Obama keeps fueling the hatred of the rich causing class envy like never before. Hate the hand that feeds you aka The Boss. I work for an accounting partnership across town. I just can't find it in myself to hate the bosses. They work hard, they take investment risks, they have payroll to meet, they keep up with the required continued education requirements, and they have families to care for.
If we truly hate the rich, we hate the picture of opportunity we set forth for our children. I call that HOPE. The hope that each of us can acquire beyond our basic needs.
Years ago I heard an interview with a young black athlete who was in his rookie year as a professional. He said he was shocked how much of his earnings go for taxes. That's very true. His salary package said he'd earn $2 million his first year. After the expenses of his agent, federal income taxes, state taxes to every state he played his games in, and self employment taxes, he found he did not have enough to buy his mother the house he had promised.
Yesterday I heard that if we taxed millionaires and billionaires 100% of their taxable income, denied private jet owners all deductions associated, and took back all research credits for oil companies, we would net just over $1 trillion. Sounds like a lot but it's not enough. Our hole is quite a bit deeper.
So, I refuse to hate the rich. I refuse to kill the dream of success for each and every American. Yes, you and I CAN be rich. Of course, if we achieve that, we will be targets.
'til later
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