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  1. #1
    Join Date
    May 2007
    Location
    Atlanta area
    Posts
    2,559

    Tax the Rich = One Week of Federal Budget

    Neal Boortz explained Obama's plan for higher taxes this way (based on info provided by the Tax Foundation):

    The federal govt spends $10 billion a day. Increased taxes on the "rich" would generate $68 billion a year (assuming that the people being taxed don't modify their incomes). That's one week of expenses.

    But Obama says he won't sit down with Republicans to talk about the budget until they agree to raise taxes on the "rich."

    http://www.boortz.com/weblogs/nealz-...taxes-rich-eh/

    http://news.yahoo.com/blogs/ticket/o...-election.html

    http://taxfoundation.org/blog/tax-in...=Google+Reader

    Boortz says Obama would fall flat on his face if he took the training wheels off his bicycle. He's still that clueless, after four years in office.
    Last edited by Space Racer; 09-10-2012 at 10:05 AM.
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  2. #2
    Join Date
    Aug 2012
    Location
    Gainesville, FL
    Posts
    325
    I love Neil Boortz. Damn shame he is retiring. I'll miss his show. He cuts no slack on the stupidity of either party.

    Obama isn't suggesting taxing the rich because of any fiscal reason. It is strictly ideological, and class warfare is what his base thrives on.

  3. #3
    Join Date
    Feb 2009
    Location
    Canada
    Posts
    6,876
    On the flip side what is the Republican's plan? Tax the poor?
    Never argue with a fool, onlookers may not be able to tell the difference. —Mark Twain

  4. #4
    Join Date
    Aug 2012
    Location
    Gainesville, FL
    Posts
    325
    Quote Originally Posted by printer2 View Post
    On the flip side what is the Republican's plan? Tax the poor?
    Create more taxpayers, get people off the dole.

    Right now the labor participation rate is lower than its been in decades, and if you aren't working you aren't paying taxes and you're probably drawing a check. We need people off the dole and paying taxes as productive members of society. Currently only 63.5% of the population is working, and more people are going on SS disability than are finding jobs, further imbalancing the equation. 50 years ago a full twenty percent more men were working than are today.

    http://blogs.wsj.com/economics/2012/...ate-on-record/

    http://www.huffingtonpost.com/mark-g...b_1865027.html

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