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(Huffington Post)   The corporate executives literally have no idea how the rest of America lives   (huffingtonpost.com) divider line 180
    More: Dumbass, Lloyd Blankfein, Goldman Sachs, CEO, U.S. economy, Wall Street bailout, deficit hawk  
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7260 clicks; posted to Business » on 28 Nov 2012 at 10:55 AM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2012-11-28 08:46:52 AM  
It was the best of times, it was the worst of times.....

/Just sayin'
 
2012-11-28 08:50:15 AM  
i have a fridge, AND a garbage can. I am the 99%
 
2012-11-28 09:10:48 AM  
How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.
 
2012-11-28 09:15:27 AM  

TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.


You don't have people around you 24/7 with their lips permanently super-glued to your ass cheeks reminding you how "exceptional" you are. I function among the wealthy. Many of them are completed blinded to the extraordinary advantages they've had their whole lives and have come to believe what their sycophantic echo chamber tells them.
 
2012-11-28 09:19:54 AM  

TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.


Born, raised, and operate in a bubble of wealth with like-minded people.
 
2012-11-28 09:33:39 AM  

Howie Spankowitz: TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.

You don't have people around you 24/7 with their lips permanently super-glued to your ass cheeks reminding you how "exceptional" you are. I function among the wealthy. Many of them are completed blinded to the extraordinary advantages they've had their whole lives and have come to believe what their sycophantic echo chamber tells them.


Diogenes: TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.

Born, raised, and operate in a bubble of wealth with like-minded people.


Yep. That covers it.
 
2012-11-28 09:36:24 AM  

TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.



To add to what has been said, most people like this have a keen sense of situations where they can be criticized, where they will have to directly face their critics, and they avoid those situations. It's easy to do if you are in charge and/or very wealthy. If it can't be avoided then they would have a more difficult time denying they are dickish, horrible people or at least they would have a more difficult time convincing themselves they are good, fair, whatever...
 
2012-11-28 09:46:02 AM  
Blankfein is one of many Fortune 500 CEOs who joined together under the name "Fix the Debt," a campaign to cut Social Security, Medicare and Medicaid to address the federal deficit during the fiscal showdown. This group of more than 90 CEOs is pushing cuts to middle-class programs while shielding millionaires, billionaires and big corporations from tax increases.

remember - tax cuts and/or bailouts for the middle class are socialism and make this country weak. Tax cuts and bailouts for the rich are good business and make this country strong. if we start helping the middle class and/or poor people then they'll depend on government aid! that's bad. But if we help corporations and rich people, then they'll make us all better for it and life will improve for everyone! most especially the rich people who already HAVE a ton of money.

*sigh*

ya know you can't preach greed at the middle class then expect them to NOT want a cut of that money for themselves. thats what's really getting the GOP in trouble. they're preaching the gospel of greed at their rank and file, saying that money is wonderful and that tax cuts for the rich are saving this country....but the rank and file got the idea that THEY are rich as well, so they deserve a tax cut just like the CEO types that run the Republican party. the GOP hasn't come through on their promised tax cuts while the Democrats keep fighting for them. money is money no matter who gives it to you...remember the GOP party line is 'greed is good'. they believe this as an article of faith. if greed is good and money is money then you go with whomever gives you the money...which in this case is the Democrats.
 
2012-11-28 09:46:53 AM  

UberDave: TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.


To add to what has been said, most people like this have a keen sense of situations where they can be criticized, where they will have to directly face their critics, and they avoid those situations. It's easy to do if you are in charge and/or very wealthy. If it can't be avoided then they would have a more difficult time denying they are dickish, horrible people or at least they would have a more difficult time convincing themselves they are good, fair, whatever...


Or as I call it, "What I learned about Mitt Romney."
 
2012-11-28 10:24:46 AM  

Weaver95: ya know you can't preach greed at the middle class then expect them to NOT want a cut of that money for themselves. thats what's really getting the GOP in trouble. they're preaching the gospel of greed at their rank and file, saying that money is wonderful and that tax cuts for the rich are saving this country....but the rank and file got the idea that THEY are rich as well, so they deserve a tax cut just like the CEO types that run the Republican party. the GOP hasn't come through on their promised tax cuts while the Democrats keep fighting for them. money is money no matter who gives it to you...remember the GOP party line is 'greed is good'. they believe this as an article of faith. if greed is good and money is money then you go with whomever gives you the money...which in this case is the Democrats.


