Home Mail MemberMap Chat (0) Wallpapers
Go Back   ChiefsPlanet > The Ed & Dave Lounge > D.C.

Reply
 
Thread Tools Display Modes
Old 09-20-2012, 12:11 PM  
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 
Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
The REAL Story of the 47% "Moochers"


If Americans are paying attention, and grasp the reality and not the demagoguery of what Romney said, it could be the final nail in his coffin....

Americans are not moochers

CNN.com
By Teresa Ghilarducci and Rick McGahey
updated 12:54 PM EDT, Thu September 20, 2012

http://www.cnn.com/2012/09/20/opinio...rticle_sidebar
CNN.com







Editor's note: Teresa Ghilarducci and Rick McGahey are professors of economics at the Schwartz Center for Economic Policy Analysis and The New School in New York City.

(CNN) -- Americans are not a nation of moochers and helpless dependents. Those who are not paying federal income tax would gladly do so, because it would mean they have a decent-paying job.

GOP presidential candidate Mitt Romney is right that 47% of Americans don't pay federal income tax. But he is wrong to suggest almost half of Americans pay no tax at all and feel entitled to live off government handouts.

Romney said: "There are 47% of the people who will vote for the president no matter what. All right, there are 47% who are with him, who are dependent upon government, who believe that they are victims, who believe the government has a responsibility to care for them, who believe that they are entitled to health care, to food, to housing, to you-name-it. But that's an entitlement. And the government should give it to them. And they will vote for this president no matter what. ... These are people who pay no income tax."

It's true that some Americans don't pay federal income tax. But virtually all Americans pay some form of tax, whether it's sales, payroll, state income, or property tax.

Over 60% of those who don't pay income tax are working; they pay payroll tax, which goes to support Social Security and Medicare. Another 22% of those who don't pay income tax are the elderly; most of them don't work.

In fact, only about 8% of Americans pay neither federal income tax nor payroll tax, because they are unemployed, are students, or are disabled. What is missing from all this talk about tax is the fact that although the rich pay higher taxes than the poor, middle-class people actually pay a higher percentage of their income in total taxes. True, federal income tax rates are progressive, with rates going to 35% for the top earners. But deductions and special treatment of capital gains reduce actual tax rates for the top earners. So what we end up with is upper-middle-class taxpayers paying the highest actual percentage of their income, over 31%, according to a 2010 study by the group Citizens for Tax Justice.

The payroll tax for Social Security is 12.4% (split between employer and employee). It's highly regressive, because only the first $110,100 of income is taxed. CEOs earning over $35 million per year have paid their entire annual Social Security tax bill before the end of their workday on January 2, while regular workers see this tax deducted from every check throughout the year.

Billionaire Warren Buffett points out that he pays a tax rate of only 17.8%, compared with his secretary's rate of 35.8%. Why? Because payroll taxes are capped and he gets a lower rate on his capital gains.

President Obama pushed to pass the "Buffett Rule" to help reduce this disparity, but Romney's vice-presidential running mate, Rep. Paul Ryan, opposed the rule, calling support for it "class warfare." As the Republicans use the term "class warfare," they also bring forth, pointedly, details on the wide gap in income and wealth distribution in our country.

Digging deeper into why 47% don't pay federal income tax, what we find are many former taxpayers: Twenty-two percent are the elderly, living mostly on Social Security, a benefit they got by working and paying payroll taxes. Others are unemployed or are paid close to the minimum wage, so they don't have enough income to file any taxes.

What about Romney's claim that these people believe they have a right to government assistance? Our research shows that over 50% of older people looking for work (but who are too young to collect Social Security) do not receive unemployment insurance or any other government assistance. They are living close to the poverty line with no help other than family.

Far fewer poor Americans get government assistance for low incomes. For the last 30 years, less than 4% of the U.S. population has received a full year's worth of payments, like food stamps, which are based on level of income.

Romney can choose whom he cares about, but he can't be allowed to choose his own facts and distort reality in service of divisive politics. Focusing exclusively on federal income taxes hides the fact that most Americans pay plenty of other taxes.

Finally, Romney says that the 47% can't be convinced to take "personal responsibility." Tell that to the single mother working the night shift to put her kids through school, or the 78-year-old widow living on Social Security, or the handicapped Iraqi war veteran who relies on government health care for his service to his country. Along with millions of working Americans, they are paragons of personal responsibility, not Romney's caricature of self-pitying victims seeking to live off government benefits.

