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TBF

(31,921 posts)
48. 100K a year is not a lot of money -
Sat May 26, 2012, 10:37 AM
May 2012

not in the scheme of things. The professional classes can certainly pay more (and I'm in that class myself), but the thing people are missing is that it's not the folks making under half a million that are "rich". It's the folks who are making so much money off their inheritance/investments that they aren't tied to a paycheck.

I'd start by repealing all of the cuts to the capital gains tax that have been made in the past 30 years, repeal all the Bush tax cuts (or start with all those over $250K - either way), and then go from there.

We also need to cut spending - I'd start with the Pentagon.

And even if you were that wealthy, you're still better off living in a country pnwmom May 2012 #1
+1,000!! SunSeeker May 2012 #12
+2 hedgehog May 2012 #15
Still got my job, my annual raise, and even bonuses in this recession. Yet, I have still lost out. ieoeja May 2012 #27
Or, put another way: The Velveteen Ocelot May 2012 #28
+1 azurnoir May 2012 #29
John Galt was his own father and mother. Because John Galt never needed help from anybody. n/t ieoeja May 2012 #32
John Galt is an idiot. pnwmom May 2012 #40
This, really, is the important point eallen May 2012 #35
But when it comes right down to it, the wealthy, even those that have rhett o rick May 2012 #50
The wealthy do well when the nation does well eallen May 2012 #63
EGGZACTLY! supraTruth May 2012 #71
"There are many" How many? What percentage of the wealthy support progressive policies? rhett o rick May 2012 #81
How is Obama not liberal? eallen May 2012 #82
How many liberals do you think are in Congress? nm rhett o rick May 2012 #83
Your statements are very general. How many in the 1% support liberal candidates? rhett o rick May 2012 #84
Well said!!! n/t RKP5637 May 2012 #2
We need to get rid of all the Bush tax cuts to make a dent in our deficit. dkf May 2012 #3
Not said enough. ag_dude May 2012 #16
Exactly. n/t taught_me_patience May 2012 #19
Not gonna happen... Cave_Johnson May 2012 #25
Actually, it can happen very easily if they disconnect the tax cuts from everything else. ieoeja May 2012 #31
I'll make that deal as long as it includes all the capital gains tax cuts of the past 30 years. nt TBF May 2012 #47
Trying to renegotiate anything will lead to more requests dkf May 2012 #55
I would take repeal them all - including all the capital gains TBF May 2012 #56
My point is there is no way in hell you will negotiate just that one piece. dkf May 2012 #58
and you saying makes it so? icarusxat May 2012 #59
AMEN!!!! Taverner May 2012 #4
John Steinbeck said it best: hifiguy May 2012 #5
Democrats have carried this theory too long cthulu2016 May 2012 #6
401k harun May 2012 #21
I beg to differ a little... louis-t May 2012 #23
It just goes to show there's no shortage of people who are quite happy being useful idiots Major Nikon May 2012 #26
I always wondered what Lennon was saying.... louis-t May 2012 #37
I still do Major Nikon May 2012 #38
Fool me once... progressoid May 2012 #43
The majority of those who think that way, live in the 'dumb' states, and don't think.... dmosh42 May 2012 #7
Which are the 'dumb' states? former9thward May 2012 #11
I'm sure dumb people can be found everywhere, in every state... CaliforniaPeggy May 2012 #24
Yet another attempt to divide the 99%. former9thward May 2012 #41
I am not dividing the 99%. I am simply stating a fact. n/t CaliforniaPeggy May 2012 #42
Don't think. Google. jayschool May 2012 #49
Well, if I ever did become a brazillionaire, I'd expect to pay my share. eppur_se_muova May 2012 #8
It is perplexing to think about how people think it will miraculously change and they will get rich liberal N proud May 2012 #9
A lot of people who believe this Proud Liberal Dem May 2012 #60
I could earn ten times more than I earn now CJCRANE May 2012 #10
I had a funny argument with two guys hfojvt May 2012 #13
100K a year is not a lot of money - TBF May 2012 #48
We almost go right back to the OP hfojvt May 2012 #52
Did you read my entire post? TBF May 2012 #53
I don't see where having things in common really matters hfojvt May 2012 #61
Look, TBF May 2012 #62
I am on the side of the truth hfojvt May 2012 #70
That infighting is exactly what keeps us TBF May 2012 #73
I'm not seeing our problem being a whole bunch of infighting hfojvt May 2012 #74
I don't think you should shut up at all - TBF May 2012 #75
There are almost always richer and poorer FreeJoe May 2012 #77
but the facts are not all relative hfojvt May 2012 #78
Absolute Standard FreeJoe May 2012 #79
I write as though there should be a standard hfojvt May 2012 #80
It might have occurred to you that the reason why you aren't in the top 1% is precisely because CTyankee May 2012 #68
Yup, I agree completely. I think I had more of a chance than many because I grew up in the 70s TBF May 2012 #69
Here's the message. randome May 2012 #14
You never know, I just became part of the 1% Spoonman May 2012 #17
So their investments give you $250,000 *per year*? CJCRANE May 2012 #20
That's why kids sometimes don't get parents money DaveJ May 2012 #30
All I can say is that if *I* had $100k per year SheilaT May 2012 #36
Maybe, I've only been on one vacation so far DaveJ May 2012 #39
I think that in this thread there's been some SheilaT May 2012 #65
The investment interest will have me paying WAY more than that in taxes every year! Spoonman May 2012 #33
Good for you, for saving! DaveJ May 2012 #34
This message was self-deleted by its author DaveJ May 2012 #18
If all those 1%ers who benefit from the cuts died off tomorrow... lastlib May 2012 #22
You'll can also be richer ag_dude May 2012 #45
Every law effects the distribution of wealth and everyone with power ties to keep it for themselves. airplaneman May 2012 #44
Welcome to DU airplaneman. pa28 May 2012 #46
Right direction..... dtom67 May 2012 #51
Calculating whether you're in the top 1% - TBF May 2012 #54
I'm also very curious as to where net worth SheilaT May 2012 #66
Like Carlin said... awoke_in_2003 May 2012 #57
In The Audacity of Hope, President Obama himself explained why this matters: sad sally May 2012 #64
Good quote - TBF May 2012 #67
Spam deleted by Violet_Crumble (MIR Team) misshu May 2012 #72
I expect to be in the 1% next year taught_me_patience May 2012 #76
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