I find it endlessly fascinating that these greedy multimillionaires are so distraught when average Americans propose that they pay their fair share toward restoring the economy. Now wealthy junk food magnate, Herman Cain, has joined the battle to declare that President Obama is a liar and that his rhetoric is bullshit:
This item posted on Fox Nation goes on to describe Cain’s view that taxing him and his ilk is equivalent to “highway robbery.” He further complains about having to listen “to all this bullshit that [Obama’s] talking about, ‘fairness’ and ‘balanced approach’ to get this economy going.” It’s nice of him to admit that he regards a balanced approach as bullshit. As the winner of the Florida Republican Party’s straw poll this weekend, we know that his position reflects the party.
And, have you noticed, they only call it class warfare when we fight back?
Correct me if I’m wrong but I believe when this loser took the reigns at Godfather’s Pizza they damn near went bankrupt on his watch. At the least I know their stock plummeted and the company ended up closing many stores. This needs to be looked into more thoroughly. Herman Cain is nothing but and uncle tom sell out.
Randy, You are exactly correct and JD Chandler is absolutely wrong. I gave you and JD Chandler all the links you will need to see that the Federal Reserve Banker, Herman Cain, is nothing short of a snake oil salesman.
Actually, Randy, you ARE wrong. Mr. Cain did not go to work for Godfather’s Pizza until AFTER it was headed for the bankruptcy courts and had already closed many stores. His business sense is what turned Godfather’s, as well as several other businesses, around and helped them regain their reputation as leaders in the food industry.
As for him being a millionaire? Have you truly studied WHERE he came from? His father worked 2 jobs, one as a janitor, and his mother was a domestic worker. He is not from ANY ‘OLD’ money! Along with his parent’s help, Mr. Cain put himself through college, graduated and went to work. Every penny this man has earned has been due to his own hard work. Nothing more. And finally, his work at the Federal Reserve was not as a ‘federal employee’, but as a civilian who, along with others, oversaw the workings of the Fed. Reserve. But like he has been so many times in the debates, his advice was often overlooked and ignored.
Mr. Cain’s record speaks for itself, IF you would care to actually study it to any depth or degree. He is a self-made man, a hard worker, an honest, straight-forward man and thank God, NOT a career politician!
Obama IS a LIAR, a fence-rider and a total disgrace to this Nation. Obama wants to tax the workers to death while giving freebies to the masses of lazy-assed do-nothings & illegals. HIS record is stuck in bullshit!
You people are such servile bootlickers. Go suck some capitalist koch you pathetic class traitors.
FYI: If I complain about right-wingers not contributing civil discourse on this blog, I have to apply the same standards for you. Let’s be better than they are.
JD Chandler you are wrong and you’re the one that needs to do the research. You can’t trust wiki because Cain and his people wrote it. I posted the links so that you could better educate yourself but it would not let me double post. So look at the links further down under my reply to Randy and you will realize you’ve been duped:)
This is from Wikipedia. After completing his master’s degree from Purdue, Cain left the Department of the Navy and began working for The Coca-Cola Company as a business analyst. In 1977, he joined Pillsbury where he rose to the position of Vice President by the early 1980s. He left his executive post to work for Burger King – a Pillsbury subsidiary at the time – managing 400 stores in the Philadelphia area. Under Cain’s leadership, his region went from the least profitable for Burger King to the most profitable in three years. This prompted Pillsbury to appoint him President and CEO of Godfather’s Pizza, another of their then-subsidiaries. Within 14 months, Cain had taken Godfather’s Pizza from 911 stores to 420 stores and put thousands out of work. As a result of his efforts Godfather’s was profitable for a short time. In a leveraged buyout in 1988, Cain, Executive Vice-President and COO Ronald B. Gartlan and a group of investors bought Godfather’s from Pillsbury. Cain continued as CEO until 1996, when he was asked to resign by the board. Later that year he became CEO of the National Restaurant Association – a trade group and lobby organization for the restaurant industry – where he had previously been chairman concurrently with his role at Godfather’s.[10]
Looks like he did a good job for BK but GF profitability was brought about by closing half of their stores, “for a short time” and the board asked him to resign. He must have been too competent for them?
See These Links For The Real Facts. Herman Cain And His People Wrote The Wiki Page And It Can’t Be Trusted:
http://jayraskin.wordpress.com/2011/06/09/complete-godfathers-pizza-sales-figure-from-the-herman-cain-years/
http://jayraskin.wordpress.com/2011/10/14/checking-the-fact-checkers-on-herman-cain-and-godfathers-pizzas/
http://jayraskin.wordpress.com/2011/10/16/not-checking-the-facts-on-herman-cain-and-godfathers-pizzas-part-2/
Also, see this link for many more facts on Herman Cain the Con Man:
http://www.facebook.com/pages/Herman-Cain-What-He-Doesnt-Want-You-To-Know/209371235800513?sk=wall
http://motherjones.com/politics/2011/05/herman-cain-aquila-lawsuit-2012
Actually, it’s the Republicans who want to “tax the workers to death while giving freebies to the masses of lazy-assed do-nothings,” a/k/a trustfunders, “the investor class” and the spoiled rich.
So you know I’m addressing something specific in your post:
“I find it endlessly fascinating that these greedy multimillionaires are so distraught when average Americans propose that they pay their fair share toward restoring the economy.”
Can you please define for me the often used statement “pay their fair share” – what exactly is their fair share? It would help to understand your perspective if a definition for this is provided.
