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Meet 1 Family w/More Wealth than 40% of America

It's been ten years since the infamous Bush tax cuts were created - and except for millionaires and billionaires - the tax cuts haven't helped anyone. What would America's economy look like without the Bush tax cuts - and would the average American be in better financial shape today without them?


Added: Jul-19-2012 
By: Gmike
In: Other News
Tags: Small Business, Romney Tax, Returns, Bain Capital, Bane, Batman, Citizens United, Thom Hartmann, The Big Picture, top 1%
Marked as: approved
Views: 2016 | Comments: 106 | Votes: 6 | Favorites: 2 | Shared: 0 | Updates: 0 | Times used in channels: 2
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  • So, are we supposed to be jealous of them?
    Are they bad now for being successful?


    Personally, I wish I was more like them.

    Tired of people that think the answer to our problems is to make the wealthy less wealthy, instead of making the the poor less poor.

    Posted Jul-19-2012 By 
    wharris (2245.12)  

    (7)

    • @wharris

      Also employed illegals, overworked and understaffed their employees and took out secret life insurance policies with Walmart as the beneficiary which they collected on.

      You go be successful too.

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (-1)

    • @Loomfries
      if there are specific illegal actions, then charge them with a crime.

      Otherwise you sound like you are whining.

      Posted Jul-19-2012 By 
      wharris (2245.12)  

      (3)

    • @wharris

      LOL so now there's a difference right, making it OK to also have a criminal record and history of ethical lawsuits?

      If Wallyworld was donating to the Obama campaign would you feel the same way?

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (0)

    • @Loomfries
      of course I would feel the same.
      See, my thoughts and feelings towards most things are principle-based, not emotion-based.
      One reason I don’t bitch about Soros too often. It’s his money; he can spend it how he likes.

      Posted Jul-19-2012 By 
      wharris (2245.12)  

      (2)

    • @wharris
      We're talking about illegal acts here and possibly fraud. If a small business would do something equal they'd get shut down by the Feds immediately, unless of course they can afford Walmart quality lawyers.

      But it's about Principles right? lol! And I never even mentioned "emotions" but it's obvious where it hit you the most.

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (-1)

  • Well I’m in the top 10% and benefitted from the Bush tax cuts but the problem wasn’t the tax cuts it’s the EXCESSIVE SPENDING.

    As taxes are raised you will see a DECREASE in revenue, wealth will be moved off shore and the poor and middle class will have FEWER job opportunities and LESS capital in which to barrow.

    Face it the Rich are NOT the problem the marriage between government and central bankers, global corporations and special interest coupled with fractional banking and fiat money More..

    Posted Jul-19-2012 By 
    Moore Slayer (2013.64)  

    (7)

    • @Moore Slayer

      Stop speaking common sense. The liberals will not allow it.

      Posted Jul-19-2012 By 
      cswartz (1141.20)  

      (5)

    • @Moore Slayer

      Exactly. A deficit is created when spending outstrips taxation.

      There are two answers

      1) Raise taxes
      2) cut spending

      Cutting spending is obviously the more preferable choice for the citizens, but it requires government to "eat their own" so to speak, so they're generally against doing so. The liberal answer is to say "oh well, we'll just borrow" but that just digs a deeper hole to climb out of.

      There's absolutely no need for high taxes if government spen More..

      Posted Jul-19-2012 By 
      jum_runky (1521.64)  

      (3)

  • drives me fucking crazy when people bitch about walmart....if you don't like,then don't work there or shop there

    Posted Jul-19-2012 By 
    diablokid (526.00)  

    (6)

  • I could not make it past the 2:00 mark , to much “class warfare” bullshit.

    First question, how much taxes did the Waltons pay in 2011 ??? Probably more than the 40% of American people who made less than them.

    Second question, how many people does the Walton family employee. Probably more than the 40% of American people who made less than them.

    I am so tired of this liberetard class warfare crap. I am a tax paying citizen and I say power to the rich, the spend money and they employee peo More..

    Posted Jul-19-2012 By 
    cajunmojo (1828.30)  

    (5)

  • Im glad these people are rich - their family worked hard and made a shitton of money

    thats the american dream.

    it disgusts me to see people bitch and moan and want their money with no effort.

    truely disgusting. epiphany of anti-american.

    sub human leeches.

    Posted Jul-19-2012 By 
    Ohyawellfuku (508.20)  

    (5)

  • Sam Walton didn't create Walmart. He didn't create the world's largest company/store. His family didn't create their HUGE bank accounts. someone else did. find that person and shake your finger at him.

    Posted Jul-19-2012 By 
    Amusing (5214.48)

    (5)

  • The Bush tax cuts did help everybody, like tax cuts always do.

    This 'hate the rich' nonsense is getting old. The sad part is, most of those railing against the rich would LOVE to be rich themselves, as long as they didn't have to work for it. Inheritance, winning the lottery, doing a bank heist--all those are fine. But people who sacrifice and work hard? Why, they're just evil!

    And yes, the problem in this country is politicians spending out of control, spending money they don't have. They sho More..

    Posted Jul-19-2012 By 
    cleetusawreetus (331.30)  

    (5)

    • @cleetusawreetus And who would run the country instead of all those locked up politicians?

