This page has been archived and commenting is disabled.
It's Only Fair To Tax The Wealthy, Obama Says: "They Are Society's Lottery Winners"
In yet another attempt to stoke the wealth divide that he, and the Federal Reserve have created and pushed to French revolution levels, yesterday Barack Obama had some more comments about the uber wealthy, the same uber wealthy who are shoveling hundreds of millions of dollars in "speaking fees" and other contributions into the charity of that other Democratic middle-class champion, Hillary Clinton.
(And speaking of France, maybe Obama should speak to that other socialist Hollande about how France's 75% tax on millionaires worked out).
In this particular case he was envisioning America's hedge fund managers as an example of all that is uber-wealthy, the people who indirectly through personal and corporate lobby money are in control of Congress, and was hinting at yet another attempt to raise their taxes. As Bloomberg reports, Obama whose crowning achievements are one by one being taken away from him, with Obamacare in peril and the TPP crushed by his own Democrats in the Senate, has had a longstanding proposal to raise taxes on what is known as carried interest. It has gained little traction in Congress and certainly hasn't been approved by Obama's own tax advisor Warren Buffett, who is all for raising income tax but is oddly mum on the topic of financial asset taxation.
Still, Obama has not given up and once again invokes the infamous fairness doctrine, saying that "fairness demands that the nation’s wealthiest pitch in as more and more Americans are falling behind."
Why does "fairness demand" anything? Because according to Obama America's wealthy are nothing more than society's lottery winners. From the Daily Caller:
The top 25 hedge fund managers made more than all of the kindergarten teachers in the country. So, when I say that, I’m not saying that because I dislike hedge fund managers, or I think they are evil, I’m saying that you’re paying a lower [tax] rate than a lot of folks who are making $300,000 a year. You pretty much have more than you’ll ever be able to use in your family will ever be able to use.
There’s a fairness issue involved here. And by the way, if we were able to close that loophole, I could now invest in early childhood education to make a difference. That’s where the rubber hits the road. That’s … where the question of compassion and ‘I’m my brother’s keeper’ comes into play. And if we can’t ask from society’s lottery winners to just make that modest investment, then really this conversation is for show.
Of course, "society's lottery winners" simply because they have all the money and influence, will never agree to voluntarily part with their wealth by handing over more of it to Uncle Sam. Instead they will bribe Congress with a fraction of what taxes they would pay to crush any incipient tax reform.
After all they "won the lottery" precisely because they knew how to best game the system.
Instead what they will stronly "suggest", is for the Fed to go ahead and fund America's money needs by way of continuing to monetize its deficit: it may even require a rate hike first just to make sure the economy resumes its depressionary ways, just so there is cover for QE4, QE5 and so on.
And yes, for those who wonder, it was this "deficit monetization" process that since it was first launched in 2008, has made them richer than anything conceived in their wildest dreams.
They also won the lottery because they were smarter. Supposedly. Because as the cartoon below shows, that particular question is certainly up for debate in recent years...
»
- 40308 reads
- Printer-friendly version
- Send to friend
- advertisements -
Anybody who thinks the rich, "worked," for it is clueless.
You're an idiot. Enjoy your food stamps, pleb.
How about you spend and bomb less - Dumb Fuck!
Aside from the tax rate, what the fuck is a progressive politician doing referencing somebody Other Than a Hedge making $300,000 per annum?
He must be surrounded by gozillionaires.
Recycled campaign bullshit from 8 years ago? Me thinks so.
Hillary even riding this dead horse in her latest "I'm here for middle America, cuz damn-it, I care" campaign bs.
Ah, it's the old "Steal from the rich & give to the poor" robin hood solution....
Where the people pay more in taxes, the government has more money to blow, and we all end up poor as a result...
NO THANK YOU.
Left - Right
Democrat - Republican
Owned by the same puppet masters (they own Hillary, Jeb, Obie,
Shrub, Billy)
It's ALL KABUKI THEATER FOLKS
WAKE THE FUCK UP
THEY USE WORDS BLAH BLAH BLAH TO CREATE FALSE ILLUSION OF CHOICE
Flat tax, straight up. Everyone shits out 15%, no deductions or any of that fucking around. Problem would be fixed.
Anybody remember this?
"I did not run for office to be helping out a bunch of fat cat bankers on Wall Street," Mr. Obama said in an interview on CBS's "60 Minutes" program on Sunday.
-- Dec., 2009
Is there ANY reason to begin to think you should start to consider that anything Barry says is not a diversion from his real objective?
Maybe what he was thinking was this: "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street. I ran for office so I could make myself rich beyond my wildest imagination. Now those fuckers on Wall Street better pay up or the shit gonna start to fly”
-- Barry the Pimp
Vincenzo Coccotti: Sicilians are great liars. The best in the world. I'm Sicilian. My father was the world heavy-weight champion of Sicilian liars. From growing up with him I learned the pantomime. There are seventeen different things a guy can do when he lies to give himself away. A guys got seventeen pantomimes. A woman's got twenty, but a guy's got seventeen... but, if you know them, like you know your own face, they beat lie detectors all to hell. Now, what we got here is a little game of show and tell. You don't wanna show me nothin', but you're tellin me everything. I know you know where they are, so tell me before I do some damage you won't walk away from.
-- True Romance written by Tarantino
Mr. 0bama, I totally agree.
All those lottery winners who work for the government and pull in well over six figures a year for not showing up to work, sleeping on the job, spending our tax dollars on stupid shit and watching porn all day...yes, all those people should be taxed to the hilt. A 90% federal rate for those who make over $1 a year should be fair.
Yup, no one wants to talk about the waste in a 4 trillion dollar budget. They just want to take more from the people who actually work for a living.
Well, I guess we can all stop pretending this is a functional Democracy, accept the dictates of the Banking Cartel, and call it a day?
Of course QE must be paid for....
