But they are doing ok.
I'm all for making that distinction. If we want to make a separate tax bracket for people making over 750k per year I'd love that. We can all agree that people making 750k or more per year aren't going to starve to death if they get a slight tax increase right?
What positive effect will this have?
Yeah, Paris Hilton is pretty much just like you or me except she works harder so she makes more money. lol
I'm sure she supports Obama because it was cool
No. There is very little uncertainty. People are spending money. With a decrease in demand for goods and services investing isn't as profitable. That's pretty simple. I don't understand why anyone is confused by this.
No uncertainty. What do you do for a living? The stock market is a pinball machine. Small buisness are worried about tax hikes and obama care so they aren't hiring, the dollar is falling, unemployment is stalling, lenders aren't lending...economies around the world are blowing up. Is it any wonder people aren't making investments? Not to mention, that unless you qualify for SBA it's going to be 100% equity investment.
When you generalize that broadly it makes it seem like you don't understand what you're talking about.
You used Paris Hilton as one of your examples....
The government can't improve anything? Nothing at all? Really? Why bother having a government at all then? Maybe we need a government like Somalia. Government really gets out of their way. Talk about a free market success!
Smaller goverment is more effiecient. India's goverment is run by engineers...ours by lawyers and politicians that have never produced shit, but problems to ensure job security.
Really? They just take the money and throw it in fireplaces or what? What is this excess monies you speak of? Last time I checked we had a deficit, not a surplus.
Correct on both counts.
Who's going to buy the goods and services of the businesses that are being created? Certainly not the American middle class, they can't afford it.
You just contridicted yourself. So if the $250kers+ have less to spend then there will be even less spending right? Everyone else is apparently already fucked. Oh wait these people just hoard cash. Most wealthly people's balance sheets have not been historically cash heavy, so what are do they do with all that money? You think someone worth $50million has $50Million in cash? Maybe 3 definately less than 10.
Here's a thought! Why not put that money in the hands of the people who are most likely to spend it on goods and services in our economy? That would create demand which would create jobs and then rich people would have more profitable things to invest in. Everyone wins! Rich and poor alike benefit.
How do you put money in the hands of someone? Tax break?
What's so bad about that idea? Why the insistence on this money going to the people who have money already instead of the people who we rely on to purchase goods and services which makes investment and job creation profitable?
Money is not going back to someone who already made it. Read my previous post on market perception. Unfoturnatley, perception quickly becomes reality
