Archive for top 1% – Page 2

VIDEO- Stephanie Cutter: Mitt Romney’s Plan will INCREASE Middle Class Taxes. New Tax Calculator Tool Proves It.

Yesterday I posted CHART, VIDEO- Pres. Obama in Ohio on Romney’s Tax Plan: Mitt would INCREASE middle class taxes by more than $2000.

Talk about striking while the iron’s hot.

But wait! There’s more!

President Obama’s rapid response team is great this election, and Stephanie Cutter is consistently clear, effective, and tough.

“Now we know why” Willard Romney has been so evasive about the details of his plan.

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Use the Tax Calculator : http://OFA.BO/EKDooo

Stephanie Cutter breaks down what Mitt Romney’s tax plan means for families and how President Obama’s plan will cut the deficit while still making the investments we need to grow and keep middle class families strong.

Go to http://www.barackobama.com/TaxCalculator and use the tax calculator to see how these two very different plans will affect you.

And just to drive the point home:

Mitt Romney “pays less, you pay more.”

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Learn more: http://OFA.BO/AHWfiR

You work hard, stretch every penny, but chances are you pay a higher tax rate than him: Mitt Romney made $20 million dollars in 2010, but paid only 14% in taxes—probably less than you.

Now he has a plan that will give millionaires another tax break and raises taxes on middle class families by up to $2000 dollars a year. Mitt Romney’s middle class tax increase: he pays less, you pay more.

CHART, VIDEO- Pres. Obama in Ohio on Romney’s Tax Plan: Mitt would INCREASE middle class taxes by more than $2000

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Today, at a grassroots event in Mansfield, Ohio, President Obama highlighted a new report from the Tax Policy Center — a nonpartisan policy think tank — that concludes that Mitt Romney would have to raise taxes on millions of middle-class families with children by more than $2,000 to pay for his $5 trillion tax plan tilted to the wealthiest.

Steve Benen at The Maddow Blog buttresses the president’s point with this chart and more details here:

Maddow Blog chart based on Brookings Institution and Tax Policy Center data

Notice that everyone’s tax burden go up under Romney’s vision, except those in the top 5%, who see get a generous windfall.

And here’s the kicker: I had to leave off the top 0.1% of earners, because it made the chart unreadable. If you’re in the bottom 80%, your tax increase under Romney would range from $128 to $1,880, but if you’re in the top 0.1%, your tax break would be worth nearly a quarter of a million dollars.

Not to pile on– okay, piling on– but there’s this letter from a group of about 100 rich progressives who are in the top 2% and are asking Congress to raise their taxes right. Now.

With a little more messaging like this, we may actually make a dent.

The letter from the wealthy liberals was organized by the group Voices for Progress. Via Greg Sargent (who has more details):

As you can see, they understood, supported, and took into account the, you know, context of President Obama’s “didn’t build that” statement, unlike the GOP.

Posh.0: Mitt Romney’s ultra mega super duper double secret retreat

In today’s L.A. Times, there’s a good article that describes the ultra mega super duper double secret retreat at which is ultra mega super duper double secret wealthy schmealthy Republican Romney donors spent a glorious time mingling and wining and dining with each other’s ultra mega super duper double secret open wallets at a fancy schmancy Utah resort.

As the Times points out, this was not exactly the image Willard Romney wanted out there. The only visual that could have topped it would be the candidate rolling around with naked rich people and their dressage horses in a hot tub filled with cash under a canopy upon which an intestinally tortured dog trapped in a crate would be perched.

The 700+ donors at this Big Do have given Team Willard at least $25,000 each, and many having donated much more than that.

While the ultra mega super duper double secret Utah retreat was underway, so were other private gatherings hosted by the billionaire Koch brothers (in Carlsbad, CA) and the Republican Jewish Coalition (where Sheldon Adelson sits on the board) in Beverly Hills. Well, la dee da, so much for image.

But back to Utah. Speakers included Ann and Mitt, of course, as well as John McCain, Jeb Bush, Condoleezza Rice, Bobby Jindal, and everyone’s favorite Eddie Munster lookalike, Rep. Paul “Kill Medicare” Ryan. And heading panels on all sorts of topics like health care and the financial industry were Meg Whitman and Karl Rove. It was a regular Who’s Who of liars extremists GOP supah stahs!

Oh, and in case you were wondering, Rove’s American Crossroads is “a super PAC that cannot coordinate its message strategy with Romney’s campaign but can collaborate on fundraising.” So there he was in Park City, Utah, not coordinating, just collaborating.

