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2015 SOTU: The Robin-Hood Distribution Plan

Tyler Durden's picture




 

Submitted by Lance Roberts via STA Wealth Management,

 

 

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Tue, 01/20/2015 - 14:19 | 5684606 Bill of Rights
Bill of Rights's picture

Libya’s OPEC Governor Samir Kamal kidnapped

 

http://www.wsj.com/articles/libyas-opec-governor-kidnapped-1421772959?mo...

Tue, 01/20/2015 - 14:34 | 5684674 Manthong
Manthong's picture

I watched Putin’s address to the Federation.. I watched his news conference which was open to the world press.

I can’t be bothered with the bullshit from this clown tonight and the state news media propaganda regurgitation.

Tue, 01/20/2015 - 14:39 | 5684691 InjectTheVenom
InjectTheVenom's picture

>>>  going to see American Sniper tonite instead

>>>  watching SOTU

Tue, 01/20/2015 - 14:40 | 5684703 Bastiat
Bastiat's picture

Saw Sniper yesterday but will not watch the clown tonight.  That movie is more real than anything Obozo has to say.

Tue, 01/20/2015 - 14:44 | 5684720 InjectTheVenom
InjectTheVenom's picture

sorry very OT here, but is there any way to get rid of all these annoying pop-up ads on ZH ?  Do i need to use a different browser and/or get a particular spyware program ?  Thanx in advance for advice on this !

Tue, 01/20/2015 - 15:19 | 5684926 Zero_Head
Zero_Head's picture

Who remebers Clinterd's Middle Class Tax Cuts?

 

You know, the 'cuts' that raised the tax rates on the middle class by the highest margin ever?

"IF Democrats could not tell lies of call names, they would be silent"

A very smart guy once said that.

 

 

Tue, 01/20/2015 - 15:22 | 5684936 SilverIsKing
SilverIsKing's picture

This is a big whatever.  Only doing this to make the (R)etards look like the bad guys when it doesn't pass.

Tue, 01/20/2015 - 15:23 | 5684950 TheRedScourge
TheRedScourge's picture

Wait a minute...Didn't Robin Hood steal from the tax collector and give to the people?

Tue, 01/20/2015 - 15:59 | 5685102 Manthong
Manthong's picture

Yep, the “steal from the rich, give to the poor” was a class envy perversion of the tale.

Robin Hood stole from the Prince (governor/taxes) to give back to the people.

God forbid the rabble should ever extol the taking of anything away from an abusive state.

Tue, 01/20/2015 - 16:55 | 5685350 eclectic syncretist
eclectic syncretist's picture

With the federal reserve act still in effect it's obvious that redistribution is still skewed towards rhe few.

Tue, 01/20/2015 - 17:11 | 5685422 Chuck Walla
Chuck Walla's picture

Sing it with me...
Santa Claus is coming to town...

FORWARD SOVIET!

Tue, 01/20/2015 - 15:43 | 5685037 LFMayor
LFMayor's picture

Get rid of them?  Dude,  "Fitness Singles" and "Latina Lovers" are some of the best soft pron going!

Tue, 01/20/2015 - 15:27 | 5684969 Greenskeeper_Carl
Greenskeeper_Carl's picture

Saw it too. Probably the best propaganda piece ever made. How can any patriotic young man not sign up to fight for the empire in our endless wars on everything after seeing that? None of our freedoms are being fought for in any of this. Those illusions should have been put to rest in any person who claims to be paying attention years ago.

Tue, 01/20/2015 - 15:28 | 5684973 Antifaschistische
Antifaschistische's picture

"retirement savings programs"

 

anytime I hear this phrase I immediately interpret as a "subsidize Wall Street" program.

Tue, 01/20/2015 - 14:42 | 5684714 Never One Roach
Never One Roach's picture

I pulled up some old "Gunsmoke" TV seruies with James Arness. He's wonderful...they don't men [actors] like that anymore. 

Tue, 01/20/2015 - 15:30 | 5684975 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

>>> taking a big dump

>>> watching SOTU

 

Tue, 01/20/2015 - 16:38 | 5685275 knukles
knukles's picture

A man of total honesty, candor and truth, I, at this very moment, am in the process of consuming an entire 250 count bottle of Rite Aide Colace stool softeners, each with 250mg of ducosate sodium and have standing by, 6 Fleet enemas so as not to miss the party

Wed, 01/21/2015 - 01:25 | 5687123 InjectTheVenom
InjectTheVenom's picture

needledick, you mean ... "taking a big OBAMA"  !!

