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The rich need to pay through their noses! (See 1 below.)
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Very important, informative meeting: Urge you attend. Though under the auspices of the SIRC this is an informational discussion.
Patrick is a dear friend of long standing.
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This quote below would seem to be what Romney and Ryan are all about!
Obama chose the wrong path for reasons that relate to his personal socialist, big government distributive philosophy and his desire to pay homage to the more radical elements of his party in order to get elected and re-elected. This approach will prove to be a fatal flaw, his undoing and his ultimate defeat. That said the damage Obama has done will be lasting.
Lasting, because whenever the pendulum swings too far it never returns to 'start.' It will take years for people to change even if a different approach bring rewards because overcoming ideological thinking is not easy.Dependency is a crippler and not easily forsworn.
“Politics is not the art of the possible. It is choosing between the unpalatable and the disastrous.”
http://nation.foxnews.com/ellen-barkin/2012/08/28/ellen-barkin-hopes-hurricane-kills-every-pro-life-xenophobic-gay-bashing-sob-rnc"
-- John Kenneth Galbraith
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And then we have an example of a Hollywood radical who is a bit overboard but then that is the way Liberals act when you cross their ideological barrier: " Tolerance and compassion.
This bring me to the last topic.
Ann Romney is a jumper and tonight she must jump though hoops the liberal and media's likability hurdle. Since Obama cannot campaign on his record and has no intention of presenting a way out of the mess he has created for our nation, Romney's likability becomes the arena for waging the presidential battle.
I have no doubt Mitt's charming wife will hit the ball out of the park because she is genuine and has helped raise a remarkably large family that speaks to the very best we are as an exceptional people.
GO ANN!
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Dick
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1)While I think the existing tax structure is idiotic, counterproductive, rife with special interests and favors that distort the economy, and misdirects valuable resources to tax avoidance instead of more productive societal uses. the argument about “fairness” is even worse. There’s simply nothing inherently “fair” about taking from one person and giving it to another. Virtually everyone believes that we need to pay for fundamental government services, so perhaps a better word for how the government is funded is what is “tolerable” to the majority of people, including those whose income is redistributed on their behalf.
The rich don't pay enough
The Washington Examiner
If you listen to America's political hacks, mainstream media talking heads and their socialist allies, you can't help but reach the conclusion that the nation's tax burden is borne by the poor and middle class while the rich get off scot-free.
Stephen Moore, senior economics writer for the Wall Street Journal (and, I'm proud to say, former George Mason University economics student) wrote "The U.S. Tax System: Who Really Pays?" in the Manhattan Institute's Issues 2012. Let's see whether the rich are paying their "fair" share.
According to 2007 Internal Revenue Service data, the richest 1 percent of Americans earned 22 percent of national personal income but paid 40 percent of all personal income taxes. The top 5 percent earned 37 percent and paid 61 percent of personal income tax. The top 10 percent earned 48 percent and paid 71 percent of all personal income taxes. The bottom 50 percent earned 12 percent of personal income but paid just 3 percent of income tax revenues.
Some argue that these observations are misleading. There are other federal taxes the bottom 50 percenters pay, such as Social Security and excise taxes. Moore presents data from the Tax Policy Center, run by the liberal Urban Institute and the Brookings Institution, that takes into account payroll and income taxes paid by different income groups. Because of the earned income tax credit, most of America's poor pay little or nothing. What the Tax Policy Center calls working class pays 3 percent of all federal taxes. The middle class pays 11 percent. The upper middle class pays 19 percent, and the wealthy 67 percent.
President Obama and the Democratic Party harp about tax fairness. Here's my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing?
President Obama and his political allies are fully aware of IRS data that show who pays what. Their tax demagoguery knowingly exploits American ignorance about taxes. A complicit news media is only happy to assist.
Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? That might explain why the so-called Bush tax cuts were not more popular. If you're not paying income taxes, why should you be happy about an income tax cut? You might even view tax cuts as a threat to various handout programs that nearly 50 percent of Americans enjoy.
Tax demagoguery is useful for politicians who prey on the politics of envy to get re-elected, but is it good for Americans? We're witnessing the disastrous effects of massive spending in Greece, Italy, Ireland, Portugal and other European countries where a greater number of people live off of government welfare programs than pay taxes. Government debt is 160 percent of gross domestic product in Greece, 120 percent in Italy, 104 in Ireland and 106 in Portugal.
Here's the question for us: Is the U.S. moving toward or away from the troubled EU nations? It turns out that our national debt-to-GDP ratio in the 1970s was 35 percent; now it's 106 percent. If you think we're immune from the economic chaos going on in some of the EU countries, you're whistling Dixie. And when economic chaos comes, whom do you think will be more affected by it: rich people or poor people?
Examiner Columnist Walter E. Williams is nationally syndicated by Creators Syndicate.
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