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November 3, 2008

The Master of Chump Change

Obama is once again giving new meaning to the term "chump change." Quoth the Moonbat Messiah:

Well, right now, [those making at least $250,000] are getting taxed at 36 percent. Under Bill Clinton in the 1990s, they were being taxed at 39.6 percent. You are talking about a 3.6 percent difference, and for the average person who is making half a million, a million dollars … that's chump change, that's nothing.

As Hot Air points out:

At $250,000, an additional 3.6% isn't chump change. It's an extra $9,000 that goes to the federal government on top of what they already take. That money could go to the college funds for his own children, or get invested in businesses that create jobs, or just get spent and create even more jobs for others in the community. Instead, it will go to Washington DC, get filtered through ever-growing bureaucracies, and perhaps a tenth of it will actually go to any purpose — if that.

But from the point of view of the massive government Obama promises to bloat, the $thousands you sweat for are just drops in a fetid ocean of waste.

ObamaChange.jpg
Chump change, via Obambi.com.

On a tip from J.

Posted by Van Helsing at November 3, 2008 12:12 PM

Comments

"Chump change" isn't going to fund the trillions in new spending Chairman O has proposed. None of the Obamunist trolls who've been spewing their nonsense here have been able to explain where the money will come from either.

Posted by: V the K at November 3, 2008 12:22 PM

With EMPORER MING THE MERCILESS OBAMA in charge we can get ready for plenty of new taxes,regulations,,litigation and other such things

Posted by: Spurwing Plover at November 3, 2008 12:35 PM

Not to mention that thanks to inflation, using the same income tier that existed under Clinton has massive implications...

A $250,000 income in '93 is equivalent to a $175,000 income today.

Posted by: Dave P. at November 3, 2008 12:43 PM

36 to 39.6 isnt a 3.6% increase, its a 10% increase.

If The Messiah wins the only hope will be if enough moderate Democrats and non RINO Republicans stand in the way of his economy destroying plans. Unless The Messian disbands Congress and declares himself President For Life.

Posted by: Anonymous at November 3, 2008 12:59 PM

Posted by: nanc at November 3, 2008 1:35 PM

Until the Messiah starts voluntarily paying this higher rate, that he hasn't had to pay for the last few years when he's made his millions, he can go FU@& himself. Why can't these money-hungry liberals pay these higher taxes NOW? But they expect the little people to fork over 'chump change'. Hypocrite.

Posted by: Paul at November 3, 2008 1:41 PM

"A $250,000 income in '93 is equivalent to a $175,000 income today."

Dn't you have that backwards, DAVE?

I want to lock Obama and his cronies in a room with a stack of the "basic ecconomics" movies we saw in GRADE SCHOOL back in the sixties and not let him out untill he watched every one of them, TWICE!

Posted by: KHarn at November 3, 2008 2:13 PM

I'm tellin' ya folks... gold.

I've been reading my great-great-grandfather's journals from 1865, when he was in (then under occupation) Louisville KY. He had come from New York looking for work with the Army. An ounce of gold was $20.

He writes about buying breakfast, a loaf of bread and a cup of coffee. 10 cents each. The next year, back in New York, he bought an overcoat for $20.

Gold is now hovering in the neighborhood of $725/ounce (last spot 721.60 as I write this). When you compare the prices today to prices then IN DOLLARS, things seem so much cheaper then. Compare the prices in OUNCES OF GOLD, and you'll see they're roughly the same, if not lower now when you're paying in gold.

It may unnaturally spike (like it did ca 1980), but it never dips unnaturally low. Bottom line: Gold holds value. When the One does what Carter did, and dollars aren't worth jack, any gold you bought now will still have an absolute value that is roughly the same, if not more.

In other words, dave p., in '93 gold was around $400 an ounce. 250k in 93 dollars is worth 625 oz. of gold. In 2008, that 625 oz. is worth $451k (at today's spot price).

Posted by: Anonymous at November 3, 2008 2:32 PM

HOW CAN SOMEONE STOP ACORN ON ELECTION DAY ?
Just imagine:
ON MONDAY NIGHT- the night before Election day - ACORN VANS HAD THEIR TIRES SLASHED OR AN ICE PICK HOLE PUT INTO THEIR VAN'S OIL FILTER. AND ACORN OFFICE HEADQUARTERS HAD THE KEY LOCKS SQUIRTED WITH CRAZY GLUE. In theory of course.

