to Camille Andrews not Grover Norquist. I promised her to be faithful until death do us part, and I mean it. I did not promise him to oppose tax increases until death do us part.”

(via dcdecoder)

(Source: dcdecoder)