Rich only getting richer under Obama

Markle wrote:

Dreamsglore wrote:

Markle wrote:

Dreamsglore wrote:You're missing the boat,Chrissy.This is what Obama is talking about.

"As for the claims that the wealthiest Americans worked to earn their riches, 60 percent of the income for those on the rich list comes from capital gains, that is, money gained from simply holding valuable assets such as stock, which is taxed at a mere 15 percent, about the same as the income tax rate paid by a low-wage worker.

A large portion of those on the Forbes 400 list are in sectors divorced from the production of socially useful goods and services. One quarter of them come from the finance and investment sector, while only 10 list their source of income as manufacturing.

In other words, the fortunes of the wealthy elite in the United States come largely from parasitic activities, financial speculation and driving down of living standards of the vast majority of the population."

Please show us the reliable source for your claim that 60% of their income is from capital gains. Taxes on money which has already been taxed as income once.

How does increasing the Capital Gains tax help America? That would radically reduce the supply of money for investments and drastically reduce the income of people, many retirees, who live on the Capital Gains for their investments.

If those people are among the wealthiest in America, how is that they can earn ANYTHING if there is no demand for their product or services? How many of them are self made multi-millionaire and billionaires?

How long could we run our government if you were to confiscate the entire wealth of each and every one of those 400 people?

Why do you hate people who provide millions and millions of jobs?

They don't provide millions of jobs. That's the propaganda you've bought. If you read the statement and listened to what Obama said then you would know what segment of the population he is talking about-not retirees.He's talking about the 1% and nobody is talking about confiscating their wealth-just paying their fair share.Sheesh!

Why don't you just admit you lied in your post. You made your accusations but then ran for cover when asked to defend your position.

Million and billionaires don't provide millions of jobs? Really? Are you smoking the same stuff President Barack Hussein Obama did before the debate?

Margin Call wrote:

Markle wrote:

Dreamsglore wrote:

Markle wrote:

Dreamsglore wrote:You're missing the boat,Chrissy.This is what Obama is talking about.

"As for the claims that the wealthiest Americans worked to earn their riches, 60 percent of the income for those on the rich list comes from capital gains, that is, money gained from simply holding valuable assets such as stock, which is taxed at a mere 15 percent, about the same as the income tax rate paid by a low-wage worker.

A large portion of those on the Forbes 400 list are in sectors divorced from the production of socially useful goods and services. One quarter of them come from the finance and investment sector, while only 10 list their source of income as manufacturing.

In other words, the fortunes of the wealthy elite in the United States come largely from parasitic activities, financial speculation and driving down of living standards of the vast majority of the population."

Please show us the reliable source for your claim that 60% of their income is from capital gains. Taxes on money which has already been taxed as income once.

How does increasing the Capital Gains tax help America? That would radically reduce the supply of money for investments and drastically reduce the income of people, many retirees, who live on the Capital Gains for their investments.

If those people are among the wealthiest in America, how is that they can earn ANYTHING if there is no demand for their product or services? How many of them are self made multi-millionaire and billionaires?

How long could we run our government if you were to confiscate the entire wealth of each and every one of those 400 people?

Why do you hate people who provide millions and millions of jobs?

They don't provide millions of jobs. That's the propaganda you've bought. If you read the statement and listened to what Obama said then you would know what segment of the population he is talking about-not retirees.He's talking about the 1% and nobody is talking about confiscating their wealth-just paying their fair share.Sheesh!

Why don't you just admit you lied in your post. You made your accusations but then ran for cover when asked to defend your position.

Million and billionaires don't provide millions of jobs? Really? Are you smoking the same stuff President Barack Hussein Obama did before the debate?

Job creation is the magical place where "millionaires and billionaires" and consumers agree to do business. It's a partnership....only dipshits think the rich guy does everything on his own.

Markle wrote:

Margin Call wrote:

Markle wrote:

Dreamsglore wrote:

Markle wrote:

Dreamsglore wrote:You're missing the boat,Chrissy.This is what Obama is talking about.

