Posted on 09/04/2012 12:33:43 PM PDT by jazusamo
Obama wants to drive them out of business.
The big-government/big-corporate criminal complex doesn't like competition.
Tom is misusing the term millionaire here, but then so is Obama.
It originally meant someone whose net worth was more than $1M, not someone whose gross income was was more than $1M.
The second person would presumably have a net worth considerably more than $1M.
According to Wiki, there are about 10M US dollar millionaires in the entire world. Most of them obviously towards the low end of the threshold amount.
The world is not going to get out of its debt crisis by taxing the millionaires. There just aren’t enough of them.
May I congratulate you, or perhaps Dr. Sowell, on your tagline.
Absolutely true.
If anyone doesn’t believe this, I highly recommend attending a couple of Mensa meetings.
No shi!. These are the business people of America and all tax increase will be passed on to the poor, middle class, and even to other rich. PRODUCT AND SERVICE INCREASES. Damn, how stupid Americans are.
Stalin called them kulaks, which Solzhenitsyn patiently explained to us non-Russian speakers was a slur, and then he killed them by the tens of thousands. Murdered them, to make a whole class of successful farmers go away.
O’Bamba’s entire political career has been one giant bait and switch. It’s all just a lie, and no truth ever passes The Won’s lips.
Thanks for the ping.
My wife and I have had a small, 20-person company for well over 20 years now. Just last night we identified the criteria for making the decision to shut down the company.
If it's not reasonably profitable, why do it? Maybe I'll go get a government job(?)
You're so right, TOL. You put it succinctly and you're dead on the money.
Same notion as “cutting” a trillion dollars over 10 years. A taxpayer is a “millionaire” if he could earn $1M over an extended period.
Oh, BTW: IIRC, the $250,000 line is really at $224,000.
Funny, the numeric value of “rich” keeps getting defined down while, given inflation, it should be going up.
Thanks for the ping jaz.
He has an abundance of both.
Does that mean that you have already met the criteria and you are shutting down?
What a shame.
This is also how Democrats get away with opposing tax cuts; by claiming they are only 'for the rich' because, obviously, someone like Mitt Romney paying 4 million a year in taxes will see a bigger numerical benefit from even a tiny tax reduction on his 22 million dollar income than a guy paying a few thousand per year in income taxes. Yet, year after year, the left and it's media water carriers promote 'tax the rich' as a panaeca for economic woes and oppose 'tax cuts for the rich' that might actually help the middle class the left purports to love so much.
Thank God for sensible economists such as Dr. Thomas Sowell who explain these simple facts on an almost daily basis. Yes, few actually pay attention but the facts are there and folks like Dr. Sowell give conservatives factual ammunition to use against leftist loons mindlessly yelling 'tax the rich!'
I wish Romney and Ryan would present this to the American people. So far, they haven’t.
Page ONE in The DemonRat Playbook:”CLSS WARFARE”!”RACISM”is next!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Yeah, nice Tagline, but I like mine better.
No, we've identified a threshold below which if the balance drops we're going to initiate an orderly shutdown. That shutdown might take six months, but the layoffs will happen early on.
Hopefully it doesn't come to that, but we just climbed out from a mountain of debt, and we're not going back there.
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