General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsI was listening to NPR coverage ...
of the "fiscal cliff", yesterday during my drive home. The segment featured the CEO of Caesar's (Casino). When asked about the raising of taxes on the wealthy ... he stated that it's always a bad idea to raise taxes on any income level. He went on to say that raising them on the wealthy would cost him customers since he has a lot of millionaires visiting his casino.
I really wanted to scream ... do you really believe that a millionaire is not going to visit your casino because he/she will incur an additional $28,000 in taxes?
BeyondGeography
(39,370 posts)The real joke about that is he caters to the middle market; retirees mostly. Would he prefer to have retirement security undermined to protect rich people? That would gut his slot revenue. The high end at Caesars is mostly Asian and they'll gamble no matter what.
The reporter didn't know enough about Loveman's business to ask the question.
Vox Moi
(546 posts)Casinos around the country feed on the poor and the retired.
They are the ones spending hours at the slots, pouring in money like they were shoveling coal into the boilers on a cruise ship.
Casinos don't create wealth ... they absorb it.
TreasonousBastard
(43,049 posts)in Connecticut have been mumbling about possible bankruptcy and Atlantic City has been crying the blues long before Sandy hit.
It ain't taxes scaring big money away-- it's the little guy with less discretionary income that's killing gambling.
1StrongBlackMan
(31,849 posts)are recording higher year to year revenue ... but you are correct, it is the little guy with less discretionary income that is killing gambling, and the economy in general.
PETRUS
(3,678 posts)There is too much focus on the tax the rich (or not) question.
We need to discuss:
1. Are we or are we not implementing austerity policies (deficit reduction)?
2. What are the plans for Social Security/Medicare and social spending in general?
What the appropriate level of taxation on high earners (or anyone, for that matter) should be subordinate to the other questions.
hootinholler
(26,449 posts)My son picked me up at the bus stop and it was on. He said Dad, don't blow a gasket man, it's only an asshole on the radio.
BlueStreak
(8,377 posts)It is really remarkable how far that group has fallen. It seems like it was only a few years ago that they were a vibrant source of information, intelligent stuff.
I was listening to the Diana Rehm program today and she spent a whole damn hour (or at least I think she did. I had to turn it off) giving a platform to some asshole from the airline industry bemoaning how terrible it was that they were having trouble getting qualified pilots. After 20 minutes of this BS, (to Rehm's credit) she asked him if it was true the average starting salary for commercial pilots was only $25K a year, and actually under $20K a year for regional carriers, despite the fact that pilots were required to have 4 years of expensive, highly specialized training. That's about $23/hour -- barely more than you can make as a Wal*Mart greeter, and still sleep in your own bed every night.
The guy admitted that and then went back to his rant. Rehm never got back to that point. I mean, how complicated is this? Pay people a salary commensurate with the education and the difficulty of the work and there will be no shortage. Simple as that. It is called Supply / Demand. She never said that once in the 20 minutes I was listening.
She had an "equal time-to-both-equally-valid-positions guest from the pilots union. At one point he referred the the industry guy's comments as "hogwash", which they were. Rehm jumped all over him and made him retract the comment, but never had a discussion of WHY the comments were hogwash. There was never a discussion of all the airlines going through fake bankruptcies in order to cut salaries and benefits of the pilots. None of that.
A completely wasted 20 minutes that I will never get back. NPR should be ashamed of itself. This false equivalency bullshit must stop.