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(MSNBC) Sick In two years, Mitt Romney made more money than the median salary will generate in 900 years - on a tax rate of just 13%   (msnbc.msn.com) divider line 701
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3343 clicks; posted to Politics » on 24 Jan 2012 at 7:49 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»   |    Get this fabulous T-Shirt and impress the methane out of your friends! shirt it!



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2012-01-24 01:05:56 AM
Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.
 
2012-01-24 01:20:09 AM
I probably wouldn't go as far as to condemn him for his profit, since I'm jealous, but to think his agenda in the White House would be anything other than affecting laws to increase this ability is why I wouldn't vote for him.
 
2012-01-24 01:22:54 AM
Yes, his absurdly low tax rate is his fault.
 
2012-01-24 01:26:21 AM
Grand_Moff_Joseph: Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.


Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?

I'm certainly not a Romney apologist, but, lets not single out Romney with his wealth and earnings.

And while I agree his tax rate could be higher, I would be for lowering his tax rate, even down to 0, if he was reinvesting his money into things that actually create jobs.... and not just a policy of "lets lower their rate and hope they do"..... that is the main problem I have with the GOPs logic. "We need to lower the super-rich people's rates so they can create opportunities and jobs!!". "So, you'll make tax rules/regulations that force them to do that if they have that tax rate?" "Well, no, we're just assuming they'll want to". Ooooookkkkkayyy.
 
2012-01-24 01:44:10 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

You're correct, but not just people like him. It's been Republicans as a whole over the past 30 years or so.

dletter: And while I agree his tax rate could be higher, I would be for lowering his tax rate, even down to 0, if he was reinvesting his money into things that actually create jobs.... and not just a policy of "lets lower their rate and hope they do"..... that is the main problem I have with the GOPs logic. "We need to lower the super-rich people's rates so they can create opportunities and jobs!!". "So, you'll make tax rules/regulations that force them to do that if they have that tax rate?" "Well, no, we're just assuming they'll want to". Ooooookkkkkayyy.

It's hard to force them into creating jobs with regulations... I say that, among other things, we raise his taxes to a reputable level (top bracket to something like 40%) and then use all that income to fund massive public works projects, educational reform (more funding for schools instead of privatizing and marginalizing poor kids) and real healthcare reform so we can do better than the ACA. That way people will be better educated, healthcare won't be bankrupting people and we'll definitely be creating jobs instead of just hoping they'll be created. Of course, this is all socialism so the GOP would shout it all down.
 
2012-01-24 01:56:34 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

Except he thinks it's too high and that the "job creators" like him should have their taxes cut even more.
 
2012-01-24 02:16:38 AM
FTFA: The documents showed he and his wife contributed $7 million in charity over the two years, much of it going to his Mormon church. That represents more than 15 percent of the Romneys' income for those years.

I don't have a big problem with this, so long as the church he donates to actually does charitable work. If this just buys buildings and plots of land for the church, then it's a scam and should be treated as such.
 
2012-01-24 02:20:04 AM
dletter: Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?

Yes. But not nearly as much because the actors and athletes go off an blow all the dime on consumer goods and in the end wind up where the average man would be.

But a moron like Mitt Romney, who LIES about his income level or the Wall Street monsters who HIDE themselves away instead of apologizing and stepping down like a human would do, they should be given a warning shot in the form of fines and a swift boot out the door of their careers. If the don't fark the hell off and never come back, they should have all their money confiscated and forced to serve minimum security penal sentences where in they must live on minimum wage jobs to support a family alone without gifts to friends or family.
 
2012-01-24 02:20:40 AM
I mean without gifts FROM anyone. They have to start from scratch. Then and ONLY then could they MAYBE come back on a trial basis.
 
2012-01-24 02:21:54 AM
Cyberluddite: violentsalvation: Yes, his absurdly low tax rate is his fault.

Except he thinks it's too high and that the "job creators" like him should have their taxes cut even more.


Has he said that? He thinks his tax rates are too high? I honestly don't know, and for what it is worth, I am not a Romney supporter.
 
2012-01-24 02:22:52 AM
Grand_Moff_Joseph: Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.

I don't have a problem with him making money. I do, however, have a big issue with this schmuck paying half the tax rate that I do, and whining that he needs a break. Fark him.
 
2012-01-24 02:31:04 AM
doglover: the actors and athletes go off an blow all the dime on consumer goods

Maybach is discontinuing production. They're not spending enuf.
 
2012-01-24 02:32:39 AM
Gig103: I probably wouldn't go as far as to condemn him for his profit, since I'm jealous, but to think his agenda in the White House would be anything other than affecting laws to increase this ability is why I wouldn't vote for him.

