Hot Stuff: Taxing the Rich

[Smiley and West]

		Smiley & West unpack President Obama's tax plan for the super rich and corporations. Smiley: A progressive president doesn’t tell Republicans “I’m giving your stuff back to you.” West: Watch how the big corporate, oligarchic and plutocratic money flows into his campaign because they know the real deal.

[Carol D. Durante-Spinner]

Thanks for sharing!!!

[James F. "Jim" Michie]

You got it right again, Brother West.  No question about it.  Barack Obama is really good at "talking-the-talk" as the con-man that he turned out to be.  So now he wants "the millionaires to pay more."  Well it wasn't too long ago that he included folks who made upwards of $250,000 a year.  Now what happens to them? Talk is cheap, but it's been very expensive when it comes to the American people, the other 99% who put him in office.

 

One of the most telling things I read recently is an article on an interview with the Rev. Jeremiah Wright, the minister who married the Obamas and baptized their children, the minister who was thrown under the bus and run over many times by Obama and the wreckless news media.  Rev. Wright stated to journalist Chris Hedges in the interview: "I'll never forget one of the most powerful things [Barack Obama] said to me in my home, second Saturday in April 2008.  He said, "You know what your problem is, you have to tell the truth."  Now there is the key to what we've all been enduring!  

[Cissy Williamson-Brown]

WOW...I hope everyone knows the SUPPLY DEMAND model of economics still applies.  Add extra taxes to corporations and they will simply add it to the cost side of their business and either: 1) increase the cost of their product to the consumer, 2) LAY OFF because the bottom line is off the target for profit to the stock holder. 

Eventually, if USA becomes tax unfriendly, the rich and corporations will simply take their riches OVERSEAS, more than they do now.  With a fragile economy, recession, this is simply not the time to push tax increases on anyone.  WAIT until the country rebounds, the good times roll again, (if ever again) and then talk tax increases.

[Tamam Tracy Moncur]

I'm all for taxing the rich. I recently heard an interview CNN did with the owner of the Mavericks...a young billionaire. He said he wouldn't mind being taxed except for the fact that he wants a say in where his taxes are going.  Wouldn't we all like to have that right? All this picking the president apart is making it easier for the Republicans to shoo in whoever they decide is going to represent them. Are you so sure this website is not getting backed by the right wing and that there might be ulterior motives behind all the president bashing?

[Fritz Gilmore]

If we control our money and where we spend it, for just two days out of each week the enemy would have no choice but to face use and change its wicked ways.

[Tina Calloway]

There should be no compromising. reasons are, in order for these corporation stay in business is because it starts from the bottom. 

The partakers take the full responsibility of rich people creed and they should be tax for the better whole.

[Tina Calloway]

meaning the rich definitely should be tax... and Fritz Gilmore I agree with you, to the control the mass, control the funds, and you control the wealthy... Love it!!!!

[Cissy Williamson-Brown]

Class envy is so sad.

[Cissy Williamson-Brown]

Where would this country be without the rich who pay 40% Federal Taxes?  Talk about being ungrateful !!!

 

[Howard R. Lee]

Cornell West you ought to knock it off, I used to have a great deal of respect and admiration for you. your campaign against the first black president is destroying what respect I thought I had for you.

[James F. "Jim" Michie]

Cissy Williamson-Brown said:

Where would this country be without the rich who pay 40% Federal Taxes?  Talk about being ungrateful !!!

 Hey Cissy, you wouldn't happen to be a spokesperson for the U.S. Chamber of Commerce, would you?   : )

[Cissy Williamson-Brown]

No JIM !!  I am trying to keep things in perspective and use some logic!  I do think rich people are now getting a bad rap !  They pay the most Federal Taxes already...Our reply to them is PAY MORE!!??  No, No, No!  Also, let us look at their philanthropy!  Also, increasing corporate taxes, the costs will only be passed on to the consumer.  OR, the businesses will LAY OFF!  It is ridiculous to expect companies to change their bottom lines and make less money for their stockholders inorder to accomodate increased taxes.  They will just make cuts elsewhere (LAYOFFS) or pass the increases to the consumer.