Why do Republicans think the 1% deserve tax cuts, subsidies, and bailouts?

[Guns Guns Guns]

The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year.

In terms of wealth rather than income, the top 1 percent control 40 percent.

Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent.

One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats.

That response would be misguided.

While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall.

All the growth in recent decades—and more—has gone to those at the top.


http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105

 

[Cancel 2018. 3]

why do you think you deserve to live in your mom's basement?

 

[Don Quixote]

The upper 1 percent of Americans are now taking in nearly a quarter of the nation’s income every year.

In terms of wealth rather than income, the top 1 percent control 40 percent.

Their lot in life has improved considerably. Twenty-five years ago, the corresponding figures were 12 percent and 33 percent.

One response might be to celebrate the ingenuity and drive that brought good fortune to these people, and to contend that a rising tide lifts all boats.

That response would be misguided.

While the top 1 percent have seen their incomes rise 18 percent over the past decade, those in the middle have actually seen their incomes fall.

All the growth in recent decades—and more—has gone to those at the top.


http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105

the `% ers pay for election/reelection of congress critters

bought and paid for

 

[Cancel 2018. 3]

the `% ers pay for election/reelection of congress critters

bought and paid for

not true...obama's 08 campaign had millions from 1%'s

 

[Bonestorm]

not true...obama's 08 campaign had millions from 1%'s

Both of those things can be true. It's not an either or proposition.

Rich people spend money on all elections. Lots of it. Because they have lots of money to spend.

 

[Damocles]

Both of those things can be true. It's not an either or proposition.

Rich people spend money on all elections. Lots of it. Because they have lots of money to spend.

The idea that one is owned and the other is not is where this becomes absurd. The OWS people should understand who is currently using money borrowed and making "the bankers" rich to say, do QE1, QE2, QE3...

The place they should occupy is on Pennsylvania Ave.

 

[Bonestorm]

The idea that one is owned and the other is not is where this becomes absurd. The OWS people should understand who is currently using money borrowed and making "the bankers" rich to say, do QE1, QE2, QE3...

The place they should occupy is on Pennsylvania Ave.

The president doesn't set FED policy. Occupy the FED?

I hope this helps.

 

[Damocles]

The president doesn't set FED policy. Occupy the FED?

I hope this helps.

Who nominated the Fed Chair for a second term? Are you really so hacktackular that you won't hold somebody responsible for whom they nominate and appoint?

I find it incredible that somebody is so beyond hack that they can't even let the buck stop at the desk of the person who hired the man...

It is the President's policy. Did Obama vote for the Bank Bailout? You know, the one that the OWS nutjob fringe people get upset that was wasted making "Jews" rich?

And that was just one example... Cronyism has played a part in this Administration. I'll note that the "1%ers" who owned failing solar panel companies seem to get a pass, yet are still "1%ers"..

 

[Bonestorm]

Who nominated the Fed Chair for a second term? Are you really so hacktackular that you won't hold somebody responsible for whom they nominate and appoint?

I find it incredible that somebody is so beyond hack that they can't even let the buck stop at the desk of the person who hired the man...

It is the President's policy. Did Obama vote for the Bank Bailout? You know, the one that the OWS nutjob fringe people get upset that was wasted making "Jews" rich?

Sounds like someone's been hitting the sauce on a Friday night. You should find something more productive to do than trolling your website.

 

[Damocles]

Sounds like someone's been hitting the sauce on a Friday night. You should find something more productive to do than trolling your website.

Translation:
I can't find it within me to actually hold Obama responsible for any decision he makes, even if I know that many people in the "1%" have received money from Obama, so I'll pretend that this weak ad hom is an actual argument.

 

[Don Quixote]

The idea that one is owned and the other is not is where this becomes absurd. The OWS people should understand who is currently using money borrowed and making "the bankers" rich to say, do QE1, QE2, QE3...

The place they should occupy is on Pennsylvania Ave.

they already do

dc is a target rich environment for the occupy movement

 

[Damocles]

they already do

dc is a target rich environment for the occupy movement

Not much coverage there...

 

[Don Quixote]

Not much coverage there...

the congress critters do not want it

watch olberman if you want coverage of the occupy movement

ps schendefreude is quite ill, he is not expected to survive the holidays - but i can hope for a recovery but i think his will to live died with his wife

 

[Rune]

not true...obama's 08 campaign had millions from 1%'s

He won didn't he? What is your point?

 

[Rune]

Not much coverage there...

Really? Not much coverage period. Even you people didn't want to talk about it. I posted and bumped a thread here for weeks when OWS first started.

 

[Rune]

the congress critters do not want it

watch olberman if you want coverage of the occupy movement

ps schendefreude is quite ill, he is not expected to survive the holidays - but i can hope for a recovery but i think his will to live died with his wife

Very sorry to here this. My condolences.

 

[Guns Guns Guns]

One big part of the reason we have so much inequality is that the top 1 percent want it that way.


The most obvious example involves tax policy.


Lowering tax rates on capital gains, which is how the rich receive a large portion of their income, has given the wealthiest Americans close to a free ride. Monopolies and near monopolies have always been a source of economic power—from John D. Rockefeller at the beginning of the last century to Bill Gates at the end.


Lax enforcement of anti-trust laws, especially during Republican administrations, has been a godsend to the top 1 percent.


Much of today’s inequality is due to manipulation of the financial system, enabled by changes in the rules that have been bought and paid for by the financial industry itself—one of its best investments ever.


The government lent money to financial institutions at close to 0 percent interest and provided generous bailouts on favorable terms when all else failed.


Regulators turned a blind eye to a lack of transparency and to conflicts of interest.







http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105

 

[Damocles]

the congress critters do not want it

watch olberman if you want coverage of the occupy movement

ps schendefreude is quite ill, he is not expected to survive the holidays - but i can hope for a recovery but i think his will to live died with his wife

Wow, I'll send all the good thoughts I can. It's always hard, even if the life was long and the will is missing, to lose somebody so close to you. Keep strong, man.

 

[Don Quixote]

Wow, I'll send all the good thoughts I can. It's always hard, even if the life was long and the will is missing, to lose somebody so close to you. Keep strong, man.

i will pass on your thoughts, he likes you, but then we are brothers of a different stripe

thank you