Last edited by Mr. Kotter; 09-20-2012 at 12:43 PM..
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 12:34 PM   #2
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $865
Teachers are moochers.
Posts: 20,483
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-20-2012, 12:42 PM   #3
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 

Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
Quote:
Originally Posted by blaise View Post
Teachers are moochers.
Yeah, it's incredibly ironic....talk about a world turned upside-down....pedestrian public servants have become the villians in the GOP's 21st Century America, while Wall Street plutocrats who were responsible for the 2008-2009 recession are somehow above reproach.
__________________
Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel...
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 12:45 PM   #4
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $865
Quote:
Originally Posted by Mr. Kotter View Post
Yeah, it's incredibly ironic....talk about a world turned upside-down....pedestrian public servants have become the villians in the GOP's 21st Century America, while Wall Street plutocrats who were responsible for the 2008-2009 recession are somehow above reproach.
I hear you. Teachers are gay.
Posts: 20,483
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-20-2012, 12:47 PM   #5
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 

Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
Quote:
Originally Posted by blaise View Post
I hear you. Teachers are gay.
From what I've observed from you, Freud would suggest you are projecting again...NTTAWWT, of course.
__________________
Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel...
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 12:49 PM   #6
Chief Henry Chief Henry is offline
MVP
 

Join Date: Aug 2000
Location: IOWA
Casino cash: $5010
Teresa, the co author of this article is one of the elites that Iowa Senator Tom Harkin had come to DC several years ago to try to concock a plan that Harkin wants so the Gov't can take peoples 401k monies and 403B and IRA ac****s and put it under the control of the Federal Gov't. Harkin then wants to outlaw 401ks and other similar plans.

Harkin thinks the GOV'T can do a better job with your money ! Harkin can't wait to access all the funds in peoples retirement accounts.

Harkin can KISS MY lilly white ASS.
__________________
On January 3rd, 2007 the unemployment rate was 4.60% with a RECORD 52 months of JOBS growth and the GDP was 3.50%. January 3rd, 2007 is also the day Harry Reid and Nancy Pelosi took over the House and the US Senate.
Posts: 8,325
Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.Chief Henry must have mowed badgirl's lawn.
  Reply With Quote
Old 09-20-2012, 12:50 PM   #7
blaise blaise is offline
MVP
 

Join Date: Aug 2007
Location: Plano, TX
Casino cash: $865
Quote:
Originally Posted by Mr. Kotter View Post
From what I've observed from you, Freud would suggest you are projecting again...NTTAWWT, of course.
I feel flattered that you've been looking for clues that I might be gay. I'm not, but like you said, NTTAWWT, so best of luck.
Posts: 20,483
blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.blaise is obviously part of the inner Circle.
  Reply With Quote
Old 09-20-2012, 12:54 PM   #8
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 

Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
Quote:
Originally Posted by Chief Henry View Post
Teresa, the co author of this article is one of the elites that Iowa Senator Tom Harkin had come to DC several years ago to try to concock a plan that Harkin wants so the Gov't can take peoples 401k monies and 403B and IRA ac****s and put it under the control of the Federal Gov't. Harkin then wants to outlaw 401ks and other similar plans.

Harkin thinks the GOV'T can do a better job with your money ! Harkin can't wait to access all the funds in peoples retirement accounts.

Harkin can KISS MY lilly white ASS.
Given the way Wall Street, banking, and mortgage lenders raped taxpayers and the economy back in 2008, their suspicion of financial industry titans ability to manage worker retirements seems reasonable. Not saying I agree entirely with their position, but it's not an unreasonable position.
__________________
Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel...
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 12:59 PM   #9
stevieray stevieray is offline
Ring of Fire
 
stevieray's Avatar
 

Join Date: Aug 2000
Casino cash: $5000
partisian shill...you're being used, just like they want it.

as long as they can keep people pointing the finger at the other side, the collaspe will go as planned.

sign at occupy the other day...

"bring down capitalism
fight for socialism"
Posts: 36,202
stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.
  Reply With Quote
Old 09-20-2012, 01:07 PM   #10
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 

Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
Quote:
Originally Posted by stevieray View Post
partisian shill...you're being used, just like they want it.

as long as they can keep people pointing the finger at the other side, the collaspe will go as planned.

sign at occupy the other day...

