Our sympathies to the very wealthy...

[kentuck]

Our sympathies go out to those who will have to pay higher taxes, or perhaps lose their business, but many working people have lost everything they have, also. They were forced to spend all their retirement. And they have no commercial property to sell. They will not have the opportunity to pay capital gains. They gambled and lost in the Bush/Republican economy.

Entrepreneurs are not the only ones that gamble with their investment. Many workers gamble with their lives, hoping they don't get sick and are unable to provide for their families. Just because their investment is different from that of the owner does not mean it is not just as valuable or moreso.

The wealthy are not the only people that invest in this economy. It's just that they invest money and the workers invest their lives. It's gets to be rather tedious listening about these brave entrepreneurs taking a gamble by starting a new business, etc, etc. We all take gambles. We all have investments in the business.

[metapunditedgy]

1. The difference is, the very wealthy are much smarter and work much harder.

Why do you want to penalize smart, hard-working people?

:sarcasm:

[WinkyDink]

4. They're just BETTER.

[piratefish08]

10. most are simply better at entering the world through a wealthy birth canal.

[metapunditedgy]

12. Most of the rest are just better at committing large-scale crimes, and getting away

with it. The "self-made" route to wealth. Transparency is very harmful to these folks.

[Anakin Skywalker]

2. The Truth Is That the Very Wealthy

are born into it! Propagandists and revisionists such as Rush Limpball and the whole cast of Faux News try to fool the working class by saying that if you keep working hard you too can "succeed". It's a bald-faced lie!

[CountAllVotes]

16. very true

the very rich people I know were born into it. I'm not sure they have more going for themselves than other folks do; just plenty of money.

Same old story I guess. It never changes either and it likely never will.

[CountAllVotes]

3. oddly I know of someone that falls into this category

it is someone I used to work with. She married a doctor and she herself graduated from Amherst.

They have one son that is now 21 years old. He had to wait a whole 2 weeks to get his IPad and he drives around in a new Prius. He was offered his first job recently and turned it down as even though he found it amusing, it wasn't exactly what he had in mind career wise (must be nice huh?). I'll tell you, the "haves" take care of one another and they will never cease to exist and have power and control obviously.

The parents own three homes; one on the east coast and two on the west coast. One is worth about $3 million, the other is worth about $2.5 million and the third one is worth about $2 million.

I never hear from this people as I don't fit in with their class of acquaintances.

I suppose their taxes will go up but they can easily afford it.

I have no sympathy for these "haves". They've had it all their entire lives and perhaps they might remember life before the Bush tax cuts for the wealthy came in with Bush.

This is but one example of people that fit into this category that will be affected by the reinstated tax code pre-Bush. These tax cuts should have been suspended/revoked the day after Pres. Obama took office IMO given the tragic state of the economy.

:nopity: :nopity: :nopity:

:kick: & recommend.

[pnwmom]

8. You know a lot about these people considering you never hear from them.

You're not hearing it from their acquaintances, either. Where are you getting all your info then?

[CountAllVotes]

13. I've known them for over 25 years

they live not far from where I once lived and I still know a lot of people from there, including them.

I know they must be very rich. They had several houses for awhile and I guess they sold those finally.

:shrug:

[mmonk]

5. It's an income tax. It's based on them making money, not losing money.

[Vinca]

6. It's all very sad. The idea some fat cat might have to remodel

the cabin of his private jet without using gold plumbing fixtures is heartbreaking.

[pnwmom]

7. I've got no problem with the top rate going back up on income.

But I think returning to an estate tax rate of 55% on estates over $1 million is too steep. In some cities, just having a median price house and an IRA will put you at that level. People with estates of a million dollars are wealthy -- but not "very wealthy."

[Doeed]

9. Kentuck, you seem happy some may lose their businesses?

Guess what goes when their business goes under. The jobs of the hard working people you claim to care about.

The guy that owns the company I work for, is Forbes 400 rich. He loses it, and I'm on the street. In 60 days, I would LITERALLY be on the street.

The company (our district) already has had massive cutbacks. We have went from 12 route drivers down to 5. We have went from 6 warehouse personel down to 2. I am 2 people away from unemployment.

[niceypoo]

14. Corporations are blood sucking leaches in this country

Good riddance to them

[Crystal Clarity]

17. Sounds as if the Bush tax cuts

which have been effect since 2002 didn't do your employer's company very much good if the situation is as dire as you say; with all those layoffs. So we might as well do way with them. :-)

:nopity: <<<<<<<<< for your Forbes 400 employer

[Doeed]

18. Right

To Hell with the 100,000+ people in the United States and Canada who would lose their jobs (me being one of them).

[kentuck]

19. There is not a large company in America laying off because of taxcuts..

Maybe the demand for your product is not there? Most Fortune 500 companies have had record productivity and record profits. Still they laid people off. They did not invest their huge taxcuts in labor or machinery. Unless it was abroad, of course.

I also work for a Fartune 500 company also. They have made record profits but they have laid people off because of lack of demand for their products and have not given any raises for over two years now. Just a couple of months ago, they went and paid $95 million in cash for 9 other small companies that make a similar product. Now they almost have a monopoly. How do you explain that?

[Crystal Clarity]

21. You said that "the GUY that owns the company" you work for is

Forbes 400 rich. If that is the case, it means that he personally is worth no less then $1.3 Billion and likely much more. And on top of that he's currently benefitting from the Bush tax cuts. Yet he's still laying people off. Sounds as if this guy is earning far more then he's worth. If he cared so much about you, your laid off collegues and his own damn company why hasn't he invested some of his own personal fortune into it?

The Forbes 400 or 400 Richest Americans (first published in 1982) is a list published by Forbes Magazine magazine of the wealthiest 400 Americans, ranked by net worth. The list is published annually in September. In 2007, the combined wealth of the 400 was $1.54 trillion, and all of the members of the list were billionaires. The minimum to make the list in 2007 was $1.3 billion.
http://en.wikipedia.org/wiki/Forbes_400

[Raster]

22. El Toro Poopoo!

[JVS]

11. No sympathy from me.

:nopity:

[proud2BlibKansan]

15. But the wealthy are the ones who create the JOBS!!

You know, all those jobs just sitting there waiting for applicants!!

:sarcasm:

[Tierra_y_Libertad]

20. But, the downtrodden rich spend lots of money that provides jobs for whiny poor.

Who aren't even grateful for the generosity of the rich who buy the yachts and golden bathtubs.

Ah, well, those poor people are too stupid and lazy to select rich parents, go to Harvard Business School, or buy yachts of their own.

[earth mom]

23. Sorry but your post is too damn nice and too damn polite.

Fuck those fucking rich bastards who have stole every gawd damn thing that isn't nailed down in this country and are now coming for OUR Social Security!

OURS-NOT THEIRS!!!!

FUCK THEM!!! FUCK THEM!!! :grr: :mad: :grr:

[HillbillyBob]

24. I am in agreement with you

I used to work for a specialty design firm that created silk trees and flower arrangements..and overheard how the rich speak of any lesser beings..

Frankly a lot of them or most of them have no heart or caring in them, that is unless you are rich and the paparazzi are bothering them or some other minor setback. They are selfish and heartless and greedy and those are the 'nice' ones.