Yup, Let’s Tax the Rich Into the State of Poverty With the Rest of Us

$250,000 a year Family

President Obama and all of the liberals want to force the rich to pay their fair share of taxes. They aren’t paying enough now. That is fine then we’ll all know equality in poverty. But that is fine too, isn’t it, for then everyone will be on the welfare rolls and all income will be distributed fairly and equally. Greed will be eliminated, won’t it? People will be seen as being more compassionate towards the poor, won’t they?

Of course people won’t have any power over their own lives anymore either but that is a small price to pay to create a society where fairness and equality rule. Now where am I going with this? This was an introduction to an analysis of what is happening to that rich family whose income is around $250,000 a year making them in the upper 5% of income earners. As stated,

The bottom line: It’s not exactly easy street for our $250,000-a-year family, especially when they live in high-tax areas on either coast. Even with an additional $3,000 in investment income, they end up in the red — after taxes, saving for retirement and their children’s education, and a middle-of-the-road cost of living — in seven out of the eight communities in the analysis. The worst: Huntington, N.Y., and Glendale, Calif., followed by Washington, D.C., Bethesda, Md., Alexandria, Va., Naperville, Ill. and Pinecrest, Fla.
Read the whole article here if you dare

This is your liberal ideology at its best. This is your ideology of compassion working hard every day to bring fairness and equality to our society.

Categories: Economics, Politics | Tags: , , , , , | 5 Comments

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5 thoughts on “Yup, Let’s Tax the Rich Into the State of Poverty With the Rest of Us

  1. Yes, we’ll all be equally poor…except for the people making the rules…

    The New Golden Rule – “Those who make the rules get the gold.”

  2. If THAT sounds like fun, you should try being self-employed

  3. The Griper

    ohhh, the rest of those who are advocates of this ideology believe that they will share in the gold too, Tom. what they don’t understand is that the glittering nugget that they will get is called iron pyrite.
    the self-employed are being run out of the country, Gorges.

  4. BB-Idaho

    Iron pyrite? There may yet be some value in fool\’s gold
    …BTW, I like the ‘grass hut’ photo atop your page. Reminds me
    of an old HS friend, an entrepeneur extraordinaire. He ran all
    sorts of little businesses, mostly as tax dodges. Ran afoul of
    the tax folks and ended up in a ‘grass hut’ on one of the little
    islands in the Phillipines. Had a fatal heart attack on the beach
    there a couple years back. He is now tax-free, so to speak. 🙂

  5. The Griper

    Figured that a change of scenery was good for the soul, BB and from the sounds of it so did your friend. hope the rest of our visitors enjoy the change also.

    and if pyrite can be used to bring down the costs of solar energy that will be a big boost to the industry. may hang on to this nugget i have now.

Be respecful or your comment will be deleted. Also know that Alinsky tactics do not phase me

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