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Wait, WHAT???!!!??? Fox News says "Obama's right. Americans can't succeed without government" [View all]
My mind is totally blown!
Obama's right, Americans can't succeed without government
My grandfather was a small business entrepreneur. He owned a clothing store in Penns Grove, New Jersey, and families came from across the southern part of the state to get slacks and blouses and jumpers for their kids. My grandfather employed two people who earned decent, middle class wages and made a good living for himself, probably upper middle class for that region.
And good for him. He worked hard and earned it.
But there were things that helped my grandfather’s business that he didn’t have to pay for. The roads trucks drove on to bring him products to sell. The court system that incorporated his business and protected the patents of what he sold. The police force that made it safe for people to shop there. The public schools that taught his employees how to read and do math, so my grandfather didn’t have to teach them. Make no mistake about it — my grandfather succeeded because of his hard work and initiative. But government played a supporting role.
By grandfather was not rich, certainly not by today’s standards. But when Ronald Reagan was president, my grandfather paid almost 50% of his income in taxes to help make sure that good public schools and safe streets and the things we all need to succeed in America would be available for the next generation. Today, hedge fund managers and big business CEOs pay lower tax rates than middle class families. In fact, the tax rate for the very wealthy is the lowest it’s been in over 60 years
--snip--
My grandfather built his business with his own two hands, ran it every day, paid far more than his due of taxes and never complained. He would be appalled that big business CEOs today aren’t paying near their fair share.
We should all be appalled.
Read more: http://www.foxnews.com/opinion/2012/07/17/obama-right-americans-cant-succeed-without-government/?intcmp=obinsite#ixzz21vUZDfL5
My grandfather was a small business entrepreneur. He owned a clothing store in Penns Grove, New Jersey, and families came from across the southern part of the state to get slacks and blouses and jumpers for their kids. My grandfather employed two people who earned decent, middle class wages and made a good living for himself, probably upper middle class for that region.
And good for him. He worked hard and earned it.
But there were things that helped my grandfather’s business that he didn’t have to pay for. The roads trucks drove on to bring him products to sell. The court system that incorporated his business and protected the patents of what he sold. The police force that made it safe for people to shop there. The public schools that taught his employees how to read and do math, so my grandfather didn’t have to teach them. Make no mistake about it — my grandfather succeeded because of his hard work and initiative. But government played a supporting role.
By grandfather was not rich, certainly not by today’s standards. But when Ronald Reagan was president, my grandfather paid almost 50% of his income in taxes to help make sure that good public schools and safe streets and the things we all need to succeed in America would be available for the next generation. Today, hedge fund managers and big business CEOs pay lower tax rates than middle class families. In fact, the tax rate for the very wealthy is the lowest it’s been in over 60 years
--snip--
My grandfather built his business with his own two hands, ran it every day, paid far more than his due of taxes and never complained. He would be appalled that big business CEOs today aren’t paying near their fair share.
We should all be appalled.
Read more: http://www.foxnews.com/opinion/2012/07/17/obama-right-americans-cant-succeed-without-government/?intcmp=obinsite#ixzz21vUZDfL5
38 replies
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