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.

No comments: