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(Race 4 2012)   Romney might have denigrated 47% of Americans, but Obama was caught on tape endorsing redistribution of wealth. So why are people up in arms about the former but not the latter?   (race42012.com) divider line 388
    More: Interesting, President Obama, redistribution of wealth, Americans, intellectual honesty, latter, wealth, Mitt Romney, swing voters  
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2106 clicks; posted to Politics » on 18 Sep 2012 at 11:56 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-09-18 05:41:54 PM  
The people are up in arms over both. The news organizations are a different matter.
 
2012-09-18 05:42:32 PM  
Maybe cause Obama's tape is from 1998 and it is not new. But nice try there Drudge. Almost as effective as your Condi leak.
 
2012-09-18 05:49:08 PM  
Good/Democrat
Evil/Republican
 
2012-09-18 05:53:30 PM  
Progressive tax rates redistribute wealth by their very nature. Alternatives are utterly barbaric.
 
2012-09-18 05:53:55 PM  
The thing is, subby, Romney also favors redistribution of wealth- from your pocket to his.
 
2012-09-18 05:56:28 PM  
i'm still waiting for the "whitey tape." maybe you'll have to go back farther than 1998.

oh, and speaking of "redistributing wealth:"

i33.tinypic.com
 
2012-09-18 06:02:49 PM  

Marcus Aurelius: Progressive tax rates redistribute wealth by their very nature. Alternatives are utterly barbaric.


Paging Adam Smith to the cocktail lounge:


farm8.staticflickr.com

/hot
 
2012-09-18 06:05:03 PM  
Because one statement is ten times dumber than the other? Maybe?
 
2012-09-18 06:07:10 PM  
Need a proctologist for this magnitude of butthurt.
 
2012-09-18 06:08:11 PM  
Because subby's a douchebag?

/just my guess
//YMMV
 
2012-09-18 06:12:26 PM  
Except Romney's statements are also about redistribution of wealth.
 
2012-09-18 06:20:07 PM  
As far as the right-wing propaganda machine goes, it attacks Obama regularly for wanting, in their minds, to "redistribute wealth". Obama has said often that he believes the "rest of us", the "99%" deserve as he said in the audio "a shot". It is a truism that if one group, say the lower and middle classes, gain, somebody else, obviously the incredibly wealthy, has to lose. That is, of course, the "redistribution of wealth". The rich, those folks who manipulate the right-wingers and who despise Obama, aren't going to like it. I weep salty tears for the 1%, really I do.
 
2012-09-18 06:22:56 PM  
When Thurston V. Romney pays the same income tax rate as I do, I will take seriously your contention that there is any wealth redistribution occurring. Until then, he's a hypocritical sack of crap who is whining that working people like me are only paying twice, TWICE, TWICE the income tax rate he pays.

Or allegedly pays. We'll never actually know.
 
MBK [TotalFark]
2012-09-18 06:34:39 PM  
It is like this:

If you take a rich person's assets, and give away half, they are still filthy rich.

If you take a poor person's assets, give away half, they are now twice as poor.
 
2012-09-18 06:35:36 PM  
users.content.ytmnd.com
 
2012-09-18 06:43:39 PM  
"My suggestion, I guess, would be, that the trick - and this is one of the few areas where I think there are technical issues that have to be dealt with, and not just political issues - the trick is figuring out - how do we structure government systems to pull resources, and hence facilitate some redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody's got a shot."

Republicans hear this and think that Obama is going to seize their bank accounts and take their money to hand out to the poor.

Democrats hear this and think that Obama wants to make the tax code fairer to the middle class and make a strong safety net of job training and education to pull people up out of poverty.

Who are we supposed to blame for Republicans being so paranoid and stupid?
 
2012-09-18 06:51:26 PM  

AdolfOliverPanties: "My suggestion, I guess, would be, that the trick - and this is one of the few areas where I think there are technical issues that have to be dealt with, and not just political issues - the trick is figuring out - how do we structure government systems to pull resources, and hence facilitate some redistribution, because I actually believe in redistribution, at least at a certain level, to make sure that everybody's got a shot."

