Those selfish rich people. They just take and take and take.. when will they have taken enough from America? If we give credence to progressive leaders like Senator Bernie Sanders, this is the sentiment of America. During a 8 1/2 hour rant.. er .. filibuster, Senator Sanders tore apart Conservatives and the successful in America. Here, Bernie is assaulting the tax compromise as he believes that everyone except small businesses and the wealthy should have their tax rates remain the same as in 2010:
The rich have it all right now–the top 1 percent earns 23 1/2 percent of all income, more than the bottom 50 percent–and it is absurd that we continue to bail out people who do not need any help and who are doing just fine.
Don’t get me wrong. I do not like the tax compromise one bit, but since when is not raising ones taxes a bail out? This bill does not decrease the amount that anyone will pay, it only says that they will not suffer a tax increase. These highly-successful Americans are not asking for a bail out, they are asking to be left alone. They are asking for you, Senator Sanders, to get your grubby, greedy, selfish mitts off of their personal and private property. That property protected by the Constitution you so easily disregard when convenient.
The Senator also points to a pillar of progressive philosophy to continue his assault on the biggest investors, job creators and producers in our society.
In 2007, the top 1 percent of all income earners made 23.5 percent of all income. Let me repeat that: The top 1 percent earned over 23 percent of all income; that is, more than the bottom 50 percent.
So Senator Sanders remakes the same point (one he uses repeatedly in the filibuster) but here is saying that 50% of Americans haven’t started their own businesses and been highly successful? Why not? Are the 50% being held back by the 1%? Of course not. Just because one person is savvy enough to create a business plan and execute it does not somehow make it harder for another person to create their own plan. Why should the effective entrepreneur be held back by the ineffective one? Sounds a lot like our lowest common denominator education system. Coincidence?
So while Bernie makes the point that the top 1% make 23% of income (and pay an even higher percentage in income taxes), he then demonstrates the already highly-progressive tax system we have.
Let us be very clear: This tax applies only–only–to the top three-tenths of 1 percent of American families; 99.7 percent of American families will not pay one nickel in an estate tax. This is not a tax on the rich, this is a tax on the very, very, very rich.(Article Continues Below Advertisement)Sponsored Content
If my Republican friends had been successful in doing what they want to do, which is eliminate this estate tax completely, it would have cost our Treasury–raised the national debt by $1 trillion over a 10-year period. Families such as the Walton family, of Wal-Mart fame, would have received, just this one family, about a $30 billion tax break.
That’s right, 3 tenths of one percent of tax payers are responsible for $1 trillion in tax revenue!! That only takes into account the death tax. The money used to purchase these assets was possibly once taxed as income and the asset purchase was probably taxed with sales tax (and an unknown number of federal fees, levies, and other taxes). So this is possibly the third time those dollars were taxed.
So who are progressive liberals like Senator Sanders helping? Who are those that need so much government because they cannot help themselves? Oh, who could forget these takers of Obama stimulus money?
Now, how many jobs do you think those people are going to make with that stimulus cash?
Class warfare is a necessity if the liberal philosophy is to survive. The most productive, the makers, must be constantly assaulted as if their gains have all been made on the backs of the poor. The takers must be held on-high so that they can continue their dependence, and therefor allegiance, to the almighty government.
As if to add an exclamation point to the Senator’s diatribe, he made the clearly uninformed point that America supports his point-of-view.
The vast majority of people are behind us on this issue, but they have to make their voices heard to their Senators, to their Congressmen. When they do, I believe we can come forward with an agreement which protects the middle-class and working families and is not a boondoggle for the wealthiest people.
Really? Polling data and the November election suggests otherwise oh tone deaf warrior for the far-left agenda. This is their weapon. Takers take more, makers give more. If the makers won’t give, they must be evil. If the takers don’t get more, the wealthy are being stingy. The only winners in this are the political elite whose power arises on the backs of the poor and blaming their troubles on the successful in our society. They have their weapon – a massive, ever-growing army of takers rushing headlong against the few remaining makers. 50% vs 1%, the numbers look bleak.Wake up Right! Subscribe to our Morning Briefing and get the news delivered to your inbox before breakfast!