Since most of our jobs are overseas and our imports stats look like hell, can't you just see Greece in your future?
http://www.tradingeconomics.com/united-states/imports
For the life of me, I can't figure out why someone would allow the government to propose a solution to a situation they created through cronyism, special interests, and vote buying. Really? This time it's different?
No one should legislate income. Anyone who creates value is entitled to maximum income, I do wish they had some ethics and would decide lower pay would be worth it to employ people in their communities though rather than outsource to third world countries. Oh, financial engineers and rich lobbyists, you can fuck off and die. You create no value.
Exactly. Why someone like Warren Buffet isn't paying everyone who works for him more is beyond me. If you made a million dollars a year, it would take you 50,000 years to earn Uncle Warren's 50 billion dollars. How many lifetimes of money do you need Warren? It's the ultra wealthy that have created ways to avoid paying taxes and can pass their wealth on for generations. Its the people making a few hundred thousand a year that get the shaft.
Amen brother
It really all boils down to moral decisions.
Sadly some people think they are better than most. You know, live and work around them. You know what is right and sadly they don't care.
Has there ever been a day where men were not killing men.
Where is your moral compass pointing?
Vincenzo - One of the best conversations on film. "You are part eggplant."
"Flat tax, straight up. Everyone shits out 15%, no deductions or any of that fucking around. Problem would be fixed"
Simplicity would be awesome thats for sure. But .gov won't go for that. Bye bye IRS, tax accountants, and reams of legal teams etc that are parasites of the tax code. And gone would be the vote buying scheme that the current tax code is for the politicians. Not gonna happen.
Fair & Taxes don't belong in the same sentence....
At least some people get it....
https://lh4.googleusercontent.com/-UPlUXWy9wBE/VVLTkRQNH4I/AAAAAAAAhiY/Y...
15% Flat Tax? Fuck that. 7% accross the board with a 50 year moratorium on it so these Criminal Scum Fucks cannot jack it up.
Better yet, pack a Gun & pay no tax to the Criminal Fraud UNITED STATES, CORP. INC. Stop CONSENTing to this Fraud.
Yup and since we have tried years upon years of "free trade" it is time for a little tarriff program to make up any slack. You can wage equalize the percentage by country. No exceptions. Then American worker will be on an even playing field with $8 / day labor rates in the PRC. Then competition would then be "fairer". This country used tarriffs and had ZERO income tax back when things were booming. Time for some "regressive" tax policies.
And as a bonus you get to disable an entire criminal enterprise - IRS, CPAs, Tax ATTYS...all unemployable in any other capacity.
15% might be an 'improvement' over how it is today, but 15% is still way too high. maybe .5% would be ok? 15% is no panacea...
They are using tax as a punishment. They claim it is some compensation for good luck, be it a decent upbringing, a good job, hard work, intelligence or theft. They want to group it all together you see.
Punish "wealth", not injustice or even criminality. We watch as they investigate, spending millions, of Goldman or JPM or another big TBTF outfit, only to "fine" them, and set them back on their way. Just another tax, a vig, a piece of the action. They will let ANYTHING go as long as they get to "wet their beak". They have successfully grouped the con men, crony accomplices and down right thieves in the same group as those who have worked diligently to build a business, to create jobs and products and services that they can be proud of.
No, lots of rich people "didn't build that". True enough given many have ridden the corrupt coat tails of their bought and paid for congressmen. But they find themselves being grouped with those who have worked decades to create something. They are all taxed the same, with the one big difference that they ARE NOT. They buy protection through laws that deliberately provide them shelter from the taxman while bemoaning the plight of low income workers who pay NO tax and demanding the rich pay more. Not only do these scoundrels escape taxation, they also are on the gravy train for fast an d easy money to easily cover any taxation cost they might be forced to endure for public appearance sake.
These assholes are using taxation as a means to destroy the middle class worker and small business person.
From those according to their means.
To those accorging to their needs.
BTW I really need a villa in Monaco, a G650, and a strecthed bulletproof Veyron.
Twenty billion for the Presidential Helicopter Mr President?
Sounds like we should pay the hedge fund d folks MORE actually.
Reminds me of Dillinger's reason for robbing banks.
too true. on this one issue amazingly however obozo is correct. income from whatever source should be taxed at the same rate. the way to solve the problem is to do away with the fictional and idiotic capital gains rate differential and make it the same as the income tax rate, all at a low 15%. Capital gains of course would have to be able to take account of things like the inflation foisted on the public by the fucking fed and there would need to be some other tweaks as well. obviously if you invested in something in 1950 for 1,000 and today it is "worth" 1,000,000, you dont pay the rate on 999,000, because that 999,000 today doesnt buy what it did in 1950, not even close. You would discount the 1,000,000 by the rate of cpi over the intervening 65 years using suitable mathematics to account for compounding. Then pay the normal income tax rate on the difference between 1,000 and whatever 1,000,000 discounted to today is, probably like 1,001 or something. So you would owe a few cents. Capital losses would be deductible too. Anyhoo, not as easy as it sounds but way better than the fiction we have. The tax code is a total clusterfuck
Yes, agreed. Lets just not "tax" corruption and criminality at the same rates as real earned legitimate income. Lets enforce some fucking laws, like congressional insider trading and back door deals with banks and other financial types. Lets enforce laws that bust government officials asses for having taken ANY money from donors who later get contracts. Fuck these people.
90% of our problems will disappear when real productivity is rewarded and graft is punished.
how about: unregulate everything financial, then no one would be breaking any laws? as it is, it seems you and your friends pretend to know what's best for everyone else.
Yes and try taxing gifts to foundations and non-profits at the "gift tax rate" since they are by all definitions a "gift". The rich though have turned them into a tax deduction program.
Charities. HaHaHa. One of my favorite scams.
The way to fix that is to do what they did to health insurance companies - require them to pay out a minimum % of what they bring in, only allowing say 20% deductions for expenses, wages, marketing, etc. Some charities expense 90% plus of what they raise.
AKA the full employment act for accountants.
Fuckin welfare queens....in the gov.
