Palin The Wealth Spreader

[boutons_]

Palin The Wealth Spreader: Gov. Imposed Oil Windfall Profits Tax To Allow Alaskans To ‘Share In The Wealth’

"Palin explained the windfall profits tax that she imposed on the oil industry (http://seattletimes.nwsource.com/html/localnews/2008103325_alaskatax07.html) in Alaska as a mechanism for ensuring that Alaskans “share in the wealth (http://www.newyorker.com/reporting/2008/09/22/080922fa_fact_gourevitch?printable=true)” generated by oil companies:
"And Alaska—we’re set up, unlike other states in the union, where it’s collectively Alaskans own the resources. So we share in the wealth when the development of these resources occurs. … It’s to maximize benefits for Alaskans, not an individual company, not some multinational somewhere, but for Alaskans."
In fact, Alaska’s Clear and Equitable Share (http://gov.state.ak.us/aces/aces_about.php) (ACES) program, which manages the redistribution of oil wealth (http://gov.state.ak.us/aces/aces_about.php) in Alaska, brings in so much money that the state needs no income or sales tax (http://www.bankrate.com/yho/itax/edit/state/profiles/state_tax_Aka.asp). In addition, this year ACES will provide every Alaskan with a check for an estimated $3,200 (http://seattletimes.nwsource.com/html/localnews/2008103325_alaskatax07.html)."

http://thinkprogress.org/2008/10/27/palin-shares-wealth/

=====
So pitbull bitch supports confiscating windfall profits from the oilcos and communistically redistributing it to people who didn't earn it, including her 5 kids x $3200.

[ChumpDumper]

Marxist!

[byrontx]

That's really funny.

[DaDakota]

Boutons,

I found this so important I took it over to Clutchfans too, very important post IMHO....

Of course I credited you.

DD

[Anti.Hero]

So obviously the great Boutons knows Obama has fucked up by leaking his way of thinking so he tries to fight fire with fire.. :toast

[boutons_]

The Great Boutons, I like that! :lol

a-h, done your good deed for the day, now run along and GFY

[Duff McCartney]

So obviously the great Boutons knows Obama has fucked up by leaking his way of thinking so he tries to fight fire with fire.. :toast

Honestly that's a very obtuse way of looking at it. That's hypocrisy at it's finest. Not from you mind you but from the Republicans and their dumbass supporters calling him a socialist.

[TheMadHatter]

You do realize Ronald Reagan started a social program that gives families who collectively make below the poverty line free money right? Ronald Reagan is a socialist and a Marxist.

[hater]

:lol

[boutons_]

Here's McNasty, trapped by his own videos, not gifting the wealthy, and spreading some wealth himself:

"In the first, from “Meet the Press” on April 11, 2004, McCain said: “I voted against the tax cuts because of the disproportional amount that went to the wealthiest Americans.” (Does that make McCain a “socialist,” too?)


"In the second, from "Hardball" with Chris Matthews on Oct. 12, 2000, McCain said: “Here's what I, I, I really believe, that when you are--reach a certain level of comfort, there's nothing wrong with paying somewhat more.”

http://voices.washingtonpost.com/postpartisan/2008/10/why_the_tax_issue_isnt_working.html

:lol :lol McLiar and pitbull bitch are screwball fools.

[Sec24Row7]

You either don't know how alaska's state petroleum reserve checks are distributed or dont care...

[DarrinS]

So boutons_ likes moose cunt now?


By the way, no one is against taking money from a crooked AIG or Lehman Bros exec, we are against redistributing weath from honest, hard working American people.

[ChumpDumper]

Palin didn't take money from crooked AIG or Lehman Brothers executives.

And you are obviously for Obama's policies since you voted for him.

[DarrinS]

Palin didn't take money from crooked AIG or Lehman Brothers executives.

And you are obviously for Obama's policies since you voted for him.


He's will be the bethetht, smartetht president ever.

[boutons_]

"no one is against taking money from a crooked AIG or Lehman Bros exec"

but why is no one doing it?

"redistributing wealth from honest, hard working American people."

Household debt exceeds household revenue. The vast majority of households have no "wealth", have no capital (no matter if they identify themselves as "capitalists"), and many have negative or zero net worth. Their single biggest asset is their house (if they aren't renters), and that house is heavily leveraged (debt-to-equity).

When the entire fucking country, public and private, is heavily indebted, where the fuck is all the capital?

And the rabid-tax-cutting Repugs aren't even asking citizens to pay the $Ts for their bullshit wars, the Repugs are putting the war costs on the national credit card where the collection agencies are overseas.

[hitmanyr2k]

Here's McNasty, trapped by his own videos, not gifting the wealthy, and spreading some wealth himself:

"In the first, from “Meet the Press” on April 11, 2004, McCain said: “I voted against the tax cuts because of the disproportional amount that went to the wealthiest Americans.” (Does that make McCain a “socialist,” too?)