      Who gives a fuck anyway, this country is corrupt and bankrupt, so just sit back and watch it burn to the ground next.

      Posted Jul-19-2012 By 
      Leaker89 (203.00)  

      (-1)

  • When Libtards say "tax the rich" they always leave out the last part which is "and give it to me."

    I don’t pay my fair share?

    Federal Income tax
    State income tax
    City income tax
    Medicaid tax
    Medicare tax
    Social security tax
    Property tax
    Gas tax
    Road tax
    Road tolls
    Bridge tolls
    Carbon tax
    Sales tax
    Phone tax
    Cell phone tax
    Cable TV tax
    Excise tax
    Property tax
    Document tax
    Water tax
    Air tax
    Sewer tax
    Garbage tax
    Recycling tax
    Car tax
    Business tax
    Airport tax
    Entertainment t More..

    Posted Jul-19-2012 By 
    onepercent (708.30)  

    (4)

    • @onepercent

      Nope. Sorry, not enough.

      STOP HOARDING ALL YOUR MONEY YOU RACIST, FASCIST, MONEY-HOARDING CONSERVATIVE!

      XD

      Posted Jul-19-2012 By 
      cswartz (1141.20)  

      (3)

    • @onepercent

      WTF you're including district, local and FCC taxes in there too? Well at least you learned how to Copy + Paste today.

      But yeah, "Libtards" like Bush cause all those taxes were not only imposed under him but some were also raised. Cause Presidents control all of that don't cha kno.

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (0)

    • @onepercent And the money you keep after all that bullshit, if you choose to invest it in the stock market, you also pay a capital gains tax on the profits.

      Posted Jul-19-2012 By 
      ChumCannon (1452.12)  

      (0)

  • people who are jealous of other peoples success are hilarious!

    Posted Jul-19-2012 By 
    VikingRapeSquad (1330.90)  

    (4)

  • Comment of user 'heynow' has been deleted by author!

  • And walmart doesnt employ anyone and nobody ever shops there

    Posted Jul-19-2012 By 
    CptDoom (286.36)  

    (3)

    • @CptDoom
      lets not create reason;
      just demand their lively hoods and family business.

      the thinking is equality but the math does not work. Sadly this is not a case of bad government investment or GI that went for private profits. Those are the companies I want to avoid
      theLAB

      Posted Jul-19-2012 By 
      theLAB (323.20)  

      (1)

  • Fuck this poindexter bitch. Jealousy is an ugly disease.

    Posted Jul-19-2012 By 
    skatman21 (324.02)

    (3)

  • This guy makes it sound like it is a bad thing to be a Walton. I wish I was a Walton. If you want money try starting a business. This could have went the other way and the Waltons could have been broke.

    Posted Jul-19-2012 By 
    Western-Horseman (318.04)  
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    (3)

  • "...and except for millionaires and billionaires - the tax cuts haven't helped anyone."

    See, that's just nonsense. The tax cuts led to more job creation and higher revenues when taxes were raised.

    Those evil '1%-ers' are people that create jobs, invest in businesses, re-invest in the economy by spending money, and along with the other top 9%, shoulder over 70% of the taxes in the country.

    Annhilating the rich won't help anyone. We spend $10 billion A DAY-we have a spending problem More..

    Posted Jul-19-2012 By 
    cswartz (1141.20)  

    (3)

    • @cswartz

      While Neocons keep believing it cause Rush Lumbaugh teaches em, The 1% ers I personally know and have met over time do not give 2 shits about whether they have a job for you and whether investing will help others. It's about Them, their Family and what They want/need. And hey, that's fine I've learned from them as well and have also created goals for myself in learning. I care about myself, my family and NOT you.

      Also, taxes go up and down and you NEVER hear the 1% complain. It's the More..

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (-2)

    • @Loomfries

      I've heard them complain about their taxes. Like him or not, Bill O'Reilly complains about it.

      And they don't need to give a shit about their re-investment. When I pay toll booths, I can't really say that I care that the state is going to get that money-I just pay it because I have to!

      Kind of like the rich and their taxes.

      Posted Jul-19-2012 By 
      cswartz (1141.20)  

      (1)

    • @cswartz
      LMAO! Bill O Really? He's complained about taxes all through the Bush Tax Cuts, he will complain about anything his viewers love to hear for his ratings. Even I know he's smart enough to know his audience.

      You're right, they do not need to give a shit. But also remember regardless of their political beliefs (of if they don't even care at their level anymore) they are also smart enought to know that hiring 1 Outsourced Indian or 5 Outsourced Chinese is more efficient and cost effectiv More..

      Posted Jul-19-2012 By 
      Loomfries (219.86)  

      (-1)

    • @Loomfries

      Well, maybe if we thought twice about how we treat businesses in this country, they wouldn't go overseas.

      And maybe we could actually reward companies that stay here rather than go to other nations.

      Posted Jul-19-2012 By 
      cswartz (1141.20)  

      (1)

  • Funny how the bottom 30+% don't pay any tax, but receive a generous return every year. So in reality you should be saying the Waltons pay more taxes than the combined bottom 30%. Hell, I pay more than the bottom 30% and I sure as shit ain't a Walton.

    Posted Jul-19-2012 By 
    CannibalsCookpot (378.60)  
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    (2)