He can't go after family trust funds you know like them really rich types, Rothschild's, Oppenheimer's, Warburg's, Kuhn's, Loeb's, Rockefeller's, Baker's, Morgan's etc. The ones whose individual family members and in turn their namesakes that never show up in those richest lists because of a thing called double taxation. But even then they still get them and all of us on double taxation through sales tax after income taxes have already been paid on those dollars earned. Estate and inheritance taxes are also a form of double taxation especially when it goes to next of kin.
Maybe what he and these other populist twats like Elizabeth Warren and Bernie Sanders need to do is campaign on the fact the rich don't consume enough and then focus the mob rules aka democracy they so want on the size of these people's trust funds as proof of this. They didn't earn that money that is already in the trust fund, their ancestors did so you certainly can paint them as society's lottery winners on that logic. Force them to spend it or pull it out of the system to keep it. You'll see the mother of all socialist redistribution of wealth schemes if it could be pulled off.
maybe we should just burn peoples' stuff when they die; no inheritance tax; no inheritance either. or maybe find a way to just give all that stuff away at random (yeah right, it would never be rigged). in any event, inherited wealth creates some seriously retarded people.
Here's what will happen - raise taxes on those making over $300k a year and then when we are all billionaires after hyperinflation hits, all of us pay the tax.
Same exact game happened throughout the past 100 years when the definition of "rich" wasn't ever adjusted for inflation.
This Obama should stop sucking cocks it is fucking up his judgement
You are both idiots. Some worked for it - some didn't. The "rich" didn't all get righ doing the same thing.
Logic? On teh internets?
Wonders never cease. ;-)
How about just call taxes theft. Theft to feed wars and bullshit for the banksters get rich off of.
80% of the the real wealth is inherited. The other grinders who "earned" it are the exception. But with taxes the vig must be paid or by interest to the bank cabal.
Tax every fucking transaction why don't you assholes.
And they do.... But fucktards want some moar, for more more war and vig in the pockets.
Did Obama win a lottery or is he just another affirmative action case?
Bullshit. When this thing goes it's going to be a bloodbath. Poor have the rich mercilessly outnumbered. I'd get a few myself. Better build some high walls. Of course you won't be able to leave your home but that was your choice when you ran around like idiots hoarding everything you could lay your fat hands on whether you needed it or not. No, the rich won't do very well. And your conspicuous consumption will lead us right to your door.
Just make sure there aren't a couple of chicks fighting on top of your truck when you go get the rich.
You will be out of rounds before you put it in gear.
The "rich" meaning wealthy will sip whatever they like while the rest of us kill whoever looks more well off than us.
Mobs don't have intelligence.
In my honest opinion, if the collapse comes, it will be tribal first and foremost. Your uniform won't be able to be taken off so to speak.
If you survive that, then you get to higher order fighting.
pods
americanreality Bullshit. When this thing goes it's going to be a bloodbath. Poor have the rich mercilessly outnumbered. I'd get a few myself.
--------
Jesus Christ, have you learned nothing?
Please give one historical instance where the economy was reset and all the elite were purged because the rich were outnumbered?
Answer: NONE
Even after various revolutions, other wealthy oligarchs stepped in and filled the power vacuum.
You are not americanreality, you are americanfantasyland that does not know history.
widespread violence generally begats yet another tyranny. it's rare that a man is at greater liberty after a wave of violence, than before.
I was born rich, idiot?
Flat tax, anyone. Just a flat tax on all income (including investment income) would work out fine here.
It will never happen. The pols love to give tax break political favors to their favorite cronies, er campaign donors.
Consumption tax and remove all income taxes. Though if you let the government run it they will take the tax up front and give back to you as a stipend (credit at the company store after they've already spent it) telling you what you can consume if you aren't careful in how it is implemented.
What we lack is accountability and that requires transparency if it is to ever happen. A transparent taxing system would be a gift to humanity and absolute terror for government.
We need to know what we are paying, when we are paying and what we are paying for.
For government to operate, it needs people to have no clue about any of those things. It needs us to grow like mushrooms...in the dark and covered in shit. They will readily admit that they need secrecy, misinformation, manipulation...and fear (of their power, but also of everything else that they claim they can protect us from, real or invented).
Government is a malignancy, and as a cancer its very survival depends on consuming its host. It is the only organism who's success depends on its greater failure. Its natural destruction of everything it touches only grows it larger and more hungry, oblivious to its path of devastation.
Consumption tax is possible the STUPIDEST IDEA FLOATED THIS CENTURY. Warren spends like .00000001% to consume....the guy making $50k spends it all.... Please explain how that is fair? How about a capital gains tax YEARLY at the same rate as INCOME!
Render to Ceaser what is Ceaser's....
It's the only solution....
Because as long as you work for Ceaser, Ceaser gets to dictate what he will pay you, if anything...
And then of course he will rule that you actaully only get 1/2 or less of what you agree to work for...
But if that doesn't sound good enough for you, he will simply just raise the price of everything, effectively making what you work for, well worthless... literally.
When will these people wake up? I wonder...
Fuck that. My property taxes, sales taxes, state income taxes, gas taxes, alcohol taxes are all flat enuff.
Flat out making me broke bitches...
At least I can wiggle around with the fed shit.
Keep sellin our country off with those t bills fellas, soon to be bagholders of shit.
How about not income tax?
How about a punishingly high corporate profit tax?
How about confiscating wealth generated by government and central bank malfeasance (pretty much all government and central bank activity)?
Citizens would be free to do with they earnings whatever they wish.
Corporates would be forced to invest it or lose it.
The criminals would pay (some).
How about eliminating all taxes and start making these government thugs at all levels beg for money and actually start serving its public instead of abusing it?
Taxes have become a form of power for the government against the people. It needs to be reversed where taxation is within the power of the people and should be used against the government to contain their power.