I may not have nearly as much money as him, but one thing I'm not is jealous of Mitt Romney.
 
2012-01-24 02:36:16 AM
violentsalvation: Has he said that? He thinks his tax rates are too high?

Gingrich would like to see him pay less.

http://factcheck.org/ (new window)
 
2012-01-24 02:51:49 AM
This does make his obvious enjoyment of forcing Teddy Kennedy to re-mortgage his house seem extra douchey...
 
2012-01-24 03:02:34 AM
Petit_Merdeux: violentsalvation: Has he said that? He thinks his tax rates are too high?

Gingrich would like to see him pay less.

http://factcheck.org/ (new window)


Well Gingrich is insane and disgusting. He is a sociopath with no moral compass.

As for my question about Mitt up above, I know I should know my potential candidates' positions better, but I am pretty disgusted with the whole crowd. I am happy to learn their positions but I can't say I care to know them enough to really argue for them.
 
2012-01-24 06:29:12 AM
violentsalvation: Cyberluddite: violentsalvation: Yes, his absurdly low tax rate is his fault.

Except he thinks it's too high and that the "job creators" like him should have their taxes cut even more.

Has he said that? He thinks his tax rates are too high? I honestly don't know, and for what it is worth, I am not a Romney supporter.


His tax plan would cut his taxes by something close to another million IIRC. That is from memory though, and it's too early for me to give enough of a fark to go looking. I am absolutely positive that his tax plan would reduce his tax rate by a substantial amount.
 
2012-01-24 06:58:21 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

No, but when he has the balls to turn around and say the working poor and lower middle classes should pay more in taxes while people like him should pay the same or less, then I have a big problem with Mr. Bain Capital and his 13% tax rate.

Like all the other assholes in the GOP field this year, Mitt is a shameless hypocritical plutocrat.
 
2012-01-24 07:52:44 AM
SJKebab: FTFA: The documents showed he and his wife contributed $7 million in charity over the two years, much of it going to his Mormon church. That represents more than 15 percent of the Romneys' income for those years.

I don't have a big problem with this, so long as the church he donates to actually does charitable work. If this just buys buildings and plots of land for the church, then it's a scam and should be treated as such.


Where I used to live in Alabama, this large church built a massive gym with tons of exercises equipment -- it was as good as any commercial gym. In effect, church members got to take a tax donation on their gym membership.
 
2012-01-24 07:53:05 AM
Yeah, Mitt Romney, he's just like you, he knows what it's like to buy store brand bread and turn your heat down to 58o in the winter!
 
2012-01-24 07:53:48 AM
Grand_Moff_Joseph: That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable

Eh it's a disgusting amount of money to be sure, but it really doesn't speak to his qualifications to be a leader one way or the other.
 
2012-01-24 07:54:48 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

Oh shut the everliving fark up. Have you forgotten that he's campaigning on tax cuts for the wealthy at the expense of the lower middle class?
 
2012-01-24 07:55:12 AM
dletter: Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?

Not actors or athletes because they make money for other people or they wouldn't be earning what they're earning. Their salaries are based on performance.
 
2012-01-24 07:55:23 AM
Think how many jobs Mitt would have created had he only paid 7% in taxes.
 
2012-01-24 07:55:40 AM
saintpetersblog.com
 
2012-01-24 07:56:10 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

Clearly his believes he's paying too much in taxes. His tax plan would result in his tax rate being cut in half.
 
2012-01-24 08:00:01 AM
Granted I'm not sure if that graph includes any changes to capital gains tax.
 
2012-01-24 08:00:12 AM
It's hard to 'conceptualize' that kind of money, if it was easy, I doubt it would be allowed to occur.
 
2012-01-24 08:01:07 AM
This is why you farking fail. THIS is the mechanism.
 
2012-01-24 08:01:28 AM
"I don't think you want someone as the candidate for president who pays more taxes than he owes.''

Why not?
 
2012-01-24 08:01:51 AM
This, in and of itself is not a problem. It's his policies and stances viewed through this lens that is.
 
2012-01-24 08:03:04 AM
OMG YOU GUYS ARE JUST JEALOUS

Ever wonder what the LDS is up to with all that tithe money? I know you Baptists do. Better give Gingrich the nod, he's the only one that can save your faith now.
 
2012-01-24 08:04:56 AM
Jake Havechek: Yeah, Mitt Romney, he's just like you, he knows what it's like to buy store brand bread and turn your heat down to 58o in the winter!

