REDISTRIBUTION
Clarence makes $50,000 yearly is taxed at 75%..... nets $12,500
Leroy makes $25,000 yearly is taxed at 50% ..... nets $12,500
Bob makes $12,500 yearly is taxed at 0%..... nets $12,500
Gloria makes $0 receives Government Assistance..... nets $12,500
There was a time when Democrats and Republicans alike could talk sense about tax rates, in terms of what is best for the economy, without demagoguery about "tax cuts for the rich."
Democratic presidents Woodrow Wilson and John F. Kennedy spoke plainly about the fact that higher tax rates on individuals and businesses did not automatically translate into higher tax revenues for the government. Beyond some point, high tax rates on those with high incomes simply led to those incomes being invested in tax-free bonds, with the revenue from those bonds being completely lost to the government -- and the investments lost...
Mitt makes $100 million, pays tax of 13%, and is left with only $87,000,000
Gloria makes $0 receives welfare and nets $12,000.
No wonder Mitt is upset with the takers.
If Gloria makes $0 and receives welfare because she has lost her job is earnestly looking for another, that's one thing, but if Gloria expects Obama to pay for her new fridge then she's a taker.
Shouldn't it be up to HIM to decide what to do with it.