What moron down voted this? The federal government is $18 TRILLION in debt with at least $100 TRILLION in unfunded liabilities. So we should just keep funding these thieving pigs, who only cater to the .01%, pouring our hard-earned money down the government toilet?
Really? I hope this is sarcasm. If not, fuck off and continue wating for your next free government handout. Dipshit.
what's even fairer is NOBODY gets taxed, and the feral government ceases operations.
+1. Funny how ZH seems to be ignorant of the fact that it's statistically more or less impossible to work one's way into the top 5% in one human lifetime if not born into the top 10%.
Most wealth is directly or indirectly inherited. For every true "self-made" millionaire there are 1000 heirs. Funny how everyone understood this up until about 100 years ago when returns on labor started to close the gap with returns on capital (this trend ended 40 years ago and the sheeple are rather bitter about it).
No one dare mention the fact that the first world did not "work for" its wealth any more than did the Prince of Wales. Sorry, stealing oil and flooding the world with fiat does not constitute "earning" your middle class lifestyle.
Its true.
Behind each American corporation there is a small family of 5 to 25 people who are sucking down trustfund profits and leeching off of more closely connected relatives. An enormous fortune supports ~25 people living super posh, NYC/Hamptons lifestyles, as long as they beg, manipulate and cozy up to each other, especially the primary inheritors. There are probably a couple hundred (couple thousand?) setups like this, making our upper class consist of ~25,000 people. They are spread between LA, the Hamptons and God-knows-where-else.
These are the people who benefit most clearly from our current system. See this documentary for a look into the lives of a couple NYC rich kid cliques. Some of the kids got disowned for participating in the documentary.
To ucde: The "current system" is broken and fascist. Comparing it to a real economy is stupid.
Very well said :)
I know tons of people that have worked their way up to being VERY WEALTHY. Keep your eye on the real problem....CROOKED BANKERS and PRIVATE EQUITY have bought the government....that is the problem. We aren't communists....some make a lot of money and some don't. We need to care for the very poor....and make sure the rich pay. We need to make sure banks don't private profit and social losses. We are in a bad place right now. Hope some one comes out swinging in the election or we are toast...as the system is very broken!
@SelfGov: "Anybody who thinks the rich, "worked," for it is clueless."
I am quite certain that most millionaires who are self-made, actually earned it -- for the most part. Kudos to them. Even though they had a lot of help from others, w/o whom their enterprise and resulting wealth would not have been possible.
But I'm equally certain that any so-called "self-made billionaire" in NOT self-made. Not in the classical sense of having worked 1000x faster, longer or smarter. No, the modern Billionaries got their wealth via WALL ST, and its IPOs. And you hopefully know how that Casino works.
A wise man knows the difference between a millionaire and a billionaire.
No one makes a million alone on an Island. Crime like money can't happen in a vaccum.
i'd thought bill gates was self-made, then found out his dad was a powerful attorney, and mom was way up in planned parenthood, and ibm gave him a big break. paul allen was from a wealthy family, too. although, i did know a middle-class dude who worked his way up to vp... no college whatsoever. just started out programming and went from there.
So, a business owner that works 14 to 20 hours a day seven days a week to build up his business is a lottery winner? I know several people that built buisnesses like that over a period of several decades. They retired 'rich'. Hardly ever took vacations. Worried constantly about their businesses. The IRS, personnel problems, personal health issues, marrage problems caused by the stress of owning a business, OSHA, it's endless. And the Prez says these people won the lottery! Fuck him!
That sounds exactly like myself, I am 7 years in. I have been sleeping about 3 hours a day since March. All the rich people I have met, work some serious hours and went through a ton of stress to get where they are. I also know a billionaire couple that did make it on their own. A lot of luck was involved, but it didn't just fall from the sky or from Wall St.
...
The Marxist con man and Alinsky politician comes out to display this black radicals roots every now an then just for his leftist backers ears. At the end of the day he does everything he possibly can to further divide rich and poor by his policies that are 100 percent for wall st. Once wall st fails and it will the real con will be ready for mass consumption.
Lottery Winner....are you fucking kidding me?? Really? Working for the airlines, bar tending, then busting my balls for 30 years to be free...I went 7 years with no paycheck building my buisness in the begining....the ups and downs. Paying in up to 50% of everything I earn to support the losers you welcome to our country.....you call that winning the lottery? FUCK YOU!
far easier to demagogue the wealthy than really deal with the country's problems.
The Oligarchy owe us
Well, lets define our terms, on OUR terms:
"Wealthy" are those that are worth more than 100 million and do not work.
I would expect this means that George Soros, Bill Gates, Rupert Murdoch, Ted Turner, Hitlery and Bill, etc. will have to start paying a large percentage of their net worth every year.
If you are working, then that means you can't be taxed. After all, they are talking about "wealth" tax, not an "earnings" tax. Wealth is money you already have. Earnings are what you make in wages.
There is currently not a wage tax in the US. The fact that most people send "REVENUES" to the "INTERNAL REVENUE SERVICE" is irrelevant.
Anyone claiming the privilege of being a "Taxpayer" is already a felon, any time the IRS wants 'em, since you are declaring under penalty of perjury that you are a non-living, DC-based corporation ("US PERSON"). They can't getcha for "tax evasion" (since there is no "tax"), but when you go to court ("summoned" like a demon or dead thing), and loudly argue irrelevant crap (like, say, the CONstitution). And get thrown in jail for "tax evasion" (really contempt of court for arguing, claiming a title you are not entitled to, and perjury).
Oh, and when do we get to see the tax filings of the IRS, Inc. (Northern Trust and Holdings)? Because every penny they have collected since 1913 has been taxable (revenues are generated, after all).
Forget "show me the law" (Red Herring nonsense).
Show me the tax filings.
And remember, the power to define terms is POWER.
Funny part is the Clown ( and he is a clown ) thinks $300K a year is a lot of money.... Note to Clown...its not.
Obutthead is the one who won the lottery and he has not a clue how anybody rich or poor earn a living.....
