Poll after poll says that most Americans want to raise taxes on the rich. In one recent survey, more than two-thirds of respondents — and even a majority of Republicans! — favored higher taxes on households making more than $250,000 per year. Why are people who want to be elected president proposing the exact opposite of what the people want?
The most charitable answer is that they think lower taxes are good for the country. Reducing taxes on the rich would make them work harder, save more, and promote economic growth. This is the theory George H.W. Bush once called “voodoo economics,” and 30 years later, it’s still voodoo.
Bank Of America Backlash of the Day: Score 1 for the 99: Backlash from consumers has forced Bank of America to ditch its plan to charge a $5 monthly fee on debit card usage.
“We have listened to our customers very closely over the last few weeks,” said Bank of America Co-Chief Operating Officer David Darnell, “and recognize their concern with our proposed debit usage fee.”
BoA’s shares dropped 6 percent in the wake of the announcement. Several banks recently decided to scrap similar test programs, while others canceled existing fees.
“It’s a sign of consumer power in action,” Norma Garcia of Consumers Union was quoted as saying. “This is a sign of the marketplace working.”
WHEN THEY SAY ‘MINIMUM SECURITY PRISON’ THEY ARE NOT JOKING.
WHITE COLLAR CRIME IS THE BEST.
I STILL CAN’T BELIEVE WE WENT TO JAIL AT ALL.
I KNOW, I THOUGHT OUR WHOLE THING WAS THAT WE COULD JUST TANK THE ECONOMY AND LAY OFF A COUPLE MILLION PEOPLE AND THEN JUST COLLECT OUR BONUSES AND GO TO CABO. ISN’T THAT HOW IT WORKS NOW?
WELL, YEAH, BUT TECHNICALLY WE FILED AS AN LLC NOT A PROPER CORPORATION SO SO WE CAN’T BLAME EVERYTHING ON A FAKE ‘PERSON’ AND BUY A NEW JET.
DAMN. WELL, AT LEAST WE WEREN’T SELLING MARIJUANA TO PAY RENT OR SOMETHING.
HA HA HA! I KNOW! WE’D BE IN JAIL FOR YEARS! REAL JAIL!
WHAT’S FOR LUNCH TODAY ANYWAY?
LOBSTER, I THINK.
AGAIN? JESUS. I’M GOING TO HAVE TO HIT THE ELLIPTICALS ALL AFTERNOON TO WORK OFF THAT BUTTER.
We’re going to close the unproductive tax loopholes that have allowed some of the truly wealthy to avoid paying their fair share.
Rather than making them – or talking about putting up a fence, why don’t we work out some recognition of our mutual problems, make it possible for them to come here legally with a work permit and then while they’re working and earning here, they pay taxes here. And when they want to go back, they go back. And they can cross – and open the border both ways by understanding their problems.
You’re allowed to believe in a god. You’re allowed to believe unicorns live in your shoes for all I care. But the day you start telling me how to wear my shoes so I don’t upset the unicorns, I have a problem with you. The day you start involving the unicorns in making decisions for this country… I have a BIG problem with you.