What do the various classes of Americans contribute towards employment and prosperity? Should the rich “pay their fair share?” If a person makes millions a year, shouldn’t he have to pay maybe 90% of it, to equalize everyone and reduce the debt?
What does a working class family, making probably $40,000 a year, contribute towards prosperity and employment? Let’s examine it. First of all, it is rare that a working class family pays any income tax at all, but of course they must contribute close to 20% of their income for Social Security and Medicare, unemployment insurance, etc. What is left, usually goes towards paying the mortgage, making a car payment, and buying food. The working class family then, helps to provide a job to the super market, mortgage company, and finance company. Since everyone uses super markets, and 55% of rich people have mortgages, the working class family doesn’t contribute much of anything to the economy, because they’re far too busy keeping themselves afloat, and they’re paying no income tax. Most of them vote Democrat because of the freebies they can get.
What about the middle class family, making maybe $75,000 a year? Do they contribute towards the economy and employment in America? Like the working class family, they also have a mortgage, use the super market, and maybe have a car payment for a more expensive brand of car. Not much difference in either, is there? Middle class families, if they’re smart, may save money for a rainy day, and live in a better home and better neighborhood than the working class family. More jobs provided than does the working class family? Maybe a few more, but not too many. Their votes are usually mixed between Democrat and Republican.
Upper class families, with incomes of maybe $175,000 a year, will do more to help the economy than any other class. They will buy lots of stuff, which provides jobs for the people making the stuff. Stuff such as exotic foods, dress clothes, tickets to concerts, expensive vacations, cruises, and trips abroad. Upper class families usually own businesses which provide lots of jobs to their employees, pay taxes on their business properties and expensive homes. Business owners provide jobs to the suppliers of things they sell in their businesses, plus office machines, store fixtures, repairs and improvements to their businesses, advertising, signs, and everything a business owner must use to make a profit. They’re usually solid Republican.
Upper class families probably save, which allows banks to loan to those who are less fortunate, and in general, provide lots and lots of jobs for all sectors of the business world. Poor people do their best to stay alive, middle class people struggle less, but still do not really create prosperity and jobs to America. The richer a person is, the more they contribute to society. They have a fine home? A much better home than the poor person? You bet! And it took a lot of craftsmen to build that home and maintain it. The high property taxes pay for the public schools and local government. Rich people often have domestic help and use private schools for their kids, which also provides jobs.
There is nothing that an upper class person can possibly do, that doesn’t provide jobs and prosperity. Nothing! Everything they spend, save, or invest in, provides jobs in all sectors. Be it stock brokers, dry cleaners, clothiers, restaurants, tour guides, theatres, artists, musicians, lawyers, bankers, airlines, and the list is endless. There is NOTHING a rich person can do which will not provide jobs and prosperity for hundreds of industries and institutions. When they die, their wealth may go to a tax free foundation which does good things. A person can only wear one set of clothes, sleep in one bed, and eat one meal at a time, no matter how much money they have, and after that their surplus provides jobs.
The super rich provide even more jobs. They probably own their own biz-jet or yacht. They travel incessantly and first class. They live in mansions which cost a fortune to build, maintain, and staff. They have businesses usually, which hire lots and lots of people. If the super rich inherited their wealth, they still provide jobs with their life style. Investing in stocks, businesses, or gambling it away, it all provides jobs and prosperity. The top 1% of income earners pay more taxes than 50% of taxpayers combined. The rich pay no taxes because of tax loopholes? Less than one tenth of one percent have managed to do that, and most seem to get audited and pay anyway. The top 5% of incomes pay 53.25% of all taxes, and the top 10% pay 64.89% of all taxes. Is that “Their Fair Share,” Mr. President and you Democrat morons?
To quote a line from My Fair Lady, which refers to women, but let’s refer it to politicians, who have gotten the entire world in an economic mess. “Why is thinking never even tried? Straightening up their hair is all they ever do. Why don’t they straighten up the mess that’s inside?” The entire Euro world is crashing, thanks to politicians giving away the store to get votes, and the exact thing has happened here. Isn’t it time to stop worrying about re-election, and stop raiding the public trough? Protect yourself, because the D.C. Gang surely won’t. Yes, I am still tired of writing this stuff, and I’ll keep doing it at least for a while, but there are probably two dozen really good books out that explain what I have said and am still saying. Thousands buy them, but America still coasts downhill. The Tea Party is the hope that has sprung up in our weary hearts. If we lose in 2012, all is literally lost, and Atlas Shrugged may come really true. Incidentally, Ayn Rand got her inspiration for Galt’s Gulch while driving through Ouray Colorado in the early 1950’s.
P.S. Guess where there is no housing crash and foreclosures? Guess where the highest incomes in America are? Guess where there are no job layoffs? WASHINGTON D.C. and environs, that’s where. Want to balance the budget? Cut all federal salaries by 15%, which would still make them far too high. Cut all bureaucracy budgets by 15% and let them lay off usually worthless employees. Want to balance the budget? Make Washington D.C. the capital of layoffs and unemployment applications. It’s all so easy you boobs. And that idiot McConnell. Words can’t describe my feelings for that fool.