Obama is an eminently blackmailable idiot puppet flamer who tells believable lies and reads whatever the ruling class tells him off of the teleprompter.
Just like any other mascott that will be allowed to be "elected" [chosen by the ZWO].
Yes he most certainly did through his mother's side of the family.
http://pdf.amazingdiscoveries.org/References/RtR/Lec4/Lec4-List_of_US_Pr...
Barack Obama(descendant of Edward I of England and William the Lion)
https://en.wikipedia.org/wiki/Stanley_Armour_Dunham
...
Stanley Armour Dunham’s distant cousins include six U.S. presidents: James Madison, Harry Truman, Lyndon Johnson, Jimmy Carter, George H. W. Bush and George W. Bush.[21] Through a common ancestor, Mareen Duvall, a wealthy Huguenot merchant who emigrated to Maryland in the 1650s, Stanley Dunham is related to former Vice-President Dick Cheney (an eighth cousin once removed).[6] Through another common ancestor, Hans Gutknecht, a Swiss German from Bischwiller, Alsace whose three sons resettled in Germantown, Pennsylvania as well as the Kentucky frontier in the mid-18th century, Stanley Dunham is President Harry S. Truman's fourth cousin, twice removed.[22][23][24] Stanley Dunham and Wild Bill Hickock are sixth cousins, four times removed, through Jacob Dunham.
...
That also makes Barrack Obama and G.W. (Shrub) Bush 10th cousins twice removed.
He is the very last person who should be talking about society's lottery winners not paying their fair share when he is also one of them. Do people understand why no one will touch his citizenship eligibility issues. He is British royalty, blood related to both British and Scottish kings and in turn lot's of other royal family members.
Also remember then you got Kenya which used to be a British colony until 1963.
Then you got this family member.
http://www.timesofisrael.com/no-were-not-a-normal-family-says-obamas-jew...
Then it get's more interesting concerning his father's second wife and possibility she is a relation of the Baker family (the one that started Citibank).
http://mindcontrolblackassassins.com/tag/ruth-ndesandjo/
...
Mark Ndesandjo is another Obama family link who is shrouded in mystery. He is extremely strange and belligerently evasive about his past and background. His actual birthrate is a big secret like his mothers. He graduated from Brown University; studied physics at Stanford University received an MBA from Emory University.[44] He is notably intelligent, but an intelligence for whom? He worked with handmaidens of the America’s military industrial complex and the CIA; Lucent Technologies [45] and Nortel Networks.[46] He said that he fled America after 9-11 but refuses to discuss what intelligence communication work he was involved in doing the 9-11 deception operation.
Mark chose to carry the surname of his stepfather, Ruth’s second husband- Simeon Njdesandjo, who had been a close friend of his father. Simeon turns out to be an interesting character. Mark and David attended U.S. State Department “International Schools” in Nairobi, which means one of both parents was working in the interest of the U.S. Military, Government or its corporate interests.[47]
Simeon is a well connected Kenyan referred to as “one of the top persons in Voice of Kenya.”[48] The Voice of Kenya was actually the state run radio station, Kenya Broadcasting Corporation (KBC), which had been established in 1928 by and for white British colonials.[49]
In 1964, Kenya Broadcasting Corporation (KBC) was nationalized into Voice of Kenya (VoK) through an Act of parliament.[50] It was after the assassination of JFK and in the middle of the cold war that it went from KBC to VoK similar to the CIA’s Voice of America[51] that seemed to reflect a similar anti-communist philosophical mission; and share broadcasters in common.[52]
...
Simeon and Obama, Sr. had been part of the Kenyan bourgeois ruling class manipulated by American, British and French Intelligence to protect western imperial-corporate monopolies and pre-colonial interests like Shell Oil Company. Former U.S. Ambassador of Kenya, William Hollingsworth Atwood, wrote a book in 1967, Reds and the Blacks (London 1967) gloating how he and most likely the CIA manipulated and controlled the aspirations of the Africans through the petty bourgeois ruling classes in Africa.
Why would he not know? He must. He is truly excelling at his job of being a rodeo clown: drawing the attention of the pissed off bull through ridiculous, flamboyant antics while the Matador gets ready to kill the bull...oh wait, mixing my sports.
Still applies, though.
Indeud. But still, with a little frugality, one could get by, no?
Dude, get fucking real! Unless you live in the NYC metro, San Fran or Honolulu, 300k per year is a lot of money. That salary buys a 5,000sf or larger home, vacation home, savings and money for vacations. I'm not saying taxes should be raised, but 98% of the country that earns 300k is quite comfortable.
Are you serious?? Omfg! 300k after taxes is close to 150K. Over 365 days, that's not even 500 a day netto! A nice hotel room in vegas is $300/day before tourist taxes. You've got to be out of your mind if, after reading the above, you still think $300k is a lot.
That was my exact reply, but I didnt want to confuse him with facts lol.
Two things. If you pay 50% taxes, you are a shithead. Secondly, get out of your bubble! A very nice large home is between 500 and $800,000 in most of this country. That's a $3-5,000 mortgage with plenty left over for a vegas vacation if that's really your thing. I will admit there won't be enough to send your kids to some fancy private boarding school that teaches them to be proper thieving douchebags, but that's OK with most of us.
Well, I am a shithead. I challenge you to make 250k a year in San Diego and not pay less than $100k just in income taxes. Property, sales and other taxes push it up to 50%. I would love to leave but I am married to someone whose job is now too difficult to fully telecommute. We are fortunate our mortgage is only $1000/month or we'd be in a hell of a lot of hurt.
Miffed
Yes, San Diego is one of the other insanely expensive areas. However, if you are "clearing" 12-$15,000 per month and you only have a $1000 mortgage you should be doing just fine. My point is that even though 300k is not rich, that salary can support a very, very comfortable standard of living in most of the U.S.
one good thing about san diego is that, at least you have a lot of great vietnamese restaurants.