"As for the claims that the wealthiest Americans worked to earn their riches, 60 percent of the income for those on the rich list comes from capital gains, that is, money gained from simply holding valuable assets such as stock, which is taxed at a mere 15 percent, about the same as the income tax rate paid by a low-wage worker.

A large portion of those on the Forbes 400 list are in sectors divorced from the production of socially useful goods and services. One quarter of them come from the finance and investment sector, while only 10 list their source of income as manufacturing.

In other words, the fortunes of the wealthy elite in the United States come largely from parasitic activities, financial speculation and driving down of living standards of the vast majority of the population."

Please show us the reliable source for your claim that 60% of their income is from capital gains. Taxes on money which has already been taxed as income once.

How does increasing the Capital Gains tax help America? That would radically reduce the supply of money for investments and drastically reduce the income of people, many retirees, who live on the Capital Gains for their investments.

If those people are among the wealthiest in America, how is that they can earn ANYTHING if there is no demand for their product or services? How many of them are self made multi-millionaire and billionaires?

How long could we run our government if you were to confiscate the entire wealth of each and every one of those 400 people?

Why do you hate people who provide millions and millions of jobs?

They don't provide millions of jobs. That's the propaganda you've bought. If you read the statement and listened to what Obama said then you would know what segment of the population he is talking about-not retirees.He's talking about the 1% and nobody is talking about confiscating their wealth-just paying their fair share.Sheesh!

Why don't you just admit you lied in your post. You made your accusations but then ran for cover when asked to defend your position.

Million and billionaires don't provide millions of jobs? Really? Are you smoking the same stuff President Barack Hussein Obama did before the debate?

Job creation is the magical place where "millionaires and billionaires" and consumers agree to do business. It's a partnership....only dipshits think the rich guy does everything on his own.

Not a partnership. In a partnership there is a sharing of the risk and reward. The business owner takes the risk, makes the investment in money and 80 hour weeks and the consumer decides if the product is a good value to them and then compensates the owner. If the business offers a good product at a competitive price they will be successful. If not, or if poorly managed, the business fails and the owner loses their investment and the consumer goes elsewhere. No loss.

Dreamsglore wrote:

Markle wrote:

Dreamsglore wrote:

Markle wrote:

Dreamsglore wrote:You're missing the boat,Chrissy.This is what Obama is talking about.

"As for the claims that the wealthiest Americans worked to earn their riches, 60 percent of the income for those on the rich list comes from capital gains, that is, money gained from simply holding valuable assets such as stock, which is taxed at a mere 15 percent, about the same as the income tax rate paid by a low-wage worker.

A large portion of those on the Forbes 400 list are in sectors divorced from the production of socially useful goods and services. One quarter of them come from the finance and investment sector, while only 10 list their source of income as manufacturing.

In other words, the fortunes of the wealthy elite in the United States come largely from parasitic activities, financial speculation and driving down of living standards of the vast majority of the population."

Please show us the reliable source for your claim that 60% of their income is from capital gains. Taxes on money which has already been taxed as income once.

How does increasing the Capital Gains tax help America? That would radically reduce the supply of money for investments and drastically reduce the income of people, many retirees, who live on the Capital Gains for their investments.

If those people are among the wealthiest in America, how is that they can earn ANYTHING if there is no demand for their product or services? How many of them are self made multi-millionaire and billionaires?

How long could we run our government if you were to confiscate the entire wealth of each and every one of those 400 people?

Why do you hate people who provide millions and millions of jobs?

They don't provide millions of jobs. That's the propaganda you've bought. If you read the statement and listened to what Obama said then you would know what segment of the population he is talking about-not retirees.He's talking about the 1% and nobody is talking about confiscating their wealth-just paying their fair share.Sheesh!

Why don't you just admit you lied in your post. You made your accusations but then ran for cover when asked to defend your position.

Million and billionaires don't provide millions of jobs? Really? Are you smoking the same stuff President Barack Hussein Obama did before the debate?

60% provide jobs the rest don't. You watch too much Fox.