[SeekAndFind]

The 5 Myths about Millionaires:

1. Millionaires are rich.

2. Millionaires think they’re rich

3. Millionaires pay proportionately less income tax than poorer people.

4. Millionaires share the same political beliefs.

5. Obama’s “millionaires’ tax” won’t seriously limit investment.

CLICK ABOVE LINK FOR THE DETAILED EXPLANATIONS AS TO WHY THEY ARE MYTHS.

[sten]

“what’s great about this country is our belief that anyone can make it”

that’s just amusing coming from a guy talking about how he wants to take their money... therefore making the possibility of ‘making it’ even less likely

wouldn’t this be the definition of crushing the American dream??

[Bean Counter]

[ari-freedom]

“What’s great about this country is our belief that anyone can make it,” he said in Cincinnati on Thursday, praising “the idea that any one of us can open a business or have an idea that could make us millionaires.”

All you have to do is donate to my campaign and we'll give you a loan.

[Don Corleone]

“What’s great about this country is our belief that anyone can make it,” he said in Cincinnati

And what's even greater is that I can take it away from them. (The ones who are stupid enough not to donate to my re-election funds, that is)

[Right Wing Assault]

Taxes on the rich are taxes on people who create jobs. And jobs are an unalloyed good thing for an economy. Excessively taxing the capital that makes the economy go is poor public policy.

Pinch me. I must be dreaming that I am reading this in the WaPo.

[reg45]

Here's a thought: What is NPR's stand on this millionaire tax? I would expect them to be for it, however, a large portion of their private funding comes from millionaires who get a tax deduction on their donation. 0bama wants to eliminate that deduction.

"This program no longer brought to you by a generous donation from ...."

[Boiling point]

We bought land in the middle of nowhere twenty years ago. IT was dirt cheap at the time. We paid it off in about ten years. Since then the area has exploded and the land has become worth several million. On paper, we are million heirs, but we are just as broke as we ever were.

[Niuhuru]

Myth 6: It’s all just luck and being in the right place at the right time.

As for political beliefs, it’s how you make it that determines which party you’re a part of, not just personal opinion or upbringing. IF you make it via working on a business, you’re apt to be more conservative; if you make it by happenstance and ‘being at the right place at the right time’ and know how to market yourself, you’re more likely to be liberal. Half of Wall Street spends time getting lucky (in more ways than one) and so they are apt to be more liberal. More than anything, if you understand that you have to sweat to get your coin, you are more eager ot keep it for yourself.

[Smokin' Joe]

Millionaire farmers abound here, over a million in tillage and harvesting equipment, a 60X100 shop, $100,000 in grain bins, 3500 acres of dryland wheat farm, living in a double wide and driving a four year old pickup. Net worth well over 2 million, though, it just isn’t liquid assets—its the means of production.

[irishjuggler]

Today, $1 million in the bank generates only about $50,000 per year in interest.

Can someone please direct me to the bank that's paying 5 percent interest? Thanks!

[r-q-tek86]

Ping

[Texas resident]

This from the Obama Post?
dogs and cats sleeping together time.

Guess this writer just figured out that he is a millionaire and is about to get hammered. Funny how the press will go along with punitive policies until it affects them.

Maybe he read the book, “The millionaire next door” and couldn’t refute it.

Another myth to add.
From former VP algore. If a person makes 250K per year for 4 years running that makes them a millionaire.

can’t make this stuff up. And he was 2nd in line for the office of the presidency.