Well, thus far they're still convincing most of the party faithful that they'd all be sleeping on piles of money if only Teh Democrats/Libs/Unions/Gays weren't conspiring against them to deny them their fair share. But I think the glamour is wearing thin.
 
2012-11-28 10:29:25 AM  

Chariset:

Well, thus far they're still convincing most of the party faithful that they'd all be sleeping on piles of money if only Teh Democrats/Libs/Unions/Gays weren't conspiring against them to deny them their fair share. But I think the glamour is wearing thin.


that works for the True Believers but...the Republicans haven't delivered on that pile of money...and you can't still preach greed and keep delaying on the pay outs. eventually you HAVE to give them the money, or you risk losing 'em. And if you incite people to greed then stiff them on the cash....hoo boy! they're gonna hate you till the day you die.
 
2012-11-28 10:32:43 AM  
Do we really need two greened threads about this dude right next to each other?
 
2012-11-28 10:34:34 AM  

Chariset: Weaver95: ya know you can't preach greed at the middle class then expect them to NOT want a cut of that money for themselves. thats what's really getting the GOP in trouble. they're preaching the gospel of greed at their rank and file, saying that money is wonderful and that tax cuts for the rich are saving this country....but the rank and file got the idea that THEY are rich as well, so they deserve a tax cut just like the CEO types that run the Republican party. the GOP hasn't come through on their promised tax cuts while the Democrats keep fighting for them. money is money no matter who gives it to you...remember the GOP party line is 'greed is good'. they believe this as an article of faith. if greed is good and money is money then you go with whomever gives you the money...which in this case is the Democrats.

Well, thus far they're still convincing most of the party faithful that they'd all be sleeping on piles of money if only Teh Democrats/Libs/Unions/Gays weren't conspiring against them to deny them their fair share. But I think the glamour is wearing thin.



I grew up very well off and very Republican in VERY Republican Orange County, SoCal...

My parents were SHOCKED that I voted Democrat this election cycle.

My Parents: "But we are going to be taxed to hell more and more...your father had to cut a check to the IRS for $220,000 last year...it's not fair!!!"

Me: "Mom, Dad...I earned $60K last year and I had to shell out and additional $3500 when doing my taxes...let me ask you something - Who was hurt more by cutting a check to the IRS...you two or Mrs. Wombat and I?"

I took a real, hard look at the GOP this time around and I totally agree that they have convinced their base that they are millionaires but cannot access that money until the Dems are out of office.
 
2012-11-28 11:25:27 AM  

UberDave: To add to what has been said, most people like this have a keen sense of situations where they can be criticized, where they will have to directly face their critics, and they avoid those situations. It's easy to do if you are in charge and/or very wealthy.


Exhibit A would be Willard "Mitt" Romney, and I think it's why he lost. Dumbya was a narrow-minded mamma's boy who never learned a damn thing he didn't want to and Obama is a spineless eunuch with all the wrong friends in the Gold Mansacks fraternity, but at least they're socially functional. Romney may have genuinely thought he was best for America, but I wasn't the only one who noticed he was downright baffled that people reacted negatively to his comments. When his campaign tried to correct his message he was no longer talking openly and thus had no idea what to do.

It'd be productive to inform people that Romney IS the rich. He is the rich personified. He is what F. Scott Fitzgerald had in mind when he said, "The rich are different from you or me." No knowledge of working-class priorities, no experience with true adversity. The only facts of life he has are what he's been told. When it comes to real-world problems, his maturity is comparable to that of a grade-schooler who still thinks ATMs are magical money machines. The ultimate "snowflake". And when it comes to society, living proof that being born rich is less likely to make you a "job creator" than an utterly worthless and sociopathic member of the rentier class.
 
2012-11-28 11:26:03 AM  
Twenty years ago I got laid off from a job as an engineer so that the CEO could move profits from the fourth quarter to the second. This move cost he company money in the course of the year but it triggered a $2 million bonus for the CEO. As an unemployed share holder I called him on his short sighted management style and in all honesty he though he deserved the money for making the hard decision to fire me. The best way to think of many of these captains of industry is sociopath.
 
2012-11-28 11:30:32 AM  

Endive Wombat: I took a real, hard look at the GOP this time around and I totally agree that they have convinced their base that they are millionaires but cannot access that money until the Dems are out of office.


There's that. And the vast majority I know actually believe that anyone leaning Democrat literally has a problem or issue with success and/or prosperity. I guess that makes them more comfortable with their general viewpoint (although it is rather adolescent).
 