Republicans hear this and think that Obama is going to seize their bank accounts and take their money to hand out to the poor.

Democrats hear this and think that Obama wants to make the tax code fairer to the middle class and make a strong safety net of job training and education to pull people up out of poverty.

Who are we supposed to blame for Republicans being so paranoid and stupid?


That's a long f*cking list

/suffice to say they're both gullible and easily frightened
 
2012-09-18 07:52:34 PM  
Boys have a penis and girls have a vagina
 
2012-09-18 07:56:38 PM  

MisterTweak: When Thurston V. Romney pays the same income tax rate as I do, I will take seriously your contention that there is any wealth redistribution occurring. Until then, he's a hypocritical sack of crap who is whining that working people like me are only paying twice, TWICE, TWICE the income tax rate he pays.

Or allegedly pays. We'll never actually know.


Don't forget, when confronted with Newt Motherfarking Gingrich's plan to eliminate the cap. Gains tax, Romney said that would mean he would pay NO taxes. That Implies he paid zero income tax. Maybe Harry Reid was right after all.
 
2012-09-18 07:59:06 PM  

cman: Boys have a penis and girls have a vagina


I find this the most accurate statement of the day.
 
2012-09-18 08:06:42 PM  
I wonder if the GOP's purposely being this crazy so the "flat tax" starts to sound reasonable.
 
2012-09-18 08:14:21 PM  

Marcus Aurelius: Progressive tax rates redistribute wealth by their very nature. Alternatives are utterly barbaric.


Also, every government in history that has spent a denarius has redistributed wealth.
 
2012-09-18 08:18:06 PM  
By Tuesday afternoon, the campaign seemed to find its footing. Aides inside Mr. Romney's Boston headquarters began highlighting a video of their own: a 1998 clip showing Barack Obama, then a state senator, saying that he wanted the government to facilitate the distribution of wealth. "I actually believe in redistribution," Mr. Obama said on the tape.

Soon, Mr. Romney was on Fox News, his television comfort zone, mocking the video. Twitter lit up with Romney aides taking the president to task for his word choice.


So they pulled this out of the mothballs of 1998 to deflect what Romney said in 2012. Gotcha.
 
2012-09-18 08:29:02 PM  

MisterTweak: When Thurston V. Romney pays the same income tax rate as I do, I will take seriously your contention that there is any wealth redistribution occurring. Until then, he's a hypocritical sack of crap who is whining that working people like me are only paying twice, TWICE, TWICE the income tax rate he pays.

Or allegedly pays. We'll never actually know.


You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.
 
2012-09-18 08:45:32 PM  

TheDumbBlonde: You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.


Somebody shoot this guy's points down one-by-one. I'm too farking tired.

I do like that his second to last sentence is actually a reworded Democratic talking point though. Nice work.
 
vpb [TotalFark]
2012-09-18 08:48:49 PM  
Because only a mentally retarded person would be "up in arms" at the latter?
 
2012-09-18 08:50:23 PM  

AdolfOliverPanties: TheDumbBlonde: You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.

Somebody shoot this guy's points down one-by-one. I'm too farking tired.

I do like that his second to last sentence is actually a reworded Democratic talking point though. Nice work.


I think she's pretty clear. Apparently, you have $100K because of earning it some point in the past. That was taxed. You then invest it and pay a lower tax rate for capital gains assuming you made that original $100K in a salaried position (the horror).

Her point? None that I can see.
 
2012-09-18 08:58:58 PM  

djkutch: AdolfOliverPanties: TheDumbBlonde: You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.

Somebody shoot this guy's points down one-by-one. I'm too farking tired.

I do like that his second to last sentence is actually a reworded Democratic talking point though. Nice work.

I think she's pretty clear. Apparently, you have $100K because of earning it some point in the past. That was taxed. You then invest it and pay a lower tax rate for capital gains assuming you made that original $100K in a salaried position (the horror).

Her point? None that I can see.


