In response to:

Rich? A Look at What $250,000 Means

wtmoore1 Wrote: Dec 01, 2012 10:31 AM
Dixiedrifter, Aside from your observations regarding the lack of business experience for politicians, what has this government done that has made it appreciably more difficult to run your business? The fact is, the business community cries about uncertainty and job losses whenever the government proposes ANYTHING they don't like. And since our economic history undermines the claims that the rich will simply take their ball and go home if tax rates are raised, it's a pretty flat claim. The ultra-rich are investors, and will always invest their money in ways that will generate a profit--even if the amount taken by government through taxes is increased by a few percentage points.
wtmoore1 Wrote: Dec 01, 2012 10:33 AM
And small business owners will continue to run their businesses as efficiently as possible in order to turn a profit. The world isn't going to collapse if the capital gains tax rates are raised a bit, or some income tax deductions are eliminated. And the business community is eroding its own credibility by claiming the sky is falling while many corporations are still churning out million and billion dollar profits.

As Guy wrote about already, President Obama is proposing $50 billion in new spending on the backs of America's small business owners, otherwise known as those who make more than $250,000 per year. House Majority Whip Kevin McCarthy is out with a new video today explaining why the "rich" tax hike Obama is proposing will only make a bad situation worse for those who are barely capable of being successful in this economy. "This is Small Business America," profiles S corporation owner Jerry Gorski, who lives just 15 miles away from where Obama will kick off his campaign today...