search results matching tag: super rich

» channel: motorsports

go advanced with your query
Search took 0.001 seconds

    Videos (20)     Sift Talk (3)     Blogs (1)     Comments (128)   

Farhad2000 (Member Profile)

Charlie Brooker's Screenwipe - Sweet 16

Scientology and the problem of religious tolerance. (History Talk Post)

joedirt says...

"In many ways, the movement against scientology is the same type of beast as a religious cult, with the vegetoid masses signing up to feel part of something noble and larger than life."

"I hold the same disgust toward scientology as I do toward judeo-christianity, which has delivered us the most violent century in ALL of human history, the 20th."

"So who do we blame for all of this? Well let's start with all of those organisations preaching religious tolerance. ... Think about if *your* religion would survive"
Yes, everyone is to blame. Everyone should die and join a suicide pact. Ok, I get it.

How about a pragmatic take on the recent Scientology events? Scientology much like MPAA and RIAA abuses copyright laws to bully people on the internet and sue and very litigious over clearly fair use. Therefore people are pissed off, especially culture warriors and the internets meme generators.

How about the fact that Scientology is a financial scam which pretends to be a "faith" in order for tax-free status and the exemption of "donations" for course fees. Forget the financial milking of their followers, it serves them right, but what about the tax-scam?

Who was the only group to infiltrate the US gov't including the IRS and DOJ? Was it Russia? Was it islamo-fascists? Nope, it was Scienologists and 11 of them (including Hubbard's wife) were convicted and sent to federal prison.

Scientology as acquired a massive portfolio of real estate all because of the tax shelters and loophole provided to them as a "Church" and "religion". How did they achieve such status? Seriously ask yourself that and do some research. Could YOU write a sci-fi slash religious text and get a group of 20 of your followers tax-free church status?

Also, why is it that a Jewish family that send their kids to a private school or religious camp cannot deduct those expenses, whereas scientologist can claim ALL of their course work, in the $100,000 in some cases, as donations? Why are these super rich Hollywood types allowed to pump all of this money tax free into this corporation.

If you still fail to see Scientology as a corporation, then ask yourself this, (aside from CBN) how many other religions have infomercials, amazon book stores, and also re-release all of their books and CDs every four years like it is a Star Wars franchise?

Does the Catholic church sell newly remastered and digitally restored DVDs? Seriously?

A Short Course on Brain Surgery

qualm says...

What you call social engineering, when viewed from the other side of the wealth-equation, many would call social justice.

Here's an interesting read from Forbes on the subject of taxation which presents a picture quite different from that which you've offered.

http://www.forbes.com/ceonetwork/2004/02/12/0212chat_transcript.html

CEO Network Chat
Q&A: David Cay Johnston
02.12.04, 4:11 PM ET

"What follows is the transcript of a Feb. 11 online chat on the Forbes.com CEO Network with New York Times reporter David Cay Johnston, author of Perfectly Legal: The Covert Campaign to Rig Our Tax System to Benefit the Super Rich--and Cheat Everybody Else (Portfolio, $25.95). The chat was moderated by Mark Lewis of Forbes.com.

Mark Lewis: Welcome, everyone. Let's get started. David, you begin your book with the statement, "I believe that taxes are at the core of our democracy." What do you mean?

David Cay Johnston: All governments have taxes. And governments that lose their tax systems cease to exist. Taxes are the means by which we decide how we're going to finance maintaining our democracy--who pays how much, how the burdens are distributed.

What's wrong with our current tax system?

Most Americans believe what turns out to be a myth--that we heavily tax the highest-income Americans to subsidize the poor. What the government's data show is that the middle class and upper middle class--people making $30,000 to $500,000 per year--are subsidizing the highest-income taxpayers. Tax rates on the middle and upper middle classes are rising, the government's data show, but for the people who make millions per year, effective tax rates are falling dramatically.

Secondly, law enforcement has collapsed. I name two billionaires who've testified under oath that for 30 years they never filed a tax return while running a business in New York. Nothing has happened to them, or to most of the many other people I name in my book who admit or even brag about not paying taxes.

How did things get this way?

Most Americans, if they ever meet a senator or congressman, shake their hand in the mall at election time. Important donors, about one in 850 Americans, get to sit down with their congressman and explain in detail their grievances. Every politician will tell you, you cannot buy their vote. All you can buy is access. Well, access has bought the attention of Congress, so that members are focused on the needs and welfare of their donors, not their typical constituents.

Proof? Two days after 9/11, the first tax bill introduced in Congress was estate tax relief for the victims, which did absolutely nothing for the firefighters, police officers, secretaries and volunteers who died. It wasn't a guaranteed college education for the orphans of 9/11. It was tax relief for the very narrow group, probably less than 2% of those who died, who would owe estate taxes.

How would you change the tax system?

I don't know, but you do. By "you" I mean that all of us, if we understand the reality of how our current tax system works and the principles of taxation, can come up with a better system, one that encourages strivers and rewards those who play by the rules instead of focusing its benefits on those who are already stunningly rich.

You direct numerous barbs at the "super-rich," whom we at Forbes like to celebrate as wealth-creators. Do you think the tax system should be designed to prevent the amassing of great fortunes?

The tax system should be encouraging prosperity and wealth, and making sure those are as widespread as possible. But what the government's data show is that we are taxing away the ability of the middle class to save, and damaging their prosperity. And by radically lowering the effective tax rates of the highest-income Americans, we are concentrating wealth and income very, very, very narrowly.

