Tax Cuts For the Rich...

So, everytime I see one of these Hollywood types on TV bashing Bush for giving tax cuts to the rich, I want to puke. So imagine my amazement wen I find this article. So who do they really want to pay the taxes? I guess you can’t expect the rules that we “The Great Unwashed” have to live by would apply to them. DOn’t get me wrong, I am for tax breaks for everyone who pays taxes, and have no problem with them getting them if they don’t have a problem when I get them. According to them they are burdening the children with defecits, while they live in their fat cat mansions, all the while asking for more tax breaks.

Excerpt from NY Times

In his speech at the convention, Bill Clinton delighted the crowd by complaining about the unnecessary tax cut he had received. At a breakfast with Florida delegates, the actor Ben Affleck got into specifics, explaining that the Bush tax cuts had provided him with $1 million last year that he didn’t need.

It was a smart strategy to please the faithful in Boston, but the protests may raise a question for some voters: If you think the government has a better use for the money, why not give it back? When The Nation urged readers to send their tax rebates to the magazine, the editors were criticized for hypocrisy: given their beliefs, shouldn’t they want those rebates to pay for public programs instead of remaining in the private sector?

We asked Mr. Affleck if he had considered sending the $1 million back to Washington. “No,” he said. “I’m not Jesus Christ of the tax code. I can’t completely martyr myself.”

and this…

A cast of Hollywood stars may soon swarm Beacon Hill to charm rumpled state lawmakers while touting public subsidies for the movie industry.

 The big-name actors with local roots are ready to lobby for tax ``incentives'' for major movie companies that shoot their productions in the Bay State, film industry supporters say.. 

  Cambridge shooting star Ben Affleck and his pal, ``Bourne Supremacy'' idol Matt Damon; HBO's ``Entourage'' producer Mark Wahlberg, of Dorchester, and fellow Dot guy Neal McDonough of TV's ``Medical Investigation;'' and deadly serious thespian Chris Cooper, currently residing in the Hub's suburbs: they're all ready to make the tax relief pitch, according to state film industry cheerleader Robin Dawson and another movie maven working on the project. 

 In fact, some of the big stars have signaled their readiness for local politicking - even if it means sitting down for chats withBay State politicos and testifying at drearyState House hearings,says Dawson, head of the Massachusetts Film Bureau. 

 The star support comes as local entertainment industry boosters and their allieson Beacon Hill prepare to unleash a campaign to make Massachusetts more Tinseltown friendly. 

 But some critics, like taxpayer advocate Barbara Anderson, are unimpressed. 

 ``I think there is a word for it, isn't there? Extortion,'' said Anderson, head of Citizens for Limited Taxation.. 

 Film hungry locales like New Mexico are offering everything from massive tax breaks to millions in no interest loans to Hollywood moguls, noted Carol Patton, publisher of Imagine Magazine, who promises to produce Wahlberg and other celebrities to back up an upcoming proposal by state Rep. Brian Wallace (D-South Boston). 

 ``It's a question of dollars and cents,'' argued Wallace - a novelist with two books optioned by filmmakers. `I don't think it's a question of trying to help fat cats get fatter,'' he said. 

 Wallace is preparing a legislation ``package'' that may include millions in rebates for movie companies that spend big locally. 

  Meanwhile, some of the movies' biggest stars may soon appear in local theaters asking you to open your wallet or purse. 

 Affleck, Damon, Cooper, and Hollywood legend Clint Eastwood recently taped a short trailer that Dawson's Massachusetts Film Bureau hopes to run in local theaters. The big guns tout the joys of filming in Massachusetts. 

  They argue that state taxpayers should pony up for Dawson's Massachusetts Film Bureau.At the segment's end, Cooper offers up a general statement of support for tax incentives for movies that are shot locally. 

Boston Herald

isn’t there sufficient spin-offs from having a film being shot in your area to make it worthwhile?
when they shot ‘the air up there’ (i doubt if anybody who can remember the movie will admit to it in public :stuck_out_tongue: ) in south africa, they were based around the corner from the pizza take away place i managed at the time
they took a liking to our pizzas and put a healthy chunk of change in our cash register
if i had a local representative to lobby about generating tax concessions to get more movie companies to visit the area, i’d’ve been camping on his doorstep

Of course their is. That isn’t really my point. My point is Ben Affleck and others are crying about Tax breaks for the rich in one breath, and asking for them in the other.