Bangin - Sorry due you are wrong, 300k in anywhere in a 50 mile radius of NYC, Boston, San Fran, LA etc is not alot of money, it would be comfortable, sure no doubt it isnt wealthy by any stretch. Its not hard to get to 60% total tax paid here in the Northeast when you figure everything in... including the taxes on taxes.
300k is not a lot if you're talking trophy wife (and mistress?), 2 or 3 kids in fancy private schools, etc.
Earning 300K per year is irrelevant. This is a "WEALTH" tax, not a "WAGE" tax. Wealth (and to be truly wealthy, we're talking in the 1-2% net-worth zone) is what is already owned. Wages imply working.
If you are working, it should not apply. Whether flipping burgers or pulling in half a million a year, those are WAGES, and therefore not subject to levy.
Unless Oblahblah and the IRS can demonstrate exactly HOW they helped me MAKE the bread, they don't get to help me eat it.
"They didn't earn that!"
I acknowledge the scale you used to say that $300K is nothing, but go tell $300K/yr is not a lot of money to 99.99% of America - they'll think you're crazy.
that 300k is so much money to so many people, just shows how low they set their sights.
According to Jim Willie he has $ 1billion in an account at the Vatican bank.
Isn't that what he said in justifying keeping the Bush Taxcuts intact thus making them the Bushama Tax Cuts? $300k a year is middle class
You will hear lots of PC/sugar-coated-politicalese for: "We have a lot of bills to pay and need the money and we have the guns to get it".
You first AH
Fuck the rich. They've had giant windfalls from cronyism and the fed. Reduce my middle class taxes and rout them.
omg - how dare you criticize the rich???? here on ZH. that's bad, m'kay? we only criticize the poor and jew bankers.
Can I think of you as a poor, jew banker? I know it doesn't make sense, but it helps me dislike you more.
I think you are not as fluent in Newspeak as you should in this day and age. The "rich" specifically means you, more than anyone else. Relatively well of(has something for us to grab) but too small and unconnected to count (easy kill).
In other news, the central bankers want total control of your life.
How to end boom and bust: make cash illegal
http://www.telegraph.co.uk/finance/personalfinance/comment/11602399/Ban-...
What amazes me is how people will enthusiastically embrace this idea and willingly give up their freedom. What little is left of it.
Doc, you remember Another Brick in the Wall Part II video where the (already defaced) kids were marching into the sausage grinder? You didn't see any of them have the slightest hesitation. Slow ahead.
That is life today.
Hand in your ONLY weapon against the bankers. Cash can cause bank runs, bank runs can bring their system down.
Nobody gives a fucking rat's ass about it either. Now my kids are going to be worried about how many Freedom Credits are left on the chip.
Ugh.
pods
Funny you said that, because that scene is exactly where my thoughts go when I read a piece like this.
Exactly. And then they'll use that impeccable reasoning that drives me fucking wild: "If you have nothing to hide, why would you have a problem with it?"
Man everytime I hear these fuckers speak I start wishing for a medium sized asteroid to get bumped into an unfortunate orbit.
Too many rich people are entering the wealthy class. So call out the clowns from government to address the situation.
Hey fuckheads, why not speak about how those at the bottom are hurt by inflation causing deficit spending financed by printing joobucks at the FED?
Oh hell no, we can't speak about that.
pods
Here we go again...
Most hedge fund managers should be in jail. We shouldn't be politely asking them to pay a little more. The entire industry survives on illegal inside information.
Corporate welfare pays much, much better than EBT...
tick tock motherfuckers...
Yeah Citigroup just won the lottery again the other day when Obama's Dept. of "Justice" let them walk for LIBOR. The yield on fraud has never been higher and this demagogue prick is yapping about taxes.
Well this gives us some insight into his thought process such as it were. I suppose since the ivy league elites populate much of the government and are plugged into the top tier brokerages and hedge funds, and are self-perpetuating by having their offspring follow the same path - then one might contend they simply are society's lottery winners.
That attitude can only come from someone who has never worked an honest day in his life, and knows nothing about the work it takes to create and build a successful business. Essentially an ignorant comment coming from the community leader impersonating a president.
Define "successful business". AIG? GM? Goldman Sachs?
Ever hear of Too Big Too Fail/Prosecute?
No worries, such "let the majority eat cake" monetary experiments and fascist/crony governments have been tried before, this will end the same way.
In today's world, or perhaps it has always been this way, success is a measure of how many people's thoats you have stepped on.
The Bushama Doctrine: Socialize the risk, privatize the profit
Oh by Osch Kosh B'Goch indeud, no one who has ever had their small business squashed by Malwartism would say such a thing (sarc). But, to continue:
"This is particularly the attitude of intelligent, cultivated people; one can read the substance of it in a hundred essays. Very few cultivated people have less than (say) four hundred pounds a year, and naturally they side with the rich, because they imagine that any liberty conceded to the poor is a threat to their own liberty. Foreseeing some dismal Marxian Utopia as the alternative, the educated man prefers to keep things as they are. Possibly he does not like his fellow-rich very much, but he supposes that even the vulgarest of them are less inimical to his pleasures, more his kind of people, than the poor, and that he had better stand by them. It is this fear of a supposedly dangerous mob that makes nearly all intelligent people conservative in their opinions." - Eric Blair
Which is precisely why you are all right royally rogered.
He has to tax someone...and today having created the mega inequality gap, having seen the rising tide of Oligarchy hubris, he now has to play the statist card of survival...and DAT means tax those who won under QE, as there is nobody else to tax!
Its the MATH !
For us crony statists to survive we have to become MOAR statist and less crony baloney!
Lets hit the lifeboats FIRST!
Wall Street transaction tax or shut the fuck up Peace Prize.
It's called 'lip service' folks, and it looks great when quoted posthumously, regardless of actual behavior
For example:
"I do not believe that people should be allowed to have a lot of money unless they have earned it; being the son of a rich man is not a good enough reason..."-Lord Rothschild 3rd
...immediately followed by hails of smarmy, derisive laughter?
