'Patriotic millionaires' call for their tax cuts to expire

we call them limosine liberals, you know the pompus billionaires who mostly inherited thier wealth and are all too happy to distribute it by interview if not by actual check.
what a collousal fucktard you need to be to worship these clowns.
 
Damocles said:
Look:

Gifts to the United States
U.S. Department of the Treasury
Credit Accounting Branch
3700 East-West Highway, Room 622D
Hyattsville, MD 20782

If they feel they aren't paying enough, they should send some in. If they think it means they are super-patriots and everybody should know how great they are they should publish that they've done it.

http://www.fms.treas.gov/faq/moretopics_gifts.html
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See, here it is, Dune! Get your checkbook ready!!
 
signalmankenneth said:
Will Obama hear them? Or will he ignore them? by Joe Conason

More than 40 of the nation's top taxpayers ask Obama to raise their taxes

Dozens of America's wealthiest taxpayers -- including hedge fund legend Michael Steinhardt, super trial lawyer Guy Saperstein, and Ben Cohen of Ben & Jerry's fame -- have appealed to President Obama not to renew the Bush tax cuts for anyone earning more than $1 million a year. Calling themselves "Patriotic Millionaires for Fiscal Strength," the 40-plus signers today launched a website and a campaign that they hope will draw support from others who agree that fiscal responsibility should begin with those who can best afford it -- as their letter to Obama explains:

We are writing to urge you to stand firm against those who would put politics ahead of their country.

For the fiscal health of our nation and the well-being of our fellow citizens, we ask that you allow tax cuts on incomes over $1,000,000 to expire at the end of this year as scheduled.

We make this request as loyal citizens who now or in the past earned an income of $1,000,000 per year or more.

We have done very well over the last several years. Now, during our nation's moment of need, we are eager to do our fair share. We don't need more tax cuts, and we understand that cutting our taxes will increase the deficit and the debt burden carried by other taxpayers. The country needs to meet its financial obligations in a just and responsible way.

Letting tax cuts for incomes over $1,000,000 expire, is an important step in that direction.


The Patriotic Millionaires campaign, pulled together quickly by the Agenda Project in New York City, just happens to appear on the same day as a new study from the Center for Responsive Politics revealing that half of the members of the House and the Senate are millionaires. That contrasts sharply with the general population, of whom fewer than 1 percent can claim millionaire status.

Not surprisingly, some of the super-rich declined to join the Patriotic Millionaires when the Agenda Project reached out to them. At least two airily dismissed the Bush tax cuts for millionaires and above -- which will cost well over $700 billion over the coming decade -- as "small potatoes." And a Manhattan hedge fund billionaire said he believes the cuts should be extended and added that "the moneys should be used to pay down debt" -- which sounds like the magical Republican plan to simultaneously cut taxes, wage war and drastically reduce the deficit. The same investor also complained that "anyone who has money is made to feel that they're bad."

Bad? Only if they'd rather force Grandma to eat cat food than pay their fair share.

tax-the-rich-chant.gif
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Here's a bit more honesty regarding the tax cuts and small business.

(Excerpt) Teahan currently operates Espresso Resource, a company that imports espresso machine parts from Europe to sell to U.S. restaurants and coffee shops. And he’s doing very well for himself: The two-man operation clears about $1 million a year in total sales, Teahan says -- enough to secure himself annual income in excess of $250,000.

That makes Teahan one of the few small business owners to actually benefit from the Bush administration's tax cuts for the wealthy. He says the cuts save him about $12,000 a year, compared to what he paid before they were enacted. But as debates over the federal budget deficit have intensified, Teahan has found the political discussion increasingly divorced from the reality of his experience as a small business owner.
Tax cuts for the wealthy, according to Teahan, will do nothing to bolster his firm. They won’t affect his hiring decisions, they won’t encourage him to buy new equipment or help him move into a bigger warehouse. He says all of those decisions -- the nuts and bolts of actually running a small company -- depend on the his customers' economic conditions, not his personal tax rate.

"What we do in business, how we spend our money, how we allocate our resources -- that has very little to do with tax policy," Teahan says. "I map my business based on my customers, and what my customers want to buy, and what they can afford to buy.

"We are fed by our consumers, not by our tax breaks," says Rick Poore, owner of Designwear, Inc., a screen-printing business based in Lincoln, Neb. "If you drive more people to my business, I will hire more people. It's as simple as that. If you give me a tax break, I'll just take the wife to the Bahamas."

"The economic premise, that people won’t hire because they might have to pay more taxes if they make more money, is beyond laughable,” says Lew Prince, owner of the Vintage Vinyl record store in St. Louis, Mo. "You hire when you think there’s a way you can make more money with that hire. The percentage the government takes out of it has almost nothing to do with it.”

….."there is a strong business case for letting the tax relief for the wealthiest expire,” noting that doing so would "reduce the federal budget deficit and lessen the crisis with state and local budgets around the country.”

….many of the people who report business income on their personal income tax returns are bond traders, partners in corporate law firms, lobbyists and hedge fund managers -- not the kind of activity that most people think of as "small business.”

“We should have learned from the last decade that slashing taxes for the richest Americans is a great way to grow the national debt –- not jobs," says Holly Sklar, the executive director of Business for Shared Prosperity, a non-partisan small-business group funded predominantly by the Ford Foundation. "Few small businesses benefit from the top rate tax cuts, but many lose from a shrinking middle class and deepening budget cuts in everything from the Small Business Administration and education to vital infrastructure repair and modernization. The tax cuts are like termites, eating away at our economy and our nation’s future.” (End)
http://www.huffingtonpost.com/2011/...wners-bush-tax-cuts-rich-repeal_n_857204.html

Finally, some common sense and logic. If anything, those whose income is derived from a small business earning over $250,000/yr and faced with higher taxes will try to increase profits to compensate and that means hiring more people to bring in more business.
 
apple0154 said:
If anything, those whose income is derived from a small business earning over $250,000/yr and faced with higher taxes will try to increase profits to compensate and that means hiring more people to bring in more business.
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Ummm no, did you not read your own article? They will hire if they have more customers.
 
this shit is always started by a student or teachers, people who don't make dick.
Of course they don't care about capitalism, they have no capital.
 
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