Category Archives: Cabinet
It’s a Joke, Get it?
The president reminded us he was making a little Jeopardy joke the other day as he introduced Joe the Plumber Spy, Richard Cordray, as top consumer bureaucrat.
Another joke is the way Obama likes to remind us he’s one of the elite and we’re not – unless, of course, we really are keeping hundreds of thousands of dollars we don’t need. He recently did this by targeting bestselling authors, ahem, like himself, for higher taxes. (Here’s a rude bestseller who doesn’t want to join the club). Other times he likes to try a little upwardly mobile bonding with moneybags like Mark Zuckerberg .
Gregg Easterbrook says if Obama wants to pay more taxes, he should just do it.
More Sacred Bull
The president is sharing the sacrificial bull till the sacred cows come home. He has the Republicans where he wants em, continue building on his 24% grab of the economy or take the blame for a social security scare.
Don’t Tax You, Don’t Tax Me, Tax that Fellow Behind the Tree*
According to The IRS, 45% pay no income tax. The richest 1% earn 22% of all the money and pay 38% of all the federal income taxes. The richest 5% pay 60% of all the income taxes.
You could squeeze them for more but, as Walter Williams points out, the rich are smart with their money. Since 1960, whether the top marginal rate was 91% or 35%, the government take never varied more than 15-20 percent of GDP.
