Tag Archive | "The Rich"

Pity The Hedge Fund Guy Who Needs Better Digs

For your digestion, or indigestion, another chapter in the astonishing chutzpah and greed. When the rich don’t have enough room or covet something else, they just buy another property for a nice cool $60 million — and, then, they whine about taxes being too high.

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White Flag of Surrender on Taxes–By Democrats

This is not another analysis or observation focusing on the strategy and tactics that led to the deal just made on taxes. I was bored by the whole debate weeks ago because, frankly, it missed a much more central fact: the Democratic Party long ago gave up the fight over having a sensible tax rate for the richest people.

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Facts And Figures

Facts and figures are useful when you try to get through the smokescreen of political spin. Here are facts about the tax deal — a bad one, in my view.

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A Chart Says It All

You want a visual of what the phony fight about the fiscal “crisis” really is about? Here you go.

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Just When The Rich Trembled, Nothing To Fear?

I’m not sure if this is true — I treat anything written in The New York Times on economics with a grain of salt. But, it’s worth considering that the rich have nothing to fear but that’s not a surprise.

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The Phony Debate Over The “Buffett Rule”

   If I was a "one percenter", I’d love the debate under way in the U.S. right now. What’s not to love? You whine and cry about the "Buffett Rule", how unfair it is and hurts the "job creators", and, then, laugh all the way to the bank as you barely can see where the […]

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Cuomo’s 2016 Path to the White House: Kill The Middle Class

   If you are one who is already bored by the 2012 elections and the rhetorical, mind-numbing repetition, here’s a little taste of what you can expect all the way into the distant future of 2016. The poodle-for-the-rich governor of New York has determined that his path to the White House in 2016–and, despite the […]

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Rejoice! Catfood Commission Dead, Media-Politicians Fail–Can We Talk About Jobs Now?

    You may join me in the celebration of failure–a celebration I have been urging we look forward to for a very long time. Do not listen to the hand-wringing and whining about the implosion of the Catfood Commission II. This is a great thing. It is fabulous.    BUT…    Let us also pause, […]

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Letting the Rich Escape

   If this is true, Obama is done: The parties are looking for ways to include smaller tax increases than Democrats had previously sought but more than Republicans want. In addition, Democrats last week proposed keeping upper-income tax rates at 35%, the level set in the Bush-era tax cuts.    And it’s absurd at the […]

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We’ve Been Robbed: CBO Makes It Official

   Well, we didn’t really have to wait for the Congressional Budget Office to tell us this: the rich got richer. But, the timing is good, what with Rick Perry trying his snake oil salesman pitch for a flat tax, which would make the robbery grow, and the continued growth of the Occupy The Country […]

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GulfStream, Chef, 90,000 Sq Ft Home Gone: Shed Tears For The Rich

   Jacqueline Siegel is the target audience Republicans–and too many Democrats–fear will be the awful victims of higher taxes on the wealthiest one percent. Join me as we shed tears together for the woes of the Siegels.  The ballroom: Jacqueline Siegel paces the floor of her unfinished 7,200-square-foot ballroom. The former beauty queen, with platinum-blond […]

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The Rich Control 38 Percent of WORLD’S Wealth. Time To #OccupyTheWorld

    You want a reason for the uprisings in Greece, where workers are on strike to protest the brutal austerity measures, or OccupyWallStreet or the revolutions in Egypt and Tunisia fanned by the deep unemployment? Or are you looking for a reason people don’t believe the economy is getting better even when "growth" seems to […]

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Financial Times: “Top dogs take bigger slice of spoils”

    It’s a head-scratcher–to some. Wealth has been created globally but, somehow, a suffocating blanket of austerity is embracing the world. But it would be no surprise to the people in the streets in Greece or to the millions of people here who cannot find work to read the headline in the left-wing, socialist rag…Financial […]

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Financial Times: Majority of World Will Face “Years Of Stagnant Wages”

    There is a pretty damning article in today’s Financial Times, probably the planet’s leading English language business daily. The upshot: unless we spark a major revolution, the majority of the world people are truly screwed. Here is the lead paragraph: Nearly three years after the start of the economic crisis, a new spectre is […]

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Rich Peoples’ Wealth Growing In Global Crisis: Let Them Eat Cake!

     A crisis is a great time for the richest in the world. When you have a lot of money, it’s a buy, buy, buy atmosphere where you can make even more money from distressed assets or countries like Greece, who are forced by the financial mandarins into a "fire sale" of national assets to […]

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Mr. President, When You Dine With Wall Street, Bring The Handcuffs

    It is a sad story to read, and a sad but powerful comment on who runs America. Rather than come to dinner with subpoenas and maybe even a few warrants for the arrest of the people who helped engineer the economic crisis we are still digging out of, the president is groveling–for campaign cash […]

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