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You're a very fortunate person. I hope you're grateful. I know me and untold millions of people in this country would absolutely love to pay $500,000 in taxes!!
I am fortunate, and I thank God and hard work for it.
However, the fact is that:
1. "the rich" pay most of the taxes already
2. even ENSLAVING "the rich" does not solve our budget woes
3. revenues are nearly at 2007 levels, yet spending has skyrocketed
4. Obamacare, the EPA, and increased taxes will not restore prosperity
We are in a tailspin of increased debt, lower wages, lower savings, and higher unemployment. Oddly, the US VOTED FOR four more years of this. Obama's policies are set to keep the economy stagnant, at best, and will most likely increase unemployment and continue to escalate debt.
At the end of Obama's second term, the nation will essentially be in a position in which it cannot recover, thus ensuring the "Balkanization" of the US.
I would expect the definition of "rich" to be defined downwards.
I already has been. Rich used to be equated with millionaires. Now it's mere middle managers making $200K per year.
That should tell you which way America is headed and it ain't UP.
I already has been. Rich used to be equated with millionaires. Now it's mere middle managers making $200K per year.
That should tell you which way America is headed and it ain't UP.
How is a 250k household rich? That's a good question. I always thought to be rich you had to be worth at least 1 million. Anyone below that is upper middle class. The fact of the matter is, the ultra rich at the very top hate competition and want to tax the nouveau riche into oblivion so they can't climb up into the exclusive millionaire and billionaire club. It's no coincidence that the people pushing this are the richest of the rich like Gates and Buffet. The idiot liberals lap that **** up real good. The sub 1 million dollar crowd are the real job creators, not the millionaires and above who leach off of government more than the 6 figure crowd.
I already has been. Rich used to be equated with millionaires. Now it's mere middle managers making $200K per year.
That should tell you which way America is headed and it ain't UP.
Its been that way for decades. It's the result of both parties hitching their wagon to the middle class in order to pass a bill that benefits a few at the expense of the many.
Its been that way for decades. It's the result of both parties hitching their wagon to the middle class in order to pass a bill that benefits a few at the expense of the many.
No it hasn't. $200K was defined as the rich in 2009.
Don't you remember those debates ?
Location: Just transplanted to FL from the N GA mountains
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Quote:
Originally Posted by HappyTexan
No it hasn't. $200K was defined as the rich in 2009.
Don't you remember those debates ?
Upper middle class is now the wealthy.
If that's the case the lower middle class has moved up a rung right? They are now the "upper" middle-class. Maybe that's what folks wanted all along... the title... just not the perks that went with it...
If that's the case the lower middle class has moved up a rung right? They are now the "upper" middle-class. Maybe that's what folks wanted all along... the title... just not the perks that went with it...
I think so. You hardly ever hear the term blue collar or working class.
I think they've lumped everyone into 2 classes now...middle class or wealthy and lowered the bar that separates the two.
When the tax on the rich fails, they'll start looking for more people to tax. The bar will be lowered and the "rich" will be redefined. They'll call it by another name (the feds love euphemisms) but the end result will be the same - more people taxed at higher rates. They have to do that, because taxing the rich will not get us out of the mess we're in (or the bigger mess we'll have in another couple of years). When it's always business as usual those addicted to money need to find more of it to spend.
This "nobody under $250,000 will be taxed more" is a crock. Tell that story to every citizen in this country (regardless of their income) who is now paying more money for food, energy, health care and transportation. Tell that to those whose credit card rates went up as a result of Obama's new customer protection regulations. Paying more by any other name is still paying more.
Every department of the federal government should be forced (forced) to cut their operating budgets by 10%. And there should be a hiring freeze, with no new positions created and no open positions filled.
(She writes that as Obamacare and a giant new government entity is set to be created.........)
Would that fix the problem? It would be a start in changing the culture and it would help the federal deficit, but probably not. But then again, I'm not the only one who doesn't know how to fix this budget deficit. All the so-called smart people up on Capital Hill haven't a clue either.
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