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Big Spenders

Wednesday, July 23, 2008

Taylor Lincoln, Research Director at Public Citizen, breaks down who is giving to Obama's and McCain's campaign and how much.

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Taylor Lincoln
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Comments [6]

em from nj

#2 - check out the largest political contributors over the past ten years at opensecrets.org

Jul. 23 2008 11:15 AM
Tony from Brooklyn

A thought to consider: If you make $100 and your taxes are 30% then you gross $70. If you make $100 and your taxes are 40% then your gross $60. Simple no? This is the argument that the GOP has made to "hard working white americans" for generations. They want to take your guns, take god out of your life AND they want to take your money. I've long argued here and in other venues that those people are too ignorant to use electoral politics to their own advantage. And in fact Obama's proposed tax policy actually benefits these people despite the GOP story to the contrary.
But tax policy doesn't exist in a vaccum. Alternatively if in the above example you factor in the damage that's done to the dollar, investments, and security then higher taxes under Obama would still net a greater quality of life. You don't get to work at Goldman Sachs if you don't understand that.
What good is an extra $40K a year to a financial professional when that $40K barely buys you a week in Europe? What good is an extra $40K if your retirement portfolio is down $50K because tax policy and foreign policy have driven the stock market into the toilet? What good is an extra $500K accrued since the Bush tax cuts if deregulation cost you twice that much in home equity? What the professional elites in finance have come to realize is that paying your fair share of the tax burden is actually cheaper in the long run and provides a far better standard of life for people of affluence.

Jul. 23 2008 10:58 AM
Jean Haluska from queens (nyc)

Brian, I have been listening to you for a decade. I love your show. When I went to grad school in Ohio i missed you terribly. I just caught the tail end of the Big Spenders conversation. And I want you to know that I am poor and I have given money to Barack Obama. He has been the only politician I have ever given money to- and i did it twice- in the form of 2, 100$ donations. I am: a white woman, 31, born in nyc, raised in mt. vernon ny, extremely libral, and an artist. I have 3 degrees and I only make 20K. I might even make less this year. The most I ever made was 32K- and that was only for one year. So I'm working class, but educated. Presently waiting on tables.

Jul. 23 2008 10:56 AM
wall street worker

I work at Goldman Sachs and have donated $50 to Obama and to no other candidate. There are thousands of employees here who have regular jobs that pay average salaries. One cannot assume the donor's agenda purely based on their company of employment.

Jul. 23 2008 10:52 AM
anthony clune from Brooklyn

“Politics is the shadow cast on society by big business.”

Jul. 23 2008 10:39 AM
Robert from NYC

Did you say bundling or bungling?

Jul. 23 2008 10:31 AM

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