Comments on: Yo-Bama And The Disappearing Middle

By: soupe gzandron

soupe gzandron — Fri, 06 Mar 2009 02:04:27 +0000

Pat,
You read books for living, right? History books, presumably. The super rich always avoid taxes, you know that! In the 70′s and 80′s the loopholes for the very wealthy were enormungous. Sure, the tax rate was up to 70% on the very wealthiest, but the deductions were much more numerous than today. The rich aren’t stupid, and the mechanisms for LEGAL tax avoidance were legion.
For instance, the super-rich (Ala Kennedys, Rockafellas, etc.,) established “foundations” which enable boucoodles of income sheltering opportunities. One could employ the whole family to “work” for the “foundation” and not pay a dime of tax monies. Additionally, large yacht’s and second homes and third homes were also written off as “business expenses.” These loopholes have been largely subsequently closed.
However, Obama’s Cabinent members inability to pay their taxes have given me a novel excuse for not paying my taxes: I’m a Democrat now, I don’t have to pay!

By: Pat Hendrix

Pat Hendrix — Thu, 05 Mar 2009 19:29:33 +0000

The government has taken over nothing, even allowing the bailed out banks to maintain majority share. There has been no nationalization of any industry. Zero.

As for this enemies list, ridiculing Limbaugh is not the same as having “an enemies list.” It’s simply framing the debate by picking your opponent, in this case, a guy that is not well liked by the public at large.

As for these Doom’s Day scenarios, let’s keep it in perspective. During Reagan’s first term, the top rate was 50 percent. During the Nixon and Ford adminstrations, it 70 percent. Toppping out at nearly 80 percent during the 1930s and 1940s. This is an increase to 39.6, not even close to the highest rate of the last half century. High, agreed, but nothing compared to “the good old days.” Nor is this the highest deficit we have seen as a percentage of GDP.

Stop wetting the bed.

By: gloria

gloria — Thu, 05 Mar 2009 18:36:42 +0000

The ‘gubmint is taking over banks, car manufacturers, and healthcare.

The ‘gumbmint has an “Enemies List” targeting private citizens.

Seems like O is sharing notes with Chavez.

By: Pat Hendrix

Pat Hendrix — Thu, 05 Mar 2009 18:20:49 +0000

“And Obama’s actions, if left unchecked, are quite simply going to lead to the ruin of this country. In fact, they quite possibly already have.”

I just doubled over laughing. Ah, that’s precious. I think I have a drink on the ruination of America.

Silly season is here.

By: Mrs. Sic

Mrs. Sic — Thu, 05 Mar 2009 17:27:46 +0000

Are those my gummy bears???? I knew my stash was looking low……