Even so, he sounds like more of a meritocrat than you think you are.
Another:
"The concept of success leads me to consider so-called meritocracies and their implications. We have been taught that meritocratic institutions and societies are fair. Putting aside the reality that no system, including our own, is really entirely meritocratic, meritocracies may be fairer and more efficient than some alternatives. But fair in an absolute sense? Think about it. A meritocracy is a system in which the people who are the luckiest in their health and genetic endowment; luckiest in terms of family support, encouragement, and, probably, income; luckiest in their educational and career opportunities; and luckiest in so many other ways difficult to enumerate--these are the folks who reap the largest rewards. The only way for even a putative meritocracy to hope to pass ethical muster, to be considered fair, is if those who are the luckiest in all of those respects also have the greatest responsibility to work hard, to contribute to the betterment of the world, and to share their luck with others. As the Gospel of Luke says (and I am sure my rabbi will forgive me for quoting the New Testament in a good cause): "From everyone to whom much has been given, much will be required; and from the one to whom much has been entrusted, even more will be demanded" (Luke 12:48, New Revised Standard Version Bible). Kind of grading on the curve, you might say. "-Ben Bernanke, June 2,2013 Princeton commencement address.
Uh, immediately followed by hails of smarmy, derisive laughter?
Even so, he sounds like more of a meritoc...oh all right, I'll give you that one.
Good comment. This is turd polishing over the pasting Peace Prize got over chastisting the sainted Fauxcahontas and launching his "TPP is great" spiel at the shoe factory notorious for Vietnamese slave labor "factories".
Obama has gotten lazy in his rhetoric. He finally overreached on the hippie punching.
"Whatever you do, don't pay the ferryman, don't even fix a price. Don't pay the ferryman, until he gets you to the other side." - Chris of Burgh
I have always thought that fund managers should pay at normal tax brackets. I am in that group that makes a few hundred thousand and my taxes are at 50% with my state income tax. Essentially I worked 88 hours in April for the government. This hard work away from my family goes to them and they spend it on keeping the poor at the current status. Never have understood why we support people to stay poor. What is their motivation to succeed if they are rewarded to stay dependent on my labor and taxes? Funbd managers should pay income taxes not at capital gains levels. It is not their money they are wagering. It s your's.
This has been the "new middle class" for quite a while, now imagine adding to that high interest rates and higher taxes, like we had in the 80's.
The difference now is that, unlike the S&L crisis, where we actually sent some criminal bankers and financiers to prison, this time the fascism/cronyism is brazenly right out in the open.
tax financial transactions over, say, 100k
and tax the fed.
What is the alternative? Kill the rich, take their shit, and rape their daughters? Choose wisely rich fuckers.
Time for Obama to lead by example. First, pay back the government all the money he spend traviling on vacation. Second, donate all his wealth to cities like Detroit and Baltimore. Third, issue an executive order that reduces the salaries of all government workers to 90% of the equivalent private second job. It is government SERVICE. If you don't like the lower pay, get a real job greeting people at Walmart.
As a soldier, a government employee, I always wondered why we couldn't unionize. Why we couldn't strike. Then one day, after listening to the Dempsey and the Naval guy, I realized. Our "leaders" had long sold us out.
delete
Economy going into the shitter, this week its " Tax the Rich " next week it'll be the " Terrorists are out to get us " and the following week it will be " White on black crime combined with Gay marriage rights "
Stay tuned...
But this idiot will gladly give out blow jobs to the "lottery winners', for a little campaign cash!
It is a rigged casino for the entitled ones and those who are lucky enough to be getting the mother of all free rides are getting it every which way but Sunday.
But hey, they had to buy all of your Congresstards to get to where they are today.
Keep on Prolin'...
-- "What shitty, please!"
He says all the hatred things to attack the rich, so that he can get the public sheeple support to create laws which actually attack the middle class.
What he defines as middle class is anything above EBT..... Just more trying to divide, on race, on gender, on income, on sexual preference, anything he can use to further fracture this country, he is using.
Why does he need more taxes to pay for teachers and stuff. Just print that shit, Barry. Hasn't he learned anything?
You had your chance in 2009 asshole. Don't try peddling this shit b/c you lost on the TPP Fast Track. We all know you are Wall Street's cock socket. You don't have the votes to get it done anyway.
This asshole will sign the bill that does away with the Inheritance Tax all together. He's gonna have a foundation to enrich his family too in 2017.
The victims of his monetary policy don't have a dollar to spare. Jamie has to pay for those Presidential Cufflinks. Lloyd says doing Yawheh's work is expensive.
I used to work for a company called grainger in Europe.
The boss was filthy rich and he was like a fata morgana. He was never there and didn’t give a clear vision or anything.
All he did after each quarter was sending his goons to the workplace that productivity had to increase and oh by the way, we’ll fire some people.
they made a shitload of profits.
And all they could say was work harder and your lazy. Never a compliment.
Damn was a happy to leave there and start my own bizz!!!
I don’t care how much anybody makes but fucking never think you’re better than anybody because that turns you into a dumbass.
The year I left was when he wanted to be adressed as "leader" in all communications.
I share my profits with my people. 50% of all profits goes into bonusses to them. And they all make mo then they’ll get anywhere else.
The reason our economy is down the shitters is because purchasing power started dropping in the 90’s.
Wages didn’t really kept pace with inflation anymore.
So that tax is bullshit!!!!
Recalculate wages, stop globalisation and every accord that has been put in place that those bastards made happen so they could import cheap crap at lower tax rates than our own industry!
They turned the west into boxmovers! And boxes wilk be moved by robots in the near future.
This is actually the end for the west. We’ll end up with fad isme and a war for sure. Just because some rich ass bastards just wanted even more and politicians didn’t have a problem selling out.
Did anybody read about that north korea dude who got shot?
What about we introduce the death penalty for crook politicians?
And any of those fuckers blocking investigations is found guilthy on the spot!
