Posted on 12/12/2012 5:32:40 AM PST by servo1969
The broadcaster who once boastfully told "Loveline" listeners he was "literally" a millionaire isn't rich. He's successful. There's a difference, and it's one lost in the current debate over Democrats trying to increase taxes on the wealthiest Americans. Carolla shared his thoughts on the matter with "The O'Reilly Factor" viewers last night.
(Excerpt) Read more at breitbart.com ...
Adam Carolla gets it. The income tax is a tax on GETTING rich, not BEING rich.
But minority enclaves have not yet realized that there will be no wealth left in America, and that they all will face poverty and war created by the left’s weakness in supporting capitalism, or our allies abroad.
An interesting situation will arise if this leftist putsch continues on with success. Most of the real Americans will have left or burrowed in in self-sufficiency and the left and its rabble will be faced with America's enemies who will make no distinction between them and the America they have always hated.
He’ll never work again.
Unfortunately it’s even worse than that.
Baraq has Bernanke and Geithner printing 40 cents for every dollar collected in revenue to hand out all these goodies.
The US govt is like that family in 2007 riding a wave of false prosperity based on maxxed out credit cards and helocs on a house with negative equity.
Didn’t know he had a follow-up. Must put on my list of books to read soon.
You posted: There is a difference between being rich and being successful. successful people have actually produced something, whereas rich people simply have a lot of money.
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Rich people may have produced as well. The obvious example is Bill Gates. There are others, of course.
But why should it matter? (Disclaimer: I am far from rich, and moderately successful— but not close to being subject to the $250K income level confiscation proposal.)
Those who inherit money did not steal it, and neither did their parents or whoever left the money to them. That money, at some point, was earned, and was property for those who earned it to do with as they pleased. There is no “fairness” in excessive taxation of either the rich or the successful.
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