Obama's contradicts himself in his speech today

LadyJazzer wrote: Yep I think you're right... I think I misheard the quote... If someone is making more than $250K, I would still be so worried about them, though...

I'm guessing you heard the quote right given the truth content contained inmost of the progressive propaganda when attempting to sway public opinion and get the nation to act in true democracy tyranny of the majority fashion.........

hmmmmm.....$3/$100....that's 3% extra for everything they make over $250,000? Wow.....those poor rich people will have to shop at walmart......give up their healthcare......... send their kids to public schools...........drive a Ford........how will they cope? we can't do that to them LJ.......it's like taking the silver spoon right out of their mouth. Thank God they have the Republicans to save them from certain poverty.

I know... I'm sitting here silently sobbing just thinking about them having to choose whether to buy that second Mercedes or BMW, or cut their vacation to Switzerland by a day... Breaks your heart, don't it?

I know what to do.....we'll only take the money from the "idle" rich, I'm sure the conservatives will go along with that.....they constantly preach about the leaches on society......I'm sure they mean those with family wealth that have never contributed a thing to our society, we can put Paris Hilton on the committee to determine who is idle and who is not.....she isn't doing anything else.

Hmmm... "idle [job creators]".... Has a certain ring to it...

archer wrote: hmmmmm.....$3/$100....that's 3% extra for everything they make over $250,000? Wow.....those poor rich people will have to shop at walmart......give up their healthcare......... send their kids to public schools...........drive a Ford........how will they cope? we can't do that to them LJ.......it's like taking the silver spoon right out of their mouth. Thank God they have the Republicans to save them from certain poverty.

Indeed, or at least not hire that additional person or two at the business they own and operate because that $3/$100 on an additional $750K a year, remember we're talking about millionaires and billionaires, adds up to what, $225K or so? How many median income jobs are represented by that amount of money? Maybe as many as 5 when you figure in the tax burden of additional employees? Nah, probably closer to 4 when you figure in the cost of benefits and taxes. Who needs that $225K more do you think, the DC government to fund their charity arm or the 4-5 unemployed people who have a family to support?

PrintSmith wrote:

archer wrote: hmmmmm.....$3/$100....that's 3% extra for everything they make over $250,000? Wow.....those poor rich people will have to shop at walmart......give up their healthcare......... send their kids to public schools...........drive a Ford........how will they cope? we can't do that to them LJ.......it's like taking the silver spoon right out of their mouth. Thank God they have the Republicans to save them from certain poverty.

Indeed, or at least not hire that additional person or two at the business they own and operate because that $3/$100 on an additional $750K a year, remember we're talking about millionaires and billionaires, adds up to what, $225K or so? How many median income jobs are represented by that amount of money? Maybe as many as 5 when you figure in the tax burden of additional employees? Nah, probably closer to 4 when you figure in the cost of benefits and taxes. Who needs that $225K more do you think, the DC government to fund their charity arm or the 4-5 unemployed people who have a family to support?

No, 3% of $750,000 is $22,500 a year.

LadyJazzer wrote: I know... I'm sitting here silently sobbing just thinking about them having to choose whether to buy that second Mercedes or BMW, or cut their vacation to Switzerland by a day... Breaks your heart, don't it?

Yeah, one less airline ticket bought to support the airlines, that employ hundreds of workers with families to feed, one less vehicle sold by the owner of the car lot, which means one less sales for that hardworking salesman, one less car for that mechanic in the shop to service, one less vehicle that will need tires. That 10% luxury tax worked out so well for the yacht, auto and jewelry segments of the economy, didn't it. How many thousands of jobs did that "soak the rich" tax cost the economy again?

Kate wrote:

PrintSmith wrote:

archer wrote: hmmmmm.....$3/$100....that's 3% extra for everything they make over $250,000? Wow.....those poor rich people will have to shop at walmart......give up their healthcare......... send their kids to public schools...........drive a Ford........how will they cope? we can't do that to them LJ.......it's like taking the silver spoon right out of their mouth. Thank God they have the Republicans to save them from certain poverty.

Indeed, or at least not hire that additional person or two at the business they own and operate because that $3/$100 on an additional $750K a year, remember we're talking about millionaires and billionaires, adds up to what, $225K or so? How many median income jobs are represented by that amount of money? Maybe as many as 5 when you figure in the tax burden of additional employees? Nah, probably closer to 4 when you figure in the cost of benefits and taxes. Who needs that $225K more do you think, the DC government to fund their charity arm or the 4-5 unemployed people who have a family to support?

No, 3% of $750,000 is $22,500 a year.

Ooops - one too many zeros - thanks for catching that Kate. I should really use a calculator instead of doing the math in my head I guess.

AspenValley wrote:

PrintSmith wrote: which contribute to other companies employing other workers, which would also disappear if they disappeared. The rich give far more to the country than the country gives to them.

I think if every single person out there worth $10 million or more got freaking sucked up by alien ships tomorrow we wouldn't miss 'em a bit. A hundred years from now we'd have to beg the aliens to come back to get the new Robber Barons, but at least we'd have fifty or sixty years before the crooks grabbed everything again.

For the record, I do support going back to the Clinton tax rates for those making over $250K. Not that I like tax increases, but these are very tough times.

But I think if you got rid of everyone worth over $10 million, this country could become a third world country. It's kind of like what has historically happened when a country goes communist or nationalizes everything. The producers (job creators) are no longer motivated to produce. And many of the biggest producers (not all, we'd still have some creative people) would be in that group taken by the aliens.