Quote:
Originally Posted by RevDWW
You do understand that the "wealthy" start business' and employee people. There money is not stuffed in their mattress or in a vault. It's invested in the economy.
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I have a neighbor. She lived next door and her office was next door in the office tower I moved to. Lets tax her. She has a couple hundred million in the bank. She drives 2 cars over 5 years old. The bank is stressed. If she takes out 100 million for taxes on her dividends, the bank has 100 million less to loan to customers and is even more stressed.
Jerym and Barack have not taken econ classess. They think it is popular to nail rich people. If the bank has less money to loan, less businesses start. Investment capital is part of economic growth. Obama wants to shrivel capital more than it already has. My estimate is the total value of equities in America under Bush was around 58 trilliion. Under Obama the value of equitiies fell to nearly 40 trillion. Lets tax these people even more and send more business to China.
Obama really pumps people up to covet money from the neighbor. Tax the wealthy. people that saved money instead of binge spending.
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