Tue, 01/20/2015 - 15:49 | 5685046 noben
noben's picture

< Watch something else

< Drink and have sex. Preferably w somebody other than myself.

Tue, 01/20/2015 - 14:35 | 5684678 l1b3rty
l1b3rty's picture

Things just keep on getting stranger. Gold and silver is getting stronger and Marc Faber is getting bullish...

Tue, 01/20/2015 - 14:40 | 5684702 Babaloo
Babaloo's picture

When did Mitt change his name to Lance Roberts?

Tue, 01/20/2015 - 14:18 | 5684609 Racer
Racer's picture

The proposals aim to eliminate loopholes that - in the administration’s words -

“let the wealthiest and big corporations avoid paying their fair share in taxes

 

ROFL, never happen, LOL Ha ha......

Tue, 01/20/2015 - 14:29 | 5684657 glenlloyd
glenlloyd's picture

Ever notice how legitimate tax code becomes a loophole when it's something they want to get rid of? The mortgage interest deduction was the same way, it was fine until someone targetted it for elimination, then it became a loophole...

Tue, 01/20/2015 - 15:08 | 5684856 nuubee
nuubee's picture

How is retreiving money taken from me under threat of imprisonment by using the laws available considered a "loophole"??

Isn't the original theft of my income the actual "loophole"?

There is no such thing as "paying your fair share" of protection money, unless you're literally an enforcer of mob rule.

Tue, 01/20/2015 - 15:34 | 5684996 Greenskeeper_Carl
Greenskeeper_Carl's picture

I have noticed that. I am in favor of anything that keeps money out of these people's hands. All they do with it is cause destruction. And I wish they would stop calling the welfare/ warfare statists of the Republican Party 'conservatives'. The only thing these people care about conserving is that status quo.

Tue, 01/20/2015 - 16:47 | 5685326 knukles
knukles's picture

And they told us Charlie Manson was dangerous.

Ils sont Charlie Manson

Tue, 01/20/2015 - 14:31 | 5684659 NoWayJose
NoWayJose's picture

It won't happen until big money is taken out of politics - or in other wirds - Never!

Tue, 01/20/2015 - 14:33 | 5684673 surf0766
surf0766's picture

Corporations should not be taxed

Tue, 01/20/2015 - 14:45 | 5684730 pods
pods's picture

Not many people understand that corporations do not pay taxes. Individuals pay tax.

Having corporations "pay taxes" merely hides the actual burden of taxes for the indvidual.

Raise corporate taxes and either prices will rise to accomodate for the tax or profit falls to the detriment of the stockholder.
Either way, it is an individual that shoulders the burden.

pods 

Tue, 01/20/2015 - 15:06 | 5684851 Edward Morbius
Edward Morbius's picture

pods,

 

     Stop using common sense, man!

Tue, 01/20/2015 - 15:11 | 5684878 nuubee
nuubee's picture

Stockholders are bagholders at this point anyway.

Tue, 01/20/2015 - 16:19 | 5685200 FrankieGoesToHo...
FrankieGoesToHollywood's picture

Only if the revenue is generated in the jurisdicton of the tax collector.  A corporation which exports to a different tax rate (ie country) will not have pass the tax onto the individuals of the country of origin.  Works great for bermuda and cayman islands.

Tue, 01/20/2015 - 14:37 | 5684682 NoVa
NoVa's picture

the price of oil has tax loophole benefits not widely known, aside from tax CPAs / lawyers.  

Wealthy oil families tend to gift or execute generation skipping trusts to keep their estate value below certain taxable ceilings.  

An Oil reserve valued at $100/bbl inflates the estate and triggers higher potential estate taxes.  By transferring or "selling" the oil interest to a younger generation, the estate tax risk is removed, although the new lower basis generates higher taxable income once the production resumes.  Wealth stays in the family.  

This trick has been played many times over the last few decades.  