Mitt Romney is just like you and me. He knows what it's like to live on Ramen and scrape up change from under your floor mats to have enough gas to get to work another day
 
2012-01-24 08:05:15 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

Certainly not. However, it IS indicative of a problem with America's tax structures. It's also indicative that Romney has absolutely no connection with anyone who's not a millionaire. I mean, his "not very much income from speaking engagements" ALONE puts him in the top 1%, and he didn't even notice the income! And, his plan to cut his own taxes while raising them on everyone else IS a problem.

And finally, let's not forget that Mittens would not be rich nor famous were his daddy not rich and famous. Although he's probably not as incompetent Bush, who likewise was born on third and thought he hit a triple.
 
2012-01-24 08:05:36 AM
Why do liberals hate success? Romney worked hard and created thousands of jobs he SHOULD be rewarded. He followed all the laws about paying taxes and donated large amounts of money to charity.
 
2012-01-24 08:05:43 AM
dletter: Are you as indignant towards them as well?

dletter: lets not single out Romney with his wealth and earnings

Romney is the one running for president and he's running for president on the ticket of a party that seems downright offended that he even has to pay that much. So, yes, let's single out Romney. If Michael Vick starts shooting off his mouth about how he shouldn't have to pay such "high" taxes because poor people have refrigerators THEN I'll start attacking him too.

Until then, Romney is the one that wants to be president, he's the one that wants to be president in a party that wants the ultra-rich's taxes cut even further while raising taxes on the bottom 50%, so he gets the scrutiny.
 
2012-01-24 08:07:14 AM
Carth: Why do liberals hate success? Romney worked hard and created thousands of jobs he SHOULD be rewarded. He followed all the laws about paying taxes and donated large amounts of money to charity.

Romney has never created a job in his life and you know it.

/Well, maybe some in CHina or India or even South Korea.
 
2012-01-24 08:07:36 AM
HotWingConspiracy: Ever wonder what the LDS is up to with all that tithe money?

Making sure that homosexuals are still treated like second class citizens in California?
 
2012-01-24 08:07:42 AM
dletter: Grand_Moff_Joseph: Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.

Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?
I look at them differently because they are a case of the rich paying the rich. If rich guy Robert Kraft wants to pay Tom Brady way too much money to play a game, then let him waste his money. Same goes for George Clooney. At the end of the day, both Brady and Clooney do something marginally useful for that money - they make us laugh/cheer/boo/etc. People like Romney, however, do absolutely nothing to earn their wealth, apart from employing every scheme and trick imaginable to create money out of nothing, then hide it from as much taxation as possible.

Sure, Clooney and Brady make money off of you and me when we buy tickets to the game or movie. But, if we are poor and broke, we won't buy those things, and if that happens to enough people, Brady and Clooney will eventually feel it. With Romney though, when we go broke and are tapped out, he just throws our carcasses in the street and moves onto the next rubes to swindle.

I'm certainly not a Romney apologist, but, lets not single out Romney with his wealth and earnings.

And while I agree his tax rate could be higher, I would be for lowering his tax rate, even down to 0, if he was reinvesting his money into things that actually create jobs.... and not just a policy of "lets lower their rate and hope they do"..... that is the main problem I have with the GOPs logic. "We need to lower the super-rich people's rates so they can create opportunities and jobs!!". "So, you'll make tax rules/regulations that force them to do that if they have that tax rate?" "Well, no, we're just assuming they'll want to". Ooooookkkkkayyy.

Agreed - the logic there is torturing
 
2012-01-24 08:07:54 AM
Carth: Why do liberals hate success? Romney worked hard and created thousands of jobs he SHOULD be rewarded. He followed all the laws about paying taxes and donated large amounts of money to charity.

There are sources of information outside of Romney's commercials.
 
2012-01-24 08:08:02 AM
Carth: Why do liberals hate success? Romney worked hard and created thousands of jobs he SHOULD be rewarded. He followed all the laws about paying taxes and donated large amounts of money to charity.

Mmm hmmm.... we'll pretend, I suppose, that you're actually being honest here just for the shiats and giggles. It's been a slow morning so far and I need something to do, so I guess I'll feed you since you just hocked up all those talking points.

1. How many jobs did he create.
2. Nobody claimed he did anything illegal.
3. He got tax breaks for his donations.
4. You have no point and what you said is entirely empty blather.
 
2012-01-24 08:08:48 AM
If more than 50% of your income is from capital gains, it should be taxed as wages.
 
2012-01-24 08:09:37 AM
dletter: Grand_Moff_Joseph: Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.

Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?
I look at them differently because they are a case of the rich paying the rich. If rich guy Robert Kraft wants to pay Tom Brady way too much money to play a game, then let him waste his money. Same goes for George Clooney. At the end of the day, both Brady and Clooney do something marginally useful for that money - they make us laugh/cheer/boo/etc. People like Romney, however, do absolutely nothing to earn their wealth, apart from employing every scheme and trick imaginable to create money out of nothing, then hide it from as much taxation as possible.

