Hey Einstein no sh**t

http://chicago.cbslocal.com/2012/01/19/topinka-illinois-unpaid-bill-crisis-just-keeps-getting-worse/

Now let’s get the rest of the wealth redistribution nitwits educated………..SPENDING CUTS FIRST

I live in a suburb of Chicago. We just had a huge tax increase! Now they basically say, We've pissed it all away! They think the tax payers are a bottomless bucket. Politicians need to learn how to tighten their own belts for a change instead of making the people bear the brunt of their wasteful pissing away of their budgets. All the one percenters that had it so good for three decades need to carry the load and give the little guys a breather for a friggin change!

How did they have it good for three decades?

According to William A. Niskanen, one of the architects of Reaganomics, "Reagan delivered on each of his four major policy objectives, although not to the extent that he and his supporters had hoped," and notes that the most substantial change was in the tax code, where the top marginal individual income tax rate fell from 70.1% to 28.4%, and there was a "major reversal in the tax treatment of business income," with effect of "reducing the tax bias among types of investment but increasing the average effective tax rate on new investment." Roger Porter, another architect of the program, acknowledges that the program was weakened by the many hands that changed the President's calculus, such as Congress.[2][3]

So I'm still a little lost, if he earned it and worked for it, then it's his isn't it?

It's wrong that my secretary pays a higher tax rate than I do!
Warren Buffet

It's all in the context of the statement, the facts are that Buffet was talking about Capital Gains not earned income (that is completey different).

i think we might have to sort of redefine "work".....

the financial market has been way overly complicated for the sole purpose of confusing people...most people cant figure it out for a reason

should that behavior be encouraged?

Capital gains vs earned income, let's see...
Wether one goes to work or collects dividends it's all earned income.
Either way it's income! Income should all be taxed the same! Mark my words the tax rate will be changed! There should not be a different rate for joe worker vs Mittens capital gains rate of 15%. Either tax everyone 15% or 31%. It's a loophole that the 1% get away with murder. Then there are the 1% of those 1% that pay nothing! That includes corporate. Trickle down is a joke and it never worked never will. That is a PROVEN FACT!

The country does and did its best when the rich
paid and pays 70%. A person that makes 50k paying 31% in taxes has nothing left to pay bills and raise families vs someone that makes a million per year and pays 15% in taxes! How is that the country working together towards a common goal, a stronger economy, a stronger country? Again, trickle down never worked its a proven looser!

It's all about greed bottom line period!
How much money is enough money? Greed has changed this country for the worse. Morality, honor, dignity, loyalty, those are not just words. They are scruples this country was based upon!

We need a grass roots return to these ideals. Till that day returns the countries working men and women are screwed.

Ah the party of envy, instead of trying to figure out how to make it, figure out how to take it, it's much easier that way. Trickle up has never worked; no the tax rate won't go up to 70% percent and thank God for that.
When people can vote thmeselves money on the backs of those who earn it (remember it's all income your words) that heralds the end of the Republic.

Ahhh Spoken like a true republican.
I am not poor by any means I have in fact purchased three properties, rehabbed them and am now renting them. I will one day sell these homes and make enough to probly retire. Fact is that at today's tax rate I will only pay 15% capital gains tax. I play by their rules doesn't make it right however. I will pay whatever the law says. Truth be told when property values rise again i will make so much off the sale. In fact i did the rehab work myself so even if i sell now i make money. If that be 70% then so be it. I agree with you that taxes won't go that high. But it is a proven fact that when the middle class and lower is doing well the 1% does well too. In fact the country as a whole is prosperous.

So why keep the little guy and the country down? So they can be laughed at? Humanity is the key.