*The so-called debt crisis could be fixed overnight by raising the taxes on wealthy people back to the level it was during the Clinton administration. Wealthy people were doing fine during those years. Many of them nowadays are paying 15% income tax, like Mr. Romney. They can easily afford to pay 30%, which is what I or any other middle class person pays.*
Jed, your politics are showing. Be sensitive to how it looks from the other side of the wealth divide. As a quintessential representitive of the American upper class, Sheldon Gary Adelson is an American business magnate and plutocrat. He is the chairman and chief executive officer of the Las Vegas Sands Corporation, the parent company of Venetian Macao Limited which operates The Venetian Resort Hotel Casino and the Sands Expo and Convention Center. He also owns the Israeli daily newspaper Israel HaYom. Adelson's initial public offering of Las Vegas Sands occurred in December 2004. He is listed in the Forbes 400 as the eighth wealthiest American. His personal wealth is estimated to be $24.9 billion as of March 2012. Originally a Democrat, Adelson became a Republican as his wealth increased. "Why is it fair that I should be paying a higher percentage of taxes than anyone else?" he once asked. Consistent with politically driven economics, Adelson does important things with his money, but it is primarily used to advance his agenda. He began making major contributions to the Republican National Committee following clashes with labor unions at his Las Vegas properties. Adelson is a good example of why trickledown economics no longer works. When Adelson makes money, it is distributed globally and no longer is confined within the borders of the nation he extracted the capital from. Adelson uses his capital to advance his political agenda: “What scares me is the continuation of the socialist-style economy we’ve been experiencing for almost four years. That scares me because the redistribution of wealth is the path to more socialism, and to more of the government controlling people’s lives. What scares me is the lack of accountability that people would prefer to experience, just let the government take care of everything." Congresswoman Berkley claimed in the New Yorker article that Adelson "seeks to dominate politics and public policy through the raw power of money". Adeson hates unions and helped finance the recent the election to thwart the recall of Gov. Scott Walker of Wisconsin that took place on June 5, 2012. "old Democrats were with the union and he wanted to break the back of the union, consequently he had to break the back of the Democrats". The Boston Globe also noted that Adelson has "waged some bitter anti-union battles in Las Vegas". An good example of the globalization of the American politic system, Adelson is a hard line Israeli at heart and wants to advance the political agenda of Netanyahu. In contrast to most Americans, who know of Mr Adelson through his super-Pac largesse, Israelis see him as one of Mr Netanyahu’s closest allies. Mr Adelson owns Israel Hayom (Israel Today), the influential daily newspaper, which is a strident Netanyahu supporter. “Netanyahu is a Republican,” says Daniel Levy, a former adviser to Ehud Barak, the Israeli defence minister. “Sheldon Adelson is his friend.” Mr Adelson’s impact on the Republican debate has been direct. On most issues candidates have been driven by grassroots sentiment. On Iran, Mr Adelson leads a smaller electorate. It does not come in pastel shades. “If Obama is re-elected, Iran will get a nuclear weapon,” says Mr Romney, who in recent weeks had what was described as a friendly meeting with Mr Adelson. “If you elect me Iran will not have a nuclear weapon.” It’s clear that an understanding has been reached between the Republican candidate and the plutocrat. You buy the presidency for me and you get a war with Iran. This is exactly how the conservative Roberts Court wants American money centric democracy to work. Cheers: Axil On Fri, Jul 20, 2012 at 10:18 AM, Jed Rothwell <[email protected]>wrote: > Chemical Engineer <[email protected]> wrote: > > Don't you mean frightening for taxpayer's? That is where billion's have >> come from while the US government goes trillions into debt. > > > The so-called debt crisis could be fixed overnight by raising the taxes on > wealthy people back to the level it was during the Clinton administration. > Wealthy people were doing fine during those years. Many of them nowadays > are paying 15% income tax, like Mr. Romney. They can easily afford to pay > 30%, which is what I or any other middle class person pays. > > The debt crisis is a sham, ginned up by conservatives to starve the > government. > > - Jed > >
