Archive for October 19th, 2011

October 19, 2011

Are You In The 1%? Find out Here.

October 19th | by Hillary Reinsberg

There’s a lot of confusion about Occupy Wall Street — “What is this movement even about?” many have asked. But what about that message of the 1% versus the 99%? What, after all, makes you part of the 1%? It’s actually less than you may have thought.

The Wall Street Journal put together a “percentage” calculator that allows you to enter your annual household income and find out what percentile you fall it.

So what does it take to be a part of the 1%? Around total household income $507,000 a year. Though half a million dollars a year is a huge amount, it’s important to recognize this means the 1% isn’t just relegated to famous Wall Street CEOs. There are bankers and traders in their late 20s Wall Street who easily make that much. Surgeons and dentists can make that much as well. We don’t want to politicize anything here — it’s just something worth noticing and observing.

Interestingly, there was debate a few years ago about a $500,000 a year “salary cap.” There was lots of outrage over it, but if you think about it, it theoretically only would have affected just over 1% of people. Again, just interesting to observe.

1% aside, wondering how you might stack up? What percentage do you fit in to?

Even those not making half a million are still in higher percentiles than you might expect. $1,000,000….$99.5%
$250,000…..96%
$100,000…..81%
$50,000……56%
$30,000……37%
$20,000……25%

The 50% mark, by the way, is at $43,000. Are you surprised by where things really fall?

via Are You In The 1%? Find out Here. | Mogulite.

October 19, 2011

What do the Nazis, Communists, Democrats, Socialists, Chavez, Obama, Khamenei and Pelosi have in common? Occupy Wall St.

Vodpod videos no longer available.

By Jeffers M. Dodge 10-19-2011

Isn’t it interesting that the Left Wing Media always find it indignant whenever someone from the Right calls Obama and his cronies Nazies, Communist or Fascist? Now it seems that their silence, in regards to these ‘has been’ neo-fascists political parties joining forces with their Occupy Wall Street comrades, is a tacit endorsement.

October 19, 2011

STEVE WYNN Goes On Big Rant About Occupy Wall Street, Obama, Deficits, And Anger At The Government

Classic.

On the conference call for Wynn Resorts, CEO Steve Wynn went on a big rant on Occupy Wall Street, Obama, and deficits.

Here are our notes in raw form. It’s all mostly paraphrased.

In a nutshell, he says: Deficits are killing us, our dollars are worthless, and the Democrats are bankrupting the country and vilifying anyone who’s successful. So naturally, people are protesting.

———–

It’s very interesting about the folks who are occupying Wall Street.

That group is quite diverse.

There are people in there who think the government should give them more just because they are alive.

There are people who are opposing government spending.

via STEVE WYNN Goes On Big Rant About Occupy Wall Street, Obama, Deficits, And Anger At The Government.

October 19, 2011

The 999 Tax Plan is explained simply by Herman Cain.

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By Jeffers Dodge 10/19/2011

The 999 Tax Plan is explained simply by Herman Cain.

How this will effect lower income people? Will it lower prices to offset higher taxes? Yes. The embedded taxes incurred durring production of a product will no longer add to the price of the goods and services. The result: lower prices due to competition.

There will be no tax on the purchase of used goods.

There will be no payroll tax paid by the employer to the government as a cost of hiring an employee. The employer will have a choice of either passing that savings onto the customer or giving the employee a raise or using it to buy down debt or expand their business. Further, the FICA tax will no longer be taken out of the employee’s check which can be considered also as an automatic raise.

Every one including the non-working poor, will see a reduction in the price of goods that they choose to buy. If they want to buy a luxury item then they would have to pay the tax but the item will have a lower price.

In other words inflation would be reduced, the dollar would be strengthened and unemployment would wiped out. This would relieve a lot of pressure from the national debt and capital would start flowing again making it easier for banks to make loans to future homeowners and business.

Does the 999 plan hurt the elderly? No. Why? Because they will no longer have to pay taxes on social security income or dividend income. And again, the purchases they do make will cost less because of the elimination of the hidden ‘tax attacks’. Also, remember, when you buy used products you do not have to pay taxes.

October 19, 2011

Charles Payne Mocked by Occupy Wall Street Union Leader

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Charles Payne Mocked by Occupy Wall Street Unio…,

By Sonndra May 10/18/2011

Charles Payne from Fox News Channel/Fox Business Network, was challenged at best, mocked at worst, by a union leader at Occupy Wall Street for “his (Payne’s) success coming from an infrastructure that made it far easier for him”…. Payne’s strong emotional response told the story of how his success REALLY unfolded: by extreme hard work and sacrifice.

The union leader and surrounding mockers of Charles don’t believe that they, the average person, have opportunities to succeed on their own, that it cannot be done in this country today. I believe Payne was right when he accused them of telling people “they don’t have the power to empower themselves.”

America today has no opportunities for people to succeed ON THEIR OWN!?

Come on. The only fatal roadblock in their way is attitude: lack of ambition or lack of education (anyone can get educated at any time of their life in America) or laziness or an irrational sense of entitlement. And perhaps they don’t think their success is big enough. Perhaps they envy people who have worked harder and sacrificed more.

Let’s admire people who work hard and accomplish their goals and enjoy their lives. Let’s aspire to do the same. Let’s find our dreams and passions and work hard to achieve them.

We may not end up as wealthy as others. We may choose to limit our sacrifices in order to have more leisure time in our lives. That’s okay. And one last thing. There are those who are not average in every sense of the word. There are those with physical, mental or emotional challenges. And yet, there are many in that category who also achieve amazing success. Their IS opportunity. And there is opportunity everywhere for all of us to help those who truly need it. And last time I checked, Americans were still the most generous people in history, with America still and always the most giving and generous country in history.

Success isn’t always easy. It doesn’t often come early, especially with all the liberal government’s pile up of regulations and restrictions and oppressive laws. But make no mistake. America is still the land of opportunity.

How dare anyone resent Charles Payne for his success and diminish his role in achieving it!

October 19, 2011

Reid signals government jobs must take priority over private-sector jobs.

By Pete Kasperowicz – 10/19/11 10:16 AM ET

Senate Majority Leader Harry Reid (D-Nev.) on Wednesday indicated Congress needs to worry about government jobs more than private-sector jobs, and that this is why Senate Democrats are pushing a bill aimed at shoring up teachers and first-responders.

“It’s very clear that private-sector jobs have been doing just fine; it’s the public-sector jobs where we’ve lost huge numbers, and that’s what this legislation is all about,” Reid said on the Senate floor.

Reid was responding to recent comments from Senate Minority Leader Mitch McConnell (R-Ky.), who accused Democrats of purposefully pursuing higher taxes as part of the teacher/first-responder bill, S. 1723, so that Republicans would oppose it. McConnell said the bill was meant to fail in order to give Democrats an issue to run on in the 2012 election, but Reid said the Republicans are simply trying to defeat President Obama any way they can.

The legislation Reid is defending is part of Obama’s jobs package. Vice President Biden was in Pennsylvania, an important election state, on Tuesday to push for the administration’s plan on increasing the number of teachers.

via Reid signals government jobs must take priority over private-sector jobs – The Hill’s Floor Action.

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