So rich going to have to accept less or have it taken from them?

a reply to: TheBulk

Because the time has come to legislate charity.

Charity has become mandatory.

originally posted by: neo96
a reply to: the owlbear

Taxes on buying and selling stock.

How about NO.

Why give the Government a sure thing when the investor doesn't ?

The state already makes a killing off the capitol gains tax.

Which they recently RAISED.

That wasn't enough they created the medicare capitol gains surtax because people weren't paying enough in to medicare.

That wasn't enough they created the alternative minimum tax. Even though people fall in to a specific tax bracket.

Left wingers like Sanders says oh hell no, and say I have to pay MORE.

I guess people learned nothing from the so called 'financial' crisis.

A tax on nothing is NOTHING.

Trillions wiped out in an instant.

PS thats more money out of the middle class's pocket via their 401ks,IRA's and pensions.

Increasing that 'wealth' gap.

But that money is all pretend fiat currency anyway, right? Just numbers on computer screens backed by zealots of a religion and passed down from the High Priests of Finance to the rest of the world.
The whole thing is a scam.

originally posted by: the owlbear

Well, damn...the cutoff for 1%er in 2012 was earning $340,000/yr.
Thanks for that...

There's a BIG difference between being WORTH $340K and earning 340K a year. Bernie is WORTH $750K, perhaps, but that's not his yearly salary.

He is NOT a 1%er.

a reply to: the owlbear

Of course, with everything he is saying it calls for higher taxes on himself, which he doesn't seem to be shying away from paying his share and asking others in positions much higher than his own to do the same.

Why would he when his party is one of the biggest tax dodgers there is?

Tax Dodgers

Most of Europe is socialist, but they still have billionaires, and plenty of millionaires, Europe has a damn lot of poor too, and no food stamps, So just why do Americans of a certain type hate socialism? Unlike communism, ("the first shall be last, and the last shall be first" (which never happened)) socialism allows people to keep their money, China is 'socialist' but in name only, there are plenty of Chinese millionaires.

a reply to: the owlbear
Most estimates I have found put him around $500,000.

With 7.3 billion or so on the planet, and average global household median income of about $10,000.

You do the math.

Like it or not Bernie is in the 1%. Not that it matters. As I posted earlier, the 1% is an incorrect representation that people get hung up on.

The ones that matter are the 0.0000008%.

The millionaires and billionaires in the 1% can not fix this and are really just pawns like the rest of us.

a reply to: the owlbear

The whole thing is a scam.

That I agree with but not in the way you mean.

Sanders party created fiat currency via the Federal Reserve Act of 1913.

And use that creation to pit American against American, and for no other reason than the power of a vote.

Scam indeed.

The state created money. The state owns money. The State gets to create taxes.The State gets to take however much it wants. Whenever it wants.

originally posted by: Benevolent Heretic

originally posted by: the owlbear

Well, damn...the cutoff for 1%er in 2012 was earning $340,000/yr.
Thanks for that...

There's a BIG difference between being WORTH $340K and earning 340K a year. Bernie is WORTH $750K, perhaps, but that's not his yearly salary.

He is NOT a 1%er.

Yeah he is.

I have never seen a 'poor' congressman.

Neither has anyone else.

a reply to: Indigent
I only travel to Canada. I don't accept that we can't do better than Latin America and will speak up and vote every election. We will get our representatives attention back.

originally posted by: Open_Minded Skeptic

originally posted by: Annee
What are you willing to give up to become wealthy?

I decided many years ago that the price of becoming wealthy in the US is too high. Exactly the things you mention, giving up time with family and what is important to me. Plus it seems to suck the soul out of people...

That's just it. Making money is not the problem, holding on to it and building on it is what most don't do.

My step father was a millionaire (a poor one by some standards). He was all dressed up in his black suit (from Sears) to go out with my mom. He was wearing brown shoes. My mom said: "You can't wear brown shoes with a black suit". So, he went out in the garage, got a can of spray paint, and painted them black. LOL. He was very money conscious. It was funny sometimes, but mostly annoying. But, he was self made - - and that's how you do it.

Money has power. It gives you better and more choices.

He went to the bank to get a Money Order, they tried to charge him. They also were very disrespectful because of how he looked. He said, "Look at my account, if you still want to charge me, cash out my account". No charge.

a reply to: Kangaruex4Ewe

You won't see a flat tax system in this country.