2012-11-28 11:32:50 AM  
IOW... these mammonites are saying "Let them eat cake"?
 
2012-11-28 11:39:56 AM  

Endive Wombat: I took a real, hard look at the GOP this time around and I totally agree that they have convinced their base that they are millionaires but cannot access that money until the Dems are out of office.


They didn't invent it:
"Most of the so-called Communists I met were middle-class, middle-aged people playing a game of dreams. I remember a woman in easy circumstances saying to another even more affluent: 'After the revolution even we will have more, won't we, dear?' Then there was another lover of proletarians who used to raise hell with Sunday picknickers on her property. I guess the trouble was that we didn't have any self-admitted proletarians. Everyone was a temporarily embarrassed capitalist."
- John Steinbeck in 1966
 
2012-11-28 11:43:10 AM  
HuffPo is taking their comments out of context, surprise surprise.

Fix the Debt is a group of CEOs who are endorsing the Simpson Bowles deficit plan, which is the plan that Obama is also endorsing.



Lloyd Blankfein says seniors can expect less. True. But he is also calling for his own taxes to go up as well.

"I believe that tax increases, especially for the wealthiest, are appropriate"

Link

/fark you Huffpo, for making me defend Blankfein
 
2012-11-28 11:53:52 AM  
Everyone needs to do with less. How much less should be directly proportional to how much you already have. Since we don't have an effective way to accurately measure value--especially the rich, whose wealth is quite mobile--we should assess based on the next best measure, income.

Below a certain line, (would be good to perform a locality-based poverty line) you are not required to do with less. Above that, line, you do with less, proportional to your income.

Oddly enough that's what everyone is saying, it's just getting down to determining how much and from whom. One thing is certain. If they don't fix it, we're all farked, except for the very rich.
 
2012-11-28 11:53:53 AM  
'The President, Senators and most of the House of Representatives along with corporate executives literally have no idea how the rest of America lives'

FTFY, subby.
 
2012-11-28 12:04:10 PM  

rolladuck: Everyone needs to do with less. How much less should be directly proportional to how much you already have.


What's stupid is that this is a political discussion when there's plenty of other ways to raise standard of living besides direct wealth redistribution. The amount of money lost to the average American household from interest payments and pure waste of raw resources is staggering. In terms of RoI, most households would save a LOT more money by not watering their lawns in summer daytimes than voting for a tax cut, and this isn't exactly a sacrifice.
 
2012-11-28 12:08:13 PM  
It's tiring being constantly told we have to do more with less by those with everything.
 
2012-11-28 12:11:03 PM  
Everyone needs to do with less.
How about including the government in that statement. Maybe just a few less bridges / roads that go to nowhere, and maybe we could save a few bucks.
 
2012-11-28 12:11:14 PM  
Is it time to go all "French Revolution" on these assholes yet?
 
2012-11-28 12:11:52 PM  

dragonchild: In terms of RoI, most households would save a LOT more money by not watering their lawns in summer daytimes than voting for a tax cut, and this isn't exactly a sacrifice.


Hell yeah I agree with that. Not just for cost but for our most important resource which people waste with glee. I also argue the wasting of food. Look up how much water goes into a lb of beef. Every time you see someone waste burger I cringe. Wasting food means that we as a nation wasted what could be an export or something we didn't have to import.
 
2012-11-28 12:22:38 PM  
Once again folks are looking at the wrong part of the problem. Until gov't spending is brought under control ACROSS THE BOARD an extra tax burden on the evil rich won't solve a single problem.

An extra $50biliion/yr will not make a dent in our economic future and if you can't see that then everything else is a waste of time.
 
2012-11-28 12:31:43 PM  

cig-mkr: Everyone needs to do with less.


It's sad you believe this
 
2012-11-28 12:34:15 PM  
I think it'd be fun to watch an aged CEO be forced to live on a fixed income for a month.
 
2012-11-28 12:36:07 PM  
Anyone who is not living pay check to paycheck does not realize what it is like to have no real hope of getting ahead enough to take a vacation, help a child pay for education, or retire.
 
2012-11-28 12:36:51 PM  

cig-mkr: Everyone needs to do with less.
How about including the government in that statement. Maybe just a few less bridges / roads that go to nowhere, and maybe we could save a few bucks.


