While everyone is moaning about the Bush tax cuts possibly ending at the end of the year most people have not given a second thought to the Obama Making Work Pay tax cuts ending at the same time. Aside from the Obama lovers who insist he has given 95% of Americans a tax cut most of us have not noticed this relief ......... and some are hoping we will not notice when it's gone.
Answer by yourspecialkid at 1:30 PM on Nov. 9, 2010
Answer by jewjewbee at 8:38 AM on Nov. 9, 2010
Just curious, what is 'rich' these days? Are we using Obama's original figure of $250,000, his amended figure of $200,000 or Biden's figure of significantly less? I have no idea what people think is rich anymore. I will say, I am solidly in the middle class and we are saving because we don't know how changes are going to effect us. I am not so naive to think that our govt. won't find a way to squeeze more $ out of us. IMO, if the middle class is spending it, it's only because they have to, not because they choose to. The responsible one's, that is.
Answer by QuinnMae at 9:19 AM on Nov. 9, 2010
The rich don't need to spend that money, they make plenty and have a perpetual habit of saving any additional income they accrue. It's a fact.
This used to be considered 'RESPONSIBLE'. When did that change?
Answer by QuinnMae at 12:06 PM on Nov. 9, 2010
Answer by jewjewbee at 9:37 AM on Nov. 9, 2010
Answer by kittieashy at 9:57 AM on Nov. 9, 2010
There is only so much the super rich can spend, and need to spend. I means it's just sitting somewhere not being put back into the economy.
And here is the conundrum. Regardless of how the 'super rich' made their money (inheritance, trust fund, or risking their life savings), I do not feel entitled to someone else's rewards. Nor do I feel obligated to share mine with those that had nothing to do with my risk. It's that simple for me.
Answer by QuinnMae at 10:33 AM on Nov. 9, 2010
Did you know that the average federal employee makes 120k a year plus benefits?
That's 2 times what the average Joe makes!
There are 4 million, adding more everyday!
Get rid of 3 million of them because taxpayers are paying them! Stop taxing people to death and let them keep more of their money!
That'll help the economy
Answer by mustbeGRACE at 10:38 AM on Nov. 9, 2010
Actually, I believe they were referring to the entitled, not the working class. Those that feel entitled to their wealth are those that they take issue with. I don't disagree with them. If you do not have stakes in the risk, you do not have stakes in the reward.
The fair tax is the only way to make sure that every working person is vested in our communities. JMO.
Answer by QuinnMae at 3:30 PM on Nov. 9, 2010
Answer by jewjewbee at 9:07 AM on Nov. 9, 2010