Monday, November 26, 2012

Warren Buffet: A minimum tax for the the wealthy

Millionaires and billionaires shouldn’t be able to lobby their way out of paying their share of America’s bills.

Warren Buffet | newyorktimes.com | 25 Nov 2012

"...we need Congress, right now, to enact a minimum tax on high incomes. I would suggest 30 percent of taxable income between $1 million and $10 million, and 35 percent on amounts above that.

"A plain and simple rule like that will block the efforts of lobbyists, lawyers and contribution-hungry legislators to keep the ultrarich paying rates well below those incurred by people with income just a tiny fraction of ours. Only a minimum tax on very high incomes will prevent the stated tax rate from being eviscerated by these warriors for the wealthy.

The whole story:

Thursday, November 15, 2012

Secessionists can self-secede by renouncing their citizenship

Gary Norton @ Daily Kos
14 November 2012

Federal law provides an easy process for people to renounce their citizenship. There are a few requirements, but they are easily met. All they have to do is appear in person before a U.S. consular or diplomatic officer in a foreign country (normally at a U.S. Embassy or Consulate) and sign an oath of renunciation.

Sure they will have to pay all the taxes they owe and a special tax penalty under the Heroes Earnings Assistance and Relief Tax Act of 2008. But that's a tiny price to pay for freedom from the United States and its evil Kenyan, Socialist, post hoc colonial, communist President and all those who voted for him.

The whole story:

Sunday, November 04, 2012

Former TARP special inspector Neil Barofsky on the need to tackle Banking Reform | Bill Moyers

Former TARP special inspector Neil Barofsky joins Bill to discuss the critical yet unmet need to rein in big banks.