Eat The Quarter Millionaires
$250,000 sounds like a lot of money doesn’t it? The Democrats would sure have you believe that. Actually, if you are reading this you probably already realize the games that are being played by the Democrats with regards to class warfare but their divisive message isn’t meant for you. It is meant for their base which appears wholly incapable of analytic thought or reason. The Democrats want to tax “the rich” so badly that they are willing to further impoverish the working class with a tax hike come January. They disingenuously refer to the the extension of the current tax rates as a “tax cut” when in fact it is not. To allow the Bush tax cuts, or as I prefer to call them, the present tax rates, to expire is tantamount to a tax increase during the worst economic environment since the Great Depression. The compliant liberal media is fully on board with their nonsense as well, as many anchors and commentators are droning on about how “tax cuts” will “add to the deficit.” This is patently absurd as tax cuts do not add to the deficit, spending does. Of course the media is well aware that they are selling rubbish to the American people. They know that extending the current tax rates for everybody is important, fair and necessary. This however, runs counter to their ideology and they can not admit that their ideology is flawed so they plow ahead, stating nonsense as fact, hoping their dwindling viewership is dense enough to buy it. Even the President knows it is nonsense. The President stated that extending the current tax rates would create jobs. He has known this all along of course since he even stated while campaigning that tax cuts create jobs and result in greater amounts of money flowing into the treasury. In the same breath he stated that it wasn’t fair to give tax cuts to “the rich” fully exposing his flawed ideology. It is only when he is backed into a corner that he attempts to do the right thing. The vile reactions to his efforts from members of his own party only serves to highlight the depths of their depravity. This attempt to make villains of “the rich” is doomed to fail as most people realize they have never been hired by a poor person. Traditionally, Americans like, and are fascinated with the rich. Most Americans would like to BE rich. If you make $250,000 per year are you rich? I think not. If you make $250,000 per year you are probably a small business owner and you are probably working extremely hard and diligently to earn this money. You probably employ some people and provide them some benefits. You probably give to charity. You probably live well but the last time I checked, this was not against the law. People making $250,000 per year are in the top 1% of earners in the United States and already pay 37% of the income taxes collected. These people are already doing their “fair share” and do not deserve the shameless vitriol directed at them by the Democrats especially when the people spewing the venom, are themselves, quite well off. The current tax rates need to be extended for everybody. I submit that the Republicans might be better off waiting until the new congress is seated and extending the rates retroactively and permanently since parts of the recent proposed “compromise” are not entirely palatable. I believe that the President would have to sign off on this as a veto would probably be political suicide. Businesses can not make long term plans or projections with a temporary extension of the tax rates. Businesses require some level of certainty and they are not getting this from the current crop of Democratic grifters and class warriors.