BY JOHN FEEHERY
Reprinted from TheFeeheryTheory.com
My friend, the smart Senate staffer, sent me this missive this morning. I thought I would share it with you:
“There is clearly a Democratic obsession with taxing the rich. Let’s go through a little fiscal arithmetic and take the Democrats’ tax increase obsession out to its logical conclusion.
From a purely political power acquisition perspective, it makes all the sense in the world. It’s been a constant theme of Democrats for many years. Not all, but most, tell the American people that all of our fiscal problems can be Continue reading →
Income disparity is not as big as you may think, believe it or not.
Everyone is talking about ‘taxing the rich!’, ‘redistributing the wealth!’ and ‘income inequality!’ as if it is something from a fairy tale or something. If you didn’t know better, you would think you were reading history from the French Revolution (‘Off with their heads!) or the writings of Leon Trosky and the others who brought ‘income-equality’ (as in ‘low’ income for everyone but the rulers) in Soviet Russia for almost a century. Continue reading →
The Popular Press is swooning over what they consider to be the new-found potency in President Barack Obama’s demands that the Congress pass his Jobs Bill.
For reasons which I cannot understand, the President decided to make his case for his bill by leading with who was going to pay for it, notwithstanding we have no idea how the first job will be created by the jillions of dollars of new taxes he is proposing.
You want people who make millions of dollars a year to pay more in taxes? Ok. I don’t have an answer to that.
But somehow, in the translation, anyone with a family income north of about $250,000 (husband and wife each making a little over $10 k per month) becomes the equal of Warren Buffett’s income and needs to be penalized for the family’s success. Continue reading →