Posted by Tina
One of the lefts favorite memes about capitalists is that if you give the stingy jerks a tax break they will keep the money for themselves. This false accusation has no basis in reality. Our economy has boomed following tax breaks. The wealthy are investing their money int the economy, businesses are expanding and growing, job growth and wages are up. It’s a new day in America. But there’s more. A report out today illustrates another benefit:
NEW YORK (AP) — Fueled by a surging stock market and huge gifts from billionaires, charitable giving in the United States in 2017 topped the $400 billion mark for the first time, according to the latest comprehensive report on Americans’ giving patterns.
The Giving USA report, released Tuesday, said giving from individuals, estates, foundations and corporations reached an estimated $410 billion in 2017 — more than the gross domestic product of countries such as Israel and Ireland. The total was up 5.2 percent in current dollars (3 percent adjusted for inflation) from the estimate of $389.64 billion for 2016.
Charitable giving by the less wealthy segments of our society remain stagnant for now. I suspect that as wages and good jobs continue to increase, and families recover from eight years of economic misery, giving by this group will also tick up once again.
Americans have always been charitable…I hoe we always will be.
So much for the stingy capitalist lie!
Yes Tina, Capitalism being stingy is a major lie, however greed in taxing those capitalist (who are proving workers income thru investment spending) has never been stronger and proving to be less effect for Liberal BS tax and spenders.
Take a look at how Seattle gave up after realized what they stood to lose by taxing major corporation’s a head tax on workers. Reality set in once they were shown what they were potently losing as large corps were ready to move to another city.
Once more a liberal majority driven city council almost destroyed a thriving tax base.
Will California Government learn from Seattle’s mistake, doubtful, until a more balanced government administration is implemented, and the free lunch bunch are replaced/removed from office.
It’s up to voters this year, they can turn the state around or watch it’s corporate base (and higher wage earners) leave.
Then and only then, once that freebee group of Liberals has nowhere to turn, but on it’s own base will they see the irony of a tax and waste administration.
Glad you brought that up Harold.
I’m not sure if Seattle’s city council actually understood the reason it would be a disaster to implement it, but it was a smart move to drop it.
It’s really sad that a large segment of the (brainwashed) public would think this was a good idea. We really do need to do something about education in this country. We’re raising kids to be adults that can’t think…even the teachers have been poorly educated in too many cases!
“I gave at the office,” was the attitude and feelings of many when the gov’t was taking our heard earned money to spend as they wanted. With the lower taxes WE get to keep more of our OWN money and WE get to decide on how to spend it and to whom to give it. Volunteering of time I’ll bet is also up since workers are now having to work more than one job and can now work more than 30 hours a week. Charities benefit from volunteer time like they do dollars.
Also, for almost ten years I was a volunteer for the MDA Labor Day Telethon. My job was to collect donations and give a facsimile check of the amount they were giving to present on camera. Donations of all amounts were phoned in, while a line of people would begin to form of people with the jars and piggy banks. Most, if not all of those people were from the lower economic level who wanted to give to help others with funds they also needed.
I have seen it over and over, those who have the least are the ones who will give the most. I’m not surprised that charity donations are up. Not at all.
In the “Be careful what you wish for” department . . . . . .
So the Initiative to divide Taxifornia into 3 states has qualified for the ballot. Doubt if it even has a snowball’ chance of passing. Should’ve only been 2 states, with the border being just south of Sacramento and placing SF and their Libbies in the southern half.
However, those who want Taxifornia split should look at reality. Was in AZ when La Paz county was created outta the northern half of Yuma county. Tax base was in what was to become La Paz, and voters took issue with the $$ being spent further south.
There were problems with splitting up the assets between the counties, creating new goofernment, elections, and criminal issues. Took quite a while for everything to straighten out, and then AZ passed laws that would make it even harder for a county to split.
In Taxifornia’s case, it would be much simpler and much less expensive to replace ALL members of the Lunkhead Legislature.
