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Another picture conservatives try to paint is the rich are hard workers and the poor are lazy bums looking for a hand out. Last I checked, it was the guy hauling concrete blocks or digging a ditch that busted a good sweat, NOT the sharp dressed man who shines a seat with his ass.
I work for my employees. I provide for their jobs and I'm overstaffed, but I don't care. People need jobs, and if I retire and sell the business they will downsize and cut wages.
I can't let that happen to people whove worked for me for a decade. My business was built on my employees backs. Without them I'd have nothing.
The top 1% paying 40% of the taxes isn't enough I WANT MORE! If we double their taxes then we can ALL be rich!!! Free money for everyone! Welcome to Utopia!!!
Profits do not create jobs...profits do not create higher wages. That is a FALSEHOOD.
Originally posted by dolphinfan
Lets stop worrying about how much certain folks have and how little other folks have and focus on what we need to do to clean up the problems we have - and those problems are not due to the fact that a few folks have a ton of dough.
I also never got hired or was given a raise by a poor person.
These are complex problems that require serious discussion and some very heavy lifting to solve. Railing about "rich" folks, most of which are small business owners does not do anything but make some folks feel good. If it makes you feel good, by all means, keep doing it. Don't kid yourself that you are proposing anything that will have even a marginal impact on the problems in this country.
Wealthfare–the money government gives away to corporations and wealthy individuals–costs us more than $817 billion a year. That’s • 47% of what it costs to run the government (which is about $1.73 trillion a year, not counting entitlement trust funds like Social Security and Medicare) • enough money to eliminate the federal debt (now $6.6 trillion, accumulated over 200+ years) in just over eight years • more than four times what we spend on welfare for the poor (currently around $193 billion a year)
For a summary of what goes into that $817 billion figure, look below to the table of contents, which lists the estimated annual cost of the various subsidies, handouts, tax breaks, loopholes, rip-offs and scams this book describes. I’ve calculated these amounts as precisely as possible, but they change every year, and data is often hard to obtain, so they are, of course, estimates. If they seem high to you, cut them all by 50%–or 75%; welfare for the rich would still cost more than welfare for the poor.
Chapter 1: Social Security Inequities 1996 edition: $53 billion a year 2004 edition: $85 billion a year Chapter 2: Tax Breaks for Homeowners 1996 edition: $26 billion a year 2004 edition: $32.1 billion a year Chapter 3: Runaway Pensions 1996 edition: $7.6 billion a year 2004 edition: $7.6 billion a year Chapter 4: Accelerated Depreciation 1996 edition: $37 billion a year 2004 edition: $85 billion a year Chapter 5: Capital Gains 1996 edition: $37 billion a year 2004 edition: $89.8 billion a year Chapter 6: Transnationals 1996 edition: $12 billion a year 2004 edition: $137.2 billion a year Chapter 7: Insurance 1996 edition: $7.2 billion a year 2004 edition: $23.5 billion a year Chapter 8: Business meals 1996 edition: $5.5 billion a year 2004 edition: $8.8 billion a year Chapter 9: Muni bonds 1996 edition: $9.1 billion a year 2004 edition: $6.4 billion a year Chapter 10: Export subsidies 1996 edition: $2 billion a year 2004 edition: $1.8 billion a year Chapter 11: Pentagon Waste 1996 edition: $172 billion a year 2004 edition: $224 billion a year Chapter 12: S&L bailout 1996 edition: $32 billion, every year for thirty years 2004 edition: $32 billion, every year for thirty years (17 more to go) Chapter 13: Agribusiness subsidies 1996 edition: $18 billion a year 2004 edition: $30.5 billion a year Chapter 14: Media handouts 1996 edition: $8 billion a year 2004 edition: $14.2 billion a year Chapter 15: Nuke subsidies 1996 edition: $7.1 billion a year 2004 edition: $10 billion a year Chapter 16: Aviation subsidies 1996 edition: $5.5 billion a year 2004 edition: $5 billion a year Chapter 17: Mining subsidies 1996 edition: $3.5 billion a year 2004 edition: $4.7 billion a year Chapter 18: Oil & gas subsidies 1996 edition: $2.4 billion a year 2004 edition: $1.7 billion a year Chapter 19: Timber subsidies 1996 edition: $427 million a year 2004 edition: $976 million a year Chapter 20: Synfuels 1996 edition: $1.2 billion a year 2004 edition: $600 million a year Chapter 21: Ozone tax exemptions 1996 edition: $320 million a year 2004 edition: $320 million a year Chapter 22: Miscellaneous 1996 edition: $1.6 billion a year 2004 edition: $16.4 billion a year Chapter 23: What’s been left out Untold billions every year Appendix A: Welfare for the poor 1996 edition: $130 billion a year 2004 edition: $193 billion a year