When rich feel pinched, others say ouch. (Class Envy Alert)

The Seattle Times ^ | January 30, 2008 | ANNE D'INNOCENZIO

[Turret Gunner A20]

For the class envy crowd: Next time you're looking for a job ... see if you can go to work for a poor person.

[NewCenturions]

According to the liberals, we must rely on the GOVERNMENT to create jobs and give us high pay, not the evil rich!

[VRWCmember]

So we need congress to raise taxes on the money the rich people are saving by cutting their spending, which will then encourage them to spend more. Right?

We apologise for the fault in the preceding post. Those responsible have been sacked.

[Sgt_Schultze]

And the response from the far left crowd is to keep high taxes on companies as a reward for being successful and providing Americans jobs. While non-existent tariffs on foreign goods pressures American manufacturers, is it any wonder why jobs are moving offshore?

[VRWCmember]

Mind you, tax cuts for the rich kan be pretti nasti.

We apologise again for the continued fault in this post. Those responsible for sacking those responsible have been sacked.

[2banana]

Actually - the rich will always spend. What we had for the last 7 years was people who thought they were rich and were spending their home equity.

That game is OVER.

[tsmith130]

But economists say recent signs of the affluent cutting back could hurt the economy and deliver even more pain to lower-income workers, who are dependent on their business and fat tips.

Wait...isn't...that...trickle down!? GASP!

[MrB]

The wealthy will always have more choices available.

This is what the left despises and seeks to use the government’s power to stop.

[gracesdad]

I get your point but, good golly, $3,000 a month for clothes? Suits that cost up to $30,000?

[steve-b]

So, maybe this "economic stimulus" should be exclusively allocated to $75k and up incomes?

(Not that running up the national credit card is a good idea in any case, but I'd love to see that proposed just to watch the fulisade of exploding heads.)

[Turret Gunner A20]

Actually - the rich will always spend. Then why aren't they?

[steve8714]

Trial lawyers and pimps buy those.

[sticker]

“Trial lawyers and pimps”

Redundancy

[sr4402]

For the class envy crowd: Next time you're looking for a job ... see if you can go to work for a poor person.

The thing the Liberals forget about the Rich is that they can move to other countries and take their Jobs and Riches with them.

Fools and the Fools that Follow them (Obi Wan Kanobe)

[Turret Gunner A20]

Wait...isn't...that...trickle down!? GASP!

No, it's the influence of high taxes and other governmnent interference in the market catching up.

[ketsu]

I get your point but, good golly, $3,000 a month for clothes? Suits that cost up to $30,000?

I second the other poster. The truly wealthy(who earned their money, heirs and saudi princes excepted) only spend their money on assets. They tend to be incredible cheapy-butts too. That's how you get rich in the first place.

[ketsu]

The thing the Liberals forget about the Rich is that they can move to other countries and take their Jobs and Riches with them.

Fools and the Fools that Follow them (Obi Wan Kanobe)

Theoretically you can't as a US citizen. The US gummit reserves the right to tax you even if you live overseas and work/earn money abroad. IIRC they tax you if you make over 80,000/year. Even if you renounce your US citizenship you have to pay taxes for 10 years after that IIRC(if you want to be able to reenter the US).

[Turret Gunner A20]

I get your point but, good golly, $3,000 a month for clothes? Suits that cost up to $30,000?

Yep. Dumber than a pound of nails -- but it keeps money in circulation and creates jobs.

A whole lot better than big money going into hiding, like it did on the late 1920s -- the major cause of the Great Depression.

[woollyone]

...and create more high paying jobs by the poorer folks who now have paid less taxes.

[sr4402]

Theoretically you can't as a US citizen

I am certain there are many lawyers who may have other opinions. The truly wealthy have ways we can only guess about.

The libs and other wackos want to drive the rich out of the U.S. Once they do they can implement socialism or their version of communism all that much more easily.