Tag Archives: mo money

Under Romney’s tax “reforms,” Sheldon Adelson could reap 9 times what he’s invested in Mitt

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Think Progress reports:

“Romney’s corporate tax reforms would also provide Adelson’s casino company approximately $1.2 billion in tax breaks on overseas profits and $565 million from Romney’s proposed shift to a territorial tax system. Adelson’s share of that, the report says, would be upward of $900 million, nine times what he pledged to spend to get Romney to the White House.“

No wonder Adelson and the other billionaires consider the millions they’re throwing at Romney a sound business investment — Adelson stands to get NINE TIMES what he’s giving to Romney’s campaign. $900 million! Naturally, someone’s got to pay for Adelson’s windfall… and that will be you and me, the peasantry:

“While Romney’s tax plan would further enrich billionaires like Adelson, it would have to raise taxes on middle class families by as much as $2,000 if Romney were to keep his plan to maintain current levels of revenue.” 

Summary: if you’re a billionaire / millionaire looking to keep even more of your income by paying even less in federal taxes, then it makes sense that you’d vote for Romney. However, if you’re an ordinary working stiff who earns less than $250,000 and you want to vote for Romney, check yourself into the nearest hospital for a thorough evaluation. You’re obviously suffering some kind of head and/or psychological trauma.

think-progress:

  • Romney’s tax plan would personally save Sheldon Adelson a total $2.3 billion in taxes. 
  • It saves Adelson approximately $1.5 million in tax cuts on his CEO salary.
  • In one year, Adelson could more than earn back his $100 million in political donations, since Romney will save him $120 million on dividend taxes.
  • His casino company would get $1.2 billion in tax cuts. 
  • By eliminating the estate tax, Adelson would get a $8.9 billion windfall for his heirs.

Read more facts about Sheldon & Mitt at ThinkProgress

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Sunday Bible lessons from Ayn Rand

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image: paxamericana

Up until last week, Paul Ryan was Rand’s biggest fanboi:

  • “I just want to speak to you a little bit about Ayn Rand and what she meant to me in my life and [in] the fight we’re engaged here in Congress. I grew up on Ayn Rand, that’s what I tell people.”
  • “I grew up reading Ayn Rand and it taught me quite a bit about who I am and what my value systems are, and what my beliefs are.”
  • “It’s inspired me so much that it’s required reading in my office for all my interns and my staff. We start with Atlas Shrugged. People tell me I need to start with The Fountainhead then go to Atlas Shrugged [laughter]. There’s a big debate about that. We go to Fountainhead, but then we move on, and we require Mises and Hayek as well.”
  • “But the reason I got involved in public service, by and large, if I had to credit one thinker, one person, it would be Ayn Rand.”
  • “And when you look at the twentieth-century experiment with collectivism—that Ayn Rand, more than anybody else, did such a good job of articulating the pitfalls of statism and collectivism—you can’t find another thinker or writer who did a better job of describing and laying out the moral case for capitalism than Ayn Rand.”
  • “It’s so important that we go back to our roots to look at Ayn Rand’s vision, her writings, to see what our girding, under-grounding [sic] principles are.”
  • “Because there is no better place to find the moral case for capitalism and individualism than through Ayn Rand’s writings and works.”

Glenn Beck is trying desperately to be outrageous…

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…or he’s off his meds. In any case, Beck is currently on an ‘I Need Attention / Mo’ Money’ Tour:

Beck: We have a ‘righteous calling’ to lead a ‘new civil rights movement’

Former Fox News personality Glenn Beck said he believed Tuesday morning that he was capable of leading a “new civil rights movement” in America after claiming that fascism was coming to Europe.

Appearing on televangelist James Robison’s Life Today show, Beck commented on the popular Occupy Wall Street movement.

“We are in an era now of a new civil rights movement,” he said. “We are the ones that have the righteous calling for the civil rights movement. We are the ones. When you try to say that Martin Luther King would have been there with the rapes and the murders and everything else with Occupy Wall Street, I’m sorry, you are wrong.”

Watch video…

Don’t forget Beck is also going to start thrilling the nation with weekly “Reagan-esque” speeches from his newly built “Oval Office” set.

It’s funny how someone can remind you of someone else, whether it’s because of a resemblance in appearance or a similarity in personality or thought-process. Remember John List and the reasons he gave for killing his entire family?

List was described by a psychiatrist as having obsessive-compulsive personality disorder. A psychiatrist who interviewed List testified that he saw only two solutions to his family’s financial and health problems – either go on welfare or kill his family and send their souls to heaven. He was especially concerned about the soul of his daughter, Patty, who showed little interest in church. She was also active in the theater department, smoked marijuana, and was interested in Wicca. He was afraid that welfare would expose them to ridicule, show that List did not love them, and violate his own authoritarian father’s teachings to always care for and protect the family. [Wikipedia]

See, Beck says he has a righteous calling (!) now — and that’s not any old ordinary calling. Beware of men who claim to be burdened with such a grandiose affliction, especially when they say it’s for another person’s own good.