In 1970, the top 1/100th of 1% of Americans had about 1% of the income. And the bottom third of Americans had more than 10% of the income. Now, they're equal. Just 27,000 people have as much income as the bottom 96 million Americans, who in real terms have less income today than in 1970. And the number of people it takes today to account for 1% of all income? In 1970 it was more than 20,000 people. Today it's less than 400.

How high would the top rate be in your tax system?

Again, I don't know. What we do know is that relatively lower marginal rates reduce tax cheating, but for them to work, we have to broaden the tax base. We only tax about half of income each year. So if we tax all income, clearly we could significantly lower rates on everyone.

What do you think Congress should do about the Alternative Minimum Tax?

The taxpayer advocate at the IRS recommends repeal. The problem is, some really good tax lawyers say that would create new loopholes. Some other ways to address this are to set a high-income threshold for the tax to apply, say $500,000 per year and up, and eliminate, in the AMT calculations, the ordinary deductions and exemptions people take for themselves, their spouses, their children, their state and local income and property taxes, and the standard deductions. Otherwise, in 2013 about 43 million households will be on the AMT.

In this morning's New York Times you write about a gentleman named Irwin Schiff, who asserts that the federal income tax is illegal and does not have to be paid. Schiff clearly is an extreme case, but how deeply do Americans in general resent the current tax system? Can that resentment be harnessed to support the reforms you advocate?

The number of people who believe that the United States government is a criminal organization that illegally extracts income taxes and imprisons those who challenge it with no legal cause is a lot bigger than I ever imagined. There are at least 7,500 business owners who don't withhold taxes and turn them over, according to the General Accounting Office--and those are just the ones the government knows about. There are people all over the country who grit their teeth and pay their taxes but subscribe to this dangerous and nutty idea that the federal government is a criminal organization. That's a sign of how oppressive the tax system has become on the bottom third of Americans whose incomes in real terms have been falling for years, while they're being squeezed by rising taxes at all levels of government.

Every thoughtful American should be concerned when a man whose own psychiatrist says he's crazy--Irwin Schiff--has among his supporters business owners and others who are not on the economic fringe.

Any final thoughts?

The promise of our Constitution is that we together can work out the solutions to our problems. But doing that requires that, one, people understand what's actually happening in our tax system rather than the blather of politicians, and two, that people participate as voters and as citizens who discuss public issues with their friends and neighbors. The reason our tax system is out of whack is that the narrow segment of very high-income people who don't want to pay taxes has been actively engaged in exercising their citizenship. And too many of the rest of us have been watching Jennifer Lopez.

That's all we have time for today. Thanks for participating."

George Carlin - Please Wake Up America

jmzero says...

Wow, another long parade of sad, tired cliches. Ooh, big rich man holding me down.

Very, very few people (businessmen, politicians, whatever) would want to see poor education so they can have a workforce of obedient idiots. To the extent that the education system is a failure, it's a failure because the people running it don't know how to do it better and because the expectations placed on it are unrealistic. Does someone legitimately believe businessmen are lobbying to - I don't know - lower education funding so that the sheeple are easier to control with their vast media machine?

I've dealt with high placed business people and seen high-level business strategy meetings and documents. It does not match the image of corporate America seen in movies, TV, or rants like this. It just doesn't. Unless the TV show you're talking about is "The Office".

The first, biggest misconception is that the super-rich are only interested in becoming more super-wealthy at whatever human cost. Certainly there's some out there who are only interested in more and more wealth - but in many cases the trend reverses the higher up you look. As a business owner reaches a certain point of wealth, quite often the focus shifts to ego: "How can I be remembered as a great guy?", "What can I do to impress my rich friends?", or "How can I help my son's business without actually cheating by giving him money?".

For example, the common idea that the Iraq war was engineered for money is ridiculous - it's not even looking in the right direction. GWB and the ruling cadre have plenty of ways to get money; what a guy like GWB desperately wants is to be remembered as the president who saved the free world. Glory. And he's pursuing that earnestly, making decisions that he honestly believes are correct. Sure there are profiteers, but they're peripheral to the actual motivation.

I think somehow people prefer the idea that the country is run by an elite cadre of power-hungry super-villains. The alternative, the reality - that it's run by well-meaning but over-confident, incompetent jocks - is scary in a way that people don't seem to want to accept.

If there was one dangerous meme that could actually threaten the slow march of progress, it's the idea that this video conveys: that people are powerless, and that political choices are meaningless. I see the next American election as a crucial choice in terms of foreign policy and basic human freedom. If young, energetic, change-seeking Americans stay home because they buy into conspiracy theories about how everything is fixed and rigged and unchangeable, then I think that's a real loss.

Ehren Watada refuses to de deployed to Iraq

MINK says...

sorry.. i edited a bit while you posted.

I think your idea of how super-rich people operate is naive. So Dick Cheney is no longer on the board of Halliburton? Oh well I guess he also changed his simcard and wiped his computer when he left, and broke off all his friendships and promised to God that he would never lift a finger for the oil industry, ever again. And in return, the oil industry promised to stay out of politics.

/dreaming

Rachael Ray is orgasmic about food

Bill Gates on The Daily Show

joedirt says...

Did you see the end of the show, they had the back of a dorky Gates-type exit the studio and knock papers and coffee out of people's hands.

What a dumb infomercial this was, couldn't they ask a single personal question, like what's it like being super rich, or charities, or anything.



Send this Article to a Friend



Separate multiple emails with a comma (,); limit 5 recipients






Your email has been sent successfully!

Manage this Video in Your Playlists

Beggar's Canyon