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November 1, 2008

Definition of "Rich" Continues to Plunge

At first Obama was only going to loot those making over $250,000 per year, so that the rest might enjoy the fruits of their labor in accordance with the principles of socialists, pirates, muggers, and other wicked thieves. Then it became $200,000, then $150,000. It has now reached $120,000. According to prominent Dem Bill Richardson:

What Obama wants to do is he is basically looking at $120,000 and under among those that are in the middle class, and there is a tax cut for those.

The RNC comments:

At this rate, it won't take long until Obama is again raising taxes on Americans making as little as $42,000 a year.

Once these looters have consolidated power, the rich will be defined as anyone foolish enough to work for a living. Everyone else will get tax "rebates" — i.e., they will be handed your money in exchange for the political support they give Democrats.

No wonder liberals screech in outrage when the Ten Commandments are publicly displayed. They must find Thou Shalt Not Steal particularly oppressive.

On tips from Matt L and Wiggins.

Posted by Van Helsing at November 1, 2008 12:27 PM

Comments

With the Reid-Pelosi-Oblabla Troika in power, there is no chance that the Bush tax cuts will be renewed next year. I've heard this described as being effectively the largest tax increase in history. This is before we even begin talking about Oblabla's astronomical increases in spending. Prepare to be kicked in the ass by your tax-cutting hero, all you credulous, gullible libs!

Posted by: ent at November 1, 2008 12:42 PM

I dare to remind that all modern dictatorships were established on the base of appeal to "abased and aggrieved" (aka: the poor): Bolsheviks, Nazis, Communits, all promised to their electorate the immediate bliss by governmental making the rich poorer and the poor richer.
This scheme never went further than another one mess of pottage.
The reason?
If all those power-seekers would make their electorate happy as promised, their electorate will be eliminated since it will be "abased and aggrieved" no more.
History had clearly proven how foolish would be expect from Commies/Nazis to be honestly wanting real life improvements.
Good life means no dependence on government. Therefore, good life and Commies are mutually excluding notions.
Hello from a person who's got personal experience of living under them almost 50 years.

Posted by: Constantine Ivanov at November 1, 2008 12:44 PM

Obama is a liar.

Posted by: Jimbo at November 1, 2008 2:48 PM

Remember, those numbers are for FAMILIES, not individuals. From Obama's site:
http://www.barackobama.com/pdf/taxes/Tax_Plan_Facts_FINAL.pdf

So, a man and wife each making $60 thousand are "rich." In New Jersey and New York, that ain't rich.

Posted by: Jim - PRS at November 1, 2008 3:27 PM

Jim-PRS,
I'm into Obama's "sock it to 'em" range, and I am rich only as compared to his African half-brother. When the Almighty O's taxes kick in the pool guy, the yard guy, and the occasional handi-man are history and in his 'free cheese' line.

I suppose, according to him and uncle joe - that makes me "unpatriotic".

Screw 'em.

Posted by: Jimbo at November 1, 2008 3:51 PM

You have to understand that the Obamessiah has the right to change around what he says at any given moment. You see, whatever he said most recently is the truth. Whatever statement he makes before that should be ignore.

Posted by: Patrick Britton at November 1, 2008 4:06 PM

Dear Senator Obama...

Not wanting to give the government more of our money to spend irresponsibly and inefficiently on someone who didn't earn it, but wanting to keep as much as possible to provide for our own family's safety, comfort and general welfare is not "selfishness", it is "self-reliance".

Posted by: V the K at November 1, 2008 4:15 PM

Hello from a person who's got personal experience of living under them almost 50 years.


Madam,

I'm afraid we will all be subjected to the personal experience of living under Communist rule, or the next closest thing, once the egoist BO is elected.
The gun-to-head metaphor seems apt (previous posting) since this was the preferred method of execution for state enemies of the KGB.



When BO changes his mind to include virtually all taxpayers in his 'legal' intimidate-steal acquisition schemes, he will be forgiven by liberals since "all politicians shift or alter policies after election."


Liberals lie, chronically. And not for a minute should anyone believe that BO has any great, all-consuming empathy for the Poor as an oppressed class transcending all aspects of race, creed and circumstance; rather for BO as with almost any liberal, the redistribution of wealth is purely a racist ideology.

Posted by: Fiberal at November 1, 2008 5:48 PM

Oh, and BTW, evidence of BO's Great Compassion for the Exhalted Poor?
Start with his Aunt Zeituni, an illegal alien living in a rundown housing project in Boston, and with his African brother who lives in a paper shack on 12 bucks a year.



....for a start.

Posted by: Fiberal at November 1, 2008 6:21 PM

The info on Obama's 1/2 brother in Africa has been out there for months. It's too bad the GOP didn't do a campaign to raise funds so the guy could live a little better. Wouldn't that have been a heck of a way of making Oblama look like even more of an ass?

Posted by: PabloD at November 1, 2008 7:00 PM

Sean Hannity said tonight he'd send Barry's bro ten thousand bucks if Obama agreed to come on the show for an interview. I'd bet Barry's brother won't be getting 10 grand.

