Barney Frank Tax & Spend REDISTRIBUTIONIST!

About: youtube - barney frank: plenty of rich people that we can tax

CONGRESS: "Let's all spend other people's wealth"
 

Going... going ... gone!
How low will the ceiling on those who are rich & don't get a tax cut go?
source: ... Richardson Pegs Middle Class as Those Making Under $120,000
For the second time in a week, a prominent Democrat has downgraded Barack Obama's definition of the middle class.
...

Tags

  1. socialism
  2. wealth distribution

Comments


Mark de LA says

This is who pays the taxes now!



Mark de LA says

Duh! Who gets the benefits of the taxes?
See this product from the taxfoundation.
source: ... Working Paper No. 1 
Abstract
While the U.S. tax system is progressive, the distribution of government spending makes the overall fiscal system more progressive than is apparent from tax distributions alone. Using a microdata model we estimate the distribution of federal, state and local taxes and spending between 1991 and 2004. We find households in the lowest quintile of income received roughly $8.21 in federal, state and local government spending for every dollar of taxes paid in 2004, while households in the middle quintile received $1.30, and households in the top quintile received $0.41. Overall, tax payments exceeded government spending received for the top two quintiles of income, resulting in a net fiscal transfer of between $1.031 trillion and $1.527 trillion between quintiles. Both taxes and spending appear to have large distributional effects on households, and these effects have grown since 1991. The results suggest tax distributions alone are an inadequate measure of progressivity, and policymakers should examine both tax and spending distributions when judging the overall fairness of policy toward income groups.

...


Mark de LA says
In the haste to sock it to the rich the best solution is overlooked.  It's not popular because of class warfare demographics. However, many different versions exist.  Here is the Wikipedia's take on what it means.
If I had to explain what it means in fewer words, it is designed such that the tax burden of supporting the functions of government is divided equally amongst the citizens covered by that government.  It would have a floor to protect those who are in extreme poverty or who cannot work or earn. It would also eliminate the vast set of political loopholes for everyone.
 
I like the idea because it enfranchises everyone to have a vested interest in how the government spends your money.  If you got a bill each month for your share of the cost of all governments (or just the Federal level) you would scream holy hell when Congress spends money for pork & ineffective social experiments just to get re-elected.  In effect, it would tie a string from your big toe to your representatives in Congress (where all spending must be authorized) & you could yank it hard when you are displeased. 
It would end the taxation without representation that is increasing as we speak! In case you don't remember, such was a large part of the cause of the Revolutionary War that created the USA in the first place.


Mark de LA says
seth 2008-10-23 02:32:13 10682
M 2008-10-22 23:20:53 10682
seth 2008-10-22 18:04:07 10682
Here is the actual Bush/McCain wealth redistribution ...




All Obama wants to do is to roll that back to the way it was in the roaring Clinton era.

(More abrasive comments deferred, subject to fact check)

Your source is suspect since there is no "actual" plan anywhere. Candidates even yours blow it out their ass as to the promises they are making & the harm their opponents are going to cause with theirs. You are using a blog as source.

Nope, you have misinterperted this.  This is looking backward to the Bush tax cuts: During the First Four Years of the Bush Recovery.
So where is the source data besides a blog????????????????????????????????
 - besides those who pay the most taxes naturally get more of a tax cut otherwise it's distributionism.

Mark de LA says


Mark de LA says
seth 2008-10-23 09:55:30 10682
source: M asks
So where is the source data besides a blog?

Thanks, now I know where the point of view comes from:

  • Leftist think tank run by Hillary Clinton and former Clinton chief of staff John Podesta
  • Helped launch Media Matters for America
  • source: ... Robert Dreyfuss reports in the March 1, 2004 edition of The Nation: "The idea for the Center began with discussions in 2002 between [Morton] Halperin and George Soros, the billionaire investor. … Halperin, who heads the office of Soros' Open Society Institute, brought [former Clinton chief of staff John] Podesta into the discussion, and beginning in late 2002 Halperin and Podesta circulated a series of papers to funders."
    ... the probability that any truth issues from this degenerate copulation = zero!


    Mark de LA says
    seth 2008-10-23 10:52:18 10682
    M 2008-10-23 10:41:20 10682
    seth 2008-10-23 09:55:30 10682
    source: M asks
    So where is the source data besides a blog?

    Thanks, now I know where the point of view comes from:

  • Leftist think tank run by Hillary Clinton and former Clinton chief of staff John Podesta
  • Helped launch Media Matters for America
    source: ... Robert Dreyfuss reports in the March 1, 2004 edition of The Nation: "The idea for the Center began with discussions in 2002 between [Morton] Halperin and George Soros, the billionaire investor. … Halperin, who heads the office of Soros' Open Society Institute, brought [former Clinton chief of staff John] Podesta into the discussion, and beginning in late 2002 Halperin and Podesta circulated a series of papers to funders."
    ... the probability that any truth issues from this degenerate copulation = zero!

    These are fairly extensional facts which can, should you want to persue them, be verified. 
    Maybe, maybe not - the point of view is not worth my time to pursue. In any event, I have already answered by saying that those who actually pay taxes are likely to get more back just as a percentage of the actual taxes they pay.  Obama, OTOH, wants to give tax rebates to people who do not pay income taxes at all (or rob SS for the other taxes).

  • These are fairly extensional facts which can, should you want to persue them, be verified. 
    Maybe, maybe not - the point of view is not worth my time to pursue. In any event, I have already answered by saying that those who actually pay taxes are likely to get more back just as a percentage of the actual taxes they pay.  Obama, OTOH, wants to give tax rebates to people who do not pay income taxes at all (or rob SS for the other taxes).


    Mark de LA says
    seth 2008-10-26 23:54:28 10682
    It would be far better if you published the entire transcript of the original interview.  Let his words, totally in context, speak for themselves.  Also include the context of why he gave that interview and the agenda of the interviewer and the person who called in.   I fucking hate Mat Drudge's dredged up sound bytes.   I'm amazed that you still don't seem to appreciate context.  Or do you? 
    Drudge didn't make the YouTube audio/video. Given your coarse language I think you should put your over worked jerky knee to

    Mark de LA says
    M 2008-10-26 23:20:17 10682
    See also 10724 - the Obama audio/video on YouTube from 2001 on redistribution.

    source: ... Barack Obama on Chicago Public Radio WBEZ-FM, 2001: One of the tragedies of the civil rights movement was, um, because the civil rights movement became so court focused I think there was a tendency to lose track of the political and community organizing and activities on the ground that are able to put together the actual coalition of powers through which you bring about redistributive change... MORE...
    ... QED


    Mark de LA says
    source: ...A new video advertisement released by the Obama campaign says the candidate's promised tax cuts are for citizens making less than $200,000 a year, not the widely reported figure of $250,000.

    Adding to the confusion, Obama's running mate, Joe Biden, said in an interview yesterday the cuts are for even fewer people, limited to incomes of $150,000 or less.


    ...I guess if you are going to redistribute it then you have to dig deeper to find more of it now!
     (still don't know whether that's gross or net)


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