And the Republicans rejoice. They have been working for this outcome for decades! Middle- and low-income Americans are facing far higher state and local taxes than the wealthy, according to a new report assessing tax data from all 50 states. In all, the analysis by the nonpartisan Institute on Taxation and Economic Policy (ITEP) finds… Continue reading Report: Poor Families Pay Double The Tax Rate as Rich Families
Tag: Rich
On Wealth, Inequality Rules
So I’m perusing through the news and I see this article about a Pew Research study on median wealth in the United States and how the Great Recession impacted household worth. It is a stunning indictment of our fiscal, social and moral progress as a nation. If there’s anyone out there who needs a basic… Continue reading On Wealth, Inequality Rules
Gap Between The Rich And Poor Now Same As in 1920s
Yet, Republicans and the rich are trying to extend that gap even more by implementing laws that will take from the poor and middle class, and give to the rich.
Poll: Republicans Know Nothing about The Poor and They Don’t Care
They think Americans are poor because they’re too lazy. Findings released Thursday by Pew showed that most Republicans think rich people are largely responsible for their socioeconomic status. They also feel the same way about poor people. Fifty-seven percent of GOP voters said that a person is rich because “he or she worked harder than… Continue reading Poll: Republicans Know Nothing about The Poor and They Don’t Care
Pope Denounces Rich Greed – Says Time to Share the Wealth
Republicans will not be happy hearing this papal message. Sarah Palin already wondered if his views were too liberal. What will they say now? Pontiff’s first major publication calls on global leaders to guarantee work, education and healthcare Pope Francis has attacked unfettered capitalism as “a new tyranny”, urging global leaders to fight poverty and… Continue reading Pope Denounces Rich Greed – Says Time to Share the Wealth
Bill O’Reilly And The Liberal On Taxing The Rich – Video
Although rich folks in America have been the only benefactors of a Republican policy called Trickle Down Economics – a policy earning them trillions in wealth since it was implemented – there are those who still believes that asking these same people to contribute to the economy by paying a fair share of taxes is… Continue reading Bill O’Reilly And The Liberal On Taxing The Rich – Video
Taxes Raised On The Rich, The Dow Goes Up. GOP Wrong Again
Wow. The Dow is approaching 14000 for the first time since 2007. This, in spite of the fact that taxes on the top 1% went up for the first time in over a decade. Seems Republicans were wrong on this too. Last week the broad Standard & Poor’s 500 index closed above 1,500 for the… Continue reading Taxes Raised On The Rich, The Dow Goes Up. GOP Wrong Again
Bill Kristol Again Sees Nothing Wrong With Raising Taxes On The Rich
The Weekly Standard’s Bill Kristol was among the panelists on this week’s Fox News Sunday, where he again noted that a tax increase for the wealthy wouldn’t be the end of the world for Republicans — and that, honestly, many members of the Tea Party wouldn’t care. “I just don’t think that the Republicans have the leverage —… Continue reading Bill Kristol Again Sees Nothing Wrong With Raising Taxes On The Rich
Mitt Romney – My Wealth and Fame Makes Me Very Happy – Video
After trashing 47% of Americans earlier this week by calling them “victims” and suggesting that these Americans are unwilling to care for themselves, another video featuring Mitt Romney is making its rounds on the internet. This video shows Mitt Romney, explaining how privilege he is to be rich. Said Romney; When I was a boy, when I… Continue reading Mitt Romney – My Wealth and Fame Makes Me Very Happy – Video
New Ad – Mitt Romney Did Cut Taxes… On Millionaires Like Himself
Apparently, Mitt Romney was telling the truth all along. Yes, he definitely cut taxes when he was governor of Massachusetts, but the people who enjoyed the benefits of the Romney Tax Cuts was Romney himself and his very rich friends. For the rest of the state – also known as the middle class and the… Continue reading New Ad – Mitt Romney Did Cut Taxes… On Millionaires Like Himself
Question: Who Wrote the Book of Face?
My wife has given me permission to gloat a bit after I said this about Facebook, and Wal-Mart, by-the-by, yesterday on this very same blog. The reason? Wall Street had a nice day today, but the ‘book fell on its Face, dropping to $34.03, almost $4 from its opening last week. Meanwhile, a real company… Continue reading Question: Who Wrote the Book of Face?
Facebook and Wal-Mart: With Friends Like These…
Big business has been in the news recently, and that’s not necessarily a good thing. JPMorganChase lost upwards of $3 billion dollars on hedge trades that should not be legal, but that the bank actively lobbied to protect. Hewlett-Packard is laying off 30,000 employees in an attempt to become more competitive, and in a blow… Continue reading Facebook and Wal-Mart: With Friends Like These…