If taxes go up for the wealthy, their charitable giving will go down and you poor out of work fools

[Skidmore]

will be SOL at the food pantries and there won't be any jobs for you to look for either.

This is the new RW spaghetti for the day. It been thrown at the wall all day. Don't think it will stick since the wealthy have become the biggest welfare queens in the nation over the past decade and we out of work fools know it.

[babylonsister]

1. Maria Bartelomo (sp?) brought this up bright and early this a.m.

Yup, sounds like the memo of the day. And we're supposed to do what exactly in response? Seems to me that'd make the rich thugs look even cheaper than they already are.

[Stinky The Clown]

31. That os Bartoromo and she is a disgusting right wing hack'n'flack.

Fuck her and the limo she rode in on.

[Beavker]

44. and her $6 Million dollar Brownstone in NYC

that she and he Wallstreet hubby bought a few years ago.

[Veritas_et_Aequitas]

2. If they're the kind of person who won't give to charity because they

will get X% of it back instead of Y% I'm surprised they're giving to charity at all.

[Cant trust em]

6. it's unfortunate, but that's part of the game.

Charitable intent only takes you so far. There are a lot of charitable vehicles that are designed solely for personal benefit. But as a fundraiser, it's not really my job to question people's motivation.

[Cant trust em]

3. The wealthy will stay wealthy.

These poor rich people. Boo"fucking"hoo.

[Xenotime]

34. Not if there is a national salary cap.

It works in professional sports.

[dkofos]

4. Our answer should be, "we'll take our chances"

[Veritas_et_Aequitas]

5. And since when did the wealthy give a rat's ass about the poor?

I know there are exceptions, but come on! Who are they trying to kid?

[Beavker]

25. Remove the Tax Deduction from it.

We'll see how much they truly want to donate to the needy.

[lib_wit_it]

46. Not since....oh right, never.

[Nickster]

7. If you give us these huge tax cuts, we will create jobs for you!!!! Wait......

[ProfessorGAC]

26. My Respone To That

"And that worked exactly when?" They'll say Reagan and i'll say "So, the huge increase in gov't expenditures had nothing to do with that job creation?" That usually ends the conversation.
GAC

[Rosa Luxemburg]

8. the GOP should be made to dumpster dive when they lose all their millions

[mitchum]

9. Eat The Rich

[Veritas_et_Aequitas]

12. Yes... redistribute their wealth to my waistline.

Mm mmm.

[gratuitous]

10. Yep, Mary Matalin was peddling this on the Toady Show

It was surreal. Meredith Viera was talking to her, commiserating over the prospect that their huge salaries might be subject to taxation, and both Viera and Matalin were complaining about having to pay taxes.

Matalin then went into a very tired song-and-dance routine about job creation and charitable giving. Viera, naturally, had the good taste not to ask for an accounting of Matalin’s income during the last eight years. There was also not a breath of a question posed that would have asked how many jobs Matalin had “created” while her taxes were kept artificially low during the Bush administration, or how many jobs Matalin would be unable to create if she had to send another $10,000 or so a year to the federal treasury.

Thankfully, none of these inconvenient questions will be asked by the millionaire chatterers of the millionaire whiners.

[kestrel91316]

16. "A tisket, a tasket, let's fill that little basket. " Quotation compliments of

Ferenc Mate, in A Reasonable Life (one of my favorite books).

He is referencing a prior comment in the book about wealthy people and guillotines. The basket is where the heads fell.

[Stephanie]

30. $10,000 is probably the annual salary of one of her maids

If she has to pay it out in taxes, she might have to choose between the maid or another facelift.

[blogslut]

11. Thanks for the gold coin, Monsignor.

That totally makes up for you running over my kid with your gilded horse carriage.

[Idealism]

13. One of the reasons people give to charity is for the tax write off n/t

[rvablue]

15. This was my first thought, too. n/t

[napi21]

14. BFD! The budget suggest reducing the deduction from 33% down to 28%!!!

They'll still donate because 28% is still a nice deduction rate. That small 5% won't matter.

Besides, it was discussed at the presser today, and it's simply taking that rate back to what it was during the Reagun admin. It must be ok, after all HE is there hero, isn't he?

[Skidmore]

19. You and I know this, but this tax BS is being peddled to generate

backlash against the economic policy. Just pointing it out so we can deal with it appropriately.

[librechik]

17. I'll be expecting that charity about the same time I'll expect those jobs to trickle down on us

i.e., never!

[stillcool]

18. they just love to trickle down....

too bad the people are tired of being pissed on.

[Beavker]

20. The Kitchen Sink

They're throwing everything out there. Let's deduct Cindy McCain's Tax Deduction for her charity, from her actual donation. There's the true nature of giving. Also, She may be giving to someone who needs it. Great. However, that deduction is being taken out of the Government's hands, who would in turn, give that money to those same needy folks.

[rvablue]

21. The rich don't give to "the poor" as much as people think they do

and I'm not accusing you of this, of course, just making another point on how this meme sucks.

When charity dollars are broken down, the top two donees are churches and schools. So, the rich really give to themselves, there alma mater, so their kids will get in later, and to their kids' private schools which goes directly to their education and to their churches that pay for things they directly benefit from.

I'm not saying they don't give money elsewhere, but these are the top two check-getters, so to speak.

[leftstreet]

22. LOL The Predator Class R getting Nervous

Must be all this faux 'nationalization' and 'socialism' talk on the teevee lately.

Tough shit.

