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REAL WORLD EVENT DISCUSSIONS
Millionaires tell Congress "Raise our taxes!"
Friday, November 18, 2011 7:09 AM
NIKI2
Gettin' old, but still a hippie at heart...
Quote:A group of millionaires arrived in Washington on Wednesday to lobby Capitol Hill into mandating higher taxes for the upper class. The group of about two dozen, titled Patriotic Millionaires for Fiscal Strength (PMFS), is urging that Congress make the wealthy one percent of the country pay their “fair share” in taxes. They would like to see a tax hike on those who currently or have in the past earned an annual income of $1,000,000 or more per year. “Our country has been good to us. It provided a foundation through which we could succeed. Now, we want to do our part to keep that foundation strong so that others can succeed as we have. Please do the right thing for our country. Raise our taxes,” writes the group in an open letter to President Obama, House Speaker John Boehner, and Senate Majority Leader Harry Reid. Producer and entrepreneur Charlie Fink, a member of the PMFS, testified before a congressional committee as well as visited members of the supercommittee, a group that is responsible for coming up with a plan to fix the country’s debt problem. Fink lobbied to let the Bush tax cuts for the wealthy expire, adding, “without revenue we will never solve the problem by giving tax cuts to wealthy while supporting two foreign wars,” reports ABC News. According to The Associated Press, the meeting was generally embraced by liberals on the hill and “tolerated” by conservatives. "If you think the federal government can spend your money better than you can, then by all means pay more in taxes than you owe,” said Grover Norquist of Americans for Tax Reform, to AP. Americans for Tax reform has advocated for Republicans to pledge to vote against tax hikes. Norquist suggested that the IRS have a line on the tax form where a person could write in how much they want to donate to the government. “Just like a tip line on a restaurant receipt,” he quipped. Senator Orrin Hatch (R-Utah) has also echoed this argument, calling on the millionaires to voluntarily donate to the government if they really want to pay more. In response, the millionaire group published a statement on their website denying that individual donations would help reduce the deficit: "A few of us voluntarily writing a check to the IRS will not fix the problem” that was created by “fiscal irresponsibility.” “It will take the work of all patriotic Americans to create a strong foundation for our continued prosperity. We are willing to do our part by paying higher taxes. It is clear Senator Hatch and many of his colleagues are not willing to do theirs.” The group went on to say that if Hatch wanted to make a personal contribution to the IRS to help his country, then the Patriotic Millionaires would match his contribution. “Stop digging. For God’s sake, stop digging!” Fink told The Christian Post in response to a question of how Congress can help reduce the deficit. “Cutting taxes in a time of war is unpatriotic. We are digging ourselves into a deeper hole in this country. We’ve run up a huge deficit.” “To whom much is given, much is expected,” Fink continued. “We are the one percent in this country. A little unselfishness (on the part of the millionaires) now will go a long way in preserving our own wealth and the wealth of this nation.” He added that it will be less painful to pay now than wait years from now and suffer the consequences. The group was formed a year ago to push for expiration of the Bush tax cuts. The Bush cuts allowed for a tax cut for the top one percent of the wealthiest in the nation. Proponents of the cuts argue that by lowering the taxes the pace of economic recovery and job creation would increase. The cuts were planned to expire at the end of 2010, but Obama extended the cuts for another two years. The millionaires do not work directly with the Occupy Wall Street Movement, which is also calling on the wealthy to take on more responsibility. But Fink said that he personally is “sympathetic to them” and thinks that the two groups are “motivated by much of the same unfairness.” “I am hugely offended that high taxes kill jobs. There’s no evidence of that. It’s a lie that has gone unchallenged by media. We had high economic growth in the 1990s and high taxes. We also had high taxes after World War II and the deficit was paid off. I don’t want to pay 60-90 percent in taxes but if we don’t stop digging, we all will pay,” Fink said. http://www.christianpost.com/news/millionaires-to-congress-tax-us-more-62219/
Friday, November 18, 2011 12:48 PM
CANTTAKESKY
Friday, November 18, 2011 1:52 PM
ANTHONYT
Freedom is Important because People are Important
Quote:Originally posted by canttakesky: Can't they simply just write a bigger check come tax time? You can make donations to the IRS, you know. AND donations to the IRS are tax-deductible to boot. Imagine that! http://www.limonwhitaker.com/2010/08/tax-relief-donate-to-the-irs/ Oh wait. This wasn't about millionaires wanting to pay more taxes themselves, which is easy enough to do. This was about millionaires wanting the govt to force OTHER millionaires/billionaires to pay more taxes. Yeah, I'm not so much in favor of that. ----- Never be deceived that the rich will allow you to vote away their wealth. -- Lucy Parsons (1853-1942, labor activist and anarcho-communist)
Friday, November 18, 2011 2:26 PM
M52NICKERSON
DALEK!
