And he also takes a chance that he may lose more in one day that a regular person will in his entire life time. all your comments do is show your jealousy of someone that has made and still continues to make his fortune. I notice you never say anything about Soros that illegally pours money into dem coffers.
You're probably a prime example of who votes for these guys.
Paying 25-36% income tax and you have no problem with a guy making 25million/year paying 13.9%
Let's tax soros the same way...
Income should be income, period.
it's no surprise this clown made his $$$ when the US was 1st in the "American Dream" ie upward mobility, currently we're 37th! and don't fool yourself that this guy wants to remain on top/#1 and keep the regular man down! he doesn't want some guy making 50k/year to ever make 25mil/year.
I guess that's what they have in common with the common man...
btw he's not in the 1%, he's in the 0.006%
under Reagan he would have paid 20-28% income tax on capital gains.
In 2008 he invested 30 million of his own money on his bid for the white house.30 million, so he can collect a presidents salary for 4 years??can you say (political favors) and folks wonder why this country is headed down the toilet.wonder how much of his money he invested this year!
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Talk sense to a fool and he calls you foolish
Jealousy has no bounds. Neither does ignorance when it comes to understanding basic economics.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
I can't understand why the same people who jab Romney for his money, which he earned legally, give bho a pass for his deals with Resco and such. Where did he (bho) get his money? He never had a legitimate job in his life.
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"We can have no '50-50' allegiance in this country. Either a man is an American and nothing else, or he is not an American at all."-- Theodore Roosevelt
A wise man's heart is at his right hand; but a fool's heart at his left. Ecclesiasties 10:2
The last four letters in American..........I Can
The last four letters in Republican........I Can
The last four letters in Democrats.........Rats
You're probably a prime example of who votes for these guys.
Paying 25-36% income tax and you have no problem with a guy making 25million/year paying 13.9%
Let's tax soros the same way...
Income should be income, period.
it's no surprise this clown made his $$$ when the US was 1st in the "American Dream" ie upward mobility, currently we're 37th! and don't fool yourself that this guy wants to remain on top/#1 and keep the regular man down! he doesn't want some guy making 50k/year to ever make 25mil/year.
You've been proven very wrong when it has come to your facts, or lack there of regarding income mobility. I've responded directly months ago to your attack on that subject only to have to simply move on to your nonsense. So let's see your link claiming this 37 th number.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
You've been proven very wrong when it has come to your facts, or lack there of regarding income mobility. I've responded directly months ago to your attack on that subject only to have to simply move on to your nonsense. So let's see your link claiming this 37 th number.
Mitt Romney makes more in 1 day than the avg american makes in 1 year!
Goes to show the difference between a Republican and a Democrat. As a Republican my thoughts were along the lines "WOW! How did he do it? How did other rich people make their money? What can I learn from them and what can I do to make that kind of money?"
Apparently a Democrat is jealous of financial success.
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Summary
This study examines income mobility of individuals over the past decade (1996 through 2005) using information reported on individual income tax returns.
While many studies have documented the long-term trend of increasing income inequality in the U.S. economy, there has been less focus on the dynamism of the U.S. economy and the opportunity for upward mobility. Comparisons of snapshots of the income distribution at points in time miss this important dimension and can sometimes be misleading.
Economic historian Joseph Schumpeter compared the income distribution to a hotel where some rooms are luxurious, but others are small and shabby. Important aspects of fairness are that those in the small rooms have an opportunity to move to a better one, and that the luxurious rooms are not always occupied by the same people. The frequency with which people move between rooms is a crucial aspect of the trends in income inequality in the United States.
The key findings of this study include:
• There was considerable income mobility of individuals in the U.S. economy during the 1996 through 2005 period as over half of taxpayers moved to a different income quintile over this period.
• Roughly half of taxpayers who began in the bottom income quintile in 1996 moved up to a higher income group by 2005.
• Among those with the very highest incomes in 1996 – the top 1/100 of 1 percent – only 25 percent remained in this group in 2005. Moreover, the median real income of these taxpayers declined over this period.
• The degree of mobility among income groups is unchanged from the prior decade (1987 through 1996).
• Economic growth resulted in rising incomes for most taxpayers over the period from 1996 to 2005. Median incomes of all taxpayers increased by 24 percent after adjusting for inflation. The real incomes of two-thirds of all taxpayers increased over this period. In addition, the median incomes of those initially in the lower income groups increased more than the median incomes of those initially in the higher income groups.
The degree of mobility in the overall population and movement out of the bottom quintile in this study are similar to the findings of prior research on income mobility.
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John Adams “The moment the idea is admitted into society that property is not as sacred as the laws of God, and that there is not a force of law and public justice to protect it, anarchy and tyranny commence.”
Ronald Reagan: 'Everybody that is for abortion has already been born'
"I never said I was worth it. I only said I wouldn't do it for less " William F. Buckley Jr.
Mitt Romney makes more in 1 day than the avg american makes in 1 year!
