General Discussion
In reply to the discussion: I've figured out the hostility to the President, and its not "Obama Derangement Syndrome"... [View all]hfojvt
(37,573 posts)I just disagree with it. The Waltons and Gateses and Kochs are not just sitting on their gains. They own and control major corporations, and they make money as well as increase their wealth by doing so.
Alice Walton, for example makes about $400 million a year in dividends from the Wal-mart stock she owns (and she probably has a portfolio of other stocks she is "investing" in (or some money manager is doing it for her) from which she makes even more income from dividends and capital gains).
Thanks to the permanent Obama tax cuts, Alice Walton's dividend income will only be taxed at 15% instead of the top rate of 39.6%. This will save her almost $100 million a year in taxes - permanently.
And yet, and yet, even people on the left think
1) Obama increased taxes on the very rich
2) Obama could not let the Bush tax cuts expire because that would be a tax increase on the MIDDLE CLASS
Thanks to a combination of Obama and OWS, the "middle class" now includes the top 80-99%. That is, it somehow includes a lot of people who make more money than 95% of the rest of us. Because it is all about the 1% or the .01%, but why stop there? That is still 11,000 families - why not blame it all on the Fab 400? It's not like anybody else is rich, and squeezing the rest of us.