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Ben Stein Stuns Fox news about Mitt Romney tax cut

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posted on Oct, 26 2012 @ 08:35 PM
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"I rarely carry water for President Obama, but he is so right on this one, its not even close. Time for the grown ups to step in and take the financial weapons of mass destruction away from the party hardy crowd. Time to keep the specter of another great depression far from our American door." ~ Ben Stein

Ben Steins take on financial reform





With a procedural vote of the financial reform package on the horizon, Ben Stein reflects on the rule that the "frat boy" investors have over Wall Street.




edit on 26-10-2012 by newcovenant because: (no reason given)




posted on Oct, 26 2012 @ 10:04 PM
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Bunch of cry babies. We have been in two wars that the rich wanted. Now we have thousands of vets disabled for life. We are all going to have to pay to help these vets for the rest of their lives. I have never made over 50K in my life, but I will pay more taxes to help lift up our poor, sick, and wounded that private industry has left behind. Only animals and Hitler leave their weak and wounded behind.



posted on Oct, 26 2012 @ 10:27 PM
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Originally posted by detachedindividual
Wow, you know what I keep seeing having come back to this thread?

I see a lot of people offering statistics, facts, data and evidence, and then I see a lot of Publicans screaming "you're wrong!" or just quoting other Republicans, repeating others opinions, more of the same BS.

The facts are there, and Republicans here STILL absolutely REFUSE to even concede for a moment that the Republican mentality of throwing money at rich people to magically fix things is a complete fantasy.


THIS is why Bush came into power and completely messed up your country. Too many Americans believe the political BS of their party and ignore the actual facts.

Neither leader will fix the insane debt you have. But one will make the ride less bumpy for the majority, and the other will be determined to suck the last of the money out of the country for him and his buddies to pocket, speeding up the collapse of your country.



It is a pity we can't listen to at least the good ideas of each party and reach agreement on anything. You would think we were fish trying to live with birds instead of people to people. Our difficulties are so insurmountable at times when how can that be since we are all human and basically the same? People can't be this stupid without some kind of a "trick" being actively and permanently played on them. This is what gives me the idea some group is working against us and muddying the waters. If we did get together we could do anything so there are agencies and groups deliberately working to keep us divided and distanced. They've succeeded in making NWO some kind of horrible, scary thing. Way to make basic human rights, cooperation and working together a frightful and scary concept.

edit on 26-10-2012 by newcovenant because: (no reason given)



posted on Oct, 26 2012 @ 10:53 PM
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Originally posted by jibeho
Ben Ben Ben... I understand what he's trying to say but taxing the super wealthy to the hilt won't make a difference as long as the govt. is running $1 trillion plus in annual deficits. That is exactly what has happened in the last 4 years and will continue to happen if the current admin. holds on to the White House. Those deficits are projected to be even higher when the bill comes due for Obamacare. So, all those taxes on the super wealthy may keep govt. running for about a month...

We're not living in the 1950's during a post WWII economic rebuild... Back then those high taxes were funding the nation's Eisenhower Interstate Highway system. Remember Obama's pledge to rebuild the nations infrastructure with "shovel ready jobs" to justify the $787 billion American Reinvestment and Recovery Act.?? Those jobs never existed as Obama backed down on his remarks well after he got what he wanted...

Something needs to change or it will be just more of the same...

Stein needs to do his homework on History. In the 1950's the middle class was also paying a much higher effective rate. In fact, the middle class was paying a much bigger percentage of the overall tax burden than they do today. Furthermore, as the top tax rates dramatically decreased in the 80’s and 90’s, the share of income taxes that the highest earning 1% paid actually went up. Back in 1979, with the highest marginal tax rate being 70%, the richest 1% of Americans were paying just slightly over 30% of the total income tax burden. Fast forward to the present where the same 1% (at a top marginal rate of only 35%) is paying close to 40% of the total income tax.

If the government taxed the top 1% of taxpayers at 100%, that would still only generate around $940 billion in total tax revenue for that 1%, which is not enough to even begin to close the budget gap. Therefore the tax increases will eventually be pushed down to the middle class in order to cover the deficit.

ITS Simple and I'm surprised that Stein does not get it!!

This graphic paints a vivid picture








The tax burden on this class of people continues to trend UP!! Where does it stop????



This post is complete misinformation. The graphic linked to shows nothing more than the deterioration of the middle class period. The rich don't pay enough in taxes. And the bottom 50 % of wage earners have no asset s, no savings, and only have a life at all because the rich loan the income they stole to the working class and sit on there tush and collect interest and dividends off the working class. If we keep in mind where most of the rich got their money today, it is common sense. Should the value of labor for the working class continually get raped so the rich can do nothing. Debt is only money because the rich need their interest payments. Today we have loan products for just about every dang thing out their, and insurance has just become privatized socialism. How about we return the value to the working class so our strong middle class can afford to live their life without debt. The reason we have so many working poor.......the rich. It's not the end of the world, but where are pensions? Why is it that our working class should allow people that push buy/sell buttons on a computer all day hold all the income. Why should banks hold all the tangible asset s. What's he point of working when all the money is filtered to the top? We answer these questions and we might just fix the REAL problem. Work is not meant to be something that earns you credit, so you might be able to borrow money from the rich.