Well if you’re going to support some kind of policy regarding peoples “fair share”, you should have some idea as to what that is. You ridicule a candidate and a specific group of americans for not “paying their fair share” and yet you can’t even define it.
This article contains data on the relative tax burdens over time.
That piece has so many falsehoods in it, I do not know where to begin. The discussion is regarding federal individual income taxes. The author attempts to confuse the subject by tossing in State Taxes, SS Taxes, Corporate Taxes, etc. Each has its own set of complexities making it impossible to respond.
For example, SS Taxes are supposed to pay for retirement income. This has no direct relationship to Federal Income taxes, which are used to pay for government operations, like defense and Federal programs. However, if you want to convert SS to purely a Welfare program, paying only for needy people, then we should terminate the SS program completely and fund it from the Federal Budget.
The conservative view on Federal Income taxes is that you should not raise the top marginal tax rates, because it is a disincentive to economic growth. Further, it is dishonest to suggest that the rich are not paying their “fair share” when 50% of Americans are not paying any Federal income tax at all.
My final point is that liberals were deeply critical of the Bush tax cuts, arguing that they disproportionately favored the rich and they rob the government of needed revenue. But the truth is that a reversal of ALL the Bush tax cuts would raise tax revenues about $370 Billion per year, of which only $70 Billion is from those making over $250K. If liberals were unselfish, they would be demanding the reversal of ALL the Bush tax cuts, including the $300 Billion per year from the “middle class”. Politically, I kinda wish they would pass such a thing, just to prove how catastrophic such a tax increase would be on the economy.
First of all, there is nothing in that article that is false, and you didn’t even bother to point out a single falsehood. And I didn’t confuse the subject between federal and other taxes – I clarified it! Many of the quotes I posted do not make that distinction at all.
Secondly, you are simply ignoring the fact that for the past thirty years tax cuts have disproportionately benefited the wealthy and tax increases have disproportionately harmed everyone else. It’s time to rectify that unfairness. The rich, so-called “job creators” have had their tax cuts from Bush (which were meant to be temporary) for ten years and they haven’t created any jobs.
FYI: The biggest contributor to our deficit is the Bush tax cuts, followed by the economic downturn and the Iraq and Afghanistan wars.
I read the articly you provided in the link and it really doesn’t answer the question of what “fair share” means. I could assume you mean that tax levels go back to whatever they were when YOU felt the portion of all taxes paid by the wealthy and corporations was at the levels provided in the article.
Philosophically I don’t agree that one group of americans should be responsible for a disproportionate part of the taxes – although in dollar terms, it’s hard not to have the “rich” and corporations to pay the lion share of taxes because they have more money in general, but I would argue a “fair” tax (or share of the taxes) is more along the lines of a flat tax with NO deducions where all income – regardless of where it comes from – is taxed at the same rate. I would bet people would take the government size and and its cost more seriously if they weren’t being fed this BS that just the rich can pay more and solve the problems we have.
If only things were simple enough to be a tax issue, but that is the way we initially structured it, so it is all of our fault as US citizens. used to be the top earners paid close to 90 percent of their income above a certain level, so it made sense to invest in their business and hire people rather than take it home in direct profits. These days there is no penalty for taking direct profits as most major corporations pay nothing in taxes and often actually get paid by the government to do so. A progressive ta system is the way we used to do it, but we aren’t doing it anymore and face it, nobody likes taxes so it’s an easy issue to demagogue. The rich do pay more than people like me who survive on less than 12 thousand a year, (so far this year I’ve only made 4K, and last year it was 8K that’s net mind you, and does not include my expenses which are generally work supplies, food and housing) my federal income taxes are basically nonexistent, but I never file, if I did the US government would owe me over 100K because of the tax structure. If I took advantage of the tax system rather than ignored it, everyone would be worse off. But it is my right to do so. rich people just play it the other way, they are more important than I am so they take as much as possible from the system. The easy way to fix it would be to increase taxes on the wealthy(including the estate tax) but it’s clear that deregulation and lowered taxes only hurt the commons of our society. Those who are incapable of doing more are increasingly asked to do more while those who could help the most are given tax breaks. Yes I game the system by making less than I am capable of earning, but then ignore it so that I live on my own terms. It used to be that businesses do that as well, but now days it all goes to ceo pay and shareholders payouts rather than jobs, and that is fundamentally a taxation issue. if you have a better idea please post it. I’ll be happy to do some work for free, I’ll make it a petition and assuming it is a good idea I will get plenty of signatures, more than enough to petition congress.
I guess people need to decide what is the purpose of the tax system – is it strictly to collect money to operate government, is it to promote certain behaviors, is it to punish people who make too much or is it to redistribute wealth in this country? It sounds, sometimes, like it’s being used to punish the rich, which may or may not be Herman Cains issue – I don’t know.
Wonder how many millionaires and billionaires served for our country in Iraq and Afganistan? Seems to be zero% with all the heavy lifting done by the lower middle class and minorities paying the ultimate sacrifice. Repubs seem to be very keen to say that majority don’t pay income tax and ignore this fact.
Randy, apparently you have difficulty reading beyond what you want to see? The reality is that if you do not turn the company around from unprofitable to profitable, ALL the stores would close. He clearly saved the company. Further, did you happen to notice that he participated in the buyout of the company, backed by investors who obviously believed in him.
I am still trying to find out the info regarding why he was later asked to resign. Does anybody have any contibution?
What about those who do not join the military? Shouldn’t they pay income taxes before demanding more contribution from those that do?
What exactly does that have to do with anything – are you suggesting service as a prerequisite for something? Should the commander in chief have served before being permitted to be president?