Obama just loves to vilify the cigar-chomping, little-guy stomping rich. The liberals still dense enough to support him believe it, and more importantly (and more frighteningly), the Occupy Wall Street mob has decided to take action (albeit scattered and disoriented) against these “evil rich” phantoms.
But who are the “evil rich?”
“Millionaires and billionaires, billionaires and millionaires… oh, and that pesky plethora of corporate jet-owners.” But what Obama has outlined in his budget would increase taxes on individuals and families earning only a fraction of that amount. His taxes on the “rich” would hit individuals earning more than $200k/year and married couples earning more than $250k/year.
Let’s personalize this. My parents would fall into the “rich” category. My dad went to college, got good grades, got a job and climbed the corporate ladder, basically from the bottom. He was able to make enough to support my mom and me, pay off the house and cars, all while saving for retirement and a vacation here and there. He was able to do this while keeping a comfortable lifestyle, but truth be damned if you’ll see my mother carrying a purse costing more than 20 bucks, or my dad trading in his 10-year-old vehicle. Like I said, they live comfortably, but hardly the glitz and glamor, little dog-carrying and cognac-sipping extravagance that Obama would like you to believe. Also, like most families, mine has also taken a hit by the economy, forcing them to cut back on labor and completely pull out of the market. This is a very common reality among upper-middle class Americans. They spent and saved their money wisely like any NORMAL, RESPONSIBLE PEOPLE. But under Obama, they have gone from being considered the upper-middle class, to the “evil rich,” ruling class… the Bourgeoisie.
In the Occupy Wall Street mob, you see the modern-day “Proletariat.” The downtrodden, put-upon “lower” class, pissing and moaning about the “super rich” and capitalism, and tweeting about it on their iPhones and Macbooks, lapping up their lattes and holding up signs that are either vulgar or make absolutely no sense.
*WARNING: Language and images may be deemed inappropriate for, well… anyone.*
I find it absolutely INFURIATING that these twisted, classless ANIMALS are being compared to the Tea Party by the liberal media. I’ve been to Tea Parties in the past, and these people would be shunned, laughed at and/or ignored. The ONLY thing they have in common is their anger, but in no way should their direction of that anger or the makeup of the groups be compared. God help me if I ever felt it conducive to paint a sign advertising that I shaved my genitals. Unbelievable…
And shame on you if you’re naive enough to think this occupation will end peacefully. Individually, I think these people are harmless, but NEVER underestimate the power of mob mentality. Revolutionaries see history and recent events around the world, and they truly believe that the ONLY way to win a revolution is through violence. They’re on simmer right now, and as soon as Bloomberg decides enough is enough, it’s my prediction that we’re going to see some serious conflict.
But I don’t want to be a “fear monger” as many in the liberal media would have you believe people like me are. I digress. So, again, who are the evil rich?
According to the IRS, tax filers with $200,000 or more in Adjusted Gross Income, the “rich” in America made up about three percent of all tax filers in 2008. They earned 30 percent of all income and paid 52 percent of all income taxes, paying an average tax bill of $123,264. The average income tax bill for the handful of Americans who earned more than one million per year was a whopping $780,039.
On the other hand, individuals making less than $200,000 paid an average of $5,734 while those making less than $50,000 paid an average of $1,796.
A large percentage of the “rich” in America are also small business owners. According the Heritage Foundation, 65 percent of all married couples with incomes above $250,000 and 50 percent of all individuals with incomes above $200,000 report business income. In Obama’s words, these “small businesses are the heart of the American economy. They’re responsible for half of all private sector jobs—and they created roughly 70 percent of all new jobs in the past decade. So small businesses are not only job generators, they’re also at the heart of the American Dream.”
However, they’re the targets of Obama’s new taxes. Estimates from the Tax Foundation show that nearly 40 percent of the estimated tax revenue generated by raising the top two marginal tax rates will come from small business income.
See, liberals like Obama believe that government—which loses a trillion dollars a year—is smarter at spending money than you, and money is a heck of a lot easier to spend when it isn’t yours. Not only does the government not have the same incentive to grow your money, but they have unlimited access to additional funds through taxing you more and borrowing more from our besties in the East.
Now can you see why Obama has basically endorsed these lunatics on Wall Street? He needs them on his side. He needs them to deflect the failure of his economy and onto something else. The ONLY way Obama has a fighting chance at winning a second term is by deflection and distraction. He’s dangling something shiny in front of you while robbing you out of house and home… and the American Dream.