THIS WAY ON TUESDAY MORNING, NO VANS WOULD BE ABLE TO TRANSPORT THE FRADULANT VOTERS, AND ACORN WILL HAVE TO GET LOCKSMITHS TO GET INTO THEIR OFICES.

NO HURTING ANYONE, NO CRAZY STUFF. JUST DISABLE THE VANS and LOCKS.

Not advocating this.. I was not brought up that way to actually do these things. If I was just a little more daring, I would have bragging rights to keep me busy for years. Wouldn't it be vindication? Oh well.
Oh and here is a link to their locations.

http://www.acorn.org/index.php?id=12345

So many Acorn buildings, so much voter fraud. THIS IS NOT FAIR. .
My friend and I were sitting here and we are so frustrated with Acorn. I wanted to post on message boards to see how frustrated others are.

Posted by: Tbone at November 3, 2008 2:41 PM

"A $250,000 income in '93 is equivalent to a $175,000 income today."
That's right which is why people making less that 250k need a break. $42000.00 is more like 30k. I have a hard time worrying about people making 5 times what I do when my family and I are sinking.

Posted by: ckerst at November 3, 2008 3:28 PM

Tbone-
Then you better vote for McCain. Barack has promised to reverse the Bush Tax Cuts, raising taxes on those making $42K a year.

Posted by: BiasedGirl at November 3, 2008 3:32 PM

You haven't seen sinking yet, when post turtle obama cranks up taxes on corporations, there will be fewer jobs at lower pay, and everyone's prices for everything will be raised across the board. This is like a regressive tax where the lowest income people are hit the hardest. Plus he's promised that your electric bill will skyrocket. If you can't worry about people making 5 times what you are, worry about yourself. Some friend of the poor and working class you have there.

Posted by: Mr Evilwrench at November 3, 2008 4:04 PM

The fact remains, it is their money.

The Left can argue that they aren't socialists or communists but even though they don't nationalize industry outright what they do believe in is nationalizing the population through taxation. In effect it is the same thing.

Posted by: Kevin R at November 3, 2008 4:34 PM

Under Chairman O, taxes are going to be "redistributed" from your paycheck to federal bureaucracies, wealth is going to be spread around to Tony Rezko, Father Pfleger, ACORN, and other Ocronies. Mark it.

Posted by: V the K at November 3, 2008 5:28 PM

They don't nationalize industries outright or per se, but they nickel and dime them with regulations, red tape, and mandates, until the nominal "owners" no longer have any discretion over the disposition of the income of the operation, where to locate, whom to hire and at what wage, whom to fire, how to advertise, etc etc. By then the operation is defacto nationalized. Operated at the whim of some unelected bureaucrats that have no interest in its profitability, just like if it was nationalized outright.

Posted by: Mr Evilwrench at November 3, 2008 6:53 PM

Bingo, Mr Evilwrench. Well put. Well said.

Posted by: Kevin R at November 3, 2008 7:48 PM

BO’s smash-and-grab plan is based on his ratty concept of “fairness.”


Since when is “fairness” a model in any conceivable economic theory besides socialism? But what do you expect? We have allowed injustice and criminality to run wild in order to atone for a culture of imagined victimhood in one insane form or another. We have cultivated this BO putrifaction.



And the rotten liberals are more smug than ever.

Posted by: Fiberal at November 3, 2008 9:06 PM

YOU CAN KEEP THE CHANGE ITS WORTHLESS

Posted by: Spurwing Plover at November 3, 2008 11:25 PM

Evilwrench...

Very astute prediction. Did you make the connection though, between that and what old 'Dolfie did to Krupp, Messchershmidt, Volkswagen... hell, even the fashion firm Hugo Boss (they designed and produced uniforms for the SS and Gestapo).

Fascism differs from Communism in that Communism is state ownership of the means of production, wheras Fascism is state control of the means of production. Sure, Krupp made some money during the war.... but you have to look at it this way:

The Fuehrer arrives. He tells you and your board of directors that you will produce this many of that, and the State will pay so much. The implied message (what with all the SS around) is that "if you don't agree to this, there's a train of cattle-cars headed east, leaving tonight. I'm sure some of your subordinates would agree to meet our needs, given the chance. Perhaps there will be a NEW board of directors tomorrow."

What would you do?

Posted by: hiram at November 4, 2008 12:00 AM

Posted by: Anonymous at November 3, 2008 12:59 PM

Exactly, it's a 3.6 percentage point difference. The One doesn't understand basic economic terms any better than he understands, well, anything economic, really.

Posted by: mandible claw at November 4, 2008 1:54 AM