The wealthiest Americans who hate “takers” enjoy $2 trillion in special tax carve outs, more than double the entire annual budget of Social Security

Imagine how much lower our debt would be if corporate personhood also meant they had to fund the government that protects them and give them the opportunity to screw the peasants?

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As they accumulate more and more wealth, the very rich have less need for society. At the same time, they’ve convinced themselves that they made it on their own, and that contributing to societal needs is unfair to them. There is ample evidence that this small group of takers is giving up on the country that made it possible for them to build huge fortunes.

They’ve Taken $25 Trillion of New Wealth While Paying Less Taxes

The 2013 Global Wealth Databook shows that U.S. wealth has increased from $47 trillion in 2008 to $72 trillion in mid-2013. But according to U.S. Government Revenue figures, federal income taxes have gone DOWN from 2008 to 2012. Even worse, corporations cut their tax rate in half.

American society has gained nothing from its massive wealth expansion. There’s no wealth tax, no financial transaction tax, no way to ensure that infrastructure and…

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6 thoughts on “The wealthiest Americans who hate “takers” enjoy $2 trillion in special tax carve outs, more than double the entire annual budget of Social Security

    • You and I both know they’re too chickensh*t to do that. Why would they leave the very country that allows them to screw over the peasants without the common decency of using vaseline and/or giving a reach around and not have a fear of being prosecuted for their misdeeds?

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  1. I’ve always found that most folks have two sets of rules; one for the rest of the world and one for themselves. These people are no different. They’re all against a helping hand/handout ………..unless of course, they are on the receiving end; then it’s a totally different story.

    I used to work in the car business and several years of that was dealing with high end cars. Now, 95+% of people who have high end cars are decent people and no different to deal with than other sectors. There is that small percentage, though, that I found considered themselves special (the other entitlement crowd that you don’t hear so much about). Not only did they consider most folks beneath them, they weren’t the least bit shy in telling you why they were special and deserved to be catered to, ad infinitum. Thankfully, they were a small minority but they could ruin a perfectly good day, just the same.

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    • Tell me about it. I see them on a daily basis in my line of work, and they have not changed a bit. I have to watch what I say so that I don’t have to worry about losing my job. It’s actually pretty amusing to see them interacting with others who remind them of their still being just another person on this planet.

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  2. What is the time period when this 2 trillion number was calculated? Can’t reconcile with graph. Least not on my iPhone.

    Government would have wasted the revenue anyhow. Just used to leverage more borrowing.

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    • 2008-2013

      Seeing as how most of government spending goes directly towards buying goods and/or services from private sector companies, how would you define waste?

      With the collapse of 2008, any money circulating through the economy would have been a good thing. Every single recession in this country since WWII was followed by massive government spending to fuel the economy except for this one. And guess which recovery has been the worst since WWII?

      graph

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