When the government doesn't dole out bridges to nowhere, etc., people are doing with less. It's just another subset of the same solution. Tax more (based on personal value) spend less where we don't need to spend. A Pareto chart would be good here--organize by ROI and tax receipts. Once you reach 100% tax receipts, you stop funding. The problem is obvious--how do you calculate ROI.

Absent that, the government should have to take in less taxes and build less unnecessary things. Some things just aren't worth the work you put into them, and never will be. But the government almost never kills a program, and unless a government employee commits a horrible felony, you can't fire the employee. And if he's voted into office, you'll probably never get rid of the bastard.
 
2012-11-28 12:37:45 PM  

dorko16: cig-mkr: Everyone needs to do with less.


It's sad you believe this


Forget all the technology-fueled productivity gains. We need to live like it's the 1930s again.
 
2012-11-28 12:39:37 PM  
fark that guy.
 
2012-11-28 12:40:52 PM  

jaybeezey: Once again folks are looking at the wrong part of the problem. Until gov't spending is brought under control ACROSS THE BOARD an extra tax burden on the evil rich won't solve a single problem.

An extra $50biliion/yr will not make a dent in our economic future and if you can't see that then everything else is a waste of time.


They have benefited more from the american environment than any one of us, they should pay in kind. Do we need spending cuts? absolutely, but to say the top 5% don't need to pay more because it wont fix everything is, well, pretty farking potato.
 
2012-11-28 12:40:55 PM  

jaybeezey: Until gov't spending is brought under control ACROSS THE BOARD an extra tax burden on the evil rich won't solve a single problem.


Despite what they say, conservatives do not care about government spending, the deficit or the budget.

Their goal is helping the wealthy and reducing the living standards of everybody else (so wages are driven down).

We've had 30 years of conservative "values" infesting our government, and they have successfully reduced middle and lower class incomes and shoveled the difference into the bank accounts off the wealthy.

It's not a secret, it's not an accident. Conservatives have worked very hard to make life worse for most Americans.

blogs-images.forbes.com
 
2012-11-28 12:45:28 PM  

jaybeezey: Once again folks are looking at the wrong part of the problem.


No they aren't. Because
- Debt reduction is ONE PART of the solution.
- Another is TAX INCREASES.
- Another is Prioritized Spending. Stop building bridges to nowhere, forcing people to put corn in their gas and then subsidize the crop, stop building up a military complex that is redundant to the one you already have, etc. etc.

As to just Soc Sec.
Imagine the US Soc. Sec. obligations were personal debt. And all the expenses they incur amount to your daily expenses.

At the personal debt level of the US right now, you could do the equivalent of locking yourself in a room at your current wage, only keeping the rent, heat/cooling, and minimal diet and NEVER get out of debt. And that is assuming someone keeps paying you for doing nothing other than eating and shiating yourself.

In order to remove the debt, even with truncated spending, is to increase your wage.
If you were a person, you would aspire to a higher paying job. You might incur debt even to get there (college education, a move, etc.), but you have a long term plan other than just setting in a room shiating yourself. You also have to increase your WAGE, which equates to taxes and fees.

Specific to Soc. Sec. We don't need to CUT Social Security, raise the age requirement, or ANY THING else to the benefits. What we have to do is remove the CAP and allow a graduated tax up to 1Bill. Eventually the rich won't be effected by it anyway since they start using non-income wealth strategies and will avoid SS anyway.

How about USPS.
Want it to run at a balanced sheet?
Stop forcing it to upfront it retirement/pension cost unlike ANY OTHER business in the world.
Instantly the balance sheet works out.
SEE.... that is neither debt reduction or tax increase. That is a policy decision.
Amazing how many parts there are to solving this.
 
2012-11-28 12:52:06 PM  

tricycleracer: dorko16: cig-mkr: Everyone needs to do with less.


It's sad you believe this

Forget all the technology-fueled productivity gains. We need to live like it's the 1930s again.


And people act like it's some mystery as to why we're poor and getting poorer, as if the money up and vanished. That money still exists.
 
2012-11-28 12:53:38 PM  
Am I the only one having trouble seeing the hypocrisy that the author is railing on?
 
2012-11-28 12:55:54 PM  

dragonchild: rolladuck: Everyone needs to do with less. How much less should be directly proportional to how much you already have.

What's stupid is that this is a political discussion when there's plenty of other ways to raise standard of living besides direct wealth redistribution. The amount of money lost to the average American household from interest payments and pure waste of raw resources is staggering. In terms of RoI, most households would save a LOT more money by not watering their lawns in summer daytimes than voting for a tax cut, and this isn't exactly a sacrifice.