Tue, 01/20/2015 - 14:41 | 5684711 surf0766
surf0766's picture

Eliminate the estate tax

Tue, 01/20/2015 - 15:36 | 5685012 GeezerGeek
GeezerGeek's picture

All I expect to leave my wife and son is a piece of stainless steel engraved with the GPS location of my boating accident.

Tue, 01/20/2015 - 15:22 | 5684937 FireBrander
FireBrander's picture

So, Obama has gone full circle retard lying bastard.

2008: "Main Street (Middle Class) first; trickle up economics"

2009: "We must save Wall Street (Upper Classes) in order to save Main Street"

2010 2011, 2012, 2013, 2014: "Wall Street has been saved!"

2015: "middle-class-friendly initiatives; trickle up economics"

When he has all the power in the world to institute "trickle up economics", the SOB throws us under the bus...and now, with the Right in charge of the Congress, he proposes "trickle up economics" which has NO CHANCE IN HELL OF PASSING.

Tue, 01/20/2015 - 15:41 | 5685026 GeezerGeek
GeezerGeek's picture

Who cares what he says? His agenda is to destroy America, the American middle class, and any vestiges of Western Civilization. I'd say he's been rather successful thus far.

And who's going to oppose him? Certainly not the Boehner/McConnell puppets. How in the world did the author come to the conclusion that Congress was now controlled by 'conservatives'? Methinks he's been inhaling too much hopium.

Tue, 01/20/2015 - 14:21 | 5684610 Pool Shark
Pool Shark's picture

 

 

Yawn,

Here's a list of Obama's 112 Broken Promises from prior SOTU Addresses:

 https://grabien.com/story.php?id=20735

Tue, 01/20/2015 - 14:30 | 5684655 Romney Wordsworth
Romney Wordsworth's picture

 "You DICK!"

~Spicoli [4 Prez]

Tue, 01/20/2015 - 14:39 | 5684689 NoVa
NoVa's picture

Mr Hand,

since I'm here and your here, doesn't that make it OUR TIME - 

to Spicoli, your right.  The same with the pizza!

 

Tue, 01/20/2015 - 15:52 | 5685067 Romney Wordsworth
Romney Wordsworth's picture

have a slice [on me] my good friend! :-)

Tue, 01/20/2015 - 15:24 | 5684949 FireBrander
FireBrander's picture

One mans "broken promise" is another Lobbyist, Crony Capitalists, promise kept.

Tue, 01/20/2015 - 14:24 | 5684620 LawsofPhysics
LawsofPhysics's picture

Would have been nice to try reverting to this tax structure and maintaining a "mark to market" (i.e. mark to reality) economy.  Far too late nowas those who have committed and benefitted from the massive and ongoing fraud are not going to indict themselves. Nor will they give up power and control.  They willkeep threatening with "tanks in the streets" to keep the ZIRP and mark to fantasy going.

I personally, see the coming reset as a time of great opportunity.

Tue, 01/20/2015 - 14:26 | 5684635 El Vaquero
El Vaquero's picture

They will not indict themselves, but the amount of rope that they're taking tells you that when they finally do hang themselves, the drop is going to be so great that their heads will pop clean off.

Tue, 01/20/2015 - 15:47 | 5685051 GeezerGeek
GeezerGeek's picture

That's one reality series I'd like to watch.

Tue, 01/20/2015 - 14:23 | 5684622 Ness.
Ness.'s picture

The HNIC is conversatin' tonight.  Who here thinks stocks will close red today?  LOL.  Me either.

Tue, 01/20/2015 - 14:23 | 5684627 LawsofPhysics
LawsofPhysics's picture

Mark to fantasy forever!!!

Tue, 01/20/2015 - 16:01 | 5685118 Ness.
Ness.'s picture

Hey, we're green.  Whaddaya know?  What do I win?  

Tue, 01/20/2015 - 14:25 | 5684631 HellFish
HellFish's picture

Both Houses of Congress are not controlled by Conservatives they are controlled by Republicans - there is a BIG difference.

Tue, 01/20/2015 - 14:30 | 5684650 NoWayJose
NoWayJose's picture

It will take a strong conservative president to move the moderate republicans - and Rumney and Bush III are NOT it.

Tue, 01/20/2015 - 15:19 | 5684919 August
August's picture

Chistie - Rubio.

The Next Republican Axis!

