Super Rich Hiding $21 Trillion

#101
#101
utvolpj said:
good for them

this is not about saving the rich it's about keeping the govt from taking in more money and expanding to the point of no return. Your hatred is directed at the wrong people
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Which is exactly their plan. They know what they're doing. Some just can't put two and two together. The rich are evil and they keep all the money PJ.......
 
#102
#102
theFallGuy said:
but the point he is making is that there is a secret vault of hidden money from Big Business and if we could just find a way to confiscate it, make them pay their "fair share" and divvy it out amongst all of us, the world would be a better place.
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Speak for yourself. That was not the point I was making, in any way, shape, form, or fashion.
 
#103
#103
n_huffhines said:
There was one attack where the assailant was on bath salts, and he had a history of mental illness...then two other attacks happened and there were no bath salts involved, but that is not how it was reported.

The media lies, braj.
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Almost a understatement. They go to such great lengths to misguide it's pretty scary. Wonder if any of them actually believe the horsesheet they report? They probably snicker while writing it..
 
#104
#104
Vol Main said:
Super-Rich Hide $21 Trillion in Secret Tax Havens, Says Tax Justice Network - ABC News

Oh my, the super rich have only 21 trillion dollars to hide in secret bank accounts. How much does Mitt Romney have in offshore tax havens? I'm not sure, but he wants to pay less taxes, and he needs our help.

SAVE THE RICH!

Vote Republican
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Vol Main, I am curious. What is your definition of "wealth"? After defining "wealth", could you then humor me and tell me how it is you think that wealth is accumulated?
 
#106
#106
therealUT said:
Vol Main, I am curious. What is your definition of "wealth"? After defining "wealth", could you then humor me and tell me how it is you think that wealth is accumulated?
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hell, how is it taxed?

Funny that the wealthy are always cool with taxes, after having been earners in the past and avoiding taxes at every turn while accumulating wealth.
 
#107
#107
Cartervol said:
Almost a understatement. They go to such great lengths to misguide it's pretty scary. Wonder if any of them actually believe the horsesheet they report? They probably snicker while writing it..
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Journalists goto journalism school, where they learn to communicate. As to what they should communicate, they don't learn that, and most don't have any more of a clue than you do. As long as they can grab peoples' attention, the ratings go up. Some do better than others. I get the impression that you connect with the gut twisting type. Doesn't matter if it's true or false, as long as it makes you angry, you like it. Right?
 
#108
#108
Vol Main said:
Journalists goto journalism school, where they learn to communicate. As to what they should communicate, they don't learn that, and most don't have any more of a clue than you do. As long as they can grab peoples' attention, the ratings go up. Some do better than others. I get the impression that you connect with the gut twisting type. Doesn't matter if it's true or false, as long as it makes you angry, you like it. Right?
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Well since most media are liberal as hell, i really don't follow any of it... I don't watch Fox news either... Both have strong biased, that frankly makes it hard to wade through all the lies to find what is truth and what is not...
 
#109
#109
therealUT said:
Vol Main, I am curious. What is your definition of "wealth"? After defining "wealth", could you then humor me and tell me how it is you think that wealth is accumulated?
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Off the cuff reply: I'd say that anybody with a six figure income is well off; anyone in the quarter mil area is wealthy, and anyone with an income of a million dollars a year is rich going on super rich. Wealth is accumulated in two ways. Much wealth is created by hard work, but a lot of wealth is not created; it is merely transferred.
 
#111
#111
Cartervol said:
Well since most media are liberal as hell, i really don't follow any of it... I don't watch Fox news either... Both have strong biased, that frankly makes it hard to wade through all the lies to find what is truth and what is not...
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I don't know how you could call Rupert Murdoch's news "liberal as hell." The liberal slant in news which prevailed for decades hardly exists these days.
 
#113
#113
Vol Main said:
I don't know how you could call Rupert Murdoch's news "liberal as hell." The liberal slant in news which prevailed for decades hardly exists these days.
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You're smoking crack.... Ever heard of CNN and MSNBC?? You could just call them the Obama channel and get it over with......
 
#114
#114
KentheOrange said:
Corporate Tax Rates for 2012

As said before, you have no idea what you are talking about.
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Face rates are not necessarily real rates. Like most people, I know that most large corporations do not pay their face rate, because of deductions and credits called loopholes. If you don't know that, then you are in no position to talk about what I don't know.
 
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#115
#115
Vol Main said:
It's been over twenty years since I've read the tax codes on overseas assets, so I am hardly qualified to comment on your question in any detail at all. My view is that both parties favor the super rich. The difference is that the Republicans only favor the super rich, without regard to the interests of other people or the nation. There is one thing I can tell you, the IRS was all over it. If they wanted to go after somebody's overseas assets, they had the regs to do it. This topic can include issues far darker than you might suspect, and I am not inclined to divert from campaign issues to go there.
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1) Don't be that naive. Neither party cares for the "other people". The Democrats do it for votes to ensure they can hold on to power. Let's not kid ourselves. There is a major difference between truly caring and a ruse to garner power.