Posted by: Thulsa Doom at November 1, 2008 8:27 PM

Last year Nancy Pelosi spent $16,000 on flowers for her office. That is what I paid in taxes that year. It took every dime I made for 3 months. If I could spend that money my mortgage would be paid in three years, after that I could buy a new car, upgrade computers for my business or any number of things that would put that money directly back into our economic engine.

Now the day I don't have to pay a tribute to that hag's vanity or contribute by proxy via earmarks to that idiot Murtha's reelection then that will be the day I will feel that my contribution matters. Until then I will take care of number one and not pay them any more than I have to any sooner than I have to.

Posted by: IOpian at November 1, 2008 8:44 PM

I'm just musing here, but what would happen if 10,000,000 people decided to ignore April 15th?

Posted by: Henry at November 2, 2008 6:30 AM

We wouldn't be able to support the war.

Posted by: Anonymous at November 2, 2008 7:08 AM

Anonymous missed the point...

Posted by: Henry at November 2, 2008 8:14 AM

Last year Nancy Pelosi spent $16,000 on flowers for her office. That is what I paid in taxes that year. It took every dime I made for 3 months.

Nancy Pelosi is one of the wealthiest members of congress. She is, I can safely assume, voting for Obama. This means she supports a tax increase for herself and, based on the information you've given, a tax decrease for you.

John McCain is even wealthier than Pelosi. He wants to reduce the tax to the rich. And he wants to tax your healthcare benefits.

Wow! Pelosi is such HAG!

Posted by: Anonymous at November 2, 2008 8:16 AM

"Anonymous at November 2, 2008 8:16 AM"

If you are employed, Anony, I would bet that you are employed by RICH PEOPLE. How many recipiants of Obama's "charity" will HIRE people who would then PAY TAXES to pay for the handouts?

Posted by: KHarn at November 2, 2008 10:14 AM

Well, it turns out
the economy does better under Democrats.


But since that is a left wing blog how about
The Christian Science Monitor.

Posted by: Anonymous at November 2, 2008 10:45 AM

Posted by: Anonymous at November 2, 2008 10:48 AM

Folks. Before taking this anon thing on, notice the logical fallacy developed in the arguments: its called various names such as pipelining, scattershots, blasting, etc.
Its where the opponent spews out huge amounts of data and information all at once such that all focus is lost and the onus goes to the recipient to counter. Then any weakness in your counter will be seized upon.
(Actually, this has been BO's main campaigning tactic)

BTW also notice the misrepresentation thrown in: John McCain .... wants to reduce the tax to the rich. And he wants to tax your healthcare benefits.

This is the "Republicans are the party of the heartless Haliburton rich" and "they'll take your social security checks" tactics liberals use every election.

It all amounts to the same stock-in-trade for liberals: lying.

Posted by: Fiberal at November 2, 2008 12:09 PM

You can choose to disagree with me but I'm not lying (as opposed to the post regarding Michelle Obama and the Waldorf which was retracted by the Post on the 21 of October - easily verified).

McCain does want to reduce the tax to the rich - particularly businesses. This is the basis of Trickle Down Economics. Geesh! Do you know what you are voting for?

Posted by: Anonymous at November 2, 2008 1:22 PM

You can choose to disagree or ignore the analysts but I'm not lying (as opposed to the post regarding Michelle Obama and the Waldorf which was retracted by the Post on the 21 of October - easily verified).

McCain does want to reduce the tax to the rich - particularly businesses. This is the basis of Trickle Down Economics. Geesh! Do you know what you are voting for?

Posted by: Anonymous at November 2, 2008 1:30 PM

A small tax increase on the rich is not going to nearly pay for Chairman O's expansion government plans. Just to name a few:

- Add 47 million people to Medicare.
- Billions for alternative fuel schemes.
- Hundreds of billions in infrastructure investments.
- 85 billion annually for third world despots (Global Poverty Act).
- 70 Billion in tax welfare to people who don't pay taxes.
- College tuition subsidies
- Federalized daycare (a.k.a. Universal Pre-K

So far, not a single Obamunist troll has explained how Chairman O is going to pay for all of this.


Posted by: V the K at November 2, 2008 2:35 PM

Plus which, America already has the highest corporate income tax in the industrialized world. Even Sweden has cut its corporate tax. These crippling tax rates make America and unattractive place to do business, and drives manufacturing jobs overseas. Chairman O wants to make the corporate tax rate even higher.

Posted by: V the K at November 2, 2008 2:39 PM

Let's not forget his "civilian defense force", whatever the scary hell that is, which he says will be every bit as large and well financed as the defense department. That's a 20+% increase in the federal budget right there!

Posted by: ent at November 2, 2008 3:29 PM

You mean a defense force like this?

Alaska State Defense Force.

Posted by: Anonymous at November 2, 2008 4:04 PM

Unable to answer on how Chairman O plans to pay for all his expansion of government, the cultist attempts a diversion.

Posted by: V the K at November 2, 2008 4:31 PM

So far, not a single Obamunist troll has explained how Chairman O is going to pay for all of this.



