Sam Zell.......

“The 1 percent work harder, the 1 percent are much bigger factors in all forms of our society."

http://www.chicagotribune.com/business/breaking/chi-sam-zell-1-percent-20140206,0,2270803.story

Those are the words from Sam Zell. Sam is a Billionaire and he is feeling defensive. He feels the top 1% are being attacked.

The reality is the bottom 99% are actually being attacked by the top 1%. The 1% is kicking the 99’s azz. Then pretending they are the victim.

It is like the bully on the playground punching the little defenseless kid in the face, and then running to the teacher to complain the little kid hurt his hand.

The top 1% don’t work harder at all. That is a lie.

The rules the top 1% play by are not the same rules that everyone else play by.

The game is rigged in their favor. That is the problem.

A real person who goes to a real job (working 40 hours) will pay 35-39% Income taxes.

A phony baloney rich Billionaire who owns a private equity firm (Like Sam Zell) will pay 15-19% income tax. Is that fair?

This is what Warren Buffett was saying when he claimed he pays a lower tax rate then his secretary. Is that fair?

Why should investments pay less in taxes? Is investing harder then working in a factory? Is Warren Buffett straining himself when he purchases stock?

Politicians said they were going to fix the problem in the last election. Politicians lie. They have fixed nothing.

So Sam Zell makes his money off investing. His investing has been propped up by tax payers through “Quantitative easing”.

So Sam gets to make lots of money (thanks to Tax Payer welfare) then he gets to pay lower income taxes on that free money. Is that fair?

Then he gets to tell you he works harder.

Your problem is you are just too damned lazy. You should work harder like he does…….

This is what he tells you even though American workers are actually very productive.

http://www.ibtimes.com/america-workers-are-more-productive-their-wages-are-flat-some-cases-lower-1393941

Sam complains that regulations are the problem. Actually the opposite is true. The private equity market that Sam works in is not regulated at all.

Sam made lots of money on real estate. When the housing market went up (based on fraud allowed by deregulation). Sam prospered.

When the house of cards came crashing down (because of fraud) the tax payers rushed in with lots of bailouts. Sam prospered again.

Today’s quantitative easing is really the Federal Reserve buying bonds backed by mortgage backed securities. The same cr*ppy mortgages that went belly up, are now owned by the taxpayers. This also helps Sam prosper.

Now how much of any of this helps the bottom 99%? None of it…….

For Sam to be profiting in a system severely tilted in his favor…… and then make fun of the poor b*stards who get none of the benefits…… is incredibly insulting.

Sam Zell can’t see this……But I am currently giving him the middle finger.