Evil corporations, blah blah blah. Is that all we hear in today's world of class warfare?
Corporations are owned by average people and do two major things with profits. They reinvest it (which will spur job growth) or they give it to owners in the form of dividends. Most owners are average citizens through their 401Ks and mutual fund investments.
Higher taxes will result in less investment, or less dividends. Many senior citizens rely on corporate dividends for income.
Dividends are taxed twice. First the corporation is taxed. Then granny is taxed on the dividend. So if the company makes $100, the government takes $39 in taxes, and gives $61 to granny. The government now takes another $17.
In total, out of $100 that the corporation makes, Granny gets $44 while Obama gets $56.
Who is being unfair? How much would be fair for Obama?
Wednesday, September 21, 2011
Tuesday, September 20, 2011
Obama's class warfare
Obama's class warfare is tiring. A few facts and arguments for the memory bank:
1. He makes it seem that the wealthy are weathly at the expense of the poor. In truth, Steve Jobs got rich selling Ipad and Ipods. No one had to spend one dime on his products if they didn't want to.
2. People are stuck in a "class" and can never move. The Forbes 400 (list of wealthiest people) was first published in 1982. Compare the list then to now. See how many names remain.
3. 50% of Americans pay no income tax. Some pay a "negative income tax"... they essentially get welfare. The top 1% of earners in 2008 brought home 20% of gross income but paid 38.02% of all federal individual income taxes. Who exactly isn't paying their fair share?
Obama's Solution: Let the government forcefully take more money from productive people and give to their cronies, like Solyandra, who squander the money in failed ventures.
1. He makes it seem that the wealthy are weathly at the expense of the poor. In truth, Steve Jobs got rich selling Ipad and Ipods. No one had to spend one dime on his products if they didn't want to.
2. People are stuck in a "class" and can never move. The Forbes 400 (list of wealthiest people) was first published in 1982. Compare the list then to now. See how many names remain.
3. 50% of Americans pay no income tax. Some pay a "negative income tax"... they essentially get welfare. The top 1% of earners in 2008 brought home 20% of gross income but paid 38.02% of all federal individual income taxes. Who exactly isn't paying their fair share?
Obama's Solution: Let the government forcefully take more money from productive people and give to their cronies, like Solyandra, who squander the money in failed ventures.
Don't Ask... Do Tell!
"Repeal of gay ban causing few waves in military" - not true The military brass have to comply because its the new law. The soldiers can't say anything publically or they will be disciplined. The media will bring out some backoffice desk clerk to say how wonderful it is. But that person goes home every night and has his own private shower. But, if you listen to what soldiers on the front lines are saying, you'll hear lots of grumbling.
It's going to hurt enlistment which is what liberals want all along. Liberals love the draft. What?? Yes. Charlie Rangel (D-NY) has proposed a bill to reinstate the draft at least 3 times. It didn't get anywhere because recruitment levels were high. Put in gays, and you will kill recruitment.
During the Vietnam era people were drafted, which liberals used as a rallying cry to gain power. During the Iraq war, their protests were ineffectual, because the people fighting volunteered. Liberals need a strawman to attack.
You might say, well liberals don't like wars. Not necessarily true. Liberals have gotten us into several wars in which we weren't attacked: World War I, Korea, Vietnam, Somalia, Bosnia, and Libya.
Liberals also love telling people what to do: what kind of car to drive, what kind of food to eat, what light bulb to use, what sources of electricity you can use, what school you must go to, etc.
It's going to hurt enlistment which is what liberals want all along. Liberals love the draft. What?? Yes. Charlie Rangel (D-NY) has proposed a bill to reinstate the draft at least 3 times. It didn't get anywhere because recruitment levels were high. Put in gays, and you will kill recruitment.
During the Vietnam era people were drafted, which liberals used as a rallying cry to gain power. During the Iraq war, their protests were ineffectual, because the people fighting volunteered. Liberals need a strawman to attack.
You might say, well liberals don't like wars. Not necessarily true. Liberals have gotten us into several wars in which we weren't attacked: World War I, Korea, Vietnam, Somalia, Bosnia, and Libya.
Liberals also love telling people what to do: what kind of car to drive, what kind of food to eat, what light bulb to use, what sources of electricity you can use, what school you must go to, etc.
Repeal of gay ban causing few waves in military
WASHINGTON (AP) — After years of debate and months of final preparations, the military can no longer prevent gays from serving openly in its ranks.
Repeal of a 1993 law that allowed gays to serve only so long as they kept their sexual orientation private took effect Tuesday at 12:01 a.m. EDT.
Some in Congress still oppose the change, but top Pentagon leaders have certified that it will not undermine the military's ability to recruit or to fight wars.
The Army was distributing a business-as-usual statement Tuesday saying simply, "The law is repealed," and reminding soldiers to treat each other fairly.
Thursday, September 08, 2011
Obama's Job's Speech: More Cowbell!
1. Shovel-ready jobs: I thought he learned there were no such thing. Okay he called the "quick infrastructure projects"
2. Short-term temporary tax cuts / new hire tax breaks: If you want to open a factory, do you think a short-term tax break is going to make a difference whether the factory will be profitable? Crushing regulations like the new EPA mandates, Obamacare, Dodd-Frank, and the NLRB union lawsuits are going to still kill your idea
3. More unemployment insurance. If you extend unemployment insurance for the rest of someone's life, it's called welfare. I believe in unemployment insurance, but there is a limit.
2. Short-term temporary tax cuts / new hire tax breaks: If you want to open a factory, do you think a short-term tax break is going to make a difference whether the factory will be profitable? Crushing regulations like the new EPA mandates, Obamacare, Dodd-Frank, and the NLRB union lawsuits are going to still kill your idea
3. More unemployment insurance. If you extend unemployment insurance for the rest of someone's life, it's called welfare. I believe in unemployment insurance, but there is a limit.
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