Sure, Clooney and Brady make money off of you and me when we buy tickets to the game or movie. But, if we are poor and broke, we won't buy those things, and if that happens to enough people, Brady and Clooney will eventually feel it. With Romney though, when we go broke and are tapped out, he just throws our carcasses in the street and moves onto the next rubes to swindle.


I'm certainly not a Romney apologist, but, lets not single out Romney with his wealth and earnings.

And while I agree his tax rate could be higher, I would be for lowering his tax rate, even down to 0, if he was reinvesting his money into things that actually create jobs.... and not just a policy of "lets lower their rate and hope they do"..... that is the main problem I have with the GOPs logic. "We need to lower the super-rich people's rates so they can create opportunities and jobs!!". "So, you'll make tax rules/regulations that force them to do that if they have that tax rate?" "Well, no, we're just assuming they'll want to". Ooooookkkkkayyy.

Agreed
 
2012-01-24 08:10:05 AM
Carth: donated large amounts of money to charity

Oh, and by the way, donating your money to the Temple of Tiamat isn't exactly a great moral thing.
 
2012-01-24 08:10:18 AM
Grand_Moff_Joseph: dletter: Grand_Moff_Joseph: Just think about that for a second: At current levels, it would take nearly a millennium for the average American worker to generate as much income as one Mitt Romney did in two.


That a guy like this thinks he's entitled/qualified to lead the rest of us is laughable. That society in general allows one man to accumulate such wealth off the backs of others is both sad and horrifying.

Although, you have top level actors, athletes and other business professionals that have made similar amounts of money in 2 years. Are you as indignant towards them as well?
I look at them differently because they are a case of the rich paying the rich. If rich guy Robert Kraft wants to pay Tom Brady way too much money to play a game, then let him waste his money. Same goes for George Clooney. At the end of the day, both Brady and Clooney do something marginally useful for that money - they make us laugh/cheer/boo/etc. People like Romney, however, do absolutely nothing to earn their wealth, apart from employing every scheme and trick imaginable to create money out of nothing, then hide it from as much taxation as possible.

Sure, Clooney and Brady make money off of you and me when we buy tickets to the game or movie. But, if we are poor and broke, we won't buy those things, and if that happens to enough people, Brady and Clooney will eventually feel it. With Romney though, when we go broke and are tapped out, he just throws our carcasses in the street and moves onto the next rubes to swindle.

I'm certainly not a Romney apologist, but, lets not single out Romney with his wealth and earnings.

And while I agree his tax rate could be higher, I would be for lowering his tax rate, even down to 0, if he was reinvesting his money into things that actually create jobs.... and not just a policy of "lets lower their rate and hope they do"..... that is the main problem I have with the GOPs logic. "We need to lower the super-rich people's rates so they can c ...


Tagging fail. Fixed in above post.
 
2012-01-24 08:10:29 AM
Carth: Why do liberals hate success? Romney worked hard and created thousands of jobs he SHOULD be rewarded. He followed all the laws about paying taxes and donated large amounts of money to charity.

WHAR JOBS WHE?
 
2012-01-24 08:10:59 AM
I hate people that know how to do things that I don't! My ignorance is so unfair of them. :'(

annahumphrey.com
 
2012-01-24 08:11:23 AM
Splinshints: Carth: donated large amounts of money to charity

Oh, and by the way, donating your money to the Temple of Tiamat isn't exactly a great moral thing.


Especially when a lot of that money went right to promote Prop 8 in CA.
 
2012-01-24 08:12:04 AM
violentsalvation: Yes, his absurdly low tax rate is his fault.

It doesn't have to be his fault, but it's definitely something to consider for those of us who think such a thing shouldn't be possible.
 
2012-01-24 08:12:51 AM
Jackson Herring

That makes total sense. Poor people just waste money, a finite resource. They may not have a lot individually, but with 45 million Americans in poverty that adds up. You think about all that money going to waste on cigarettes, lottery tickets, and 40s -- well if upstanding job creators could just get their hands on that you'd see an economic boom you wouldn't believe and we'd all be the better for it. And that's not the end of it. Poor people in this country are over-rewarded for their sloth with big-screen TVs and refrigerators with built-in ice makers and respond by filling our Head Start programs with Fetal Alcohol Syndrome. If we could just get back to a market driven economy rather than redistributive Earned Income Tax Credits maybe these people would have to start making the hard economic decisions which lead to an efficient economy, rather than fueling their immorality at the public trough.
 
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