Our fiat currency system isn't an economic system, it's a debt slavery system. One of the purposes of taxation is social engineering and behavior modification. Undesirable behavior incurs tax penalties, encouraged behavior results in tax breaks. With a flat tax system, the Obamacare mandate could not exist. With a flat tax system, federal and state government would have no interest in regulating marriage, so gay marriage would not be an issue. Without deductions, penalties, loopholes, etc., many industries would collapse overnight.

originally posted by: Benevolent Heretic

originally posted by: the owlbear

Well, damn...the cutoff for 1%er in 2012 was earning $340,000/yr.
Thanks for that...

There's a BIG difference between being WORTH $340K and earning 340K a year. Bernie is WORTH $750K, perhaps, but that's not his yearly salary.

He is NOT a 1%er.

The reality is that even the poorest of American are in the top 1% globally at least income wise. For any American to cry about the 1% is to show the height of hypocrisy and lack of awareness of how the rest of the world lives. I guarantee no poor person in America wants to be brought down to the level of the poor in many other countries.

To be in the top 1% GLOBALLY in regards to income, you only need to make $32,400/yr. You read that right. So most kids fresh out of college in the US are part of the 1%.

To be in the top 1% GLOBALLY in terms of wealth, you need a net worth of about $770,000 (INCLUDING value of your home). So the little old lady with her house paid off on the west coast living on Social Security is probably part of the 1% when it comes to wealth.

For perspective, to be in the 1% in AMERICA income wise, you need to make anywhere from $350k to $430k (depends on year and source). To be apart of the 1% wealth wise, you need to be worth about $7 million.

So anytime I see you liberals claiming the top 1% owns X amount of the worlds income and wealth and all that other dribble, please don't forget to include yourself when you bring out the pitchforks.

Top 1% Figures

originally posted by: neo96
Yeah he is.

I have never seen a 'poor' congressman.

So, "poor" and "1%er" are the only options?

He doesn't make $340K+ per year, so he is NOT a 1%er.

You don't even know what a 1%er IS!

a reply to: Benevolent Heretic

Blame Sanders and the rest of the LEFT for the 'one percent' bullsnip.

I don't have a problem with people making money.

The LEFT sure does EXCEPT when it comes to their own.

Totally PRICELESS!

Bernie Sanders on Thursday reported less than $750,000 in assets — all of it in his wife’s name — according to his presidential personal financial disclosure form. Read more: www.politico.com...

Well if everything else is in SOMEONE else's name.

Hard to say how 'rich' Sanders is.

Too funny.

And CORRUPT as it gets.

a reply to: Benevolent Heretic
One problem that I would expect to see with Bernie being elected is that the crosshairs would be focused on people other than the 1%.... after the election.
So, for now, if you are a 1%'er, you are the evil one that must pay. After the election and his plans start to be implemented, there will be a much wider interpretation of who constitutes 'the evil rich'.

The other thing that is tiring to me is assuming that people's place in the top 1% or whatever is fixed. Poor people become rich and rich people become poor. Liberals can't seem to grasp the concept of mobility.

No One Stays in Top 1% Long

originally posted by: Edumakated
The reality is that even the poorest of American are in the top 1% globally at least income wise. For any American to cry about the 1% is to show the height of hypocrisy and lack of awareness of how the rest of the world lives.
]

Those numbers put me in the global 2%, am I free to complain m'lord?

I mean, I could take what little I have to my name and move to a 3rd world country and live like a king(respectively) but people in the first world should still be able to expect a basic standard of living when working 40 hours a week and the occasional overtime. Calling people hypocrites because there are people poorer than they are would be like telling someone with a broken leg to walk it off because the other one still functions.

originally posted by: butcherguy
a reply to: Benevolent Heretic
One problem that I would expect to see with Bernie being elected is that the crosshairs would be focused on people other than the 1%.... after the election.
So, for now, if you are a 1%'er, you are the evil one that must pay. After the election and his plans start to be implemented, there will be a much wider interpretation of who constitutes 'the evil rich'.

This is a common tactic of the Democrats and progressives. I remember when Obama was out doing his stump speeches and he'd always say "Millionaires and Billionaires" when talking about raising taxes, but then when you read the actual bills, they consider the highest tax bracket at like $250k of income!

They show pictures of Warren Buffet and other billionaires, but then write the bills for people making $250k.

There is a HUGE difference between the top 1% and the top say 400 earners in the world. The top 400 is like the Top .000000000000000001% or whatever it is.

In progressive logic, it is like saying anyone over 6 foot tall is an NBA basketball player. I'm pretty sure I am in the top 1% of height being 6 foot tall, but I am a long ways off from being a pro basketball player.

a reply to: butcherguy

Spoken like a true, evil 10%er.