Tuesday, August 28, 2012

The Rich Are Greedier Than The Poor...WAY Greedier!.

Ips-dc.org's article, "Executive Excess 2012: The CEO Hands in Uncle Sam's Pocket - How Our Tax Dollars Subsidiz Exorbitant Executive Pay,"somehow struck this poster as less than a huge surprise.  ("Nationwide, budget cuts have axed 627,000 public service jobs just since June 2009. Schools, health clinics, fire stations, parks, and recreation facilities—virtually no public service  has gone unsqueezed. Tax dollars haven’t seemed this scarce in generations.  Yet tens of billions of these scarce tax dollars are getting diverted. These tax dollars are flowing from average Americans who depend on public services to the kingpins of America’s private sector. They’re subsidizing, directly and indirectly, the mega-million paychecks that go to the top executives at our nation’s biggest banks and corporations.")

And the article, from MSNBC, "Tax Experts: Bain's Tax Strategy Is Unlawful,' was no surprise either. 
("Mitt Romney has benefited from an unlawful tax strategy employed by Bain Capital, three separate tax law experts tell Lean Forward.  'It violates the established tax law,' one put it flatly.")

And no doubt the silly Conservative sheeplets have been trained by the Conservative propagandists to shout out, "So what?  The rich job creators give so much more charity to the poor, so they deserve to pay no taxes."

Wrong again, sheeplets.

From the examiner.com, Study finds rich people give much less to charity than poor people: "A new study shows the mythical talking point of the richest individuals being the most generous*, and therefore the most worthy of tax breaks, to be false. Those with lower incomes consistently donated nearly twice as much of their discretionary income, when compared to more wealthy individuals.

"The study by philanthropy.com accumulated data by following the donation patterns of every state. It concluded that people who make between $50,000 and $75,000 a year donated 7.6% of their discretionary income to charity. Conversely, those making $100,000 or more only donated 4.2%.

"An even curiouser trend found that if the local population contained 40% of people making $200,000 a year then the donation rates plummeted to a paltry 2.8%."

Like all the other lies, while the rich are stealing money from the middle class, the myth of our need to protect the "job creators" from unconscienable taxtion heads the list and is the one that the greediest among the wealthy are anxious that we swallow.  With perpetual propagnda like this it is no wonder that we call for retroactive payback of the assets and income of the superrich to the middle and lower classes when Conservatism is finally criminalized and the upper 1 percent is brought to the docket for their crimes.

Sheldon Adelson In Macau

(* The article notes: "But Austin Goolsbee, in the Times, goes on to wonder why the super-rich don’t give away more of their money, like Buffett. After all, there is no rational reason to have billions and billions of dollars. Nobody can spend that much money, and neither can your kids.

Goolsbee concludes that the answer is social status:
Perhaps they [the super-rich] get something different from having money — clout, power, the ability to dominate an industry. Or perhaps these are just competitive people who care about their position compared with other people on the list.
They accumulate more so they can lord it over the other families who have less — a bit like having enough nuclear weapons to blow up the world several times but making more to stay ahead of the other guy.
"I’m sure that explanation is partially correct, although Buffett and Gates have gotten more “social-status” points for giving away their money than your average billionaire has gotten for being number 287 on the Forbes 400 list.

"I think the simplest answer is that making money feels good. Economists assume that money is just a proxy for future utility, a fungible scrap of paper that we use to purchase pleasurable things. But money itself doesn’t, or shouldn’t, give us pleasure. The dopaminergic jolt of happiness comes from spending, not earning.")


“It's not easy to juggle a pregnant wife and a troubled child, but somehow I managed to
squeeze in 8 hours of TV a day.”

Homer Simpson 


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