Posted on 11/01/2008 10:27:56 AM PDT by WackySam
Barack Obama is already setting the stage for his Marxist-based plan to redefine America through the confiscation of the income of some and its redistribution -- according to the whims of Obama and his supporters -- to others.
Obama promised at first only to steal the money of people making over $250,000 in one year. In other speeches he then dropped that amount to just $200,000. A few days later, Obama's running mate declared that the confiscation would begin with people making $150,000 in a single twelve month period and today Obama surrogate Bill Richardson lowered the figure again, now stating that "the rich" who Obama plans to punish for their success is anyone who dares to exceed $120,000 in earned income in the period of a year.
Now, the reality is that a good many people who make $120,000 in a year only make that amount after a long career of working, at first, for minimum wage, than making their way slowly up the ladder as their skills and knowledge increase and their worth to an employer increases. When these people finally enter the realm of what leftists call (for the moment) "the rich" this is the payoff of a lifetime of work, sacrifice, compromise, thrift and more. It is money that is to be used for the rest of their lives. When the multi-millionaires in Congress -- people like Obama (whose home alone is worth many millions, and was purchased only after a quid pro quo with convicted mobster "Tony" Rezko) -- declare that, at the end of their careers, anyone making a little over $100,000 dollars will have their money confiscated at a higher rate, they are condemning hard working and good people to welfare as they won't be able to take care of themselves in their retirement.
Ah, but so is the plan. When people are on welfare, they become de facto wards of the state. Just as parents can say to their kids "so long as you live under my roof you'll live by my rules," Obama knows that the more people he can force onto the government dole the more control he can have over their lives, behaviors and choices.
Face it, to the Left rich is anyone who works for a living, has health insurance, saves money, plans for retirement, avoid excess credit, self-sufficient and has enough to get by in an emergency.
The highest, worst, and most painful tax that a B.O. regime will impose - and it will hit the poorest people hardest - is inflation. It is the price paid for debasing the currency and running the printing presses at full speed.
Additionally, they also obviously don't know what OASD and FICA-MHI taxes are since they couldn't be working and EARNING a living.
If you couple these taxes with health insurance premium payments, retirement plan payments, life insurance payments in addition to all of the other 'sin' taxes, you end up with less than half of that "$120,000" jackpot.
They can go f@ck themselves.
I bet. The majority of leftists are so f***ing stupid, they couldn’t make that much money without cheating.
I earn more than that and I assure you: I am NOT filthy rich. In fact, we live in extreme modesty. Only a 2300 sqft house (when you include the “finished” garage) and two cars that are so old they are both paid off. And that’s in SC where the living is cheap.
It’s the same old game they’ve played for years. They redefine what rich is and throw in some odd little taxes here and there and surprise! You’re rich too!
120K hits a teacher and police officer in California or New York.
It hits two engineers, or a nurse and a hard working electrician.
They’ve lowered the level to hit a lot more people.
In the Seattle area, 120k a year won’t qualify you for much of a home loan.
Does anyone have a chart that indicates income by class.
Upper Class =
Middle Class =
Lower Class? =
Poverty Level =
Just curious. Someone in my office asked me. (She’s an Obot)
You’d have to ask the original poster. I only comment on the amount.
I disagree. Inflation hits hard at both savers and those on fixed nominal income. It forces savers to become speculators, as "safe" investments yield negative returns after tax and inflation. And, although I believe Obama will accelerate the process, inflation is already baked into the cake with existing policies (bailout, actuarial Social Security/Medicare future expenses).
All taxes are ultimately paid by the consumer. The consumer is the only one who can’t pass the cost on.
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