tag:blogger.com,1999:blog-6147698924473097046.post5951694610399624421..comments2023-04-06T07:12:57.531-07:00Comments on Chumpmenudo's Investment Portfolio: Why Am I the Target of Every New Tax? Because I'm "Rich!"Unknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-6147698924473097046.post-84275409914411836622015-01-24T13:30:56.564-08:002015-01-24T13:30:56.564-08:00I agree with you Chump. People who make money thro...I agree with you Chump. People who make money through hard work & perseverance yet seem to be far above the curve from the average struggling family are not as "wealthy" as one would conclude. These families should not be punished with additional taxes everywhere they turn. <br /><br />It seems there are so many other avenues to extract additional income via taxes but are always off limits. <br /><br />The struggling poor & the ultra rich seem to get all the breaks while the middle/upper middle are paying all the bills. The tax system is broken. <br /><br />You seem to blame this all on Obama but he is not the culprit.....Special interests/lobbyists have so skewed the system - that it barely makes sense anymore. <br /><br />I live in a suburb that has just given a 30 year tax break - (30 years mind you) - to a Fortune 500 company - so they can relocate to my community. 30 YEARS of mammoth tax breaks? Who gets anything promised to them for 30 years? Surely no company can give away incentive money like this! How dare local/regional politicians give our money away so freely? <br /><br />Giving huge property tax breaks to a highly profitable company when the residential homeowner has suffered 25% - 40% property devaluation yet continue to pay enormous residential property taxes. Does that make any sense?<br /><br />Our central city has given billions of taxpayer dollars to subsidize our sports teams/stadiums while they can't even afford to pave the roads or repair local school buildings in terrible disrepair?<br /><br />We could all go on & on.<br /> <br />As long as huge amounts of money flood Washington through lobbyists supporting a totally dysfunctiional system - we will continue to get a "Kardashian Family Values" tax structure that has wreaked havoc on any semblance of fairness or makes any kind of sense. <br /><br />An average middle class person with no Wall Street investments has had to settle on zero returns offered by banks while investors have realized substantial returns subsidized by a liberal Fed Policy. <br /><br />So thinks are truly skewed everywhere. <br /><br />I do agree with you Chump....just the kind of changes that would make sense will never happen because the graft/lobby/bribe system is in FULL EFFECT and instead of helping America: Lobbyists representing diverging corporate interests have subverted America's Best Interests to a few. <br /><br />Then politicians can't fight the monied interests so they try to make up for it with more taxes on those who work the hardest? MAKES NO SENSE. <br /><br />Your example displays the absurdity to tax college savings accounts. But if it becomes a choice whether to reign in the banks or put more taxes on families like you - WELL YOU WILL LOSE THAT BATTLE. As you see - some financial analyst representing THE BIG MONEY probably supports this college/tax plan - just as long as it doesn't hurt their risky derivative sales/ bilking credit card holders/rigging muni bond markets/ manipulating commodites etc. <br />This college TAX PLAN probably isn't Obama's idea at all but the big banks way of extracting more money from families LIKE YOU.<br />bexpohttps://www.blogger.com/profile/09756240997016732144noreply@blogger.com