Former Republican Presidential Candidate Steve Forbes speaks to the "Early Show" anchors about President Obama's controversial plan to hike taxes for millionaires.
Wealthy as in anyone making more than 100k a year. This plan is a joke. It's simply a way to kick anyone in the balls that is somewhat successful. If you want to stop spending money, impeach people like Obongo for things such as wars in Libya, giving failing companies 500 million dollars ,etc.
Seems to me the problem with job creation is the Government intervention on small business in doing everything they can to stifle its birth/growth and forcing larger businesses to go overseas.
As for the argument if taxing the rich will stifle growth at the moment they have enjoyed a favorable low tax on their income and have created 0 jobs
Wealthy as in anyone making more than 100k a year. This plan is a joke. It's simply a way to kick anyone in the balls that is somewhat successful. If you want to stop spending money, impeach people like Obongo for things such as wars in Libya, giving failing companies 500 million dollars ,etc.
MrMaryJanes 5 months ago
@IronicallyVague What "small" business that you know, makes it's money though capital gains? O_o
I'm sorry, but small wall-street firms that employ a hand full of millionaires DOES NOT COUNT!!!
TRICKLE DOWN DIDN'T WORK.. ISN'T WORKING... AND WON'T WORK
2bRealist 5 months ago
@IronicallyVague - OK maybe one or two jobs but their actions certainly don't make a good defense in my court
IronicallyVague 5 months ago
Seems to me the problem with job creation is the Government intervention on small business in doing everything they can to stifle its birth/growth and forcing larger businesses to go overseas.
As for the argument if taxing the rich will stifle growth at the moment they have enjoyed a favorable low tax on their income and have created 0 jobs
IronicallyVague 5 months ago
Poor Billionaire.
atcaleb 5 months ago