"End Welfare for the Wealthy" Comments on Stories, posted by Kathleen Ruegsegger, a resident of the Vintage Hills Elementary School neighborhood, on Dec 1, 2011 at 11:17 am
I posted this story as a response on another topic, but thought there might be interest in vetting Senator Tom Coburn's idea separately.
"Meanwhile, direct handouts for millionaires have included $74 million in unemployment checks, $316 million in farm subsidies, $89 million for preservation of ranches and estates, $9 billion in retirement checks and $7.5 million to compensate for damages caused by emergencies to property that should have been insured. Millionaires have even borrowed $16 million in government-backed education loans to attend college since 2007."
Posted by Milo Thompson III, a resident of the Another Pleasanton neighborhood neighborhood, on Dec 1, 2011 at 11:27 am
The rich are corrupt. There's no doubt about it. But then again, the middle class job earner is a non-active, herd like animal. The poor don't have a clue. So, the rich guy says to the politician, "here's $10 Million dollars. Do what I want?" The rich guy turns to the middle-manager and says, "Here's $85,000 a year, do what I want". He's says to the poor, "here's nothing, because I have the other two people in my pocket". Everyone nods in compliance and obeys the rich guy.
Posted by Kathleen Ruegseggerh, a resident of the Vintage Hills Elementary School neighborhood, on Dec 1, 2011 at 11:47 am
Well, "Milo," no constructive comment as usual. Certainly the rich guy in your story can do those things, but where is the outrage about the politician? The middle manager is free to go elsewhere if what he is asked to do as part of his job is unethical or if he wants to work for some other "rich guy."
Do you see how you actually feel about the poor guy--"don't have a clue." Dismissive, as usual. Often, the rich do help the poor guy. In your scenario, though, it would be so he could get him to do some nefarious deed later.
I think Coburn has some good ideas. As I said elsewhere, the Democrats won't like taking farm subsidies and the Republicans will also find fault. Maybe this guy could use some OWS support.
Posted by my 2 cents, a resident of the Another Pleasanton neighborhood neighborhood, on Dec 2, 2011 at 6:13 am
The thing not mentioned is that even with tax breaks for the wealthy, they still pay a ton of money in taxes, so yes, they deserve a break, and while some reform is needed (ie, wealthy people should perhaps not qualify for social security), healthy/young people on longtime welfare and food stamps should be given a timeline to get their act together and start supporting themselves rather than relying on government assistance.
Just compute the taxes that say, Bill Gates pays, and it is a lot, so yes, I think the wealthy should get a break. They stimulate the economy and many create jobs and start companies. We should not penalize success.
Besides, what do we need so much money for? The reason we are in such bad shape financially is because we have so many unemployed people, on welfare, illegals, people retiring with 6 figure pensions and living more than expected (includes politicians), need I go on?
Posted by Joe, a resident of the Another Pleasanton neighborhood neighborhood, on Dec 2, 2011 at 7:07 am
"Just compute the taxes that say, Bill Gates pays, and it is a lot, so yes, I think the wealthy should get a break. They stimulate the economy and many create jobs and start companies. We should not penalize success. "
Posted by Kathleen Ruegsegger, a resident of the Vintage Hills Elementary School neighborhood, on Dec 2, 2011 at 7:19 am
Jobless numbers are down. It could be seasonal work, but people are working. Web Link
I think social security is a fair target; just not sure how it gets calculated. Is, say, a million enough to get by on for 20 or more years? I'd have to find the whole proposal, but the payments in unemployment are a surprise. What should a person's finances look like in that scenario? Hate to think some guy getting bounced with millions in goodbye money is also getting unemployment.
Posted by Stacey, a resident of the Amberwood/Wood Meadows neighborhood, on Dec 2, 2011 at 12:00 pm Stacey is a member (registered user) of PleasantonWeekly.com
Right, because companies willingly make extremely risky decisions like sinking money into research and development for products with absolutely no potential demand. Moreover, research and development provides jobs at the scale needed for a vibrant economy... Riiight.
Posted by Stacey, a resident of the Amberwood/Wood Meadows neighborhood, on Dec 2, 2011 at 12:02 pm Stacey is a member (registered user) of PleasantonWeekly.com
And Steve, you forgot about the kinds of products in great demand these days that are derived from the research and development funded by government, the kind of research that requires government scale to fund.
Posted by Kathleen Ruegsegger, a resident of the Vintage Hills Elementary School neighborhood, on Dec 2, 2011 at 12:22 pm
Speaking of goodbye money . . . also from the Chronicle:
"File this under the category of You've Got to Be Kidding Me.
"Former San Francisco school Superintendent Arlene Ackerman has filed for unemployment benefits in Philadelphia after receiving a nearly $1 million payout to leave the same job there, according to CBS Philly.
"She would be eligible for the maximum unemployment benefit of $573 per week, if her claim is approved.
"The Philadelphia school board paid Ackerman $905,000 to buy out the remaining three years of her five-year contract, with $405,000 coming from private donations and the rest from the district. The agreement included a clause that allowed the ousted schools' chief to file for unemployment.
"To refresh everyone's memory, Ackerman was also shown the door in San Francisco, collecting $375,000 in severance pay to clear out of her office. She then briefly sued the district, claiming she was owed $172,000 more in unused benefits, a lawsuit she eventually dropped." -Jill Tucker Web Link
Posted by steve, a resident of the Parkside neighborhood, on Dec 5, 2011 at 9:03 am
"And Steve, you forgot about the kinds of products in great demand these days that are derived from the research and development funded by government, the kind of research that requires government scale to fund."
