Topic: Wealthiest Americans
X Comments Last updated: 2015-02-17 09:02:51
As Christians, are we showing a public image of love and grace? Or do non-believers see us as judgmental, critical and selfish? Read More...
In an 84-page document which is essentially the official platform for his papacy, Pope Francis beseeches politicians to guarantee all citizens "dignified work, education and healthcare". He condemns an economy of exclusion and inequality. Read about his first year.
In a message to more than 2,500 participants at the annual World
Economic Forum, the pontiff urged industrialists and bankers to promote
inclusive prosperity, but stopped short of chiding them for excesses
laid bare by the global financial crisis.
This is one of a list of purported "Marxist" quotes made by Hillary Clinton, all taken out of context or otherwise skewed. This quote was actually from a fundraiser speech Clinton gave to relatively well-to-do Democrats.
This comprehensive editorial reviews a wide range of trends to explore this issue.
The data show wealthy Americans are not universally Republican, though they tend to lean and vote that way. Cruz never really explains why he believes this is the “biggest
lie.” Instead, he attacks President Obama for presiding over an increase
in income inequality and says that the president’s policies, such as
the health-care law, have negatively affected “young people, Hispanics,
African Americans, single moms.
Charles Koch personally gave
more than $50,000 to candidates and political committees donations prior
to 2004. And collectively, his brother and the PAC of the company they
own directly supported candidates and political committees to the tune
of $7 million over the same period. He has also spent mega-dollars on
"educational" and lobbying efforts.
According to Forbes, Charles and David Koch rank second internationally to six members of the Walton family.
Generation Opportunity, a Koch brothers-backed group, didn’t bribe students, but they did offer alcohol
to young people at Opt-Out events near college campuses, to encourage young people to consider buying health insurance other than the Affordable Care Act.
Americans for Prosperity, the political organization founded by the Koch brothers, has never received higher than a Half True on any of the 13 ads reviewed by the PolitiFact national team. Four were false; five were mostly false; and two were rated pants-on-fire. That averages to a composite score of between false and mostly false.
It’s ridiculous to suggest that donors who contributed less than 1
percent of his warchest weighed more heavily on his vote than his
ideology, his past campaign promises and his partisan affiliation.
Koch Industries operates over 100 plants across the country. According
to one ranking, it is not responsible for the most significant releases
but it does land within the top 30 on one list and the top 15 on
An application must be submitted to be considered enrolled. Some insurance companies accept payment online, and others mail statements. Most states require a month grace period. Trump has oversimplifed a highly regulated private industry.
PolitiFact analysis suggests about 200 items should be knocked off of the list that is attached to this claim,
because they are duplicate items that show up in multiple budgets. Many other items were proposals that cannot be considered tax increases. Seventy percent of claims by this group are rated partly false or pants-on-fire.
Tanden was commenting on the Supreme Court’s 6-2 decision allowing states to effectively ban affirmative action. She accurately reflected the findings of a much publicized report, however some other studies show slight differences.
A study from the Urban Institute supports her statistic. Other research
shows an even wider gap, further proving her point that race is a factor
in U.S. wealth.
Americans for Prosperity, the limited-government group sponsored by the Koch brothers has spent
$35 million attacking Democrats over the Affordable Care Act, but their new expensive ads are false.
Of the top 400 wealthiest Americans, exactly one is African-American, Oprah Winfrey --
that’s 1/4 of one percent. Also, no other African-American is really all that
close to breaking into the Top 400.
Politifact experts took some issue with her loose characterization of "too big
too fail" but her underlying point
is largely accurate and verified by financial facts.
Other than an excise tax on high-cost plans, the Congressional Budget Office Report that he refers to showed how more high-income earners
will have to pay
taxes over time
, but most of the middle class wouldn’t be affected,
even 25 years from now
Pope Francis, who has always championed the poor and vulnerable, said “Our needs, even if legitimate, will never be so urgent as those of the poor, who lack the necessities of life,"
True, however tax rates and rules have changed. Most business income is now taxed through the individual income tax code, rather than the corporate code. Between 1980 and 2010, business income income has increased fivefold, from $320 billion to more than $1.6 trillion.
Global warming, according to Klein's book, This Changes Everything
, is not about carbon—it’s about capitalism. Our economic model is waging against life on earth.
Our environment is loosing the battle to corporate profits.
Currently income earned from stock dividends and capital gains is taxed at rates far lower
than ordinary income from work. This increases income inequality and penalizes the middle and working class. Even with lucrative loopholes corporations are fleeing overseas to pay even less.
