Headline on Drudge Report:
OBAMA READY TO BUDGET: HIGHER TAXES ON RICH; VOW TO CUT DEFICIT BY 2/3
Since The One’s definition of rich changes from day to day we will have to wait and see who will be hit by the tax hikes. Ironically, thanks to his recent fear mongering there should be quite a few less rich people out there to tax.
Update: Just what we need in a recession – higher business taxes. Even if his porkulus bill creates jobs, how many jobs will be lost by increasing taxes on business?
Can it be anything else? The drive to keep the class warfare going will need more fodder. Will they suggest that all CEO’s have salary caps along the way? Might as well, that way all the really talented people will be on the next private jet out of town, along with their dinero.
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I heard an interesting caller on Rush the other day. Apparently GE Capital which is half of GE got money in the stimulus bill. They own NBC. Brian William’s salary is being subsidized by the gov’t. Why isn’t his salary going to be capped at $500,000?
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Because ‘some are more equal than others.’
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Mayor… Let’s call them on it. But let’s also be careful: All are subject to scrutiny nowadays. My guess is that NONE of these folks reckoned they would be in the firing line. And my other guess is…MSM will not air a word of it. The scariest part is this… There are many, many CEO’s, CFO’s, accountants, middlemen, peons, etc…that are going to be sucked up into the void of “WHO THE HELL MADE MONEY OTHER THAN ME” syndrome. I can tell you who: Capitalists. This is an ALLOUT war on Capitalism so we’d all better GIRD OUR LOINS!! Unless you are a slinking, skulking, bottom-dwelling fish-monger. They are the only ones who will benefit from this catastrophy. My guess is that within 3 years…the biters will no longer have a hand to feed it.
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“The man who has nothing to offer will be the only man who is rewarded”. (Ayn Rand).
We need our own version of moveon.org Is F#%$Off.org taken?
And by the way—I am a smoker and understand cigarettes are about to take a $1 hike upward to help fund some of this crap. Can’t think of a better reason to quit, wish all conservatives would. They just depend on us to keep doing what we’ve always done and we MUST find thos widespread little ways to shrug together.
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To finish my point… I work in the Financial Services industry… and I am taking 75% of my money out of the market while BO is in office. I am willing to accept growth on 25% of my $$, IF in fact there is a turn around…otherwise I’m willing to keep 75% untouched, and risk the 25% to a loss. But that’s only because I am not that close to retirement. My final comments are that BO has brought this catastrophe upon us. I don’t give a s*#t what GW did… HE NEVER THREW AMERICA UNDER THE BUS for POLITICAL GAIN!! Because I can tell you : GW threw HIMSELF under the bus for all of us. He may not have been the ripest tomatoe on the vine… but he sure wasn’t the one with the WORMS in it!!
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Hear! Hear! Mary!
I just put 25% back in the market but only into a very select few sectors.
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I’ve always loved Healthcare as a sector…but I am concerned now with this new “database technology requirement” shoveled into the stimulus. That in itself could kill the healthcare sector if there are too many strings. Who is gonna get THAT contract? Because you know BO is not going to let the free-market call the shots on who develops and sells THAT technology to the institutions who will be FORCED to utilize it. You MUST KNOW there is SOMEONE on the hill with a brotherm (et al) in the tech industry who will be handed that frothy package deal. I can smell it 3000 miles away. Oh, wait a minute! It had better be someone or some company earning less than $250k…otherwise there won’t be any PROFIT in it!!!
Oh, the tangled webs HE weaves!!!
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Mary, I know I read somewhere that there will be guidelines, set by them or their cronies. So existing private companies that may use different systems will be put out of business.
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