You mean like Solyndra? Their rich owners (and Owebama contributors)
took lots of our money (inthe form of risky loans approved by our 'green' leaders') hired and subsequently fired over a thousand people. You're right, it does take govt scale to fund such boondoggles as this. Only govt can screw up this badly, but with our deep pockets who cares, right?
Ever been hired by a poor person, Stacey? Know anyone who has? So, who is doing the hiring (other than the govt welfare type jobs)on the 93% of the population that is currently empoyed??
Posted by Fin, a resident of the Heritage Oaks neighborhood, on Dec 5, 2011 at 4:45 pm
Wow! Now here's a progressive thought. Forget about imposing a fairer tax upon the wealthy. Instead, let's forbid millionaires from receiving food stamps. That'll help pay down the nat'l debt, one peanut at a time. Got warped perspective anyone?
Posted by Fin, a resident of the Heritage Oaks neighborhood, on Dec 6, 2011 at 11:10 am
There's mythical voter fraud (e.g., Acorn), and then there's this.
BALTIMORE—A Baltimore jury has convicted a political aide to former Maryland Gov. Robert Ehrlich of conspiring to suppress black voter turnout during the 2010 gubernatorial election.
Paul Schurick was found guilty Tuesday of four counts, including conspiracy to violate state election laws and attempting to influence a voter’s decision whether to go to the polls through the use of fraud.
What is the former GOP Gov Robert Ehrlich doing today? In October 2011 he was named as Chairman of Mitt Romney's Maryland campaign for the 2012 Republican nomination for President.
Posted by steve, a resident of the Parkside neighborhood, on Dec 6, 2011 at 1:30 pm
ACORN was a fraudulent govt sponsored organization that has since rebranded itself once it's activites were exposed. There's no denying this wing of the Dem party was out to sign up dead voters multiple times to bolsteer their agenda. One would argue it was difficult to discern the dead voters from the rest of the Dem voters.
Posted by steve, a resident of the Parkside neighborhood, on Dec 7, 2011 at 8:32 am
Thanks for attempting to understand my post through the misspelling. Below are just a couple of many links to ACORN's fraudulent activities. Of course, you could have looked this up yourself easily by Googling 'ACORN fraud', but people of your ilk, in denial that the left can do any wrong, are used to having things provided for you.
I can read this out loud for you sirgay, if you provide me with your phone number.
Posted by Sergei, a resident of the Siena neighborhood, on Dec 7, 2011 at 10:35 am
Yes, much ado I think about nothing. One misdemeanor, and then several insignificant charges subsequently dropped. And this what all hullaballooing about? Steve from neighborhood of Parkside becomes a misspeller my name. He calls me gay and wants my phone number to meet me. I am not gay man. Steve wants gay meeting. I am not wanting gay encounter with the Steve. I do not ask for this.
Posted by Tony, a resident of the Gatewood neighborhood, on Dec 8, 2011 at 8:09 pm
Many of us have been urging the old sot to step out of the closet for quite some time now. Guess he did it with his flirtation with 'sir Gay' and thought no one would notice. Perhaps his encounter will lead to less hating on others.
Posted by Tony, a resident of the Gatewood neighborhood, on Dec 8, 2011 at 8:17 pm
The six children of Walmart's founders, Sam and James "Bud" Walton, had the same net worth in 2007 as the entire bottom 30 percent of American earners, according to an analysis from Sylvia Allegretto, a labor economist at University of California-Berkeley's Center on Wage and Employment Dynamics.
Though the 2007 figure is striking, the gap between the Walmart heirs and the rest of the country may get even bigger -- the Walton's combined fortune has grown by more than $20 billion, according to data compiled from the Forbes 400 this year.
Allegretto compared the Waltons' net worth in 2007, according to Forbes magazine, to the Federal Reserve's 2007 Survey of Consumer Finances.
The difference between the wealth of the Walmart heirs and the rest of the country epitomizes a much larger American story. The top one percent of American earners saw their incomes grow 275 percent between 1979 and 2007, according to the Congressional Budget Office, while the bottom one-fifth experienced only 20 percent income growth during the same period.
Looking at it another way: The top 10 percent of U.S. earners control two-thirds of the country's wealth and the richest 400 Americans control as much wealth as the bottom 50 percent of Americans. The difference is so stark that the public opinion has turned against it: nearly three-quarters of respondents to a poll put out by The Hill said they think income inequality is a problem.
Posted by Tony, a resident of the Gatewood neighborhood, on Dec 9, 2011 at 12:22 am
The above commentator, after reading that 6 people possess more wealth than 30% of the nation's populace, asks about Gov Brown's increased sales tax. Yes, yes, I know our house is burning down, but what about the 1/2-penny sales tax and how it affects ME, ME, ME?
Well, it's not only about YOU YOU YOU. If voters approve Brown’s plan, individuals earning $250,000 up to $300,000 would pay an additional 1 percent income tax, bringing their tax rate to 10.3 percent. Individuals earning more than $300,000 but not over $500,000 would be taxed an additional 1.5 percent, bringing their tax rate to 10.8 percent.
And individuals earning more than $500,000 would be taxed at 11.3 percent. The income amounts double in each category for joint filers.
Of course, such a proposal pales in contrast to the bold initiative to prevent wealthy from collecting unemployment benefits. Got dumb?