Here are a few excerpts from the Times article filling us in on how the 1%, who love to tell anyone who will listen how much they disdain the “Hollywood elite”, spent their three days:

At a private retreat this weekend, major Romney campaign donors quaffed 1927 Port they’d brought in for the occasion, mingled in the lobby of a posh resort called the Chateaux at Silver Lake and watched an aerial display of Olympic ski jumpers. [...]

“They’re our major investors,” a senior Romney advisor said, declining to speak openly because of the campaign’s desire for secrecy. [...]

The retreat was closed to the media, in keeping with Romney’s secrecy about who is raising money for his campaign. He has declined to release the names of bundlers, those who collect funds from others on behalf of the campaign. Romney was not seen in public except when he waved at reporters from his motorcade.

(Secrecy extended to the invitees; one said that while he was to attend one in a series of intimate dinners Saturday night, he had no idea where it would be held. “They gave us a ticket, a yellow ticket — wherever the yellow ticket takes me,” said the donor, who has raised $350,000 for Romney and declined to speak publicly in deference to the campaign’s wishes.) [...]

A corporate jet registered in the care of Bain Capital, the private equity firm Romney once headed, was spotted at a nearby private airport.

I’m sure a swell time was had by all. And speaking of being had…

Bonus Cartoon of the Day- Mitt Saved Detroit!!

Heh. Via.

Quickie: Obama campaign mocks Mitt Romney’s hypocrisy

 

Today’s Quickie:

Via LiveWire, Obama campaign manager Jim Messina:

“Any time Romney trying to say someone’s out of touch is a little difficult when he’s shopping for car elevators.”

But at least he wears studied-casual pressed jeans and Everyman USA-rolled-up sleeves.

That was today’s Quickie. Was it good for you?

VIDEO- Occupiers set up living room in bank lobby: “B of A took our homes, so we thought we’d move in here.”

This is whatcha call creative and memorable:

 

Shabby chic? It works!

March 15 is move-in day! Bring your furniture!

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A crew of occupiers makes a home of a Bank of America lobby with a couch, a coffee table, a rug and a potted plant. “Bank of America took our homes so we though we’d move in here!” Join them March 15 as America turns the tables on the nation’s largest bank!

facebook.com/fightbankofamerica

fthebanks.org/

I lovelovelove this video.

Study: Wealthy, motivated by greed, are more likely to cheat

Today the L.A. Times posted an article about what happens when you get rich. Okay, it’s not quite about that. It’s about how the wealthy differ from people who aren’t. And by differ, I mean that the 1%ers do more cheating and commit other dishonest acts than their 99%er counterparts.

Surprised?

This is not to say all wealthy people are rats, and all non-wealthy types aren’t. But the study is fascinating.

They literally take candy from babies, according to Paul Piff, the study’s lead author:

The rich really are different from the rest of us, scientists have found — they are more apt to commit unethical acts because they are more motivated by greed.

People driving expensive cars were more likely than other motorists to cut off drivers and pedestrians at a four-way-stop intersection in the San Francisco Bay Area, UC Berkeley researchers observed. Those findings led to a series of experiments that revealed that people of higher socioeconomic status were also more likely to cheat to win a prize, take candy from children and say they would pocket extra change handed to them in error rather than give it back.

Because rich people have more financial resources, they’re less dependent on social bonds for survival, the Berkeley researchers reported Monday in Proceedings of the National Academy of Sciences. As a result, their self-interest reigns and they have fewer qualms about breaking the rules.

Because the rich are more insulated, they’re more likely they are to act in “insensitive” ways. So those bubbles they inhabit can create… dun-dun-dun-n-n

Interesting that the words “self-interest” were also mentioned, since those are the very words so many have used to describe the grabbiest of the GOP grabby, the one percentiest of the 1%ers, the corporatiest of the corporate (Dems, you’re no angels either).

Interestingly, anyone who acquires a lot of money is susceptible to this behavior. They undergo a noticeable psychological change, apparently.

Another point made by Piff in earlier studies: Wealthy people were less likely to act generously than relatively impoverished people. Well, except for our evil Marxist socialist “food stamp president” right? He says “Yes” to a whole lot more people and their needs than the Party of No ever will.

Then again, President Obama, unlike, say… Willard Romney, wasn’t born with a silver foot in his mouth.

More details here.