"In the second, from "Hardball" with Chris Matthews on Oct. 12, 2000, McCain said: “Here's what I, I, I really believe, that when you are--reach a certain level of comfort, there's nothing wrong with paying somewhat more.”

http://voices.washingtonpost.com/postpartisan/2008/10/why_the_tax_issue_isnt_working.html

:lol :lol McLiar and pitbull bitch are screwball fools.


McCain, before he sold out to appease his idiot base.

d8EyGpOU3qM

[AZLouis]

You do realize Ronald Reagan started a social program that gives families who collectively make below the poverty line free money right? Ronald Reagan is a socialist and a Marxist.

http://thegreenbelt.blogspot.com/200...ocialists.html


Adam Smith and Ronald Reagan, Socialists

Joe Conason writes in Truthdig:
Now let’s address the ignorance of his rant. Progressive taxation is a tradition of Western economics that dates back considerably further than Marx and the Communist manifesto, with all due respect to the wingnuts who seem to be writing McCain’s speeches. He admits that he has neglected his economic studies, so perhaps he isn’t aware that Adam Smith, revered philosopher of market capitalism, advocated tax fairness as far back as 1776, the fateful year when he published the first edition of “The Wealth of Nations.”

Although there was then no income tax, Smith’s principled judgment on the justice of higher taxes on those who could pay more, enunciated on several occasions, could not be clearer. He favored property taxes and luxury taxes because they would fall most heavily on the wealthy. He would have levied a sizable tax on all seven of the McCain homes plus an additional chop at all of Cindy McCain’s credit card binges.

In “Wealth of Nations,” Smith wrote: “The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

Few legislators are more familiar than McCain, in his maverick incarnation, with the enormous fortunes raked in by oilmen, defense contractors, bond holders and the whole host of modern capitalists under the protection of the American state. The notion that those fortunes, often gotten in a parody of the free market, should be taxed at the same rate as the earnings of a plumber would strike Smith as monumentally unjust and an attack on the moral foundations of society.

And, he points out, casting socialist aspersions on a tax refund to working families whose incomes are too low to pay income taxes is to paint a big pink stripe onto McCain’s supposed idol, Ronald Reagan. In 1986, Reagan signed legislation greatly increasing the earned income tax credit, a credit for low-income workers that reduces the impact of payroll taxes in order to boost take-home pay above poverty levels. When the credit is more than the amount of federal income taxes owed by an individual, that person receives a tax “refund.” Reagan praised the earned income tax credit as the best “anti-poverty” and “pro-family” legislation ever enacted by Congress.

In other words, there's no indication the John McCain has the faintest clue what "socialism" means. It's just a bad word he can throw at Obama in a desperate attempt to scare those people who are scared of him because he's black. (What? Why else does he call Obama's income tax rebate for the working poor "welfare"?) And let's never forget the fundamental dishonesty of saying those people "don't even pay taxes". Has McCain never heard of sales tax or property taxes or payroll taxes? Okay, maybe not the latter... but even the wealthy elite like the McCains who've never held a non-government job if they work at all still pay the other two.

And sales taxes are the worst, most punitive and regressive form of tax there is. My home state (not where I live now) has no income tax. So its sales tax is 7% which goes up to almost 10% in most jurisdictions with locas add-ons of between 1.5 and 2.75%, with the latter almost the rule. No matter who you are or how much money you make, you have to buy food and clothes and gas. And that 10% extra hits the guy making $13,624 (minimum wage full time) a helluva lot harder than the guy bringing in $250,000. So that minimum-wage worker isn't paying income tax, but "not even paying taxes"? Ha ha. So funny.

I had a student earlier this year, rather right-wing, who kept calling Hillary Clinton and Barack Obama - and Dennis Kucinich and John Edwards and Ted Kennedy - "fascists". Turns out he didn't really know what fascism was; he just wanted a label for the left... Problem is, while we got that he didn't like them, we also got that he didn't know what he was talking about. Obama may be closer to socialism than fascism, but McCain might want to reconsider sounding like a 19-year-old with more anger than knowledge. Not very presidential, that.




“The subjects of every state ought to contribute towards the support of the government, as nearly as possible, in proportion to their respective abilities; that is, in proportion to the revenue which they respectively enjoy under the protection of the state.”

- Adam Smith



"I believe in a graduated income tax on big fortunes, and in another tax which is far more easily collected and far more effective: a graduated inheritance tax increasing rapidly with the size of the estate.”

- Theodore Roosevelt




“Every dollar spent by the government must be paid for either by taxes or by more borrowing with greater debt. The only way to make more tax cuts now is to have bigger and bigger deficits and to borrow more and more money. Either we or our children will have to bear the burden of this debt. This is one kind of chicken that always comes home to roost. An unwise tax cutter, my fellow citizens, is no real friend of the taxpayer."

- Dwight D. Eisenhower




In 1986, Reagan signed legislation greatly increasing the earned income tax credit, a credit for low-income workers that reduces the impact of payroll taxes in order to boost take-home pay above poverty levels. When the credit is more than the amount of federal income taxes owed by an individual, that person receives a tax “refund.”

“It's the best anti-poverty, the best pro-family, the best job creation measure to come out of Congress.”

- Ronald Reagan