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View Diary: They Are the 1% - A Really Scary Follow Up (95 comments)

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  •  And then there's the 1% of the 1% of the 1% (6+ / 0-)

    The Billionaires Who Would Pick the President of the United States: Charles and David Koch, Kenneth Langone and Paul "The Vulture" Singer

    Truly frightening and evil bastards.

    "I wish I could tell you, in the midst of all of this, that President Obama was waging the kind of fight against these draconian Republican proposals that the American people would like to see. He is not." -- Senator Bernie Sanders

    by Sagebrush Bob on Sun Oct 09, 2011 at 10:26:50 PM PDT

    •  Following up on the above (5+ / 0-)

      Über-Vultures: The Billionaires Who Would Pick Our US President

      There's one thing that every billionaire wants: another billion. And that's threatened by Obama's plan to tax the "carried interest" tax deferment.

      Guys like Singer and Langone don't pay taxes like you and I do. While we pay taxes on income, the profits from vulture speculation and arbitrage are often recorded as "carried interest," effectively not taxed. It's a billion-dollar benefit for the billionaires, and every Republican candidate has sworn to keep this loophole open and make sure you and I pay Singers' taxes for him.

      Unfortunately for Singer, the Kochs and Langone, the GOP candidates currently kissing the billionaires' behinds don't seem electable.

      So the Billionaire Boys Club prodded Gov. Christie, a bully-boy from Jersey, to muscle his way into the Oval Office. Christie didn't fly, no surprise. But whether they pick the GOP candidate or retreat to their old tactics of smear-from-the-rear, the fragile thing called democracy stands little chance against the tsunamic powers of the quartet's combined checkbooks.

      "I wish I could tell you, in the midst of all of this, that President Obama was waging the kind of fight against these draconian Republican proposals that the American people would like to see. He is not." -- Senator Bernie Sanders

      by Sagebrush Bob on Sun Oct 09, 2011 at 10:48:39 PM PDT

      [ Parent ]

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