Visiting the Washington Post

Dana Milbank sees a Revolutionist in Obama, and is impressed with his false analogies:

A moment later, the class warrior added: “Either we ask the wealthiest Americans to pay their fair share in taxes, or we’re going to have to ask seniors to pay more for Medicare. . . . Either we gut education and medical research, or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get. We can’t afford to do both. This is not class warfare. It’s math.”

*barfs

Whether his plan to tax the wealthy ever could — or should — become law is not really the point. Obama finally gave his side something to stand for after too much uncertainty. He also showed that he is finally learning to negotiate.

yea, whatever Dana. I thought Obama was a different politician? Hope and Change, remember?

Onward to Eugene Robinson:

“Class warfare!” scream the Republicans, in a voice usually reserved for phrases such as “Run for your lives!”

Spare us the histrionics. The GOP and its upper-crust patrons have been waging an undeclared but devastating war against middle-class, working-class and poor Americans for decades. Now they scream bloody murder at the notion that long-suffering victims might finally hit back.

Accuse the right of histrionics a sentence before you unload a bunch of your own.

President Obama’s proposal to boost taxes for the wealthy by $1.5 trillion over the next decade is a good first step toward reforming a system in which billionaire hedge-fund executives are taxed at a lower rate than are their chauffeurs and private chefs.

Eugene is a tad dense.

Why did Republicans begin squawking about class warfare even before Obama had a chance to announce his proposals? Because by calling on the rich to pay “their fair share” of taxes, the president has hit upon a clear and simple way to illustrate how unequal and unfair our society has become.

How “unfair” has it become?

The very wealthy earn much of their income through dividends and capital gains, which are taxed at 15 percent. This low rate would apply specifically to a wildly successful hedge-fund manager who made, say, $50 million last year. By contrast, an insurance company executive who made $500,000 — just 1 percent of what the hedge-fund manager took home — would pay a top marginal income tax rate of 35 percent. Even a teacher who made just $50,000 — 0.1 percent of the hedge-fund haul — would pay a top marginal rate of 25 percent.

Those eeevvvil hedge fund managers. Hedge fund managers are taxed at the same rate as investors because they are usually set up as partnerships.

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2 Comments on “Visiting the Washington Post”

  1. Steve B Says:

    or we’ve got to reform the tax code so that the most profitable corporations have to give up tax loopholes that other companies don’t get

    Now, some of us might be disposed to thinking that it is these very tax loopholes that ALLOW these corporations to be “the most profitable.” Thus suggesting that burdensome taxes on businesses kills them. Crazy talk, I know.

    I think this sentence right hare shows Obama’s true colors. His core belief in the idea that profitability is a bad thing and must be opposed at every turn. In other words, he’s both a Marxist and an idiot.

    But I repeat myself.

  2. Car in Says:

    You know, it’ funny because Obama thinks that people who did well , not only did well on the backs of others, but that they got success due to luck, or simply because the government or country somehow worked in their benefit. They need to pay now because they owe their country something more, because “the rich” now “owe” the country gratitude.

    Those who have done well, including me, should pay our fair share in taxes to contribute to this nation that made our success possible.”

    People who do well in this nation often success DESPITE this nation.

    Harry Reid:

    “Those who benefited most from the policies that created our deficit should also help solve our deficit … middle class, seniors and those who can least afford it will not bear the heaviest burden.”

    You know why these fuckers think this way? because everyone they know GOT THEIR MONEY from doing nothing. From knowing someone in Washington. From getting some lobbying job or some such.

    THey don’t know anyone that actually clawed their way into success. Those “who benefited most” are helping to solve the problem – they probably have employees, provide jobs, etc, on top of paying most of the taxes already. ga do I hate these people.

    I mean, look at Obama and Michelle. Did they work “hard” to get where they are? Did they work harder than some accountant or lawyer or nurse or anyone else that works long hours to make ends meet? Michelle got a fat salary for what And Obama got all that money for a few, thin, books that no one would have been interested in if the media had had his back since he first became a politician.


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