Forbes: “But suppose Mickelson’s upper estimate on his tax bill–63%–were right. Is he saying that a $10 million endorsement deal wouldn’t be worth doing if he only got to keep $3.7 million after tax? Really? Mr. Mickelson, do you understand that the typical American would have to work about 75 years to earn that much money before tax? … Do you have any idea how lucky you are?”
Yesterday we wrote about Plouffe introducing Obama’s continued effort to raise taxes on the successful in order to fund entitlements, ‘times are changing, now the poor get fat’, and linked to a Mickelson article. Last night we found the Forbes story.
Everything keeps returning to the ‘You did not build that’ mentality. Build it, take the risks, do the hard work, sacrifice the family time, be successful, earn the money, and you my friend are simply lucky! Time to pay up and shut up! “The typical American would have to work about 75 years…”
How many people work for somebody else, percentage wise? I truly do get sick of this crap. Obama works for you yet is incapable of building anything other than fear and destruction. This Forbes writer, Len Burman, is a Syracuse pro capital gains tax professor: “Cutting capital gains taxes will not turbocharge the economy and raising them would not usher in a depression.” Think about all of this fair share garbage, why is no federal tax fair?
If people such as Mickelson were collecting more than a third of their earnings maybe they would reinvest in their states. Imagine a new golf course, a resort, I know he wanted to be part of the Padres, all the new jobs and state revenue. Why is this occurring in states like Florida and Texas?
During the Inaugural Obama stressed the change of working together and sharing, redistribution: “But we have always understood that when times change, so must we; that fidelity to our founding principles requires new responses to new challenges; that preserving our individual freedoms ultimately requires collective action. For the American people can no more meet the demands of today’s world by acting alone than American soldiers could have met the forces of fascism or communism with muskets and militias. No single person can train all the math and science teachers we’ll need to equip our children for the future, or build the roads and networks and research labs that will bring new jobs and businesses to our shores. Now, more than ever, we must do these things together, as one nation and one people.”
.
Related:
Forbes: Phil Mickelson, Stop Whining and Give Thanks for your Good Fortune
MORE TAX INCREASES ON THE RICH: NOW THE POOR GET FAT
Forbes: Capital Gains Tax Rates and Economic Growth (or not)
.
Follow
.
Posted on January 22, 2013
0