some Republicans like the Tea Baggers prefer welfare or unemployment insurance
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why we must quit picking on Republicans:
Quit Picking on the Republicans
- Thread starter Kreskin
- Start date
some Republicans like the Tea Baggers prefer welfare or unemployment insurance
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why we must quit picking on Republicans:
On average, the top 100 CEO nest eggs are large enough to generate for each of these executives a $253,088 monthly retirement check for the rest of their lives.
The retirement asset gap between CEOs mirrors the racial and gender divides among ordinary Americans.
The 10 white male CEOs with the largest retirement funds hold a combined $1.4 billion, more than eight times more than the 10 CEOs of color with the largest retirement assets and nearly five times as much as the top 10 female CEOs.
The retirement divide is even greater when accounting for race. The CEOs' combined retirement funds are equal to the retirement savings of 59 percent of African-American families and 75 percent of Latino families.
Topping the list is Progressive CEO Glenn M. Renwick, who can expect a monthly retirement check of $1,035,733. How does that compare with regular workers lucky enough to have 401(k) plans? With an average balance at the end of 2013 of $18,433, these workers can count on a monthly check of just over $100.
Why this retirement divide? Anderson and report co-author Scott Klinger write: "This is not the result of executives working harder or investing more wisely. Instead, this gap is one more example of rule rigging in favor of the 1 percent."
To wit: pension rules that allow CEOs to put unlimited funds into tax-deferred plans, the erosion of traditional pensions, and a tax code loophole that allows for so-called "performance-based" pay.
Apart from eliminating those rules and loopholes to narrow the divide, social security should be expanded by requiring the wealthiest to pay on all their earned income; safeguarding public pensions from attack, supporting universal retirement funds, and increasing unionization as leverage for retirement benefits.
President-elect Donald Trump could make the problem worse, the report states, if he cuts the U.S. top marginal tax rate from the current 39.6 percent to 33 percent. That would save CEOs $196 million when they pay the IRS their taxes on their "special unlimited deferred compensation plans."
The new IPS report comes on the heels of an analysis by Quartz finding that Trump's 17 cabinet-level pics have more wealth than one-third of U.S. households combined.
- Among ordinary workers, those lucky enough to have 401(k) plans had a median balance at the end of 2013 of $18,433, enough for a monthly retirement check of just $101.
- Of workers 56-61 years old, 39 percent have no employer-sponsored retirement plan whatsoever and will likely depend entirely on Social Security, which pays an average benefit of $1,239 per month. [...]
The retirement asset gap between CEOs mirrors the racial and gender divides among ordinary Americans.
The 10 white male CEOs with the largest retirement funds hold a combined $1.4 billion, more than eight times more than the 10 CEOs of color with the largest retirement assets and nearly five times as much as the top 10 female CEOs.
The retirement divide is even greater when accounting for race. The CEOs' combined retirement funds are equal to the retirement savings of 59 percent of African-American families and 75 percent of Latino families.
Topping the list is Progressive CEO Glenn M. Renwick, who can expect a monthly retirement check of $1,035,733. How does that compare with regular workers lucky enough to have 401(k) plans? With an average balance at the end of 2013 of $18,433, these workers can count on a monthly check of just over $100.
Why this retirement divide? Anderson and report co-author Scott Klinger write: "This is not the result of executives working harder or investing more wisely. Instead, this gap is one more example of rule rigging in favor of the 1 percent."
To wit: pension rules that allow CEOs to put unlimited funds into tax-deferred plans, the erosion of traditional pensions, and a tax code loophole that allows for so-called "performance-based" pay.
Apart from eliminating those rules and loopholes to narrow the divide, social security should be expanded by requiring the wealthiest to pay on all their earned income; safeguarding public pensions from attack, supporting universal retirement funds, and increasing unionization as leverage for retirement benefits.
President-elect Donald Trump could make the problem worse, the report states, if he cuts the U.S. top marginal tax rate from the current 39.6 percent to 33 percent. That would save CEOs $196 million when they pay the IRS their taxes on their "special unlimited deferred compensation plans."
The new IPS report comes on the heels of an analysis by Quartz finding that Trump's 17 cabinet-level pics have more wealth than one-third of U.S. households combined.
In fairness to the Republicans, most of these newcomers are not really real Republicans. Unfortunately, in a two party system, you have to pigeonhole everyone on the right into the same slot. There is considrable evidence that the main body of the Republican party truly loathe Trump and his entourage.
The RNC Says Its Christmas Message About a ‘New King’ Referred to Jesus, Not Donald Trump
RNC Christmas Message Referred to Jesus, Not Donald Trump
RNC Christmas Message Referred to Jesus, Not Donald Trump
The girl in the background looks like she's wondering if she heard that correctly.........