Unless someone borrows a shiat-ton of money from banks and investors, takes over a company, leverages it out the yingyang until it is flush with cash, pays himself tons of bonuses, emptying it of cash and value, then decides the company cannot be sustained and either shuts it down or sells it back to the original owners basically worthless and stashes the profits overseas.

I don't know where I came up with that idea.
 
2012-09-18 09:00:01 PM  
This headline doesnt make any sense.
 
2012-09-18 09:00:18 PM  

djkutch: AdolfOliverPanties: TheDumbBlonde: You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.

Somebody shoot this guy's points down one-by-one. I'm too farking tired.

I do like that his second to last sentence is actually a reworded Democratic talking point though. Nice work.

I think she's pretty clear. Apparently, you have $100K because of earning it some point in the past. That was taxed. You then invest it and pay a lower tax rate for capital gains assuming you made that original $100K in a salaried position (the horror).

Her point? None that I can see.


What if you inherited the 100k, or it was given to you? What if you only have 5k and borrow the rest? This is dumb anyways.

If i have 100k, pay you 100k to make and sell widgets, which makes me another 100k of profit, do you really think you should pay taxes on your 100k since you actually worked but i shouldnt since capitalism or something?
 
2012-09-18 09:01:42 PM  

AdolfOliverPanties: djkutch: AdolfOliverPanties: TheDumbBlonde: You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.

Somebody shoot this guy's points down one-by-one. I'm too farking tired.

I do like that his second to last sentence is actually a reworded Democratic talking point though. Nice work.

I think she's pretty clear. Apparently, you have $100K because of earning it some point in the past. That was taxed. You then invest it and pay a lower tax rate for capital gains assuming you made that original $100K in a salaried position (the horror).

Her point? None that I can see.

Unless someone borrows a shiat-ton of money from banks and investors, takes over a company, leverages it out the yingyang until it is flush with cash, pays himself tons of bonuses, emptying it of cash and value, then decides the company cannot be sustained and either shuts it down or sells it back to the original owners basically worthless and stashes the profits overseas.

I don't know where I came up with that idea.


Dude, you should work for this place called Bain Capital.
 
2012-09-18 09:05:49 PM  
I was expecting outrage. Not even hardly. He said some of the government ideas weren't always the best too. If I understand it the way he said it, if you are going to appropriate taxes from other people you have to do it effectively. Sometimes you will have to be innovative to do it. Real frikken outraged there.
 
2012-09-18 09:07:18 PM  

TheDumbBlonde: MisterTweak: When Thurston V. Romney pays the same income tax rate as I do, I will take seriously your contention that there is any wealth redistribution occurring. Until then, he's a hypocritical sack of crap who is whining that working people like me are only paying twice, TWICE, TWICE the income tax rate he pays.

Or allegedly pays. We'll never actually know.

You do realize that income tax comes before capital gains tax? So if you invested 100K in company ABC, you paid income tax on that money, and now you pay an addtional tax on any dividend you receive from that investment as "capital gain"? You get that right? You also get that payroll taxes and sales taxes are not "income taxes"? Of course you do.


Yes, I do get these things. Looking at the last dollar I brought home from work today, I paid 28 cents in federal income taxes. which, right out of the blocks, means I paid more than twice as much as Romney did on the last dollar he earned. I have SS/Medicare deducted from a large portion of my salary, which probably puts it in the low to mid 30 percent range overall. And I'll assume that Romney is including the same things when he promises us he's paid at least 11 percent or so for many years, but, really we don't know. And Romney didn't get where he was by intentionally disclosing information to people who might have a different perception of the deal they were getting if they saw the full spreadsheet.

I guess if I saw the value of a private equity manager to society as higher than that of, say, a soldier or a doctor, I would absolutely support subsidizing their lifestyle with my work. But honestly, I don't. Is Romney more beneficial to the nation than whatever schmuck had to go to Viet Nam in his place? You tell me.
 
2012-09-18 09:09:35 PM  

Nadie_AZ: cman: Boys have a penis and girls have a vagina

I find this the most accurate statement of the day.


I concur.
 
2012-09-18 09:23:34 PM  

MBK: It is like this:

If you take a rich person's assets, and give away half, they are still filthy rich.

