As the primaries drag on, and the candidates make their cases for Nationwide hot button issues that effect their voter sway, a lot of us focus on the financial crisis that stares down on America. Mitt Romney, for example, has a tax plan that so clearly favors the rich, and from that stems the curiousity [...]
Written By Luke Walker Despite the many unified voices of discontent, echoing from streets wherever the ‘Occupy’ protests persist, in cities all over the world, the question of whether a clear message has been made is still debatable. So, what exactly is the clinical psychology of the ‘Occupy’ movement? Is there a unified message? Does [...]
After Warren Buffett spoke out about taxing the rich more, the rich were polled and overwhelmingly agreed with the billionaire. Here’s more from Wall Street Journal: A new survey from Spectrem Group found that 68% of millionaires (those with investments of $1 million or more) support raising taxes on those with $1 million or more [...]
Not that this is any surprise. Usually when flat tax proposals are put out there, this is the common thread. The rich get a massive tax break and the middle class get the shaft. Here are the numbers… The old system would be replaced by the nines: – A flat 9 percent income tax for [...]
“There is nobody in this country who got rich on his own.” — Over the last 30 years, the income of the richest 1% has skyrocketed. “You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid [...]
Republicans don’t want the Bush tax cuts to expire for the wealthiest, but they’re fine with letting the payroll tax cut that Obama passed last do so? Hmmm… The tax break extension they oppose is sought by President Barack Obama. Unlike proposed changes in the income tax, this policy helps the 46 percent of all [...]
An amazing editorial was published the New York Times yesterday. Not just because Warren Buffett lays waste to nearly every single “taxation kills investment” argument…but because he has lost his patience with those who don’t understand history. To start… While the poor and middle class fight for us in Afghanistan, and while most Americans struggle [...]
This just in from Jake Tapper… A government official tells ABC News that the federal government is expecting and preparing for bond rating agency Standard & Poor’s to downgrade the rating of US debt from its current AAA value. Officials reasons given will be the political confusion surrounding the process of raising the debt ceiling, [...]
In an op-ed I HOPE will get picked up across the country, Henry Bloch explains why taxes need to be raised on the rich ASAP. From KC Star: I do not understand some Republicans’ resistance to the idea of tax increases on the wealthy. The argument we have been hearing from some politicians about the [...]
It’s pretty basic. Increase revenues and lower expenditures. Here’s more from NY Times: In his remarks, which come after Friday’s bipartisan deal to cut domestic spending by about $38 billion for the remainder of this budget year, Mr. Obama will not offer details but will set deficit-cutting goals, White House officials said. The numbers were [...]
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