Comments on: Why are the Super-Rich often liberals? - US tax policy

By: map

map — Sat, 04 Jun 2011 19:40:47 +0000

The problem is, taxes on “capital gains” and “inheritance” do not affect the super-rich either. This is the exact same confusion as the one that assumes income is wealth. The super-rich avoid inheritance taxes by putting their money into trusts, foundations and non-profits. The rich avoid capital gains taxes by using investment vehicles that, say, do options trading in cash-settled markets in overseas hedge-funds.

The people most affected by inheritance taxes and capital gains taxes are middle class people.

The Democrats push a tax on people making more than $250,000 a year so they can eventually apply the tax to those making $30,000 a year. It’s just smoke and mirrors. Once the taxing infrastructure is in place, it’s a simple matter to adjust the thresholds.

Look at it this way. Democrats and Republicans have had the same message for decades. Democrats only want to raise taxes on the rich and republicans want to raise taxes on no one. How is it, then, that taxes for the middle and working classes keep going up, decade after decade?

By: Brian Harper

Brian Harper — Tue, 09 Mar 2010 15:58:18 +0000

Or we could try to revoke the federal tax exemption on municipal bonds, and watch the super-rich go ape…

By: Bruce J. Kolinski

Bruce J. Kolinski — Tue, 09 Mar 2010 10:59:05 +0000

Excellent explanation of wealth versus income. Thank you. In the case of the uber super rich I believe it goes a bit further though. In 1773 Mayer Amshel Bauer (later Rothschild) met at his gold shop in Frankfurt with a dozen or so other international financial types and came up with a plan to control all wealth, resources and people on the planet.

We refer to Mayer’s plan today as One World or Globalization. Organizations such as the Bilderberg Group, Trilateral Commission, Council on Foreign Relations, Royal Institute of International Affairs (Chatham House),Tavistock Institute, etc. are all related to this propaganda network pushing various programs of control.

Marxism is their primary tool used not to share the wealth as gullible liberals believe, but to control the wealth. Marx and Engels did not develop the Communist Manifesto. They were hired by “The League of Just Men” to sell the concept. Later families such as the Rockefellers, Morgans and Rothschilds financed the Bolshvik revolution in Russia in 1918 just as they finally passed the progressive income tax in America in 1916 and then later that same year created our central bank – the Federal Reserve System.

Marxism and collectivist government concepts are used to crush competition in the supposed free market and to control the wealth. Later this week I’ll probably start a reading list on my Kolinski Chronicle site sharing some of the material that has been written about.

I like your stuff and will add a link on The Kolinski Chronicle (TKC) to Capital Flow Watch. If you would prefer I didn’t pop me an email. My site is extremely political and you may prefer not to be associated with it. If so, no offense taken – I understand.

Great stuff – thanks again.
Bruce K.

By: Sandy

Sandy — Tue, 09 Mar 2010 01:54:28 +0000

Key word – supposedly. But if you look at the increase in the cost of government, it always increases the most under Republicans. They just don’t pay for it.

As for inflation, let’s remember what President that started under. Hint. Not Carter, who, by the way, presided over the greatest job creation of any President except Johnson. Carter’s appointment of Volker brought inflation under control, not Reagan.

It’s funny how the Democrats are the problem – until they’re proven not to be the problem – and then, uhm, well, oh yeah, all politicians are the problem. Yeah, that’s the ticket.

http://www.econreview.com/events/wageprice1971b.htm

By: John Schroy

John Schroy — Tue, 09 Mar 2010 01:31:59 +0000

Many on the right would agree with you that Republicans in the Bush years abandoned conservative principals.

By: John Schroy

John Schroy — Mon, 08 Mar 2010 22:00:06 +0000

Well, you're absolutely right. Liberal Democrats are exactly the ones that want to raise taxes. But Republicans were never against taxation. They're supposedly against Big Government that needs to be financed by excessive taxation on both rich and poor. They're against inflation which is a hidden tax on everyone, which is what results when spending is out of control, as in the days of Jimmy Carter, a Democrat. Also I've not argued that Republicans are my friends. Politicians are nobody's friends. If you want a friend, get a dog.

By: Sandy

Sandy — Mon, 08 Mar 2010 18:19:15 +0000

We are talking about capital gains tax, and the estate tax if you want to tax assets. Those are two methods of taxing wealth. Guess which party supports increasing them. Democrats. Guess which party wants to do away with taxing assets altogether. Republicans.

When you attack liberals and Democrats, you attack the people who believe in taxing wealth.

You can twist it around in your head every which way from Sunday, but you’ll always be wrong. Republicans are not your friends.

By: John Schroy

John Schroy — Mon, 08 Mar 2010 10:00:42 +0000

I hardly think that I am defending the top 1% of the population. Also, the article says nothing about capital gains taxes. The point is that measuring rich and poor by income is misleading and beneficial to the Super-Rich, not the majority of the population.

By: Sandy

Sandy — Mon, 08 Mar 2010 06:52:34 +0000

Uhm, the reason Democrats target the $250,000 mark is because only 2% of Americans earn more than that. And they aren’t your local small business owner either.

Why are you defending the top 2%? And who keeps cutting their taxes, most specifically the capital gains tax that hits asset investment more than income. Oh yeah, Republicans.

Why do Democrats want to cut your taxes? Because they know they’ll eventually be broke if the consumer is broken. Like Bush did. And yep, we’re all broke.

I swear I will never understand why the poorest white people in the country are always more concerned with the rich than with their own friends and family.