By the way Gild, isn’t what your talking about called the trickle down theory?:smiley: I always heard that didn’t work. The reality is when people have money they spend it, how they want. Seems reasonable since they earned it.

he’s hardly asking for a tax-break for himself?
or did i completely misread the article?
he’s simply ‘teaming up’ with other actors to get areas/couties/states to use tax incentives to attract the film industry
they have to shoot somewhere, i doubt if they really have a bunch of preferences
aren’t they just suggesting ways for certain areas to help themselves?

lost me completely

He actually produces and directs movies as well. He is looking for tax breaks for himself as well as the the “Rich” movie moguls he works with. Either you want tax breaks or you don’t. I have no problem with using tax breaks to bring companies(including movie companies) to an area. It is actually smart. I do have a problem with Ben saying I am not deserving of tax breaks while he and his buddies lobby to get them for themselves.

If Ben gave me that $1 million he doesn’t need, I pledge before you all that I would selflessly dontate 150,000 big ones to my favorite local Unicycle charity.

Or my names not Mud.

Now the middle class in Israel are protesting the huge maldistribution of wealth there. Seems a few wealthy families own nearly everything.

“Today the whole Israeli economy is built on rapacious elites fleecing consumers.” Daniel Doron, Director, Israel Center for Social and Economic Progress

oH GOD

Vadda dey gonna do, blame da Jews? Oy vey. :smiley:

Am I the only one who’s now got “If I were a rich man…” stuck in my head?

I say just tax those rich mofos a bunch. Help the rest of us why don’t you? Maybe than we could make our school systems capable of teaching children. Or perhaps we could sacrifice a little bit more for space travel… or even undersea expeditions… or possibly we could make it so we aren’t groaning about putting money into social security that won’t be there when I need it… I guess a bit of community support is too much to ask from somebody that has money that they won’t/can’t even use.

I know its off topic… I just had to say something.

They say over 99% of kids in the USA have never had a chance to ride a unicycle, in that supposedly wealthy nation:(

Shocking!

When I am elected President, I will put a Unicycle in Every Closet!

:stuck_out_tongue:

(You might ask, what was I doing in your closet? I would prefer not to answer that question.)

SpaceFmK, how much extra tax revenue were you expecting to get from the small percentage of really rich people? I remember hearing something about how tax revenues tend to stay about the same regardless of the tax rate (in the US with all our loopholes & things). So that makes one wonder if there would be more tax revenue if tax rates were lowered?

Since the wealthiest pay no taxes, I think it would make a difference if they did

Census: Income gap between rich and poor got wider in 2009
Updated 10/1/2010
WASHINGTON (AP) — The income gap between the richest and poorest Americans grew last year to its widest amount on record as young adults and children in particular struggled to stay afloat in the recession.
The top-earning 20% of Americans — those making more than $100,000 each year — received 49.4% of all income generated in the U.S., compared with the 3.4% earned by those below the poverty line, according to newly released Census figures. That ratio of 14.5-to-1 was an increase from 13.6 in 2008 and nearly double a low of 7.69 in 1968.

At the top, the wealthiest 5% of Americans, who earn more than $180,000, added slightly to their annual incomes last year, Census data show.

If you would like to read a thoughtful discussion of wealth, class and taxation in the US, there is a very good article in the Atlantic:

Scott

What some smart rich guys have to say

You may not agree with them, but it you think these guys don’t understand the issue, see if you can explain to us why. Please include your qualifications with your answer. Stating that Bachman and Palin are better looking Christian sweet hearts who are sure higher taxes on the wealthy will kill jobs, will just make me puke on my monitor.

Wealth is not distributed. There is no “cash dispenser” at which everyone gets a turn.

Wealth must be earned. Granted, once you have money, it’s easier to make more money, but you have to put the work in to get the money out.

This concept is very simple… what part of it is difficult for so many to understand?

Of course you’d say “lets tax the hell out of [some group that I’m not in]”. Everyone says the same thing. But this assumes the problems of government are a lack of revenue.

Did you ever think the problem could be that of spending too much g*ddamn money on crap that doesn’t matter? Raising taxes will only exacerbate this problem.

You’re assuming 1) that rich people aren’t charitable and 2) that you know what they are (or aren’t) doing with their money.

Edit: Here’s an example of your community support: http://www.fogrally.com/

Such a simple concept and yet why does it not work equally? If only there was a way to measure work that was fair and did not rely on the corrupted money exchange system which values some peoples work higher than others depending on which country they are located in. What age and sex you are has an effect on how much you get paid, and there are ridiculous institutions set up in order to keep the knowledge of money making in the hands of the rich people- holding past knowledge for ransom that should be gifted to future generations- since so much of it is flawed anyway.

If share-holders sweated as much for each dollar as sweat shop employees I’d agree with you that wealth must be earned. As it stands, wealth must be earned for some and can be leached for others. Risking other peoples lives with your money doesn’t count as sweat! If money was still connected to something real it could be earned- while it is fiat it can just be generated falsely.

The concept is quite simple, only deliberate ignorance can keep you in the dark to the imbalance.