They can’t and neither can BO.
BO will have to continue to lower the income threshold for defining “rich” to be taxed under his smash & grab plan.


Here's a likely scenario under BOism.

Fact is, BO and the democrats cannot pay for the socialism they want. Rather, with a democratic house, BO and his supplicants who have never run a business, written a paycheck, taken a class in economics or balanced a budget will pass a huge experimental tax to be levied on small S-corp and LLC style businesses, midsize to large corporations and on individuals (we know that BO has tried to tax at the $42K bracket) in the name of "fairness". Unemployment skyrockets. 401Ks will continue to deteriorate and dividend payments will contract and disappear. T-bills, CMBs,CDs and other financial instruments will uniformly become jokes. Stock sell-offs go to a frenzy as prices drop.

ACORN will be solicited by congress to form “Community Rapid Action Police (CRAP)” and will be permitted to carry heavy firearms. Conservative talk radio is halted under new "hate laws".


Money taken from the productive sectors will be redistributed to the non-producers in the form of stimulant packages. Unemployment and part-time employment will continue to rise amongst the “selfish”. Draconian restrictions are placed on social security, Medicare and Medicaid reimbursements. Medicine crashes under the weight of Nationalization programs. Investments and venture capital dry up further. The Fed has nowhere to go. Money will be printed with impunity on whimsical orders of the President. The resulting inflation will continue to eat away at savings. The GDP declines markedly. Meanwhile an underlying level of rot amongst derivative trading will escalate, bringing down the economy even further in ways that cannot be traced or comprehended.

BO supports a pay raise for all cabinet, staff and members of the newly formed National Socialist Peace-Keeping Forces.


Atrocious new acts of terrorism will be delt with with total apathy and impotence by the BO administration.


Liquor stores will thrive. Gold funds are nationalized. All drilling within 200 miles of shore is halted by the new Green Crime Forces. Murder rates reach levels similar to that found in Palestine (previously Israel) on a good day. New affirmative action programs abound. Prosecution of known Republicans take place in what was once Guantanamo. A tremendous recession, a surge of permanent stagflation and more unemployment gets underway. Real estate prices plummet further as people give up; short-selling goes to zero.

Meantime taxes will continue to go up further due to the $700B subprime “bail-out” that comes due, the Bush tax cuts expire and the Alternative Minimum Tax kicks in and is adjusted downward to catch any and all employed. Business in the US will shrink and either fold or leave. Millions of individuals will start looking to pyramid schemes like “Amway” and “Mary-Kay Cosmetics” for primary income. BO brings in more welfare programs. More bankruptcies ensue. City projects end. Variable oil prices will destabilize what’s left of the economy and more BO-type city mayors and congressmen will be elected. Demands for federal funding becomes futile and most scientific research goes to unprecedented levels of decline. Guns will be confiscated from homes and individuals who protect their homes with “illegal” guns will be prosecuted to the max. Three of the faces on Mt. Rushmore will be destroyed Taliban style (Lincoln, severely disfigured, survives). Suicide rates go exponential.




Meanwhile, the long-suffering public will keep their heads firmly inserted into the posterior of their favorite athlete.


Then 2012. Ronald Reagan.


Blade Runner

Posted by: Fiberal at November 2, 2008 5:15 PM

McCain does want to reduce the tax to the rich - particularly businesses.

Ah, and? Do you have something against rich people? I earn a very poor wage and get very poor benefits, but I am not opposed to a cut in taxes for people who are better off than me. Why? Because they already pay a much higher tax rate than I do. But then that's just me, I guess; and it would be silly to assume that a liberal could take a well-adjusted outlook on life and not resent others for having more than they do personally. Even if I did resent people with more than I have, I could simply look at tax revenues and note that traditionally, higher revenues are gained when taxes are lower, because there is higher growth so more to be taxed at the lower level, investment increases, wealth is less likely to be repatriated, etc. Economics is not a zero-sum game: not in a free market system. Unfortunately liberal idiots like you either can't understand that, or don't want to. If someone has more than you it can't be because they worked harder, are more talented, or are simply more fortunate. It must be because they CHEATED AT LIFE and for that they must be PUNISHED, even if that punishment will actually result in less net benefit for EVERYONE involved.

This is the basis of Trickle Down Economics. Geesh! Do you know what you are voting for?

Yeah, we do. Well, I'm not voting, I'm not American, but thanks for asking. Are you going to stop pretending your guy isn't a socialist some time?

Posted by: Anonymous at November 2, 2008 1:22 PMM

Posted by: mandible claw at November 3, 2008 12:26 AM

Hey, anonymous trolls, Obama wants to raise the capital gains tax in the name of "fairness," even though that results in less revenues. How can you consider supporting someone who knows that little about basic economics? Or are you just doing it because he panders to the whimpering, but vindictive, victim inside all of you who wants to hurt society at large and the evil rich because you're such abject fucking failures yourselves?

Posted by: mandible claw at November 3, 2008 12:31 AM

Libtard: educate thyself.

Posted by: mandible claw at November 3, 2008 12:35 AM