Schumer's Berlin Wall (A virtual wall to prevent the rich from taking money out of America)
Posted by admin / Under Rich Barton
Facebook co-founder Eduardo Saverin's decision to renounce his U.S. citizenship came just prior to that company's announcement of its initial public offering. With that move he can escape the minimum 15% capital gains tax in the United States. Saverin can take his expected $67 million in savings to Singapore where he now resides since it has no capital gains taxes. Saverin's tax avoidance strategy has raised the dander of Democratic Senator Chuck Schumer. He fumed "Mr. Saverin says he's a global citizen, but it just so happens that the country where he has chosen to reside has no capital gain...
Published on Wednesday 23rd of May 2012 04:39:04 PM
How the Rich Make Us All Better Off
Posted by admin / Under Rich Barton
Sunday’s New York Times Magazine contained a controversial article about a former partner of Mitt Romney’s at Bain Capital named Edward Conrad. Sounding a bit like the libertarian novelist Ayn Rand, Conrad argues, forcefully, that we are all better off because of rich people. Rich people, Conrad says, do most of the saving and investing. They provide the capital that creates new businesses and industries, finances inventions and discoveries, and are willing to take many risks and lose a lot of money for every one that pays off spectacularly. If the rich didn’t do these things, we would all be...
Published on Wednesday 23rd of May 2012 04:39:04 PM
As Wealthy French Look to Flee France Over Socialist Victory, Obama Invites New Socialist President
Posted by admin / Under Rich Barton
As Wealthy French Look to Flee France Over Socialist Victory, Obama Invites New Socialist President to White House Alternate Headline: France now joins the U.S. in electing fully socialist President. Move over, America. Barack Obama isn’t the only elected President to hold the label of socialist. Not in this day and time. Francois Hollande is the first socialist to run France in 17 years and from his campaign promises we learn he intends to further run the nation into the ground. This via a whopping 75% tax rate on those making more than a million euros a year, and 45%...
Published on Wednesday 23rd of May 2012 04:39:04 PM
Social Security Won't Be There, So Why Not Be Rich? (Occupy freeloaders don't get it)
Posted by admin / Under Rich Barton
Social Security Won't Be There, So Why Not Be Rich?By Donald Pennington | Yahoo! Contributor Network – 8 hrs ago COMMENTARY | How many times has a politician used the fear of losing Social Security as a ploy to persuade voters? More times than I can count. The concept of a safety net for those who lack financial planning skills has been an effective vote-grabber since 1935. And while all wage-earning Americans are required to pay into the program, people my age and younger will likely never see a return. **SNIP** Participants in the recent Occupy Wall Street boondoggle complained...
Published on Wednesday 23rd of May 2012 04:39:04 PM
Obama Is The Best Friend Of The 1%
Posted by admin / Under Rich Barton
President Obama doesn’t need to campaign for financial support from the highest 1% of income earners, his economic policies have already won their financial backing! During the Great Recession the top 1% sufferred a lower percentage decline in income than during the Bush Recession of 2000 to 2002. Then during the 2009 to 2010 economic expansion the top 1% captured a staggering 93% of all income gains.
Published on Wednesday 23rd of May 2012 04:39:04 PM
Should Taxes Be Raised on the Rich to help the economy? Help Freep this Poll!
Posted by admin / Under Rich Barton
Should Taxes Be Raised on the Rich to help the economy. Freep this poll (needs it badly). 64% say yes! Middle right of the page.
Published on Wednesday 23rd of May 2012 04:39:04 PM
Rich aren't all rogues
Posted by admin / Under Rich Barton
Who wants to be a millionaire? With Barack Obama in the White House — nobody. He has declared the hard-working and successful America’s Enemy No. 1. “Tax the rich to grow the economy” was USA Today’s headline on the president’s “Buffett Rule” speech. His premise isn’t merely that wealthy people aren’t “paying their fair share,” but rather that not shaking them down for more money is somehow keeping you from finding a better job. “What drags down our entire economy is the growing gap between the ultra-rich and everyone else,” Obama said yesterday. The president is right about one thing:...
Published on Wednesday 23rd of May 2012 04:39:04 PM
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