What Are Rich People Thinking?

I think they still voted withe their wallets. All these people w/ money most likely have a good portion of that in either stocks, real estate or both. These two areas have taken huge hits overshadowing any concerns about tax increases. The complete mismanagement of the financial markets on the Republican's watch drives everyone to take a hard look at who should be running the country. I'm not rich and I voted Democrat for the first time ever.

Either the religious people consent to the doctrine " there is no life till the 12th week of pregnancy ",or the Reps will end up with 100 reps ...

America is a secular state.

Secular means,abortions ( at least till the 12th week ) legal,same-sex civil marriage legal...

We should not mess with other people's marriages & wombs,
so that we can demand from other people not to interfere with our guns & our money ( through compulsory taxation ).

Kermudge,
If abortion is a choice, so is killing someone who cuts you off in traffic. Why is one wrong and the other right? Passing a law that murdering someone is wrong, has driven it underground as well, but we find and prosecute those who commit murder.

Ask Teddy Roosevelt, John McCain's supposed hero, about why we have progressive tax. He instituted it. There are certain economic and social forces in play that enable a progressive tax to make sense. Sociologically, those who succeed and reach the top in what market, will by nature attempt to further limit access to the higher parts of the market in which they are apart of, so as to secure more profit themselves. This creates inequality if certain people have a harder time breaking into markets or the upper levels of some markets. The rich also inherently benefit from the government's protection of the free market more so than the poor. The rich have more investments and rely more on the government's safeguarding of those investments and protecting free trade than the poor who have few investments and who have no control over such trade. The rich just benefit more from the governments service in supporting the free market.

So unless you have some sort of groundbeaking economic theory that would shatter the basis for our country's history of having a progressive tax, i would suggest doing a bit of research into the matter or atleast speack with criticism with some sort of historical relativism. To say that you're getting screwed over is ignorant. To say that our country is headed towards socialism is ignorant. We've have sociliastic policies in our market since the industrial revolution. No economy exists, nor has ever existed, that has been purely capitalistic. So relax.

Someone please explain to me how it is fair at all to have a graduated tax system. People complain that someone making 18,000 per yr has to pay 1800 in taxes. How about if you make 400,000 per year, and have to pay over 100,000 in taxes. How is that fair? A flat tax is the only way to go. If you work harder and make more, you should not have to pay a higher percentage. If both sides would agree to this, then a person like myself, who only voted McCain due to not wanting to get screwed on my taxes, might have voted for Obama.

The "loopholes " is urban legend...

Either u go offshore or u pay taxes to the fullest.

There is no grey area for rich taxpayers.

My belief is that the rich are soft & went with the flow.

Most are old,50+ & have not many good years left to enjoy.

So,they will buy a Porsche Panamera & a Ferrari California, forgo the political battle & go...car driving...

Folks, all politicians, Democrats and Republicans alike, play the "Let's soak the rich!" card every election to win votes. And of course the dumbass American voter falls for it every time. How many poor Democrats have you ever seen in congress? You're dumb as a box of rocks if you believe the Democrats stand up for the so-called "working man". Come on, people, act like you got a little sense. Obama promised to soak the rich but I guarantee you he will provide loopholes for them to get out of it as well. The rich never pay their "fair share", whatever that means.

Maybe we are simply tired of republican candidates that robotically say "less taxes, smaller government" instead of candidates that want to engage in a real discussion about pragmatic solutions to real problems. Just maybe this is the result of republican candidates that appear to lack the intellectual curiosity necessary to lead this country into the future. Simply said - maybe we are simply tired of voting for candidates who we believe are stupider than us. Let's call that the new acid test for the presidency.

"Wealthy" people also voted for Obama, despite his pledging to raise taxes, because they were sick of the old, tired and vacuuous promises of tax cuts which are clearly unrealistic and empty when the whole country has gone broke.

Obama / Biden and their economic team showed a firm grip on reality through promising to target their efforts on the MIDDLE CLASS and the poor; if we do not reintroduce compassion into our society to soften the social divisions and untimately, if people do not have money to spend and consume, then nothing works and especially not for the fellas at the top of the capitalist food chain.

Pretty bloody obvious, really, if you use your head just a little :p

We did not vote for Obama because he is perfect. He is the lesser of the evils. Nothing could be worse than the Bush administration, it was a complete and abject failure. What attracted me to Obama was his comittment to end the gulf war defense contractor boondoggle, invest in a greener energy infrastructure, reinvest in science the key to a better future, stop rewarding rich bankers for screwing up the economy while sating their greed and take a pragmatic and thoughtful approach to foreign policy by leading by example that we took for granted in the past. After all if both parties are committed to making government bigger, it is clear that the democrats are better at it since they have been doing it far longer than the neocons.

You didn't answer your question.

You didn't answer your question.

Even High School newspaper writers would consider this piece terrible . You completely misused the German word Freude, and you said so little in so many paragraphs. There was an overuse of meaningless statistics and I'm not completely sure what it was all about. Catchy heading though.

What good does paying less taxes do you if the Republican's in power screw things up so bad that the market is tanking and your portfolio loses 75% of it's value? If there are no gains to pay taxes on, does paying less really help?

What good does being rich do you if 95% of the rest of the public is having to borrow from their own home equity to live their life?

Why should the rich and corporations get their taxes lowered only to force the country to borrow from China...increasing their power and reducing the value of the dollar?

The answers lie in today's reality.

http://infogiant.wordpress.com/2008/07/17/timeline-part-i-bush-cheney-war-and-oil/

Well, instead of paying taxes to Uncle Sam we'll be paying taxes to Uncle Remus.

What good does paying less taxes do you if the Republican's in power screw things up so bad that the market is tanking and your portfolio loses 75% of it's value?

What good does being rich do you if 95% of the rest of the public is having to borrow from their own home equity to live their life?

The answers lie in today's reality.

Schaden=to hurt. Freude=joy. Schadenfreude=the joy of hurting. To say Bush-hurting, don't use Bushenfreude, which would mean the joy of Bush.

It proves that rich does not mean smart. Soon they will se results of their actions, when they join middle class or even poor. Very rich new what they were doing, Obama will not find their income money and in the same time will bail out the biggest companies effectively redistributng wealth in opposite direction. As for poor - they definitely will have lower taxes, zero to be precise.