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Lawrence O`Donnell Rewrites Wall Street Protests

He takes on the `troublemakers.`

submitted by: madest
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Lawrence O`Donnell Rewrites Wall Street Protests. He takes on the `troublemakers.`
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Hits: 10091 | Favorites: 2 | Emailed: 1 | Rating: 3.1 | Category: News & Politics | Date: 09/27/2011
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Male, 40-49, Eastern US
 224 Posts
Thursday, September 29, 2011 2:17:57 PM
@Gerry: I did read carefully.

Cajun247: "50% of households don't pay taxes." (edit: with no "income" qualifier, wrong)

Madest responded: "The actual number of Americans who don’t pay any taxes isn’t half, but 14%...to say 50% pay no taxes is flat out wrong." (edit: This is correct. Again, talking about ALL taxes, not JUST income taxes.)

Gerry: "@madest - incorrect. 47% don`t pay income tax according to USAToday article"

...and you`re telling me to read carefully? Let me illustrate:

On the other hand, I`m sorry if you thought I was referring to you about wanting to tax the poor. That was for Crakr (who thinks returning to Reagan-era tax rates is just like communism) and sethmccary (who doesn`t know what socialism means)

Male, 50-59, Western US
 34273 Posts
Thursday, September 29, 2011 1:42:29 PM

@ madest - it wasn't `nonsense` when I was agreeing with you.

Male, 40-49, Eastern US
 6465 Posts
Thursday, September 29, 2011 11:57:09 AM
Gerry, I appreciate your attempt to correct me but "income" taxes wasn't what he or I was talking about. Please, don`t force me to delete your nonsense.

Male, 50-59, Western US
 34273 Posts
Thursday, September 29, 2011 11:55:00 AM

@ MichaelBored ~ A couple of things.

Yes I did read the article. I posted it to dispell madest's claim that only 14% didn`t pay taxes.

I am not in favor of taxing the poor. I never said I was. When republicans say "broaden the tax base" they mean taxing the 47% who are poor. I`m not in favor of that. I don`t know where you thought you read that I do want to taxt them, but read more carefully.

I am in favor of taxing the rich exactly the same as the middle class. Not more-not less.

Male, 40-49, Eastern US
 224 Posts
Thursday, September 29, 2011 11:17:45 AM
@Gerry1of1: C'mon, man...Income taxes are not the only taxes paid. Did you not read the article you linked to?

"Most still pay Social Security taxes, Medicare taxes, sales taxes and property taxes (if they own any property)." Not to mention local and state taxes as well.

So yeah, everybody DOES have "skin in the game," it`s just that poor people have a lot less skin to put in.

And while the income tax is progressive, every other tax that those same people do pay is regressive. Not to mention, the reason we don`t tax that people that poor is that THEY`RE POOR. They barely have enough money to keep them above the @#$%&! POVERTY level - and in many cases don`t even make that much.

But here we are, richest nation on the globe, with the top marginal tax rate the lowest its been in decades, and we`re complaining that the poor aren`t squeezed hard enough.

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