Simpler perhaps but not easy, 🙁
At this point the measure has less than 25% favoring the split.
The Diety exerts herself to keep me entertained:
http://www.cnn.com/2018/06/14/politics/new-york-lawsuit-trump-foundation/index.html
You gotta admit, the timing is precious.
And now comes the hard part – PROVING it! So much easier to come up with charges to have a photo op than it is to come up with evidence – especially to be able to convince a jury.
Take a look at all the much-ballyhooed accusations and charges from both of Obumble AG’s, yet you can count actual convictions they were able to get on one hand.
And besides – the story is from FNN, so it’s immediately suspect!
And do you really think Ms. AG would risk the derision to be heaped upon her … if she could not make a case? Don’t think so.
Take a look at that complaint … it’s actually quiet something for evidence of wrong-doing to be included in the complaint. The adversarial nature of the undertaking generally precludes “showing your hand” so early in the game … unless, of course, your hand is unbeatable.
The Donald is already howling, “I will not settle” which means he probably will.
“it’s actually quiet something for evidence of wrong-doing…”
Evidence of wrong doing always gets Hillary a pass…
Since when have you been interested in evidence of wrong doing as a matter of law…at least applied equally?
There was a memo found in Hillary’s hand authorizing the email dump?
Again … I had not heard.
Talk about false equivalencies.
“do you really think Ms. AG would risk the derision to be heaped upon her … if she could not make a case?”
The case had already made. The entire world heard Comey deliver it…just before he said “no reasonable prosecutor would bring such a case.” (a Lie)
en-volve (CNN), “Legal Veterans Disagree That ‘No Reasonable Prosecutor Would Bring Such A Case’”
The fact that he wrote his decision even before she was interviewed and without following the normal procedures pretty much confirms his bias.
I look forward to the testimony of the many angry FBI agents.
This isn’t over. The stink keeps rising to higher levels.
Precious for you on the left, I agree.
I look at it as an underhanded ploy and a political abuse of power since they had no interest in the Clinton foundation and are compromised due to their Hillary ties.
Corruption runs deep in your party.
I would have given you credit for this link in my new post had I noticed the content of your comment.
“However, those who want Taxifornia split should look at reality. Was in AZ when La Paz county was created outta the northern half of Yuma county. Tax base was in what was to become La Paz, and voters took issue with the $$ being spent further south.”
You do realize that your situation is exactly the opposite. Got out the calculator, hit the Google, and the population of “Northern California” is 15 million. Alas, that included San Jose (1 million) and the Bay Area (8 million), which leaves you revenue from a paltry 6 million to run your state with.
Anybody seen “Becoming Jane”? It’s one of the better Austin spinoffs, in which Jane’s Mum gets off a good one: “Affection is desirable … MONEY is absolutely essential.”
“You do realize that your situation is exactly the opposite.”
Apparently you haven’t seen the map!
We in the North would be stick with all of the Bay Area (you) including Silicon Valley…and Sacto…which is why we Northerners probably won’t go for it:
That knocks you opinion off the tracks. But Silicon Valley isn’t mentioned…wonder why!
Tina, I was referring to the Jefferson J wants, not the one on the ballot. Honestly, why do you think the Bay Area IS included?
Money is absolutely essential.
And that’s one of the many reasons the proposal is dimmed. We don’t want to carry you! We want to be part of Coastifornia !!
J was talking about the proposal on the ballot!
“We don’t want to carry you! We want to be part of Coastifornia !!”
The feeling is mutual but you’ll have to gather a lot of signatures to get your proposal on the ballot!
Wish we could all get what we want.
Jefferson might not have all of the high flying wealthy leftist corporates living in gated communities, but we also wouldn’t have the massive entitlement population/debt, the government worker pension debt…and filthy, disease ridden streets. And we would have a middle class, something your area is driving away.
It would fun to watch all the panhandlers and low lifes flock to the Bay Area for handouts and freebies.