Friday, July 1, 2011

Dissecting Obama Lies - $200k does not Make a Millionaire

The Left and Obama have stepped up the class warfare rhetoric lately, talking about wanting to raise taxes on “millionaires and billionaires.” Setting aside the fact that the President continues to neglect the simple truth that the money isn’t his to begin with, there is a major fact that is undeniable: $200,000 per year in salary does not a millionaire make. Deep within Obama’s usual treasure trove of lies is this sleight of hand, calling people who make only 1/5 of the “millionaire” level, at least what most of us think when we hear millionaire.

I’ll be honest, math wasn’t always my strongest suit, but I do know that $200,000 is not the same amount as $1,000,000, nor does that salary plus a house and a couple of cars equal $1,000,000 in net worth. When I hear “millionaire” I think of a person who lives in a mansion, owns a yacht, owns several cars, and has two or three vacation houses. That’s who Obama wants you to think of when he says “millionaires and billionaires.” That’s a legit statement for all billionaires, but not for the people Obama is calling millionaires. If you listen to what Obama says, he says he wants to raise taxes on individuals who make $200,000 per year or more.

The person who makes $200,000 per year is often someone of middle class beginnings who went to college, got a business degree, and worked their way up the corporate ladder with hard work. They own a nice house, maybe a four bedroom, two and a half bath colonial and a couple of nice cars. I know somebody like this, because he’s my uncle. He worked his way up the corporate ladder to own his own stock brokerage firm. He took a big risk and succeeded. The President wants you to think he’s a “millionaire.” When I look at him, I see a man who employs about a dozen people at his small firm and earns a good living for himself. He’s a man who has achieved the American dream through his own hard work.

This is the “evil, selfish” millionaire Obama is lying to you about: a hard working American success story. These are the people who the left keeps telling you won’t “pay their fair share.” The truth be told, 10% of Americans pay 50% of the tax burden, while another 51% of Americans pay zero taxes at all. They are paying more than five times their fair share. My uncle, for example, already pays over half of every dollar he makes in taxes in one form or another, whether it be the 35% he pays to the federal government, the 10% he pays to New York state, or his property taxes (I didn’t ask how much that is, seemed rude, to be honest…unlike federal and state taxes they aren’t public knowledge).

Do you know what he’d be doing with that money if he wasn’t paying it in taxes? He’d be spending it, or putting it in the bank where it would be used by the bank to give loans to others to buy homes, cars, or invest in businesses, or investing it in the stock market (he is a stock broker after all) or investing it into his own business, by hiring more people to expand his businesses productivity. He’d have more to give to charity as well. Instead, he’s giving over half his income to the government so $.65 on every dollar can be spent on bureaucracy. Aside from that little detail, it’s his money to begin with, not the government’s money.

This is the person Obama wants to soak to be able to continue his irresponsible spending. Let’s put aside the fact that if you confiscate every single dollar earned in America over $250,000 per year you’d still only be able to run the federal government for 5 months, not to mention the fact that you wouldn’t have left any money for the states or local governments and are completely squashing any desire to make a single penny over $250,000. The numbers don’t lie: There aren’t enough “millionaires and billionaires” in the country to pay for Liberal overspending. Its class warfare and it’s a lie. We don’t have a revenue problem. We have a spending problem. The government spends too much. It’s time to stop spending, Mr. President. Your spending desires are out of control and must be stopped. No more lies, no more class warfare. It’s not your money, and even if it was there isn’t enough to support your spending habits. There’s no more of other people’s money for you to spend to buy votes.

There is greed in play right now. It’s on the part of government. Government is greedy. Government doesn’t want to make do with its fair share. The government receives more than enough money in taxes if it was spent efficiently. It’s not. It’s time to be responsible, Mr. President, and stop being greedy for other people’s money.

Finally, Mr. President, a person who earns $200,000 per year is not a millionaire. Stop lying to the American people. Stop making them think you’re trying to tax Bill Gates and Warren Buffet. You’re trying to overtax hard working Americans like my uncle so you can maintain your own greed. He’s not the greedy one. You are the greedy one. It’s not your money, so make do with what you already have. Stop borrowing; stop spending more than you have. Live within the same budget that American families live within now. Stop the lies, and govern responsibly.

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