Posts tagged 1%
Posts tagged 1%
Peter Buffett, “The Charitable Industrial Complex" | The New York Times, July 26, 2013
This thought-provoking editorial about the ultra-rich reinforcing global inequality by supposed “charitable” endeavors is a must read.
An ad in The Economist, directly appealing to the 1% and how hard they work.
Just about every ad in The Economist is this one. Legit. Andrew and I received a subscription as a wedding present and don’t get me wrong — it’s interesting and we enjoy it. However, the ads feel like fascinating, slightly uncomfortable anthropological research.
Seriously. Movies.com has the story:
George Lucas’ rich neighbors don’t want him building a movie studio in their backyard. His response is the best thing he’s done in years.
According to the San Francisco Chronicle, for four decades Lucas has owned a large swath of land in Marin County in the North San Francisco Bay and has spent the past few years trying to transform the ranch on it into a massive, nearly 300,000 square foot, state-of-the-art movie studio complete with day care center, restaurant, gym and a 200-car garage. His neighbors, however, have rejected it every step of the way. Despite the promise of bringing $300 million worth of economic activity to the area, the already-well off neighbors are worried about years’ worth of construction activity and the additional foot traffic it will bring into their neighborhood once completed.
So what is George Lucas going to do with his property now that he’s tired of his rich neighbors putting up a not-in-my-backyard stink? He wants to transform the property into low-income housing, naturally, ending their official statement with this zinger, “If everyone feels that housing is less impactful on the land, then we are hoping that people who need it the most will benefit.”
He’s working with the Marin Community Foundation to instead construct affordable housing for either low-income families or seniors living on small, fixed incomes. In order to smooth along the development, he’s already given them all of the pricey technical studies and land surveys Lucasfilm spent years conducting. And we think that’s just great. Because if there’s one thing rich people will hate more than having movie magic made in their backyard, it’s poor people moving in.
Dude. I take back every terrible thing I have ever said about George Lucas. Well, almost. There’s the whole trilogy issue, but really… Bravo, sir.
Here’s what we’ve all been waiting for, folks:
The couple gave away $7 million in charitable contributions over the past two years, including at least $4.1 million to the Church of Jesus Christ of Latter-day Saints.
The Romneys sent somewhat less to Washington over that period, paying an estimated $6.2 million in federal income taxes. According to his 2010 return, Romney paid about $3 million to the IRS, for an effective tax rate of 13.9 percent.
For 2011, Romney estimates that he will pay about $3.2 million, for an effective rate of 15.4 percent. That’s in line with his earlier estimates, but sharply lower than the rates paid by President Obama and Romney’s closest Republican rival, Newt Gingrich.
Here’s some perspective for you.
The Romneys paid a comparable tax rate to what a person living below the poverty line could pay. The poverty threshold for a single person is $10,890. Due to tax credits and deductions, people at that level would typically get a refund - if they fill out their taxes correctly or pay someone to do it.
Because of tax credits and deductions, the Romneys were able to take that tax rate and make it their own.
No wonder he kept emphasizing he paid only what he “legally” had to pay. At least Gingrich was much closer to the nearly 35% tax rate for his income bracket.
By asking to Mitt Romney and similarly situated people to pay more in taxes, we’re not punishing success. We’re asking them to pitch in their fair share. If Romney wants to push for a bigger military, well, then I’m going to push for higher taxes. He can damn well pay for it. After all, my tax burden is heavier than his, since we’re apparently paying in at the same rate.
Mitt Romney, in one of the most telling, jaw-dropping exchanges of the night at the South Carolina Republican CNN Debate.
Let me reiterate: Romney says if he releases his tax returns now, he may not beat Barack Obama. If he thinks that will quash speculation about his taxes, Romney’s sorely mistaken.
Mitt Romney, on Wednesday’s Today Show, discussing criticism of Wall Street and the rich. In other words, “Hey, poor people. Y’all are just jealous.”
Funny that. A Pew Poll released yesterday shows nearly two-thirds of the public (66%) believes there are “very strong” or “strong” conflicts between the rich and the poor—an increase of 19 percentage points since 2009. Also, participants identified the conflict between rich and poor as the largest, strong source of conflict in society:
If Romney is to be believed, at least two-thirds of Americans are just jealous.
Mitt Romney totally understands the struggles of the working class. He talked to one of their ambassadors once as he got his shoes shined next to a private jet. </sarcasm>
Remember George Romney’s advice to his son, Mitt: “Never get involved in politics if you have to win election to pay a mortgage.”
(h/t to @Shopaholic_918)
Update: I got a message from someone who said he might be getting wanded here via private security check. Either could be possible, but I might need new glasses. Thanks Kelly!