We must tax the rich
The Charleston Gazette recently had an editorial about the recent CBS "60 Minutes" segment that featured Cisco CEO John Chambers, Jr., who revealed what many should understand: U.S. companies that publicly proclaim loyalty to America are in fact loyal only to money.
Join the discussion below, or Read more at wvgazette.com.
Since: Mar 08
#1 Jun 10, 2011
Many European countries structure their corporate taxes to encourage profits made from overseas operations be brought home.
#2 Jun 10, 2011
This yearning for socilesium....so MARIXIST LIKE!
the Problem is SPENDING WHAT WE DO NOT HAVE...and the Result of OBAMAS experiment in social Engineering....This ROBIN HOOD CRAP LL...most Americans pay no taxas...and the Congress and the senate personnel home projects PAY NO TAXAS...RAT HOLES..../.So the answer??...Why KILL THE GOOSE who laid golden eggs since the LAST GREAT DEPPERSION...of which OBAMA is steering us into...STOP THE BULL SHIT..START THE DRILLING...STIFLE THE UNION CANCER...And turn the GREEN SLIME into RED WHITE AND BLUE again....Whats wrong with our nation??? LOONS!!
Obama took over with 5% unemployment...and gas at$ 1.79...all had their homes,toys ,kids in college...well LOONS ..LOOKATCHONOW..in two years ...OBAMA WRECKED THE ECONOMY...DAM HARVARD SOCIALIST.......He like carter HAS TO GO!...TOTAL INCOMPETENT..raise TAX'S??? on who?? for of the whole population???? Of whom pay no tax's!? or the 1 or 2 % who do?If so,then we will hear that big SUCKING SOUND as our industry continues to leave America!!......
ITS THE ECONOMY STUPID!
WEINER FOR PRESIDENT!!...THE LOONS CANDIDATE
#3 Jun 10, 2011
In the real world even illegal immigrants in the US pay taxes.
“It's a Brand New Day”
Since: Feb 06
#4 Jun 10, 2011
Not quite, the roblem is sending more than we take in.
The actual tax take from wealthy individuals and corporations is very low indeed.
They are not paying their way; and we need to increase their taxes. That is not "socialism, liberalism, medianiam, Marxism, or any other -ism. That is reality.
We must cut spending and restore the Reagan-Bush tax cuts. When the National Debt is retired, then we can re-evaluate.
As to drilling, there are millions of acres under lease. Iagree... start the drilling, but on the already approved sites not being held in reserve for higher prices.
You are dishonest about gasoline prices; and about unions. Unions are as capitalistic as banks.
The "loons" are those who believe that unregulated and untaxed capitalism is anyting but pure greed.
“Open your eyes”
Since: Sep 09
#5 Jun 10, 2011
Following you here a little Bill. But these are all good ideas to releive the symptons but not the root cause o the problem. What about the currency issued by a private bank laced with debt.
It has already been show from the Grace Commission in 84 that none of our tax monies actually go to the government. It all goes to pay the interest on the loans take by government.
As Henry Ford once said, "if the government and create a bond, they can create a bill." Meaning that there is no reason why he have to pay interest to a bank for our own money to be issued to us. Lincoln issued the Greenback to fund the civil war and after jackson transfered all of the countries assets into state banks he did the same thing after shutting down the 2nd Bank of American. Also the colonies issued their own currency. All of these had no debt. Jackson was the only one to actually pay off the national debt.
#6 Jun 10, 2011
Gasoline up 100% under Obama
762 Comments and 759
James S. Robbins
Published on March 30, 2011
Feeling pain at the pump? Gas prices have doubled since Mr. Obama took office. According to the GasBuddy gasoline price tracking web site, the price of a gallon of regular gas was around $1.79 when Mr. Obama took office. Today the national average is $3.58. The lowest average price in the continental United States is $3.31 in Tulsa Oklahoma, the highest is $4.14 in Santa Barbara, CA. Four-dollar-a-gallon gas has arrived on average throughout California, and a number of other states are headed in that direction.
Pain at the pump
Consumer price index (CPI) figures from February show an unadjusted 12 month gasoline inflation rate of 19.2%, but in the last month alone prices jumped 6.8%, probably because of oil price increases due to instabilities in the Middle East. If the trend continues, gas prices would double again within a year. 100% gasoline price inflation is nothing to brag about, but imagine Mr. Obama going into the 2012 election having to explain why gas costs $7.00 a gallon. I'm sure the White House would spin it as one of their "Green" initiatives.
New Jersey's Gov. Chris Christie took another shot at his state's teachers today by describing their union leaders as "political thugs...Of course he is correct....As witness by UNION LEADERS are the most frequent visitors at the White house....For Tea ! guess??
Why Is American Unemployment Under Obama Rising Faster Than In Other Countries?
By Michael Eden
Even liberals have begun to come to the conclusion that Barack Obama has been a bust on creating jobs, as evidenced by a recent New York Times piece. The Russian and formerly communist Pravda has likewise recently excoriated Obama as quintessentially bringing the change of economic destruction rather than job creation and prosperity.
Barack Obama and his team assessed the economic conditions, and proposed that the answer was his giant $3.27 trillion stimulus package. The Obama administration claim was that unemployment then at 7.2% would be held under 8% if he got his stimulus.
Now it is at 9.8%, and is expected to continue to climb significantly higher.
Meanwhile other governments who have in recent months elected conservatives have turned their economies and their unemployment numbers around.
Meanwhile America, under the leadership of a wise and wonderful messiah who can do no wrong, has increasingly crawled into the toilet bowl.