2) Feel free to go there. I'd like to hear it.
 
#116
#116
Vol Main said:
The number would be 650,000 in the bank after taxes. 35% x a million is 350,000 for taxes. I think an accountant could spread the income over three years if the million was a one shot lump sum, which would lower the rate. But yes, I can imagine how pee-owed I'd feel to have that much tax taken because of my success. Property taxes are also killers. If you buy a million dollar house, you better be prepared to pay some high taxes on it every year.
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I highlighted the 70%, but same point.
 
#117
#117
If the Democrats care so much for the poor, and the Republicans don't, how come both parties behave pretty much exactly the same?
 
#118
#118
PKT_VOL said:
1) Don't be that naive. Neither party cares for the "other people". The Democrats do it for votes to ensure they can hold on to power. Let's not kid ourselves. There is a major difference between truly caring and a ruse to garner power.

2) Feel free to go there. I'd like to hear it.
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Obama is the only rich Democrat and that is only because he has a government job. Once he returns to the private sector then he will regain his union position and slog away with all the other hard working Democrats.
 
#119
#119
PKT_VOL said:
1) Don't be that naive. Neither party cares for the "other people". The Democrats do it for votes to ensure they can hold on to power. Let's not kid ourselves. There is a major difference between truly caring and a ruse to garner power.

2) Feel free to go there. I'd like to hear it.
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I generally agree with you about the two parties. However, I believe that President Obama has deep Christian values and that he actually does give a damn.
 
#120
#120
n_huffhines said:
If the Democrats care so much for the poor, and the Republicans don't, how come both parties behave pretty much exactly the same?
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They've been in bed together forever. It's the people that get the shaft. Been that way forever too. Things are just getting worse now than they have been in a long time and people get pro active when survival is at stake...
 
#122
#122
Vol Main said:
I generally agree with you about the two parties. However, I believe that President Obama has deep Christian values and that he actually does give a damn.
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Jeremiah Wright has deep christian values. You should listen to a few of his sermons and find out.....
 
#124
#124
Cartervol said:
You're smoking crack.... Ever heard of CNN and MSNBC?? You could just call them the Obama channel and get it over with......
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I do not use psychotropic substances. It takes no heavy weight genius to see that you are playing on team radical, in the extreme right outfield corner of the stadium. That's not a good place to be.
 
#125
#125
Vol Main said:
Off the cuff reply: I'd say that anybody with a six figure income is well off; anyone in the quarter mil area is wealthy, and anyone with an income of a million dollars a year is rich going on super rich. Wealth is accumulated in two ways. Much wealth is created by hard work, but a lot of wealth is not created; it is merely transferred.
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You answered the second half of the question; however, I will ignore the lack of response to the question of, "What is 'wealth'?"

Now, before we get to transfers, lets work through the following logical deduction:
It appears safe to say the following.
If A accumulates wealth in a just manner and transfers it to B in a just transfer, then B justly accumulates B's wealth.
Now, if B transfers his wealth to C in a just transfer, then C justly accumulates C's wealth.
.
.
.
n justly accumulates n's wealth.

This is correct, is it not?

Now, let's define wealth as a nominal commodity that represents both property and the power to purchase property. Thus, one could own 100 head of cattle; they are both property and purchasing power.

Well, one characteristic of property is the ability to do with one's property what one desires: this is entailed in ownership, is it not?

If one can do with one's property what they so desire, then one can transfer their property however they desire. Thus one can bequeath their property; and, such a transfer is just.

Now, for other transfers. What constitutes an unjust transfer?

B steals A's car and sells it to C. C has a fake title made for the car and sells it to D. D sells the car to a used-car dealership, where E eventually buys it. Has E committed an injustice? No. Is the transfer unjust? This appears tricky; an injustice has certainly been done to A. B, C, and D appear to knowingly and willingly be dealing in stolen merchandise. However, the dealership and E have done nothing wrong. In fact, the transfer between the dealership and E appears to have all the characteristics of a just transfer. In fact, to take the car from E to give it to A, without reimbursing E, would be unjust. To make the dealership reimburse E, would be unjust to the dealership. The only remedial course that could be taken would be to identify each link in the chain of transfers, passing the car back to A and reimbursement up from at least D.

This is analogous to the claim that many make of wealth in America: it was accumulated over centuries through unjust and oppressive means and, therefore, it must be redistributed to level the playing field. Yet, there are many (I would claim the vast majority) with wealth in America who have themselves done nothing unjust in accumulating their wealth. Seeing as the only remedial course from the example was to take from those who actually committed injustices, while reimbursing those who unknowingly benefited down the line, then we would have to identify those sources of injustice. I am going to posit that most of those sources are long dead; therefore, they cannot reimburse anybody. Thus, there is no just remedial course. There is simply the option to understand that **** happens and be vigilant with regard to current injustices, or there is the option to compound past injustices with current injustices.
 
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