:rofl:

[Ganja Ninja]

23. Then again if taxes go up for the wealthy I might not need charity.

[Brazenly Liberal]

24. Let's assume the wealthy don't pass along 100% of what's given them to the poor.

If Richie Rich has an additional $10,000 income this year, courtesy of tax cuts from Uncle Sam, will he then donate all $10,000 to food pantries, etc? No. Better - and more efficient - for Uncle Sam to just give all that money directly to the poor and the agencies that serve them.

All of which begs the most obvious point: If tax cuts for the wealthy were an effective way to battle poverty and joblessness, why didn't the past 8 years of those cuts result in a drastic decrease in poverty and unemployment? Why did 8 years of tax cuts fr the wealthy culminate in millions of lost jobs and a frightening increase in the number of Americans who are homeless and hungry?

[trotsky]

28. BPOTT

Best Post Of The Thread. :thumbsup:

[Beavker]

32. Happening now

Even if you point out the times of 'prosperity' during the last two Bush terms, I think you could point to...RIGHT NOW! as proof if the Tax Cuts to the money whores are really helping. We're still under the same rules that Bush put in. Obama hasn't had the chance to correct all these yet. Current Tax Code=Bush's=Economy is currently in the Tank. What are those cuts doing for creating those jobs now? Even better, I work with a bunch of GOP chimps, and it amazes me they buy into those cuts. Like they are personally offended by the Rich getting taxed. None of those people make that kind of money! Sheep.

[leftstreet]

39. I wish the Talking Heads would ask their 'guests' your question

:thumbsup:

[ThoughtCriminal]

27. Oh sure - we can see how well that is working

There's so much charity, poverty is almost non-existent. NOT!

And actually, if taxes go up for the rich, charitable donations should also rise because it is one way that the wealthy use to reduce their tax liability.

[jannyk]

29. Bullshit!! Charitable contributions reduce their taxes. nt

[Beavker]

35. Okay, then change the deduction

Jack up their Taxes then increase the deduction amount for Charitable contributions. It keeps their tax payments the same, thus same $ coming in to the Fed, but it would promote more people to use this as a way to keep their taxes down. Thus leaving the Fed to need to fund programs themselves.

I'm talking out my ass, it probably amounts to a net $0 all the way around, but it sounded good. I agree with the making them donate more to get their taxes down even more. At least makes them quit complaining about how much taxes they paid. "Yeah, but the only reason my taxes were low is because I had to give to Crippled Chil...wait, that sounds bad. Taxes are fine".

[Ichingcarpenter]

33. "Bernie" Madoff anyone?

How did his Potzi scheme tie into charity giving?

[Hello_Kitty]

38. Quite a bit. Several Jewish charities were decimated.

And they did a lot of good work in the community.

[Beavker]

36. Why can't they write off Bush's tax cut as Charity.

That's basically what it is. Charity for the rich, so I'm surprised they don't write off the tax cut as a tax deduction thus getting more of a tax cut for the write off.

Hell, why tax them at all. No taxes, they'll employ the entire country. Dogs will be working for them. They won't keep that money for themselves at all... :sarcasm:

[Hello_Kitty]

37. Funny how that argument never came up in the MSM with the estate tax.

Because raising the limit on the income it covered caused charities to lose a lot of money, since many people avoided paying it through charitable trusts. If we want to see more money going to charities, bring back the estate tax at what it was before Bush.

[elizfeelinggreat]

42. Excellent !

I like that ;)

[Beavker]

43. But you're killing the American Dream

First you Tax the rich guy that died on his Capital Gains that he 'earned' by doing nothing but investing the money he already had without producing a product or providing a service. Now you want his deadbeat kid to pay a tax on the Wealth he is going to inherit for also doing nothing but being born to a rich Dad? How else is the kid going to live high on the hog without doing a damn thing to contribute to society? :sarcasm:

[JerseygirlCT]

40. Despite what they like to say, after more than 20 years in the

non-profit world, I have never been convinced that tax savings are top of the list for most people when making a charitable contribution. Are there some? Sure.

But most people give for a simpler reason: it makes them feel good. They believe in what they're giving to. They want to help. Their peers are doing it.

It may drive the decision about how to give (cash or stocks?) or even when (Dec. or Jan.?). But I'm not buying that it's a large part of the decision to give.

[Solly Mack]

41. Saute the mouthpiece who said that in butter and garlic and serve over pasta

I won't eat it but I'll for damn sure have fun poking the dish with my fork.

[seabeyond]

45. and i say they will donate more to write off so they pay less taxes. the complete opposite

of what the right proposes.

lets do it and see who is right.

[lib_wit_it]

47. I'd like to know what percentage of such charities would not be needed if the rich hadn't become

obscenely wealthy.

Plus, what percentage of donations come from the not-wealthy.

[Cleita]

48. Also, charitable contributions are still deductible on taxes the last I heard.

This has had the effect in the past of increasing donations for the tax write offs.

[nadinbrzezinski]

49. They are actually trying that talking point? Amazing...

oh wait, they tried that in the 1930s too

[Beavker]

50. Right now on CNBC

Talking head stuffed shirt Wall Street turds bashing the Stimulus Bill. "there's no stimulus whatsoever in the stimulus package, Tax cuts are what we need". Sounds like someone is getting a tax hike and is pissed.

People. These are the individuals that are out there moving the markets. Guys like this. Convery to your broker that you are unhappy with the tone of his cohorts. We understand the down market, it happens. But their constant bitching about our overwhelmingly elected President's Administration is pissing me off!

[juno jones]

51. Tax money could be spent on the poor without the intervention

and public charity of the rich. Wouldn't it be nice to cut out the middleman in this case? Let us take care of our own without regard to whether the rich can assuage their conscience by giving to the 'deserving' poor.


Oh Waaah.

[neverforget]

52. More trickle down theory