... but you are not likely to spend the remaining $910,000 consuming. so you're effectively paying less than someone making $40,000 who has to pay $3,600 in income tax and on top of that pay an additional $3,276 in the national sales tax + local taxes as you're more likely to spend every penny you make to live.
Originally Posted by thehobbydude
... How do you know I don't understand what I'm talking about?
Originally Posted by thehobbydude
By your
assumptions.
The socio/economic class warfare being generated and stirred up by Obaminable and his diehard loyalists is based on the premise that folks that are "millionaires" do not "spend" their money, but hoard it ... God knows where ... out of circulation ... so no other part of the society benefits from it. So, as you have done, to make your point and justify your conclusion, as Obaminable wants the "have nots" to believe, those "millionaires" (or "rich people") do not directly or indirectly contribute to others, either directly or indirectly, with at least part, if not all, of their income......and in many instances growth in their retirement funds, funds to buy vehicles, and the opportunity to use credit cards or obtain revolving credit to make purchases at merchants' places of business.
It is fairly well documented in history that leaders of countries in economic difficulty attempt to focus the attention of the working class on specific groups as the blame for the then current economic problems in an effort to "project" away from the leaders and rally support from the "have nots" to assure the leaders' continued role in the government.
Obaminable is taking a page out of the play book of most of the 2-bit dictators around the world who blame the U.S. for their shortcomings while they bask in the wealth they claim to have been stolen by the U.S.
The sad part is that one would think that the "intellectuals" in this country would see through that tactic and denounce his devisive ways.