"Historical analysis shows that for most of the century, including some boom times, top-bracket income tax rates were much higher than they are today.".. "History shows super-high tax rates on rich people do not appear to hurt the economy.".. "Periods of very low tax rates have been followed by periods with very high tax rates, and vice versa. So history suggests that tax rates will soon start going up."
"Income and wealth inequality are near their highest levels in the past hundred years." Her comments come after the Swiss bank Credit Suisse recently warned
that inequality in the U.S. is at levels that have been associated with
recessions in the past.
In fact, Obama has on multiple occasions proposed changing the tax code
so that it complies with the "Buffett rule," which attempts to ensure
that high-income people pay a certain percentage of their income in
taxes that is at least higher than what middle-class people pay.
According to one measurement, the bottom 90 percent of American earners had a lower income in 2012 than they had 30 years ago.
She’s arguing that middle-class wages haven’t
increased enough over the past couple decades.
Campaigns are still discovering how they can exploit the freedom from
regulation that the Supreme Court has granted since its Citizens United
decision in 2010. NY Times suggests that Instead of debates among the candidates, let's go straight to the top — and ask for debates among their billionaire donors instead.
All over the world countries are trying to stop nicotine addiction, but tobacco companies are delaying or
blocking implementation of
anti-smoking laws in poorer countries by tying them up in litigation, saying that their tobacco
laws violate an expanding web of trade and investment treaties.
Democrats allied with Hillary Rodham Clinton
are mounting a nationwide legal battle seeking to single out voting laws in Texas
Carolina, New Jersey
, Ohio and Wisconsin
participation, especially among minorities, the poor and younger voters,
who disproportionately cast their ballots for Democrats.
Presidential candidate and Sen. Lindsey Graham is furious about Fox News' rules for the first GOP primary debate
. Graham said Fox's poll-driven process is "destroying" the opportunity for all
of the scrappy, underfunded candidates to win over voters in the small,
early primary states.
"Sen. Rubio’s (tax plan) would cut taxes for households making around $3 million a year by almost $240,000, which is way more than three times the earnings of a typical family."
In March 2007, before the depression gained traction, Clinton began addressing the subprime mortgage issue; warning about risks of derivatives; cracking down on subprime mortgages; and asking for improved financial oversight.
Sander's claim repeats a finding from a study by two internationally known
economists that were supported by two other major economists PolitiFact
contacted. The study has been criticized for not
including Social Security in the wealth calculations.
In the GOP debate, Trump said that he gave money to other candidates for favors. When asked for examples, he said Hillary Clinton when to his son's wedding. (We hope other political favors will be revealed soon.)
The report says that Koch and other oil and gas pipeline companies caused destruction of wetlands south of New Orleans,
eliminating New Orleans' "natural protection, and exacerbating the damage done when Katrina hit, .They continue to oppose reform legislation.
Rolling Stone's Tim Dickinson explores the literally toxic—business that earned the Kochs enough money
to buy up an entire political party. They include a wrongful death
judgement, six felony and numerous misdemeanor convictions, the tens of
millions of dollars in fines, and trading with Iran. The Koch brothers don't argue the facts in Dickinson's story, instead they attack the author.
Jim Wallis, who spoke to the Parliament of the World's Religions
said, if you believe that every human being regardless of religion or nationality, is made in the image of God, is a child of God, and if you believe in loving your neighbor then income inequality is a spiritual issue, a moral issue,
and a religious test of our belief. We can address inequality through human dignity, stewardship, and the common good.
None of the three Democrats running have proposed raising taxes except of the very rich, and there is no reasonable evidence that they would. Hillary says she wants to raise taxes on only those making over $250,00 per year.
The fact is that he has been began bragging about his veteran donations since January, and was broadcasting it, but after reporters found that most of the money had not been paid to known veteran groups by May, he began trying to blame the press.
Reports from respected nonpartisan research groups calculate that the
0.1 percent -- those making more than $3.7 million per year -- would
receive 18 percent of the tax cuts under Trump’s proposal. The bottom 60
percent of taxpayers, meanwhile, would enjoy only 16.4 percent of the
The Washington Post
found that of the 167 charities to which
Trump had pledged money since 2008, only one donation was actually on
the books -- for less than $10,000.
In May 2016, under pressure from the news media, Trump made good on a pledge he made to veterans, four months earlier: For 15 years Trump has publicly pledged to donate through his various enterprises: “The
Apprentice.” Trump Vodka. Trump University. Etc.If he
had honored all those pledges, his gifts to charity would have
topped $8.5 million. He set up a foundation to funnel donations, but hasn't donated to it since 2009.