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Another charming screed this morning in the paper

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47of74 Donating Member (1000+ posts) Send PM | Profile | Ignore Sun Jul-18-10 11:18 AM
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Another charming screed this morning in the paper
Here is another :sarcasm: charming :sarcasm: screed that the TH saw fit to publish today;

Wrong. Astonishingly, at the same time government costs are exploding, the push is to raise income taxes on the 1.7 million American households (1.5 percent of all U.S. households) with an annual income greater than $250,000. The question must be asked, "What have these families done to be so singled out and punished?" Many, I would guess, are small-business owners and employers. I'd cheer the idea if I thought these people lied, cheated or otherwise illegally or unethically or immorally pocketed their $250,000. But I don't think they did, and I'm guessing most Americans don't, either.

I do think, as a general rule, people earn what they're worth. If that's the case, the income of $250,000 and higher is a measure of that family's success, hard work and risk-taking. So, politicians who target high-income achievers are essentially punishing success and most importantly harming our economy's ability to attain prosperity. We're killing the goose that lays the golden eggs.

If these spending and tax policies hold, costs, including debt payments to foreign governments, will go up, revenues eventually will go down, and sometime during the next 10 years America will not be able to make its annual debt payments and will be officially bankrupt -- like Greece.

Tosterud, a recently retired University of South Dakota business school professor, taught economics and entrepreneurship. Prior to coming to South Dakota, he was the economics program officer at the Ford Foundation in New York City, and Republican staff director and senior economist at the Joint Economic Committee of Congress in Washington, D.C. He was born and raised in Des Plaines, Ill.


I get so sick of these people. Where the hell were people like this when George Bush was busily pissing away the surplus that he had been left with? Probably back then this self righteous turd was Bush's loudest cheerleader.
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