December 19th, 2012 at 12:52AM
1%

1%

2 notes #Economics#1%#Rubber Ducky Economics
December 14th, 2012 at 4:30PM

dudeistlibertarian:

eltigrechico:

Penn Jillette on Occupy Wallstreet: 

“In order to make that argument, you have to completely ignore the whole world. 300 million people in the United States is a very small number, when you’re talking about knocking on 7 billion, world-wide. Those people are all, every single one of them are in the 1% and every single one of them pays a monthly cell phone bill that is the yearly income of a family in much of the rest of the world.”

Penn and Teller were the people to introduce me to libertarianism.

I fucking love Penn Jillette. He’s pretty spot on most of the time. 

21 notes Source: eltigrechico #99%#Occupy#OWS#1%#Wall Street#Main Street#Idiots#Politics#Economics#Video#Penn Jillette#Glenn Beck#Libertarian#Individualism
November 20th, 2012 at 1:26AM
antigovernmentextremist: “The total annual after-tax income of all millionaires and billionaires today is about $709 billion, according to IRS data. What this means is that even if he increased tax rates on the rich to 100%, Mr. Obama would still have to find more revenue to pay for his spending ambitions. This means he’s inescapably going to have to tee up the middle class for a tax wallop unlike anything in U.S. history.” Via WSJ “Eating the rich” will never be a viable solution the Fiscal Cliff problem. Only way to solve this issue is to cut off the source of the problem, spending. Without spending cuts, we will never balance our budget. 

antigovernmentextremist:

“The total annual after-tax income of all millionaires and billionaires today is about $709 billion, according to IRS data.

What this means is that even if he increased tax rates on the rich to 100%, Mr. Obama would still have to find more revenue to pay for his spending ambitions. This means he’s inescapably going to have to tee up the middle class for a tax wallop unlike anything in U.S. history.”

Via WSJ

“Eating the rich” will never be a viable solution the Fiscal Cliff problem. Only way to solve this issue is to cut off the source of the problem, spending. Without spending cuts, we will never balance our budget. 

(via disobey)

82 notes Source: rothcpa.com #Fiscal Cliff#Taxes#Taxation#Economics#1%#Politics#Obama#Libertarian
February 27th, 2012 at 12:45PM

Here’s a bunch of millionaires petitioning to pay higher taxes, but when they were put on the spot, they refuse to donate to the US Treasury Department. 

This brings me back to the smoke & mirrors campaign of Warren Buffet. Think what you want about NJ Governor, Chris Christie, but he earned a lot of respect from me when he told Warren Buffet to finally ‘just write a check and shut up’ about supposedly “wanting” to pay more in taxes. 

The reality is that Warren Buffet makes so much damn money that he wouldn’t care WHAT rate he was taxed at. He’s at the end of his life and clearly no longer cares for the money, especially considering the fact that he gave almost all of it away to Bill Gate’s charity anyway. 

Increasing the taxes on those that make $100k+ doesn’t hurt the ultra-rich, it hurts the middle class and the lower tiers of the upper class. You know, those families that make good money, but not enough to stow away millions in off-shore accounts or setup shell-corporations to get their effective tax rate below 15%. 

I used to admire Buffet, but he’s become a righteous, delusional prick ever since he gave away the majority of his fortune. 

@Suga_Shane

1 note #Politics#Higher Taxes#Warren Buffet#Donations#1%#99%#Economics#Bill Gates