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On 2010-09-30 16:35:33 -0400, Jonathan Cook said:
On Sep 30, 9:20 am, D. LaCourse wrote: much reinvesting in the store. To think that $250k a year is a lot of money and those that make it are *millionaires* is false. It takes money to run a business, any business, and to pay more taxes just is not right. The money they reinvest won't be taxed regardless the tax rate; that's a red herring. No it isn't, Jon. If they are taxed *more* then they won't be able to reinvest in the stores or in new people. They work very hard for that money, seven days a week, sometime until 9 pm at night. More taxes will means less money, less money means less investment. Hang the millionaires, but not the $250k/year folks. They don't deserve to be punished with more taxes simply because they work hard and achieve. Presumably they are paying themselves a reasonable "living" wage which comes out of the business before figuring its profit, so if they're pulling $250K profit on top of that I have no problem taxing it. I have personal decades-long experience with a small business that didn't see that kind of profit in 10 years, much less one, so I'm having a hard time sympathizing. Are you saying you are an underachiever? Not my fault you can't make money at a small business. My kids did and they don't have any letters after their name. Congress and this president think that we can spend our way into prosperity. That is the first time I have ever encountered that thinking. Oh come on. Both parties have been doing this for 40 years...neither party is saying anything that could be even remotely construed as coming close to doing anything serious about deficit spending. They are both addicted to Bernanke's printing press. And that is GOOD? It is time to stop the foolishness in Washington. It is time to stop paying off the unions and everyone else that helped get them elexted. Enough is enough. My grandkids are ****ed at you and me and Fortenberry, et al for the position we have put them in. And they should be. The prosperity we enjoyed (you included) we didn't earn; we simply borrowed it from them. Notice I said "you and me?" At least they realize that I am not pro-Obama or approve of this spending spree this idiot is taking us on. He just gave another $20B to foreign aid. That money could have been spend HERE. The rest of the world hates us because of our freedoms and our riches and I doubt very much giving more money to them will amount to a hill of beans. Dave |
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