Stephen King on American Taxes

[Shell B]

http://www.thedailybeast.com/articles/20...-sake.html

Here’s another crock of fresh bullshit delivered by the right wing of the Republican Party (which has become, so far as I can see, the only wing of the Republican Party): the richer rich people get, the more jobs they create. Really? I have a total payroll of about 60 people, most of them working for the two radio stations I own in Bangor, Maine. If I hit the movie jackpot—as I have, from time to time—and own a piece of a film that grosses $200 million, what am I going to do with it? Buy another radio station? I don’t think so, since I’m losing my shirt on the ones I own already. But suppose I did, and hired on an additional dozen folks. Good for them. Whoopee-ding for the rest of the economy.

[downbeatplumb]

Thats it.
rich people get rich by hanging on to their money.
Its poor people who spend all they have, keeping it in circulation.

[Shell B]

Well, not Stephen King. In New England, he's known as a bit of a giver. Every so often, I read about some little league team or hospital that got a King windfall.

[5thHorseman]

Higher taxes create jobs. You raise taxes, the cheap asses re-invest their monies into their businesses to avoid the tax and grow instead. Didn't anyone pay attention to why the economy grew and unemployment shrunk under Clinton? Under his Presidency the rising taxes bought about 23 million jobs. Bush walked into an economy with a $250bn surplus, cut taxes massively put the country into deficit and had a recession. Why do the right wingers not acknowledge this. Oh, because the CEO's who donate to them want to pay themselves more, because lining your own pockets is all that matters to the fruitloops.

[downbeatplumb]

Well, not Stephen King. In New England, he's known as a bit of a giver. Every so often, I read about some little league team or hospital that got a King windfall.

And bill gates has given most of his fortune away, there are always exceptions.

But on the whole what i said holds true.

[5thHorseman]

I saw somewhere that Bill Gates, if he hadn't given so much away, would be worth nearer $80bn now. Fucking amazing.

[downbeatplumb]

Who'da thought something good would come out of microsoft!

[Shell B]

And bill gates has given most of his fortune away, there are always exceptions.

But on the whole what i said holds true.

Oh, I completely agree.

You know the hitting it rich fantasies we peons tend to have? I always imagine myself hitting every toy store from here to the Boston Children's hospital and playing Santa Claus every day for a fucking month, though I know that hardly helps the masses. Who knows what I would really do.

[5thHorseman]

I just googled peon. Excellent word Shell.

[Shell B]

Thanks, 5th.