With regard to the idea of whether you have a right to health care, you have realize what that implies.
It’s not an abstraction. I’m a physician. That means you have a right to come to my house and conscript me. It means you believe in slavery. It means that you’re going to enslave not only me, but the janitor at my hospital, the person who cleans my office, the assistants who work in my office, the nurses.
With regard to the idea of whether you have a right to health care, you have realize what that implies.
It’s not an abstraction. I’m a physician. That means you have a right to come to my house and conscript me. It means you believe in slavery. It means that you’re going to enslave not only me, but the janitor at my hospital, the person who cleans my office, the assistants who work in my office, the nurses.
I’m a physician in your community and you say you have a right to health care. You have a right to beat down my door with the police, escort me away and force me to take care of you? That’s ultimately what the right to free health care would be.
www.youtube.com/watch?v=YUXwDMqjC-A
Republican death panels are just around the corner!
Did Trump specifically articulate what he is going to do about health care?
It would be foolish for the Republicans to reveal what their plans are to replace Obama care. If they revealed it in detail Obama could act on it. He is still President for another (now) 5 days.
Whereas most past Presidents have faded themselves out for the last few weeks of their Presidency, Obama has been in a flurry to do things. He looks desperate to leave something the people will remember him for.
I think it was reprehensible for him to send troops to the Russian border just days before his exit from office. It has left another roadblock that Trump will have to deal with. I suspect that is his intention.
Trump will recall them right away, so that your poor Russian friends don't release their blackmail material.
By the way, that armoured brigade in Poland, as well as our battle group on the way to Latvia have been in the works for about three years. Let's see if the blackmail is severe enough to compel your glorious leader to commit treason.
Dan Adamini, the odious Republican from Marquette, Michigan who called for “another Kent State” for student protesters has resigned from his position as the Marquette County Republican Treasurer.
Not only that, he deleted his Twitter account, deleted his personal Facebook account, deleted his radio show’s Facebook account, and has lost his right-wing radio show “In the Right Mind” for at least the next month while his contract is reviewed.
Adamini put up a Facebook post saying, “The violent protests at our universities certainly indicates Portage acacian at the lower level. I’m thinking another Kent State might be the only solution protest stopped after only one death. They do it because they know there are no consequences yet.”
He doubled down by tweeting, “Violent protesters who shut down free speech?Time for another Kent State perhaps. One bullet stops a lot of thuggery.”
Both the tweet and the Facebook post were deleted but now Adamini has gone completely silent on social media after facing withering criticism from across the nation. Kent State University itself put out a statement calling the comments “abhorrent”:
May 4, 1970, was a watershed moment for the country and especially the Kent State University family. We lost four students that day while nine others were wounded and countless others were changed forever.
This abhorrent post is in poor taste and trivializes a loss of life that still pains the Kent State community today.
We invite the person who wrote this statement to tour our campus and our May 4 Visitors Center, which opened four years ago, to gain perspective on what happened 47 years ago and apply its meaning to the future.
Buh-bye, Dan. We look forward to never having to read or hear any of your disgusting, putrid effluvium ever again.
BOOM! Republican who called for “another Kent State” for protesters resigns, deletes social media accounts, loses radio show | Eclectablog
Not only that, he deleted his Twitter account, deleted his personal Facebook account, deleted his radio show’s Facebook account, and has lost his right-wing radio show “In the Right Mind” for at least the next month while his contract is reviewed.
Adamini put up a Facebook post saying, “The violent protests at our universities certainly indicates Portage acacian at the lower level. I’m thinking another Kent State might be the only solution protest stopped after only one death. They do it because they know there are no consequences yet.”
He doubled down by tweeting, “Violent protesters who shut down free speech?Time for another Kent State perhaps. One bullet stops a lot of thuggery.”
Both the tweet and the Facebook post were deleted but now Adamini has gone completely silent on social media after facing withering criticism from across the nation. Kent State University itself put out a statement calling the comments “abhorrent”:
May 4, 1970, was a watershed moment for the country and especially the Kent State University family. We lost four students that day while nine others were wounded and countless others were changed forever.
This abhorrent post is in poor taste and trivializes a loss of life that still pains the Kent State community today.
We invite the person who wrote this statement to tour our campus and our May 4 Visitors Center, which opened four years ago, to gain perspective on what happened 47 years ago and apply its meaning to the future.
Buh-bye, Dan. We look forward to never having to read or hear any of your disgusting, putrid effluvium ever again.
BOOM! Republican who called for “another Kent State” for protesters resigns, deletes social media accounts, loses radio show | Eclectablog
The two are pretty much interchangeable until impeachment, anyway. If the Republicans are so goddam embarrassed about their association, that should help to speed up the impeachment part.