The Nationial debt comment would fill a book..but all know that??? DO IT??..Mabey LOONS don't ..but AMERICANS DO!!
Yes its cut and paste ,but does not alter the facts!
if any can dispute this??? SHOW ME!!
There is much more1..however ..in the end,the end of obama ,,,ITS THE ECONOMY STUPID
#7 Jun 10, 2011
All that's academic the day the Chinese stop buying our debt. If DXY falls below 50 the teabaggers will have more than federal deficits and unemployment to whine about.
#8 Jun 10, 2011
I closed my eyes and hit page down.
Is it Iria or MrBill who put this up?
Either way it's predictable.
#9 Jun 10, 2011
Try this NUMBNUTS!
Dow, S&P end sixth losing week - is seventh on tap?
Traders work on the floor of the New York Stock Exchange Reuters Traders work on the floor of the New York Stock Exchange May 31, 2011. REUTERS/Brendan McDermid
Stock Markets Slideshow:Stock Markets
Grapevine: President's Bailout Restaurant to Close Play Video Barack Obama Video:Grapevine: President's Bailout Restaurant to Close
Related Quotes ^BKX 46.73 -0.19
^GSPE 543.20 -10.40
^SOX 402.80 -6.82
^VIX 18.86 +1.09
By Angela Moon 2 hrs 2 mins ago
NEW YORK (Reuters) The Dow and S&P 500 closed out their sixth week of losses on Friday as further signs of a global economic slowdown set the stage for more losses ahead.
The deepening gloom raised the prospect for the S&P, which suffered its worst week since August 2010, to break below the year's low of 1,250 next week.
The Nasdaq wiped out its yearly gains on Friday and also posted its biggest weekly decline since August 2010, as the latest deterioration in sentiment came on fear of flagging Chinese growth and fresh worries about Greece's debt crisis.
The Dow closed below 12,000
or this NIT WIT!
JPMorgan Forecasts Another Drop in Home Prices
Published: Friday, 10 Jun 2011 | 10:23 AM ET
By: John Carney
Senior Editor, CNBC.com
JPMorgan Chase is forecasting another 4 to 5 percent drop in home values over the next 12 months.
Housing Wire has the details:
In its June 2011 Home Price Monitor Report, the bank lowered its base home price forecast to a level that's 37 percent under peak price levels.
The financial-services firm blames its lowered price expectations on a supply-and-demand imbalance, as well as anemic consumer demand and disappointing economic reports
#10 Jun 10, 2011
"Come on baby, eat the rich!"
#11 Jun 10, 2011
Most of the 'slow down' and fear on Wall Street stems from the fears that the GOP will not increase the debt ceiling as they are threatening. They raised it 6 times under Bush without question. Now, they're threatening to not raise it because they're doing their partisan best to Obama look bad. They may succeed, but they may also bring down our country as a whole while doing it. One day people will wake up to this reality and blame those that are really causing the problems we face. Profit before country corporate fascists.
#12 Jun 10, 2011
- We must tax the working class 50% more
- We need a:
privilege-to-live-under socialism income tax
county income tax
city income tax
community income tax
neighborhood income tax
- We must allow more illegal Mexicans in
- We must allow more muslims in
- We must increase welfare benefits for illegal Mexicans, muslims, the ghetto & trailer park crowds
- We need to empty the prisons and place those misunderstood people on welfare
- We need more hate crime laws
Just ask any liberals, they will think of more.
#14 Jun 10, 2011
Sick and tired of paying for idiots.
#15 Jun 10, 2011
Why tax the wealthy they are the business owners who are supplying ehat jobs we do have. If you tax the hell out of em they will jump ship and go overseas they should provide better insentatives for businesd owners because how many times has a poor man ever gave you s job or hired you to do anything???
Since: Dec 07
#16 Jun 11, 2011
We hear the same thing every time. Tax the rich. That's not the problem. Its the thousand pages of tax code loop holes that the rich use to defer paying taxes which is legal. Deferment is legal. Avoiding and evasion is not.
#17 Jun 11, 2011
So eager to lynch American citizens, so eager to give everything they work and sweat for to illegal aliens and thugs and hooligans!
#18 Jun 11, 2011
You mean your army?
Since: Feb 11
#20 Jun 11, 2011
Are you crazy? If you tax the rich and take all their money who will create jobs and keep America strong? Think about it darlin'
#22 Jun 11, 2011
The problem is not to little tax.
It's the government spending money like a teenager at the mall with daddys credit card.
Government spending has to be brought under control.
But the Dems think we can spend our way out of debt.
#23 Jun 11, 2011
Eisenhower taxed the rich 91%, Nixon taxed them 77% and Reagan taxed them 50%. Deficits didn't explode until Reagan cut taxes even further. Since then our deficits and debt have gone up exponentially.
Where are they going to take all their money? The fact is, most of us have seen our incomes stagnate while the rich have seen their incomes sky rocket. This while their taxes are being cut. It hasn't created jobs, our trade policies actually cut jobs and allowed the rich to get richer.
Our economy and jobs are consumption based. The rich can have all the money in the world, but they won't consume any more goods and services. The middle class is carrying too heavy a burden, thus consumption is down. If consumption is down, jobs are not necessary because demand is down.
Think about it. Currently the tax burden on the top 1% is at it's lowest rate since the depression. Is that a coincidence that our economy is suffering similar pitfalls? No.
Hiring is tax deductible as it is a business expense and taxes are only based on net profits not gross income. In that sense, expansion is deductible and benefits are deductible. The more people that are hired, the more people that will have money to consume. The more people that consume, the more money that will be made, and demand goes up. Then and only then will the economy expand. This is economics 101 stuff. Think about it darling.
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