Pic Of The Moment: It's Time To End Wasteful Welfare!

[EarlG]

NYT's Kristof: 5 wasteful public welfare programs that should be stopped

Follow @demunderground

[2pooped2pop]

1. Oh goody

I was going to try to put this into something small and printable in a sticker format, but this is already done for me. Wonderful. I will post them in my redneck town.

[corkhead]

2. I have never understood why capital gains isn't taxed at an equal or higher rate than earned income

The fact that you have to pay more for money you worked for than money that worked for itself makes no sense to me.

[tclambert]

14. Because that would be unfair

to rich people.

Well, OK, actually it would be fair. But rich people don't like that, either. They only like it if it's unfair in their favor. And we get the tax laws they buy with their lobbyist money.

[tclambert]

15. Oh, and in addition, capital gains and dividends don't pay Social Security taxes

Apparently, EARNING your money is for chumps.

[pitchforx]

17. "the gamblin man is rich...

and the workin man is poor, i ain't got no home in this world anymore"
........................................Woodrow Wilson Guthrie

[Frustratedlady]

3. Don't forget the breaks they get with show horses.

I haven't read the rules in several years, but I think they have most issues covered. It got some publicity when Mitt was campaigning, but not enough.

[niyad]

25. and, if I remember correctly, breaks for luxury cars, including hummers.

[wandy]

4. As we bicker about our best choice for candidates there is something we should........

keep in mind.

It is this type of inequity that the GOP fully supports.
Those that benefit form this type of inequity are the ones that supply GOP funding.
It is their bought and paid for front men that mislead people into working against their own best interest.

EOD.

[Andy823]

5. All we need is

Someone get a bill going to put and end to this kind of "wasteful" welfare, then force every member of congress to vote so there will be a record of those who continually vote to cut programs for the poor, but continue to push the "welfare" for the rich!

If you want to cut waste it's always best to start at the top and work down, not the other way around.

[Initech]

6. HEY REPUBLICANS! THESE ARE THE REAL PEOPLE ROBBING YOUR PAYCHECK!!

The mom on welfare with three kids working four jobs just to pay rent? She's not the problem. Exxon Mobil which gets billions in free subsidies and makes money hand over fist? Yeah they're the real problem and why our economy continues to go to shit!

[malthaussen]

7. Didn't know about the yacht loophole.

Always something new to learn.

-- Mal

[eallen]

9. I know a lot of people who live on boats. None rich.

I knew a cabbie who lived in a small cabin runabout that wasn't worth more than a thousand dollars. He no doubt paid cash, since he wasn't credit worthy. And a preacher who lived on an old 26 foot sailboat, worth maybe $10K at most. A hippie couple who lived on a boat they had finished themselves. Theirs was worth a more, but it was sweat equity.

Boats are like caravans. Both categories include everything from "something rescued from the junkyard" to million dollar palaces. In both cases, the lower end are much more common than the upper end.

My own view is that the mortgage deduction should be eliminated entirely. It's more a boon to builders and bankers than to people generally. It encourages building bigger homes than otherwise, buying homes when it might be wiser to rent, and treating second homes as an "investment."

[malthaussen]

10. The only person I "know" who lives on a boat is Travis McGee.:)

I agree about the mortgage deduction. All in the cause of getting people to spend more than they can afford.

-- Mal

[SleeplessinSoCal]

8. Just tweeted this pic to my rep and those challenging him

Rohrabacher, unfortunately.

[onehandle]

11. Yeah, but someday I might own a private jet, a yacht, a hedge fund, a bank, and a big corporation...

You libruls just want to tax my future wealthinessocity.

Class Warfare!

[polynomial]

12. Just about everyday one radio channel

With very often advertisements from Ed Shultz or Thom Hartmann says “ America owes sixteen trillion dollars that will never be paid back” then goes on to suggest the market will crash, and it’s only a matter of time when it happens. So buy gold to protect yourself. Yikes …let them keep their gold because you can’t eat it.

Sixteen trillion dollars got flim flamed to the one percent because I sure don’t have any of it. So my imagination looked around to see what that kind of money can buy. Sheesh

So, ladies and gentlemen of America we could have completely changed or modernize the American infrastructure two times with change left over.

A new infrastructure likely with everyone connected via the post office with fiber optics in new communications era, all being easier to create small business.

A technology example for the future just the other day I signed up to a free seminar to navigate the Library of Congress. We should have all material digitized so all bills in Congress can be automatically emailed to the electorate to be able to give feedback to our representatives. And have poling for American opinions done open online not secret stuff like they do now.

That would mean plenty of jobs, not big government but a smart government that is way overdue. All that would create jobs with a living wage and a good future could have been the big picture. So now all we get is a minimum wage raise, and a screwed up trade agreement. War as a probability because most American don’t know how to read the Constitution or bother to look at legislation to know 911 was fixed to profiteer.

[AAO]

13. That's at least 2 trillion over 10 years.

[pitchforx]

16. i call it "Supply-Side Socialism" n/t

[Ccarmona]

23. I Get Your Point

But it's really fascism that would make Mussolini jealous.

[allan01]

18. re: Pic Of The Moment: It's Time To End Wasteful Welfare!

end of the WEALTHcare system as we know it ,

[MADem]

19. Why doesn't this post have the most recs of all the posts on this board? nt

[Cha]

20. Excellent Facts to Highlight and let people know what's going on with the

Poor Corporations who are sucking off the American Government.

thanks EarlG & Nicolas Kristof

[Rider3]

21. sigh...

[joeglow3]

22. Some companies should get to structure to avoid local taxes

I got my b-hole shredded on here a couple weeks ago for pointing out what Amazon costs local governments. The disgusting thing was that so many here defended it because they got to buy shit cheap.

[niyad]

24. k and r for laying it out so neatly and succinctly

[niyad]

26. and let us not forget the billions in subsidies to the most profitable business in the world-BIG OIL