Quote:
Originally Posted by SallyRand
I know that and my point was intended to be implied. Barack H.Obama and His Gang of Thugs intend to strip the "rich"; that is, those with a gross income of over $250K per year of much of that figure, thereby moving them downward into a sort of financial Twilight Zone; taxed as "rich" but ending up with less than those who effectively earn less.
Barack H.Obama couldn't run a lemonade stand, he has never run a business and outside of being paid as a "professor" and "community activist" has never held a real job and therefore has NO respect for those like us WHO WORK FOR A LIVING!
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So you also then must realize that if Obama gets the tax increase he wants all it will do is put the tax rate on the wealthiest back to where it was in the Clinton era right and the increase will be about 3-5%? The wealthy grew their wealth by leaps and bounds when Clinton was in the white house. I'm not advocating for huge increases in taxes on anyone, but if you think that the president is going to strip the rich of their wealthy you need to turn off whatever it is that you are listening to that is telling you that.
The rich have actually gotten more wealthy during the recession.
Here is a good story. Pre-recession the richest 1% controlled 34.6% of the wealth in this country. They now control 35.6%. They will not be stripped of shit. If they lose money they just get their connected friends to pull off another bailout to replenish any lost money.