Quote:Originally posted by canttakesky: Can't they simply just write a bigger check come tax time? You can make donations to the IRS, you know. AND donations to the IRS are tax-deductible to boot. Imagine that!
Friday, November 18, 2011 3:32 PM
Friday, November 18, 2011 5:50 PM
Quote:Originally posted by AnthonyT: Ron Paul believes that, in the absence of government involvement, charities would rise up to fill the gaps in health care. (And disaster relief, etc.) However, I feel strongly that this is not the case.
Friday, November 18, 2011 5:52 PM
Quote:Originally posted by m52nickerson: They could, but then again you can't plan government spending on donations can you.
Friday, November 18, 2011 6:19 PM
Saturday, November 19, 2011 4:44 AM
Quote:Originally posted by AnthonyT: Of course, mandating what people can charge for their goods and services is just another forced intervention from the government.
Saturday, November 19, 2011 5:08 AM
Saturday, November 19, 2011 5:34 AM
KWICKO
"We'll know our disinformation program is complete when everything the American public believes is false." -- William Casey, Reagan's presidential campaign manager & CIA Director (from first staff meeting in 1981)
Quote:Even so, when I find eager, enthusiastic support for 'sticking it to the rich' I am filled with disgust. Laws and Taxes are a solemn necessity, not a gleeful revenge. The attitude I see from many is one of resentment and eager retribution. That may be a good motivator to get you into a political demonstration. However, that is not a good emotional place from which to propose policy.
Saturday, November 19, 2011 5:45 AM
Saturday, November 19, 2011 3:49 PM
Quote:Originally posted by AnthonyT: Putting aside the fact that car repair and plumbing are quite expensive (albeit cheaper than a hospital stay.)
Quote:I suppose you could make it harder to sue a physician. (I'm not sure this is entirely a good idea, considering how much legitimate malpractice occurs which ruins people's lives and livelihood.)
Quote:However, your proposals to cheapen health insurance and to make school less expensive sound like they require government intrusion/directive/law/caps in order to work.
Quote:Also, I'm curious as to how you would force the various industries to pass savings on to the consumer rather than pocketing the extra profit once they are freed of these expensive anchors?
Saturday, November 19, 2011 6:35 PM
Quote:My solution to cheaper medical education is simple, perhaps even simplistic. Allow new and cheaper medical schools to compete against the expensive ones. Once the health care market moves away from Big Pharma control (via govt persecution), smaller and less prestigious medical schools might actually have a chance.
Quote:On catastrophic costs, I would support tax-deductible medical savings account (MSA) that is NOT required to be tied to an insurance plan (like it is currently). So instead of paying $500 a month on premiums, put it in a savings account. Let it earn tax-free interest. If used on medical care, all amounts withdrawn are tax-free.
Saturday, November 19, 2011 7:53 PM
Quote:Originally posted by Kwicko: Or pay the tuition for med students who agree to a term of service doing work like Doctors Without Borders, only here at home, in underserved rural and urban areas, where they'll still be paid a living wage while they learn their craft "on the front lines", as it were.
Quote:Including over-the-counter/holistic/non-conventional treatments? ...
Quote: Then I found a decent chiropractor - an old-fashioned bone-cracker - and he was able to actually TREAT THE PROBLEM, instead of just treating the symptoms.
Quote:I'd love to see those HSAs come back, and even be expanded to wellness programs as well - things like gym memberships, trainers, etc., since all of them are aimed at getting you healthier and less in need of urgent care.
Sunday, November 20, 2011 3:42 AM
Quote:That is one thing I have found about many alternative health modalities, that they are at least trying, if not succeeding, in solving the problem instead of covering up symptoms. When it works, we're talking about cutting the immense costs of long term dependency on drugs and consultations.
Sunday, November 20, 2011 7:02 AM
FREMDFIRMA
Sunday, November 20, 2011 7:59 PM
RIONAEIRE
Beir bua agus beannacht
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