Lawns.

Emulation of the well to do landed aristocracy.

Green only because you spend the green on fertilizer, herbicides, pesticides, water, and gas to keep it mowed.

Doing away with the notion of a perfect lawn would save a hell of a lot too.
 
2012-11-28 01:00:48 PM  

uberaverage: Anyone who is not living pay check to paycheck does not realize what it is like to have no real hope of getting ahead enough to take a vacation, help a child pay for education, or retire.


I used to live paycheck-to-paycheck. I did for four years, then I got out of that mess. I proved to my employer through my performance that I was worth paying for a degree, and then I broke out of that perpetual hellhole of being broke. Now I have people who report to me, and I take care of them. My team is awesome, and we've had to get rid of one person who was deadweight, but we've actually improved since then. They're also happy that since we dropped the deadweight, they were able to split the pay she would have made as a bonus. (I owe HR and FM a lot of goodwill, but it's worth it.) I also make enough to support an unemployed wife with a chronic neurodegenerative illness, thanks to employer's health insurance.

I had a lot of luck, based on the fact that I eventually got a job with an employer who was not a jackass. I moved jobs until I found a company that was willing to invest in their employees. But I also had a lot of hard work behind me that broke me out of that hole, including periods of greater than 60 consecutive hours of no sleep so that I could work two jobs and attend school. Life is a brutal pain in the ass and you have to grab it by the horns. Sometimes it won't work, but if you never put in the effort, if you have a defeatist attitude, or a poverty consciousness, then you'll surely stay there.
 
2012-11-28 01:01:06 PM  

jaktripper: Is it time to go all "French Revolution" on these assholes yet?


Where do I sign up?
 
2012-11-28 01:10:32 PM  
CEO mindset:

I have 10,000 employees. If I pay each of them $1000 less per year, I save $10,000,000. As CEO, I pocket most of that. Shareholders approve!

They just want to do this on a grander scale. Good times roll indeed.
 
2012-11-28 01:11:57 PM  

Saiga410: Am I the only one having trouble seeing the hypocrisy that the author is railing on?


newsjunkiepost.com

Does that help at all?
 
2012-11-28 01:36:28 PM  
i53.tinypic.com
i51.tinypic.com
i52.tinypic.com
i54.tinypic.com
i51.tinypic.com
 
2012-11-28 01:36:52 PM  
I used to do private medical home health duty among the rich years back. We have a place here called 'John's Island' which is a beachside ultra-rich community where empty lots start at a million.

Attitudes there are a whole lot different than with the 'normal' folks. There's a sense of superiority and entitlement about the homes. They have maids and housekeepers, lawn men, a crew which keeps the streets clean, security patrols and check points, huge homes (which are usually one of several) and often, a swarm of private duty medical aids.

In some places -- well, most, actually, I was required to park in the back. My car wasn't classy. Some places required me to use the side doors. I found it interesting that they'd tip their club waiters very well, tip their paper delivery guy, tip the post man -- but folks like me who had to wipe their arses (literally), haul them out of bed, bath them, dress them and from time to time, drive them around, rarely got tipped more than $5.00 during holidays.
However, I was considered trustworthy to have free access to their valuables, administer their medications and be present during their assorted conversations.

One place I worked had servants quarters -- but no servants. The small quarters were NICER than my rental apartment of the time, though rigged with intercom systems so the occupants might be summoned at any time of the day or night.

More than one couple drew social security. They didn't need it, but they took it. The monthly check was often used as tip money at their clubs. They also drew Medicare and Medicaid, often having no problem with the programs paying 80% of any expensive surgeries they needed, while backed by the cream of the crop health insurance -- which also happily let Social Security foot the majority of the tab.

Of course, though, the insurance companies, while paying only 20% of most of the bills, did not decrease their premiums charged to these folks. At least, I observed, insurance companies screwed everyone equally.

Our local hospital, once one of the best in the state, fell under new management. The CEO promptly slashed staff, increased costs and mucked everything up until the place managed to make the 'worst hospital list'. The hospital paid for his luxury home, all of his and his families health care, provided them with cars, poked his kids in private schools and gave him a hefty income. He was also guaranteed, upon his leaving employment, several million in a severance package, stock options, extended health insurance, any bonuses and a long period of time for him to vacate his home and hospital owned cars. Plus, a couple of million in vacation pay.

