"crisis...unwillingness to make rich pay their share"

[Freeper]

handmade34 Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Fri Mar-11-11 11:28 PM
Original message
"crisis...unwillingness to make rich pay their share"
   
http://host.madison.com/ct/news/opinion/column/article_...

"U.S. corporations are sitting on $2 trillion in cash -- trillion, not billion. The same people who shipped millions of jobs overseas, caused the financial crisis, and pay themselves multimillion-dollar bonuses every year are now sitting on a mountain of cash. Yet both state and local governments feel the need to give them more tax cuts. To what end? So they can create more profits and sit on bigger piles of cash, so they can play monopoly as they buy each other out, or so they can give themselves even bigger bonuses? There is no indication that they are interested in doing anything to spur the economy.

In December we heard the Republicans tell us that people making over $250,000 per year couldn’t afford a 4 percent tax increase, and it would be terrible for the economy to increase their taxes. Thirty years ago they were paying 70 percent in taxes. Now they pay half that, but a 4 percent increase is just too much to bear.

Now we are told that state workers making $40,000 to $60,000 per year are stealing the state blind. The same workers who for the last two years have taken over a 3 percent pay cut in the form of furloughs are now told they haven’t sacrificed enough. Now they must forfeit 7 percent or more of their pay, and give up their right to negotiate their future. What is appalling is the state workers were willing to give up the money to help out the state. All they asked was to keep their right to negotiate. Yet the wealthiest in our country aren’t willing to give up anything to help our country out of the financial mess they created..."

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=439x620898

I agree DUmmy, in fact we should confiscate Michael Moore's wealth right away. That fat prick doesn't need all that money he has. Then we can go after Soros, Stephen King, and all the lefty rich people who don't feel their taxes are enough. I bet you every one of those clowns take every deduction they can possibly get. I say they need to put their money where their mouths are and start off by not taking any deductions, and donating any overpayment to the US treasury. if that still isn't enough they can donate more. I am sure the IRS would happily accept donations. I am so sick of leftist rich people bitchin that their taxes are too low.

[jukin]

Turns out when there is an aggressive communist in the White House that hates private enterprise, rational and sane people won't invest their money.  I'm surprised that more of that money is not fleeing overseas than already has.

[JohnnyReb]

Turns out when there is an aggressive communist in the White House that hates private enterprise, rational and sane people won't invest their money.  I'm surprised that more of that money is not fleeing overseas than already has.

Yeah, don't buy real estate, machinery and build buildings the government can take.....keep your money moveable and out of the reach of the government(communist).

[MrsSmith]

Turns out when there is an aggressive communist in the White House that hates private enterprise, rational and sane people won't invest their money.  I'm surprised that more of that money is not fleeing overseas than already has.

Yeah, surprise, surprise...when a CEO finds it impossible to look ahead 5 or 10 years at tax burdens and the costs of employment, they will hold onto their money and wait to expand, or expand in a business friendly country.  Pretty simple concept, but way too rational for the "educated, intelligent" left to understand.