The thing the entire working class could do is quit working and move to a reservation till the rich lose everything. Then the working class can come back and rebuild the country. Free working men and women aren't meant to be an "asset" for the rich



edit on 26-10-2012 by no time because: (no reason given)

edit on 26-10-2012 by no time because: added stuff

edit on 26-10-2012 by no time because: (no reason given)



posted on Oct, 26 2012 @ 11:34 PM
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reply to post by no time
 


Excellent post!
Trouble is people prefer a pretty lie to an ugly truth.



posted on Oct, 26 2012 @ 11:39 PM
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Ben Stein is correct. The super rich do not use all their money to create jobs. You will note that United Bank of Switzerland is now firing 10,000, mostly in its trading department, where a rogue trader lost 2.5 billion. Most of that lost money was presumably deposited in the bank by rich people who wanted the bank to gamble it and make more money for them.

If tax rates are raised the rich will not slack off but just try harder to create companies and enterprises to make more gross money to give them more after tax income. This is what they did in the post world war II boom when rates were high and when the country was rebuilding from the war.

That book about what's the matter with Kansas observed that when Republicans, think rich, were in power the middle class suburbs of Kansas City browned up and deteriorated as money got sucked up to the higher levels. Then when Democrats, think pro poor, assume power those same suburbs prospered more as there was more money circulating among the middle class.

The more money the middle and lowers classes have, the more they spend for their needs and some wants, which is businesses and economies grow as the elites think of products and services to capture that money. Phil Davis on Seeking Alpha a year or so ago observed the actually obscene growth of wealth the current top half percent is enjoying.

A few weeks ago a columnist in Newsweek observed that the very richest familes resent even the rich just below them on the pyramid. There is no question that the nation is experiencing class warfare and the richest elites are winning and cannabilizing the nation.

.



posted on Oct, 27 2012 @ 01:28 AM
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i agree with stein, rich people have it to easy.

once they get the ball rolling, the money floods in and all of the sudden, they're like mitt, having $300 million sitting in the cayman islands.

but if mitt was taxed 80%, he'd have $60 million over his career.

the ambition and drive to get to where he is now would still be there, but he'd have to work much harder and really take the time and dedication to make sure each decision is the right one.

you can respect a guy who made $100 million with the odds stacked against him, instead of the government policies that threw it on his lap after he made the first $1,000,000.

whatever people may say, 80% income tax on the super wealthy is much better than what america has now.

using mitt as an example again, its better to have 80% of $300 million ($240 million) serving the needs of the country he earned it in, rather than now, serving the interests of the cayman islands and international bankers.

as a beneficial side effect of super high income taxes on the super rich, inflation would be non existent because money would be scarcer.

lamborghini's wouldn't sell for half a million, because the market would be very limited. it would give everyone a fair shot at products and services, while the super rich would still have the ability to buy them, they'd most likely have to think about.

either sacrifice something else, or work harder and make their business more profitable and competitive to have their cake and eat it. in which case every benefits.

what incentive do the super rich have right now to focus and work hard. not much after their first $100 million.




edit on 27-10-2012 by randomname because: (no reason given)



posted on Oct, 27 2012 @ 02:22 AM
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Originally posted by Taiyed
reply to post by newcovenant
 


Ben Stein is an old school Republican, not an extreme tea partier.


Unfortunately, honest and logical talk like this will be attacked by the new extreme Republican party. They will call him names, bash him, and turn on him faster than they did Colin Powell after he endorsed Obama.

It's scary really, it's a total "If you aren't with us, you are against us" mentality.


I don't know why this post got so many stars.

An old school republican IS an extrem tea party(er).

The principles of the tea party are the same principles of the GOP (originally).

In my opinion, any outside school of thought should be welcomed and analyzed. You'd never find either R or D parties admitting that programs need to be cut while raising taxes.
edit on 27-10-2012 by eLPresidente because: (no reason given)



posted on Oct, 27 2012 @ 03:59 AM
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Originally posted by jibeho
Ben Ben Ben... I understand what he's trying to say but taxing the super wealthy to the hilt


He didnt' say "to the hilt"...


won't make a difference as long as the govt. is running $1 trillion plus in annual deficits. That is exactly what has happened in the last 4 years ...


Uh...NO!!
it is not - that is why he is proposing you should do it now - because it has NOT been done "recently"!




posted on Oct, 27 2012 @ 04:33 AM
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Originally posted by spinalremain
The fact of this issue is that supply side is nothing more than a scam.

