BY RICH GALEN

Reprinted from Mullings.com

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 →