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Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

(2011/09/14) At least the war on the middle class is going well (Economics)

Best of the Left - Leftist Perspectives on Progressive Politics, News, Culture, Economics and Democracy

Jay Tomlinson

Politics, News Commentary, News

4.53.4K Ratings

🗓️ 14 September 2011

⏱️ 68 minutes

🧾️ Download transcript

Summary

Edition #528

At least the war on the middle class is going well

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Act 1: Warren Buffett Stop Coddling the Rich, Raise Their Taxes - David Pakman Air Date: 8-16-11

Song 1: The great estates - Freelance Whales

Act 2: Coverage of Buffet's call for higher taxes - Counterspin

Song 2: Give a little bit - Supertramp

Act 3: Warren Buffett a Socialist according to Fox News - Young Turks

Song 3: Melt with you - Modern English

Act 4: The Defeat of Liberalism By Money - The Progressive Air Date: 8-5-11

Song 4: Love will come through - Travis

Act 5: The Truth About The London Riots & Chile Protests - Lee Camp Air Date: 8-18-11

Song 5: The killing moon - Echo & The Bunnymen

Act 6: Job Creators Give Me A Break - Thom Hartmann Air Date: 8-23-11

Song 6: Beyond the sea - Bobby Darin

Act 7: Poor People Living Well, At Fault For Recession - Jimmy Dore on TYT

Song 7: Wake up - Arcade Fire

Act 8: Pirate Written Up For Dress-Code Violation - The Onion

Song 8: Come sail away - Styx

Act 9: Republican Economic Arsonists - The Progressive Air Date: 8-9-11

Song 9: Beds are burning - Midnight Oil

Act 10: Goldman Sachs CEO Hires Lawyer - Young Turks Air Date: 8-24-11

Song 10: If you've got trouble - The Beatles

Act 11: Challenging the claims of the "Texas miracle" - Counterspin

Song 11: Cattle call - Don Edwards

Act 12: FDR on Labor Day - Jimmy Dore Show

Song 12: We were there - Robin Roberts

Act 13: Clueless support of proposed trade deals - Counterspin

Song 13: Diamond (Remix) - Klint

Act 14: Abandoned Mall Retains Eerie Vestiges Of Fun Shopping Atmosphere - The Onion

Song 14: Empty - The Cranberries

Act 15: Obama's jobs speech/pre-game show - Wait wait don't tell me

Song 15: Turn out the light - Nelly Furtado

Act 16: Obama's Affirmative Case for Government - The Progressive Air Date: 9-9-11

Song 16: Solid Action - The Wes Hollywood Show

Act 17: Wrong-headed anger over unequal benefits - Jimmy Dore Show

Voicemails:

Request for show on immigration - Carlos From Chicagoland

Documentaries to recommend - Earl from Nashville, TN

Show from the 11th is super fantastic - Jonathan from Portland

Voicemail Music:

Loud Pipes - Ratatat

Final comments on my super-creepy email to a progressive Christian and a rule about not scripting submissions for inclusion on the show

Bonus iPhone/iPod Touch App Content:

Paybacks a Bitch & New Jersey Gets Downgraded - Daily Show Air Date: 8-18-11

Produced by:

Jay! Tomlinson

Thanks for listening!

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Transcript

Click on a timestamp to play from that location

0:00.0

This program is made possible by the members and donors of the show.

0:05.3

For details, visit the membership tab at BestOfLeft.com.

0:08.9

Now welcome to the award-winning BestOfLeft podcast with Cupsidae from the David Pakman

0:12.7

show, CounterSpend, The Young Turks, The Progressive, Comedian Lee Camp, Tom Hartman, The Onion

0:18.0

Radio News, The Jimmy Dore Show, and Wait Wait Don't Tell Me with a bonus video clip for

0:22.6

our Apple iOS and Android app users from The Daily Show.

0:30.0

Warren Buffett is now saying the super-rich should pay more taxes, not less, and he says

0:35.1

in a New York Times op-ed, which I highly recommend you look at, that our leaders have asked

0:39.4

for shared sacrifice, but when they did the asking, they spared me as in Warren Buffett.

0:44.2

I checked with my mega-rich friends to learn what pain they were experiencing.

0:48.4

They too were left untouched, and he brings up the fact, very astutely Lewis, that the

0:53.2

poor in the middle class are struggling in Afghanistan, Americans, most Americans are

0:57.9

struggling to make ends meet, and the mega-rich, like Warren Buffett, continue to experience

1:02.9

the benefits of significant extraordinary tax breaks.

1:07.2

Some of them earn billions and are able to classify the earnings as carried interest, only

1:15.0

getting a 15% tax rate, which is pretty remarkable.

1:19.7

And Warren Buffett goes into detail.

1:21.2

He says, last year, my federal tax bill, the income tax I paid, as well as payroll taxes

1:26.4

paid by me and on my behalf, was just under $7 million.

1:30.3

It sounds like a lot of money, but he makes a lot of money.

1:32.9

It was only 17.4% of his taxable income.

1:37.8

Warren Buffett, one of the richest men in the world, certainly one of the richest in the

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