Hillary's Vision of Shared Prosperity

Sen. Clinton announced her support today for closing a tax loophole allowing Wall Street investment managers to pay a 15% tax rate on their compensation in the form of carried interest, as opposed to an income tax rate which could go up to 35%. In her media release Hillary is described as having an economic vision that focuses on "shared prosperity" and promoting "tax fairness that rewards work, not just wealth." Has any tax rate ever rewarded wealth? You make more, you pay more.

Is there anyone who would not use this loophole saving them up to 20% if they could? I support fairness, but a 35% tax rate on anything is insanely high. Her vision of "shared prosperity" is eerily Utopian and concerns me greatly with what type of society we could reform to under her leadership. She could suggest a lower flat tax rate for everyone, but I am sure that does not fit in to her quest for "tax fairness."

The all-knowing Sen. Clinton said, "Private equity and venture capital play important roles in our economy, and we should continue to support the entrepreneurial spirit that makes America great." But what she was really thinking here is "...and we should destroy it by crushing people's desire to earn more." So what she was thinking is we should crush the American Dream.

She described how she would use the funds generated from closing this loophole by saying, "I would use the funds generated by the change-which some have estimated at $4-$6 billion per year-to invest in our middle class and working families. These funds can provide a down payment to help make college more affordable, provide tax relief for hard working Americans, and meet other key priorities to promote shared prosperity in America."

So, she would take away one of the main reasons many people actually do strive to make more money. I don't want those who make more than me to pay for my life and my children's education, nor do I want to pay for other people's when I am making more money. It sounds to me like she would like to further separate the classes in America as opposed to uniting them, as she has claimed.

http://www.hillaryclinton.com/news/release/view/?id=2396

Hillary WILL Raise Taxes, don't worry its a Patriotic Tax Hike!

In the last Democratic Presidential debate Senator Hillary Clinton spoke once again about raising taxes for the wealthy in America. She said, "We have to change the tax system and we've got to get back to having those with the most contribute to this country." It sounds to me like she is saying that wealthy Americans do not contribute to society. Perhaps she doesn't think that the jobs they create, their philanthropic endeavors, and the taxes they pay are just quite enough. Maybe since they have been fortunate enough to be considered "wealthy" she would like to just strip them of their fortune to fatten up government bureaucracy...oh wait, that is what she is trying to do.

Hillary has surrounded herself with people like Warren Buffett, who referred to Republicans as the type who think, "I'm making $80 million a year, God must have intended me to have a lower tax rate." You must be right Mr. Buffett, that is how Republicans think. Hillary described Buffett as, "He's honest enough to say, look, tax me because I'm a patriotic American." This sounds like she is describing someone who is not all there in the head.

What these hate-the-world/save-the-world people have yet to realize is that successful businessmen do pay taxes, they pay more than I do. Middle-class Americans, like myself, will be encouraged to despise wealthy Americans if Hillary's influence succeeds. Though the wealthy pay more taxes than the rest of us, she wants us to think that they don't. It doesn't sound to me like she really wants to unite Americans, so much as pin them against each other.

I personally believe that we all pay too many taxes. I think that people would be more inclined to give money to causes if they weren't forced to do so. The more that is taken away from us, the less we will give, and this is doubly so for the wealthy Americans who are more philanthropic than I am.

http://www.townhall.com/Columnists/AmandaCarpenter/2007/06/29/hillary_clinton’s_‘patriotic’_tax_hike

Hillary, the middle-class savior

While campaigning in Iowa this weekend, the presidential candidate said that "we need to get back to the rich beginning to pay their fair share." http://usatoday.com/news/politics/2007-04-21-clinton-iowa_N.htm

So, she wants to increase taxes for the wealthy, yet she mentions nothing about lowering taxes for the middle class. Now I don't want to see government deficits, but I don't like seeing government surpluses under democratic leadership. If the government has a budget surplus, that tells me that we are being taxed too much. We certainly aren't going to be getting any of that money back with another Clinton in office.

Government Reform Plan

In her speech at St. Anselm College, Hillary preached about reforming the government and saving the taxpayers between $10 and $18 billion a year. Is she serious?! How often do democrats actually decrease spending? The last thing a liberal female in a position of power will do is trim the fat.

http://www.hillaryclinton.com/news/release/view/?id=1444