"bring down capitalism
fight for socialism"
stevie,

I could say the exact same to you....

except sign at the Tea Party rally the other day....

"Obama: We came unarmed (this time)"

I'm sure as hell NOT an Occupy guy; are you a tea party guy?
__________________
Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel...
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 01:26 PM   #11
stevieray stevieray is offline
Ring of Fire
 
stevieray's Avatar
 

Join Date: Aug 2000
Casino cash: $5000
Quote:
Originally Posted by Mr. Kotter View Post
stevie,

I could say the exact same to you....

except sign at the Tea Party rally the other day....

"Obama: We came unarmed (this time)"

I'm sure as hell NOT an Occupy guy; are you a tea party guy?
dude, I've been saying for years this is genrational, not party

the right to bear arms shall not be infringed..why do you think that is there?

...to fight for socialism? don't be naive.
Posts: 36,202
stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.stevieray is obviously part of the inner Circle.
  Reply With Quote
Old 09-20-2012, 01:46 PM   #12
Mr. Kotter Mr. Kotter is offline
Lookin' for the answers...
 
Mr. Kotter's Avatar
 

Join Date: Apr 2001
Location: Somewhere else
Casino cash: $694
Quote:
Originally Posted by stevieray View Post
dude, I've been saying for years this is genrational, not party

the right to bear arms shall not be infringed..why do you think that is there?

...to fight for socialism? don't be naive.
Yeah, many misguided Americans from our grandparent's generation thought the country was going to hell in a hand-basket in the 60s and 70s too; it didn't. The generation of sex-drugs-and-rock-and-roll grew up and got smarter too--just like always. Change is frightening to some people--but it's the one constant in life. Retreating to butter, guns, and the Bible makes you feel better, but it doesn't solve real world problems.

The right to bear arms is one thing; a veiled assasination threat, another.

Most importantly though, there is a big difference between a prosperous republic that ensures the general welfare of society through a safety net....and that boogie-man of Socialism that the far-right keep trotting out. Too bad so many WANT to believe the lies of the right... listening to the voices of cynical and self-serving sychophants of the plutocracy that has emerged in the last 15 years in this country.

If "Dittoheads" and "true Americans" want to see naive, they need to look in the mirror.
__________________
Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel, Alex Smith will be better than Geno or Cassel...
Posts: 40,003
Mr. Kotter has disabled reputation
  Reply With Quote
Old 09-20-2012, 01:59 PM   #13
BIG_DADDY BIG_DADDY is offline
THE RED MENACE
 
BIG_DADDY's Avatar
 

Join Date: Aug 2000
Location: San Mateo, CA 94401
Casino cash: $5470
Everyone knows a boat load of moochers living off the system but they don't really exist because CNN says so. Great post Kotter.
__________________
Posts: 29,661
BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.BIG_DADDY is blessed with 50/50 Hindsight.
  Reply With Quote
Old 09-20-2012, 02:04 PM   #14
Taco John Taco John is offline
12on Paul
 
Taco John's Avatar
 

Join Date: Jun 2001
Casino cash: $5910
From Clinton, to Bush, to Obama...

Which way will the wind blow tomorrow...
__________________
Ehyeh asher ehyeh.
Posts: 50,865
Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.Taco John is blessed with 50/50 Hindsight.
  Reply With Quote
Old 09-20-2012, 02:13 PM   #15
The_Grand_Illusion The_Grand_Illusion is offline
Veteran
 
The_Grand_Illusion's Avatar
 

Join Date: Aug 2000
Location: Ad Astra Per Aspera
Casino cash: $5000
Quote:
Originally Posted by BIG_DADDY View Post
Everyone knows a boat load of moochers living off the system but they don't really exist because CNN says so. Great post Kotter.
This is why what Romney said hits liberals/progressives so hard. It points out their failures of the last 50 or so years. What they call “safety net” has turned in to government dependence, laziness, and unproductively to the point of being 16 trillion dollars in debt for their all-things government mentality. What they believe has failed miserably and their whole culture is in denial about it. If the failure of being 16 trillion dollars in debt for the government to be the end all, doesn't get them to realize their failures, nothing will until they completely destroy this country.

TGI
Posts: 1,489
The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.The_Grand_Illusion would the whole thing.
  Reply With Quote
Reply

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is On

Forum Jump




All times are GMT -6. The time now is 06:13 AM.


Powered by vBulletin® Version 3.8.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.