Tue, 01/20/2015 - 14:46 | 5684718 mr. mirbach
mr. mirbach's picture

Both Houses of Congress are not controlled by Conservatives they are controlled by Corporations and special Interests - there is a BIG difference.

FIFY!

Tue, 01/20/2015 - 14:49 | 5684766 El Vaquero
El Vaquero's picture

Kill K Street!

Tue, 01/20/2015 - 15:53 | 5685066 GeezerGeek
GeezerGeek's picture

Saying that both houses of Congress are controlled by corporations would hide the fact that a different political party is in charge. Congress was controlled by corporations before the 2014 elections. It was controlled by corporations before the 2010 elections. And on and on I could go back in time, but you get the point. The puppets have changed, not the puppet masters.

Tue, 01/20/2015 - 15:25 | 5684956 FireBrander
FireBrander's picture

Conservatives campaign as Conservatives; then govern like Republicans...

Tue, 01/20/2015 - 15:59 | 5685097 GeezerGeek
GeezerGeek's picture

I view it more as Republicans (RINOs actually) campaigning as conservatives and then reverting to their true nature if/when elected. Some may start as conservatives and 'evolve' into RINOs, but not all. What the Constitution lacks is a way to allow ordinary citizens to force (beyond mere removal from office via the voting booth) elected officials to live up to the oath of office. 

Tue, 01/20/2015 - 16:59 | 5685375 eclectic syncretist
eclectic syncretist's picture

Your epiphany will be the realization that there is only one party now.

Tue, 01/20/2015 - 18:43 | 5685749 Blano
Blano's picture

Bingo.

Tue, 01/20/2015 - 14:26 | 5684632 orangegeek
orangegeek's picture

Not Robin Hood.

 

A fucking communist pig packaged up to look like Robin Hood.

 

FUCK YOU BARRY!!!

Tue, 01/20/2015 - 16:02 | 5685123 GeezerGeek
GeezerGeek's picture

Not like Robin Hood at all, if I remember the story correctly. RH was opposed to the actions of the state (represented by the Sheriff of Nottingham) that imposed onerous taxes on the serfs to the benefit of the oligarchs. RH was, by that understanding, doing what he could to reduce the tax burden and oppose over-taxation.

Tue, 01/20/2015 - 14:27 | 5684641 NoWayJose
NoWayJose's picture

I really do not have any problems increasing taxes on the 1% if there are two conditions attached - one is to remove the loopholes that Warren Buffett uses, and two would be to cut spending an equal or greater amount (rather than redistributing the tax revenue). I doubt my idea will pass any vote,

Tue, 01/20/2015 - 14:47 | 5684748 pods
pods's picture

The only thing that raising taxes on the 1% does is to keep rich people from becoming wealthy.

You could try and take all of Buffet's money through taxation, and you know what, he will buy everyone off.  That is what the wealthy do.

High marginal rates are a shield to keep most high income earners from becoming wealthy.

pods

Tue, 01/20/2015 - 15:29 | 5684972 FireBrander
FireBrander's picture

That is why social/economic systems should be designed to minimize the number of super wealthy....5 billionairs and 300,000,000 poor is not a recipe for peace and prosperity.

Follow the Right and you get the 5 Billionairs...Follow the Left and you get 300,000,005 poor...time for something different.

Tue, 01/20/2015 - 16:14 | 5685175 GeezerGeek
GeezerGeek's picture

As so often happens, I do not understand your definitions of Right and Left. Are you suggesting the Right is populated by fascists who manipulate the government to enrich themselves? I don't.

I prefer free markets to manipulated ones. If an athlete or entertainer becomes a billionaire because people are willing to pay to see his performance, so what? And Bill Gates didn't get rich by manipulating the government, but by convinicing people they needed his products. That can occur under limited government. But if a banker or CEO of some corporation becomes a billionaire by controlling the way government operates/distributes money, that's something different. That requires big government, because it has to be big enough to bestow those sorts of benefits on the favored few.

Tue, 01/20/2015 - 14:28 | 5684644 i_call_you_my_base
i_call_you_my_base's picture

It's all moot since none of it will pass, but honestly, I don't give a fuck about rich people. Fuck 'em. They "earn" all of their money in a corrupt system of cronyism, graft, and financial fraud. Maybe if they fix that I'll change my tune about their taxes.