If supply side economics was a job creator, why are we suffering unemployment upward of 8% right now?

We tried it for decades. It doesn't work and now the public knows it doesn't work. Stop pushing the elite agenda and start using your brain, people.


 
Posted Via ATS Mobile: m.abovetopsecret.com
 



Well, let's see here. It worked until 2009, while America enjoyed sub-5% unemployment. I wonder...what was it that happened in 2009?

It's on the tip of my tongue. Can someone help me out here?

/TOA



posted on Oct, 27 2012 @ 05:31 AM
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reply to post by spinalremain
 
You can take all the rich peoples money you want it is not solving anything, nothing ,nada. We cannot keep spending a trillion dollars a year more then what we take in. Heck you can take there money and use it to pay down the debt. But now you have a bunch of rich people that are poor and still have all that debt. Spending money we don't have is what is killing us right now. I'm not hearing alot from either political party on deficit spending, and that is the real conspiracy in this mess BOTH parties have gotten us into.



posted on Oct, 27 2012 @ 08:16 AM
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reply to post by newcovenant
 


Yeah I've seen this video. never posted it because I thought it'd be up already. Anyway great vid, Ben Stein knows way more about money then any of those asshats on fox, I'm surprised they were dumb enough to bring him on. Keep Educating Stein, although I'm sure none of the popular fox news fan base heard a word of what you said, since logic seems to soar over their heads.



posted on Oct, 27 2012 @ 08:18 AM
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reply to post by Tarzan the apeman.
 


Well an easy look at historical information would tell you never to put a republican in office then. Since historically they out spend democrats 2:1 and in the past 30 years about 3:1. So what was your post about? Not taxing the rich why? Keep a democrat in office, tax the rich, spend less, leave wars, we'll make money back.



posted on Oct, 27 2012 @ 08:25 AM
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reply to post by Oouthere
 


Funny how you act as if you 'know' what your Asian Indian friends are actually making... have you committed mail fraud or illegally looked at someone else's pay checks or tax returns recently? Otherwise you can't be positive what they get back or don't, also the problem here isn't with 'small' business, it's with the corporations and big business that never gets taxed for anything.



posted on Oct, 27 2012 @ 08:31 AM
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reply to post by ChaoticOrder
 


18% of 2 million is what? Now put that to the average 3 million homes in America making 2 million or more. Just stay with the 2 million figure and that equals: $1080000000000. So what were you saying about a small help??? Especially when this doesn't account for the people making way more then 2 mil a year.



posted on Oct, 27 2012 @ 08:50 AM
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Originally posted by NoJoker13
reply to post by newcovenant
 


Yeah I've seen this video. never posted it because I thought it'd be up already. Anyway great vid, Ben Stein knows way more about money then any of those asshats on fox, I'm surprised they were dumb enough to bring him on. Keep Educating Stein, although I'm sure none of the popular fox news fan base heard a word of what you said, since logic seems to soar over their heads.



To tell you the truth when I saw it I about fell off my chair. Not only that when searching for related items I found Ben all over the news media, 2 more appearances on FOX, the one with Bill O Reilly is a hoot. He seemed to be giving this same message and appears out of genuine concern for the country and concern for the future of his grandkid. Pretty convincing. I never really liked Ben Stein however I am warming up to the guy...



posted on Oct, 27 2012 @ 08:53 AM
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reply to post by The Old American
 


Gridlock in congress and a stimulus package that was way to small and grossly inadequate for a recession economy that was as deep in the hole as this one was?



posted on Oct, 27 2012 @ 09:36 AM
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I don't think any of them know if any of this stuff will fix the eoncomy because it is such large enormous numbers and all the wars going on are unpredictable.Seems to me both parties are just throwing numbers around.
People are all ready taxed to death but some of them are also real rich and it is lopsided.The whole thing is a mess if you ask me and they all are guessing.
edit on 27-10-2012 by Jobeycool because: (no reason given)



posted on Oct, 27 2012 @ 10:46 AM
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The problem is monetization of government spending.

The National Debt is 16 trillion dollars

The Federal Reserve has created 746 trillion dollars

Total value of everything in the United States 85 trillion dollars.

www.usdebtclock.org...

The Federal Reserve has authorized enough money to buy the United States 8 times.

That is unreal. What is the colateral?

Romney will get elected to make the debt seem like a real deal. It is really a con job.

Obama has done the same, but Romney has the good man pay your debts subliminal.

Anyone who voted for a congressman who raised the national debt should have his taxes raised by 1% for each vote.

End the FED
edit on 27-10-2012 by Semicollegiate because: (no reason given)



posted on Oct, 27 2012 @ 12:01 PM
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Awesome catch! 'Bout time some sense has been told on Fox!

S&F for this catch.




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