A Cynical Process: Part II

The "rich" number approximately 50% of the population. The "rich" Obama really wants to go after are those who actually do have to pay taxes. For most families, that would be about $40,000/yr. Fire All Incumbents. Viva la revolucion.

Ya know, Ya oughter read a book on ECONOMICS. Then ya c'ld post a comment that made sense. Might I suggest BASIC ECONOMICS by Dr. Thomas Sowell. It so simply explains economic principles, that even you could understand.

Indeed!!! Been reading Sowell's Basic Economics 4th Ed. myself. I'd also HIGHLY recommend Hazlitt's Economics in One Lesson

Obviously you never learned about unintended consequences and learned at the Leftist school of economics. Individuals, businesses and corporations do what is best for them. The more you tax, the less money their is available for investment in expanding the company. It affects hiring new employees. If affects adding more stores. You also don't understand that rich people hire other people to design and build their mansions. You think the Biltmore House was built by the owner? Do you know how many jobs it created? How many trades were TAUGHT to people who could use that skill elsewhere? Ferrari's provide jobs just like Chevy's. Leftists are just so brain-dead it is frustrating.

Unfortunately, these days more and more of the components in "American" cars are being made elsewhere. There is a reason so many of the big 3 have their engines and transmissions build in Mexico and China. Fire All Incumbents. Viva la revolucion.

I think you'll find that the Mexican Engine/ transmissions is a thing of long standing! I did see an interesting new *wrinkle* in imports a couple days ago: a four tine weeding fork was made in AUSTRIA!~that was a welcome change but would be better made in, maybe Pittsburgh?

This is an utterly stupid comment based on total ignorance. Especially this jewel of stupidity:

"Taxing the rich more would allow the less rich to pay less..."

Two question for you genius.

1. How come Obama is not talking about a tax cut for the"less rich"?
2. How much less than "zero" can the 47% that pays no taxes pay?

The "rich", as defined by Obama's $200K/year standard, already pay roughly 84% of all taxes in this country.

Here's what you need to get through your head. The country set a record for tax revenues in Fiscal 2006 with $2. 56 trillion under Bush and the Republicans. The next year Pelosi and Reid became Speaker and Senate Majority Leader and it's gone downhill ever since.

This country was founded the principle of property rights. My salary, investments, etc are no less property than my house; a graduated income tax punishes, and it is in every respect...stealing. The government could confiscate the entire wealth of the 1 percent and it not only wouldn't be enough, but it never be enough...government doesn't understand the concept of budget, and liberals have never known a borrowed dime they didn't spend.