Tue, 01/20/2015 - 14:37 | 5684687 Renov8
Renov8's picture

What an ignorant statement, if I ever heard one.

 

 

I have worked my entire life to build some wealth and opportunity.   I earned it.  No one gave it to me.

 

Fuck you for being a populist loser and a drain on society.  Go troll another forum.  Asshole!

Tue, 01/20/2015 - 14:41 | 5684708 i_call_you_my_base
i_call_you_my_base's picture

"Fuck you for being a populist loser and a drain on society."

It's likely that I make more money than you do.

Tue, 01/20/2015 - 14:46 | 5684743 Overfed
Overfed's picture

.gov job?

Tue, 01/20/2015 - 14:51 | 5684767 i_call_you_my_base
i_call_you_my_base's picture

No, fucking Renov8's wife.

Tue, 01/20/2015 - 15:02 | 5684832 Renov8
Renov8's picture

My wife, your sister, Bitch!

Tue, 01/20/2015 - 15:00 | 5684821 Renov8
Renov8's picture

It's likely I MADE more money than you did.

Tue, 01/20/2015 - 15:03 | 5684839 i_call_you_my_base
i_call_you_my_base's picture

Unlikely, but not provable regardless.

The difference is that you think you're a part of the "rich". You're not. And I'm not. Real rich people make you think you are a part of their group so that you defend their 10% effective rates, while paying 30%. They laugh at people like you, because you enable them to call all of this bullshit "redistributive". But they'll raise your taxes in a second and call it par for the course.

In other words, you're a sucker and a mark.

Tue, 01/20/2015 - 15:06 | 5684861 Renov8
Renov8's picture

Whatever floats your boat Bubba.

 

Neophyte!

Tue, 01/20/2015 - 14:29 | 5684649 FrankieGoesToHo...
FrankieGoesToHollywood's picture

I quit reading after he poo-poo'ed tax the big banks.  The Author dismisses the concept since it is pass-through.  In his own words, it only applies to big banks with $50B in assests.  My local credit union will not be subject and therefore no "pass through"  The Author is a shill for the banks.

Tue, 01/20/2015 - 14:32 | 5684661 ebworthen
ebworthen's picture

Lame duck banker whore talking to a room full of banker whores.

If citizens believe anything they hear about being represented or getting a fair shake they're dopes.

Tue, 01/20/2015 - 15:22 | 5684941 August
August's picture

Too soon old, too late smart.

Tue, 01/20/2015 - 14:31 | 5684666 Seasmoke
Seasmoke's picture

Robin the white man, to pay for the Hood !!!

Tue, 01/20/2015 - 14:45 | 5684728 Yen Cross
Yen Cross's picture

 Fantastic observation... The hood being D.C. ~ Kstreet

Tue, 01/20/2015 - 15:24 | 5684953 Zero_Head
Zero_Head's picture

Anyone know what happened to the BILL CLINTON PRINCE ANDREW ALAN DERSHOWITZ Pedophile Island Story? It's now like it never happened....Did Obama go there too? I mean for underage boys.

Tue, 01/20/2015 - 15:51 | 5685061 Yen Cross
Yen Cross's picture

 Prince Andrew should be decapitated by " butter knife".

Tue, 01/20/2015 - 16:21 | 5685204 GeezerGeek
GeezerGeek's picture

The SNB was encouraged to create a diversion. Nothing damaging to the oligarchs lasts more than a day or two. Something else always comes up, be it a terrorist (yeah, right...) attack, a financial semi-black swan, or whatever. The truth may come out, but quickly gets swept into the dustbin of history. Thanks, MSM.

Tue, 01/20/2015 - 14:35 | 5684677 adr
adr's picture

If you paid taxes on your wealth, it shouldn't be taxed again if it is inherited. But right now it is middle class people who get screwed since everything counts as income and taxed that way. 

I got screwed on a $5000 reimbursement payment and had to pay additional taxes because of it. It wasn't income, it was a repayment for invome I had to spend. Sorry, the IRS saw it as income and said I didn't withhold enough taxes because of it.

Then you have the marriage penalty causing withholding problems. $500 doesn't go anywhere to pay for child care if both parents work decent jobs. Low income people will already be getting government aid anyway, plus EIC, SNAP, etc that add up to a whole lot more than $500.