If you take a poor person's assets, give away half, they are now twice as poor.


Ahhh yes, the rich got rich by stealing from the poor. Makes no sense at all.
 
2012-09-18 09:29:05 PM  
Romney said 47% of people vote for Obama because they want him to redistribute wealth to them. Obama said he is in favor of redistributing wealth.

So Romney is right.
 
2012-09-18 09:30:50 PM  

SlothB77: MBK: It is like this:

If you take a rich person's assets, and give away half, they are still filthy rich.

If you take a poor person's assets, give away half, they are now twice as poor.

Ahhh yes, the rich got rich by stealing from the poor. Makes no sense at all.


I don't if I would call it "stealing", but how do you feel about Romney's love of venture capitalism that removes jobs for the proletariat by sending them to China?
 
2012-09-18 09:32:58 PM  
Society works by redistributing wealth. And both Democrats and Republicans want to redistribute it. So the choice is really whether it goes to social programs or war.
 
2012-09-18 09:34:36 PM  

SlothB77: MBK: It is like this:

If you take a rich person's assets, and give away half, they are still filthy rich.

If you take a poor person's assets, give away half, they are now twice as poor.

Ahhh yes, the rich got rich by stealing from the poor. Makes no sense at all.


They got rich, at least in part, by using the services that this country provides, that are jointly owned by everyone. These services are typically being used more the rich so they should pay more.
 
2012-09-18 09:43:00 PM  
The real redistribution of wealth is happening not from middle class to poor or from rich to poor...but from young to old - or even more accurately, from young to last-year-of-life old.
 
2012-09-18 09:46:01 PM  
Because redistributing wealth is infinitely better for society than a bunch of rich people hoarding it and turning our democratic republic into fiefdoms.

I am pro redistributing wealth. And I am better off than most Americans. And many very bright and much more wealthy individuals agree with me.
 
2012-09-18 09:47:09 PM  
Have chickens been farked into extinction yet?
 
2012-09-18 09:47:56 PM  
The very concept of 'redistribution of wealth' is dumb to begin with, because it pre-supposes that there is some default 'distribution' which the government is then modifying. Which is nonsense, since this imagined default is itself completely a creation of government.
 
2012-09-18 09:55:06 PM  

sweetmelissa31: Society works by redistributing wealth. And both Democrats and Republicans want to redistribute it. So the choice is really whether it goes to social programs or war.


Thissomuch.
 
2012-09-18 10:03:00 PM  

coco ebert: sweetmelissa31: Society works by redistributing wealth. And both Democrats and Republicans want to redistribute it. So the choice is really whether it goes to social programs or war.

Thissomuch.


You have to have the occasional never ending war. Otherwise, the military industrial complex cannot survive.
 
2012-09-18 10:07:33 PM  

pecosdave: The people are up in arms over both. The news organizations are a different matter.


No, I'm pretty sure no one cares about Obama's wanting to balance a tipsy economy. Well, maybe a few care, but they're the ones on top who stand to lose a few million from their billions. "Oh, no! I won't be able to buy another solid gold yacht this year, or invest in corn futures! Whatever shall I do?"
 
2012-09-18 10:07:34 PM  
Perhaps because Romney agrees (though he also simultaneously disagrees):

"Frankly we have two very different views about America. The president's view is one of a larger government. There's a tape that just came out today where the president is saying he likes redistribution. I disagree. I think a society based upon a government-centered nation where government plays a larger and larger role, redistributes money, that's the wrong course for America. That will not build a strong America or help people out of poverty. I believe the right course for America is one where government steps in to help those who are in need. We're a compassionate people. But then we let people build their own lives... We believe in free people and free enterprises."
 
2012-09-18 10:13:26 PM  
"Don't vote with the assholes!"
"Don't vote with the losers!"
Solution.
 
2012-09-18 10:37:14 PM  

pecosdave: The people are up in arms over both. The news organizations are a different matter.


If you are too dumb to understand the difference between these two recordings, then you really are two dumb.
 
2012-09-18 10:37:49 PM  
too
 
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