We’re going to a fime where drastic measurements will be the only option and pass time.
And I’ll be gone from this place when that shit happens.
Once upon a time you used to be a "out on the limb" guy always saying the absurd to catch the eye.
Now you have become an acrimonious "law and order" and "hang those Oligarchy bastards" guy.
What happened? You changed your skin or changed your religion? Death Penalty for the corrupt ! And we copy the North Koreans!
You were a gold digger, a silver hoarder, a Bank stock market rider of the upside, a wise guy with a mad laugh who thumbed his nose at those with ethics.
Now you've become a man who wants to hang the bankstas who have sold the WEST down the river...
Awesome what a populist bull shitter can morph into !
A lot of tea drinkers ride the tide and change their sides when the waters recede and "drill baby drill" à la Palin becomes a "suckers game"...How we love to hang those we once adored; like Kyle Bass and Hendricks and Einhorn !
Its a tuff world being a "ride the wind but don't pay the whirlwind" shyster !
If you r like million$ bogus you could always morph back to what you were and we would all applaud the mad hatter from Belgium who is who he is!
wheres dat no doc loan, so i can flip my ride and hood me in and get rich in RE.
AWSUUUUMMMMM....
its my Obumphone and Obumahome, and Obumadrone, blown, sohn, suck, luck out of, to the bone...
wit dat hamp hump chump rump sunk, funk, lump loan, from dat Stankster tradin fraud bankster, fraudster...
income verification? Job, 20% down, We dont need dat, I got a voter ID card... drivers lic and SNAP card... quick everybody take out a 2nd...QUICK.
wash it all down with dat LA, and VEGAS stank water...drip drip drip...dry.
and if you dont give it to me, cause you didnt build dat.
Ill sue and burn yours down...SUCKA..
you better stuff a lot of dem Mad off comx in dat Library Bro...cause lotta bros getten ready to blow, in Chi bobo...
and you, you Witch..... whatch you lookin at?
Print MOAR...witch,....get back to work
How about we cut defense spending you war mongering asshole? Get rid of that stupid fucking F35 and you can give all the teachers raise, dick....
Teachers? since when...
Populist rhetoric from Obama's mouth is like apples from a fig tree. That dog just don't hunt. Fucking Obama, these are the very 'lottery winners' that the Fed and Wall St. have been funnelling taxpayer money into non-stop.
Will Obama give up his million dollar Air Force One flightz and use Jet Blue instead? Wealthy have to pay more taxes, that way Obama can enjoy his tax-subsidized flights and vacations.
Since there is no longer a democracy in America and the political choice is between two oligarch controlled puppet parties, for Obama to suggest taxing the rich seems to be more a sign that he has got off the leash than a serious statement of the direction he is going to take the country in....I wonder how long before he goes silent on this issue...oh it has happened already!
This is just theatre - this message has been approved by his puppeteers. Nothing of significance will be done. If anything things will probably get worse.
Just like the Fed Reserve was sold as a way to reign in the plutocratic bankers that were seen by the general public as having too much control over politics and the economy. Meanwhile, the same bankers set up the Fed to skim even more off the top.
Enjoy your serfdom...
More CIA-Obama deceit to keep up the"socialist" and "Marxist" facade.
"Wealthy" will end up being more of the middle-class; what's left of it. And the wealth plundered from them will end up being used against them, and others, in the service and benefit of Zion.
After 6 and a half years, it's clear that CIA-Obama is a neo-con manchurian candidate/puppet.
Liberty is a demand. Tyranny is submission..
here's a radical thought: stop letting them buy their tickets in the broadcast delay between when the balls are actually drawn & when they appear on people's screens at home...
This is Obama playing up to his demo-zombie fans, posturing like he is a champion of the middle class when he is in fact their enemy and all about maintaining the staus quo ... and then some. He especially has to burnish up his liberal "credentials" now that he needs the base's support with trying to get TPA passed and after he just allowed drilling in the Artic. Note also that none of this has a chance of passing with republican majorities in the House and Senate. I'm certain he's aware of this.
This is all just noise ... more Obama bs about being a champion of the middle class while he's helped his sponsors create the greatest wealth gap in this country in a century. Watch what he effectuates, not what he says.
By the way, I'm currently all for increasing capital gains taxes over certain amounts of gains for stocks and securities. Fuck, they're getting their gains from the Fed subsidizing the market by ripping off savers. Why shouldn't they pay more taxes?
Z
Screw him, what a joke. He is a Democrat and the FIRST thing he should have done in 2008 was to eliminate the ability of private equity and hedge fund managers to claim that the 20% incentive fee was not income, but rather a capital gain and should be taxed at a lower rate.
He is a whore. They bought him off and he did nothing to close the loophole. Totally disingenuous to be lamenting something that he has not acted to correct in almost 7 years.
That said, I'm surprised he is saying anything before the job offer comes in from Citadel.
Stop denigrating honest whores, who offer well-defined services in exchange for mutually negotiated prices.
Yeah, you got me. I'm just bitter because I didn't participate in any crony infested tax code loopholes. There is hope for me, though, because there is ZERO chance he actually moves to close the loophole.
Just watched a GREAT old movie last night that I never heard of before. Kathrine Hepburn, Danny Kaye, et al
The Madwoman Of Chaillot
Danny Kaye's mock performance as a 'Rich Person' on trial for being rich... Was one of the greatest deliveries I think I have seen on the subject of money and who has it and why.
If you like great films, WATCH this one. No, you probably never heard of it before, You will NEVER see it played on any MSM type venues. TOO HONEST.
Here is a snippet about it.... BTW, A LOT of great stars in it.
Among the memorable scenes is the beautiful Paris street café, where Charles Boyer and Yul Brynner explain to the envious head of the KGB just how they manipulated the market to make millions that morning, and, together with the wicked Donald Pleasance, hatch a dastardly plot to get even richer by destroying Paris. And the famous trial scene, where the street people of Paris put rich people of the world on trial
bravo for this memory trip.