I wish I had even half of a severance package like that.

He was fired eventually, and walked off laughing all the way to the bank.

The current CEO isn't much better but the very well off board of directors get along with him as he slashes costs, raises rates, fires staff and overworks those that are left.

An impressive and costly legal team is on retainer now, needed to handle the increasing flood of lawsuits -- most of which I don't consider frivolous and I despise litigious folks.

I've also noticed previously ecologically protected areas along the beach suddenly turn into high end developments. Funny, how no one seemed to know the zoning change until the bulldozers went in.

I left the private duty field years ago. High end clients were not all that pleasing to work for. I also observed the appearance of very high end retirement places -- nursing homes -- whose monthly charge for those luxurious places comes to probably more than you make in a year.

Then again, these high end 'cottages' are equipped with suitably unobtrusive medical equipment and monitoring systems, furnished like the Ritz, have their own staff of RNs and physicians and are exquisitely designed to be 'homey' and not institutional. You may have a hand in decorating and furnishing your cottage. You may do your own cooking or dine in the units excellent dining rooms. Staff is available to keep your place neat and clean. You will be comfortable behind layers of security to keep the riff-raff out.

BTW. Social Security plans and payments are accepted -- so long as you can pay the rest.
 
2012-11-28 01:37:34 PM  

Diogenes: TsarTom: How do they not realize what horrible people they are? I find it hard to believe the thought simply never occurs.
But I wtf do I know, I ain't got a pot to piss in and I'm a goddam peach.

Born, raised, and operate in a bubble of wealth with like-minded people.


For those who aren't though, it takes an extra scouring of their self awareness and a complete denial of the multitude of things that had to go exactly right for them to end up where they are, then replacing that hole in their personalities with an extra helping of arrogance.

That is not to say that everyone in a position of wealth and power operates this way, but the people who have enough wealth that their children's children are set for life, while retaining their gracious humility and an appreciation for the people that have helped them achieve, are few and far between.
 
2012-11-28 01:47:52 PM  
I love their idea of "Fix the Debt" but don't you dare raise taxes. How about this we raise the top marginal income rate to 91% and boom the debt is fixed.
 
2012-11-28 02:01:32 PM  
i234.photobucket.com

Soon
 
2012-11-28 02:23:58 PM  

Slaves2Darkness: I love their idea of "Fix the Debt" but don't you dare raise taxes. How about this we raise the top marginal income rate to 91% and boom the debt is fixed.


That's the problem. It wouldn't be. If we raised the tax rate to 100% we still wouldn't put a dent in the debt.

Sorry, killing the geese that lay the golden eggs isn't the solution. Fixing the spending is.
 
2012-11-28 02:28:58 PM  

Endive Wombat: Chariset: Weaver95: ya know you can't preach greed at the middle class then expect them to NOT want a cut of that money for themselves. thats what's really getting the GOP in trouble. they're preaching the gospel of greed at their rank and file, saying that money is wonderful and that tax cuts for the rich are saving this country....but the rank and file got the idea that THEY are rich as well, so they deserve a tax cut just like the CEO types that run the Republican party. the GOP hasn't come through on their promised tax cuts while the Democrats keep fighting for them. money is money no matter who gives it to you...remember the GOP party line is 'greed is good'. they believe this as an article of faith. if greed is good and money is money then you go with whomever gives you the money...which in this case is the Democrats.

Well, thus far they're still convincing most of the party faithful that they'd all be sleeping on piles of money if only Teh Democrats/Libs/Unions/Gays weren't conspiring against them to deny them their fair share. But I think the glamour is wearing thin.


I grew up very well off and very Republican in VERY Republican Orange County, SoCal...

My parents were SHOCKED that I voted Democrat this election cycle.

My Parents: "But we are going to be taxed to hell more and more...your father had to cut a check to the IRS for $220,000 last year...it's not fair!!!"

Me: "Mom, Dad...I earned $60K last year and I had to shell out and additional $3500 when doing my taxes...let me ask you something - Who was hurt more by cutting a check to the IRS...you two or Mrs. Wombat and I?"

I took a real, hard look at the GOP this time around and I totally agree that they have convinced their base that they are millionaires but cannot access that money until the Dems are out of office.


Let me see if I've got this right. Your Dad paid 70x more in taxes than you and you're STILL complaining that he didn't pay enough? Jesus. Farking. Christ.
 
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