Tue, 01/20/2015 - 15:04 | 5684842 homonohumanus
homonohumanus's picture

you get taxed twice, when you make the money and when you transmit it...

Only the richest have the mean to hide their wealth from the cleptocrates claws.

Tue, 01/20/2015 - 16:31 | 5685239 GeezerGeek
GeezerGeek's picture

Don't overlook Social Security. Not only are you taxed on what is withheld as FICA when you get paid, but up to 85% is subject to taxation once you start collecting SS if you have other income. For 2014 I ended up paying a marginal rate of 30% for each subsequent dollar I withdrew from an IRA. More taxable dollars withdrawn results in more SS income being taxed. Great system we have there. People saving in an IRA should be aware that they may be in a lower tax bracket upon retirement, but their marginal tax rates my be significantly higher. 

Tue, 01/20/2015 - 14:35 | 5684681 youngman
youngman's picture

What nothing about rebuilding Ferguson......you have to do something about the uneducated asphalt apes......

Tue, 01/20/2015 - 15:24 | 5684945 Zero_Head
Zero_Head's picture

KOKO the Gorilla has an  IQ of 82.5....NAPAs= 78...Perhaps Americans elected the wrong lesser primate?

 

Tue, 01/20/2015 - 16:33 | 5685253 GeezerGeek
GeezerGeek's picture

Well, Obama did propose sending them to community college for free, didn't he? They can spend two years taking remedial math, remedial ebonics, Entitlements 101, Justifiable Rage For Beginners, etc.

Tue, 01/20/2015 - 14:43 | 5684710 Batman11
Batman11's picture

The richest person in the UK is the Duke of Westminster he inherited it.

His father probably inherited it and so it goes back generations.

An inheritance cap seems to be a good idea.

It doesn't hit many but whacks the 0.1% and helps to alleviate the taxes on everyone else.

 

 

Tue, 01/20/2015 - 14:42 | 5684719 surf0766
surf0766's picture

To ba FAIR if we are going to whack the top %.1 we should do the same to the bottom %.1

Just to be FAIR

Tue, 01/20/2015 - 14:55 | 5684802 Batman11
Batman11's picture

This approach has destroyed global demand.

Too few people with too much and the vast majority with too little is a demand killer.

 

 

Tue, 01/20/2015 - 15:02 | 5684835 homonohumanus
homonohumanus's picture

may you be right, I'm scare there could be a more radical approach to 'killing' demand coming.

Tue, 01/20/2015 - 14:47 | 5684751 Never One Roach
Never One Roach's picture

Yeah, well Mr Bean is the wealthiest actor in the uk. The good side he gives tons of it away to fairly good causes.

Tue, 01/20/2015 - 15:01 | 5684829 homonohumanus
homonohumanus's picture

Hum... that is when various form of NGO comes into play to hide one's family wealth... and also prevent 'black sheeps' in a family to dillapidate the aforementioned wealth.

 

One good start is to prevent the state to grant benefit to special interest groups be them rich... or poor and to focus on the real purpose of law.

Tue, 01/20/2015 - 14:43 | 5684713 Grimaldus
Grimaldus's picture

There are no conservatives in Congress. Only progressives of varying degrees.

Remember this?

This middle class income tax increase is a clear violation of President Obama's “firm pledge” against “any form of tax increase” on any family making less than $250,000. This promise to the American people is documented below:

Speaking in Dover, New Hampshire on Sept. 12, 2008, candidate Obama said:

“I can make a firm pledge. Under my plan, no family making less than $250,000 a year will see any form of tax increase. Not your income tax, not your payroll tax, not your capital gains taxes, not any of your taxes.” [Video]

During a nationally televised Vice-Presidential debate in St. Louis on Oct. 3, 2008, candidate Joe Biden said:

“No one making less than $250,000 under Barack Obama’s plan will see one single penny of their tax raised whether it’s their capital gains tax, their income tax, investment tax, any tax.” [Transcript]

In an address to a joint session of Congress on Feb. 24, 2009, President Obama restated the promise in forceful terms:

“If your family earns less than $250,000 a year, you will not see your taxes increased a single dime. I repeat: not one single dime.” [Transcript] [Video]

 

https://www.atr.org/obama-tax-hike-college-savings-plans-breaks-middle-c...

 

Progressives cheer for moar......

