Little-Acorn
05-13-2015, 01:42 PM
President Obama referred yesterday to the wealthy as "society's lottery winners", as though the only reason they were wealthy is because they got lucky one time. No mention of years of training, hard work, risks, 20-hour workdays, failure, recovery, and eventual success.
It's just more of the same attempt to pretend there's nothing wrong with taking they money and resources from those who earned them.
Private people who do this are called "thieves", and are prosecuted and jailed as they deserve.
Public people who do the same are called "liberals", and are immune from the prosecution and jail terms they deserve.
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http://www.arkansasonline.com/news/2015/may/13/keying-on-poverty-obama-suggests-high-e/
Keying on poverty, Obama suggests high earners hit 'lottery'
By Angela Greiling Keane BLOOMBERG NEWS
Updated today at 4:03 a.m.
WASHINGTON -- Unless Democrats and Republicans can agree to raise taxes on the earnings of hedge-fund and private-equity managers, there is little chance the nation can make a meaningful dent in poverty, President Barack Obama said Tuesday.
Obama, whose long-standing proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation's wealthiest pitch in as more and more Americans are falling behind.
"If I were able to close that loophole, I'd be able to invest in early-childhood education," Obama said Tuesday. "If we can't ask from society's lottery winners to make that modest investment, then really this conversation is for show."
The president has often said the wealthiest Americans must make sacrifices to better life for poorer people. In addition to urging higher taxes for investment managers, he questioned whether the pay of some corporate chief executives is justified.
It's just more of the same attempt to pretend there's nothing wrong with taking they money and resources from those who earned them.
Private people who do this are called "thieves", and are prosecuted and jailed as they deserve.
Public people who do the same are called "liberals", and are immune from the prosecution and jail terms they deserve.
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http://www.arkansasonline.com/news/2015/may/13/keying-on-poverty-obama-suggests-high-e/
Keying on poverty, Obama suggests high earners hit 'lottery'
By Angela Greiling Keane BLOOMBERG NEWS
Updated today at 4:03 a.m.
WASHINGTON -- Unless Democrats and Republicans can agree to raise taxes on the earnings of hedge-fund and private-equity managers, there is little chance the nation can make a meaningful dent in poverty, President Barack Obama said Tuesday.
Obama, whose long-standing proposal to raise taxes on what is known as carried interest has gained little traction in Congress, said fairness demands that the nation's wealthiest pitch in as more and more Americans are falling behind.
"If I were able to close that loophole, I'd be able to invest in early-childhood education," Obama said Tuesday. "If we can't ask from society's lottery winners to make that modest investment, then really this conversation is for show."
The president has often said the wealthiest Americans must make sacrifices to better life for poorer people. In addition to urging higher taxes for investment managers, he questioned whether the pay of some corporate chief executives is justified.