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To: TomGuy

Kerry also openly proposes to raise taxes on wealthy people, yet the wealthy as a class almost overwhelmingly prefer Kerry when polled.

Kerry is an anti-defense liberal who will NEVER prosecute a war on terror with the vigor of Bush... plus he is a staunch globalist who has never criticized the UN - a bastion of antisemitism- yet American Jews, whose throats would be collectively cut in a millisecond by al Qaeda, plan to vote for Kerry in overwhelming numbers.

So it is impossible for many of us to understand the logic thought processes of Kerry supporters who will be adversely affected by a Kerry presidency, including the second tier bureaucrats in those government agencies against which Kerry has an 20 year long hostile voting record.


18 posted on 10/30/2004 5:50:58 AM PDT by silverleaf (Fasten your seat belts- it's going to be a BUMPY ride.)
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To: silverleaf
Kerry also openly proposes to raise taxes on wealthy people, yet the wealthy as a class almost overwhelmingly prefer Kerry when polled.

There is a simple answer here. The mega-rich, i.e., the Kennedys, the Heinz-Kerrys, Rockefellers, etc., by and large, derive their income from dividends, not wages. Dividends are not taxed at the same rate as wages. This is how TerAAAAsa gets away with paying a scant 12% on her income, while successful working Americans, mostly small business owners, pay almost triple that amount, not to mention all the "hidden" taxes. What sKerry has proposed is an increase in the top marginal income brackets from wages by eliminating the Bush tax cuts. This would not affect dividends. sKerry would probably raise the Capital Gains tax rate back to 20% as well. This means small business owners, that is those who employ about 80% of our workforce, would be hit the hardest under a sKerry administration. Don't get me wrong, I'm not supporting sKerry, but given this, if you were mega rich, wouldn't you support sKerry too?

One thing is for sure, if sKerry is elected and these sorts of tax policies are enacted the economy is certain to slow down and government tax receipts will also go down. Then, sKerry will go out and say that there isn't enough money and the rest of the American workers will be taxed and the mega rich will sit back, sipping lattes while the rest of us try to make ends meet.

21 posted on 10/30/2004 6:19:05 AM PDT by Thermalseeker
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