 

Grimaldus

Tue, 01/20/2015 - 15:37 | 5685017 silverer
silverer's picture

I guess the minus you got was from a government pensioner.

Tue, 01/20/2015 - 14:46 | 5684736 economessed
economessed's picture

All of this theater and drama over raising taxes on some folks, helping the middle class, creating opportunity, making education available, strong defense, terrorist threats.....

None of it matters - it's all just forced air moving over vocal chords.  The only thing that matters is that the Federal Reserve keeps printing money to buy just a little more time.  Because the productive people in this country have lost their life capacity to fund this government, and without issuance of unimagineable amounts of new debt, the empire will crumble.

Tue, 01/20/2015 - 15:15 | 5684900 cro_maat
cro_maat's picture

The empire crumbled a long time ago.

China (our biggest creditor) is borrowing against those Treasuries they own and are completing the great U.S. asset grab as we speak.

Even the Fed's printing of fiat is all theater: No money fiat velocity and  trade is increasingly being settled outside the $.

Tue, 01/20/2015 - 14:47 | 5684752 mr. mirbach
mr. mirbach's picture

Robin Hood didn't steal from the rich - read the damn book! Robin Hood took back wealth taken by force by corrupt government and returned it to the people it was stolen from.

Tue, 01/20/2015 - 14:52 | 5684775 reTARD
reTARD's picture

Instead of SOTU, how about STFU?

Tue, 01/20/2015 - 14:55 | 5684793 baldski
baldski's picture

Hey Lance, are you one of the 1%ers ? Either we get some of your money via the IRS or via a pitchfork, take your choice!

Tue, 01/20/2015 - 15:07 | 5684853 Prober
Prober's picture

I welcome all the parasites & thieves like you trying to come get some of the money that I earned. All your troubles will be ended. Make my day !

Tue, 01/20/2015 - 14:54 | 5684795 imbtween
imbtween's picture

I'll take this proposed "Robin Hood distribution plan" over the massive Reverse-Robin-Hood plan we have in action right now.

Tue, 01/20/2015 - 14:59 | 5684813 wmbz
wmbz's picture

The State Of The Union Show... ~Uh,uh you know what I'm gonna do? I'm gonna keep taking stuff from some folks and givin it to others~

I'd sooner snip off my little toe with a dull pair of rusty nail clippers than listen to or watch the Obozo Buffoon flap his gums and ears in a litany of horse shit. Doing so woud be a huge waste of time in ones life.

 

 

Tue, 01/20/2015 - 15:00 | 5684822 JetsettingWelfareMom
JetsettingWelfareMom's picture

So let me get this straight--I get money to give a stranger to watch my kids while I work, but the government won't pay me to watch my own kids?

Government job creation. :-P

Tue, 01/20/2015 - 15:17 | 5684910 Mike Honcho
Mike Honcho's picture

You seem confused in the simplest of ways.

Tue, 01/20/2015 - 17:12 | 5685417 falak pema
falak pema's picture

I guess nobody wants to die at Yorktown anymore. Especially the 1% who run government. 

Tue, 01/20/2015 - 15:00 | 5684826 Son of Captain Nemo
Son of Captain Nemo's picture

"With both houses of Congress controlled by conservatives, the likelihood of any of these proposals actually passing into law nears "zero." This will leave the President with his nuclear option of "excutive orders" to move his agenda down the field, but even that is likely to be viciously contested in the months ahead."...

Which Congress fuly endorsed when they authorized the 2011 NDAA through both House(s) which the Presdient signed on the last day of that year December 31, 2011 which he previously declared unconstitutional with the part of that document that says he has the authority to be "judge", "jury" and "executioner" to any U.S. citizen inside or outside the United States if "he alone" declares them a threat!...

Fixed it!

Tue, 01/20/2015 - 15:56 | 5685084 dexter_morgan
dexter_morgan's picture

With both houses of Congress controlled by conservatives, the likelihood of any of these proposals actually passing into law nears "zero.

That sentence of his is laughable. Conservatives in Congress? WHERE???? Vast majority of Republicans aren't conservatives - basically democrat lite.

Maybe this was supposed to be a comedic post aby the author.


Tue, 01/20/2015 - 18:31 | 5685705 Blano
Blano's picture

Beat me to it. 

Laughable that anybody thinks conservatives control anything in Mos Isley, aka DC

Tue, 01/20/2015 - 15:14 | 5684901 dexter_morgan
dexter_morgan's picture

So, there has been a massive transfer of wealth from lower 99% to the wealthist 1% over last 8 or 10 years, so the solution is to redistribute some from the 50-99%'ers to the 0-49%ers.

Brilliant fucking plan Einstein! Hows about you go after that 1%? Oh yeah, forgot THEY OWN YOU.

Tue, 01/20/2015 - 15:21 | 5684923 Mike Honcho
Mike Honcho's picture

The only pro taxation I care to state is financial transaction tax, aka HFT tax.  Otherwise shrink the gov and reduce taxes all around.  They are the issue, not who or where to tax.

Tue, 01/20/2015 - 16:27 | 5685223 Augustus
Augustus's picture

They don't need to put a transaction tax on frequent trades.

Just require that all of the offers on the Bid or Ask be maintained for 10 seconds.

Tue, 01/20/2015 - 15:28 | 5684964 I Write Code
I Write Code's picture

I can't parse what you said - this WILL or WON'T go after the "trust fund" loophole?  There was some mumble that it *would* have exemptions for small business, but of course no details.

The BIG loophole is the one Warren Buffet and Bill Gates use, the FOUNDATION loophole.  If Obama wants to close that one, and make it retroactive by about 100 years, I'm all for it.

What is actually being proposed has no chance of getting through a Republican Congress, and is actually too small to matter if it did.  OTOH I have no reason to believe the Republicans are going to attempt anything worthwhile, and no reason to think that if they did, Obama would sign it or the Democrats would join in to override the veto.

The US is basically closed for business for the next two years, except for more Obama executive orders, unless and until Obama is impeached and removed from office.  And with the Congress we have, in both parties, I doubt even that would change much.

Tue, 01/20/2015 - 15:35 | 5684997 silverer
silverer's picture

Sometimes I think the only reason they don't just confiscate everything is that someone would have to run the businesses that produce tax revenue, and they don't know how to do that.  They only know how to take away what productive people in business produce.

Tue, 01/20/2015 - 16:24 | 5685131 Augustus
Augustus's picture

There are already estate taxes imposed upon large estates.  Those estates are valued using market value of assets.

The only people who escape some of this are the relatively middle class heirs.  Two, three, or four people splitting up the $4.5 million estate can use the step up basis and pay no tax.  Of course, people with a moderate size home and some investments can easily have several million in estate size without being anywhere near being considered wealthy.  Those people in NYC who have owned that bed bug and rat infested apartment for 25 years or so will really be coughing up the cash.

Also consider that Social Security began as 1% on employer and employee.  Now the combined rate is 12.5% and is not considered a deduction from income before Income Tax calculation.  Where did the money once available for savings go?  O'Bumbles and the pols already got that.

As additional remedy to help the middle class, he is proposing to tax those 529 college savings plans.  All to make sure that the children are required to go the community college and be thankful for his handouts.

 

BTW, O'Bumble has called for tax increases in every one of his SOTU lie sessions.

Tue, 01/20/2015 - 16:13 | 5685173 basho
basho's picture

it's all BS. he hasn't done anything in the last 6+ years.

it's all going to happen now.

he's not only a lame duck, he's a mentally challenged lame duck. lol

Tue, 01/20/2015 - 17:28 | 5685487 MuleRider
MuleRider's picture

I really wish that, instead of delivering the SOTU, this POS POTUS would just STFU. 

Tue, 01/20/2015 - 18:29 | 5685696 AlwAySwoRkiNg
AlwAySwoRkiNg's picture

Robin hood stole from gov't not the rich.  He was an anti tax guy...get your story right

Tue, 01/20/2015 - 19:50 | 5685973 gcjohns1971
gcjohns1971's picture

What about the 'Argentina Plan' don't you understand?

No one actually thinks this is good for the country.

The plan's supporters just think it will be good for them personally.

Most of them are wrong.

Tue, 01/20/2015 - 20:45 | 5686165 Creepy A. Cracker
Creepy A. Cracker's picture

"With both houses of Congress controlled by conservatives,"

What?  When did Boehner, McConnel, McCain, et al, resign for conservatives to win?

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