On Taxes, Both Republicans and Democrats Doing the Bidding of Globalist Gangsters
Monday, December 13, 2010
On Sunday, New York Democrat Rep. Jerrold Nadler accused establishment Republicans of acting like gangsters on taxes.
“The Republican block is saying, like a bunch of gangsters, it’s a nice middle class tax cut — a pity something would happen to it,” Nadler told CBS News on Sunday. “Unless you give the millionaires and billionaires a long-term tax cut, we’re not going to permit the middle class to continue its tax cut.”
The late Leona Helmsley was spot on when she said: “We don’t pay taxes. Only the little people pay taxes.” Billionaires don’t pay taxes. They hide their money in charitable and philanthropic foundations and avoid Uncle Sam.
As noted by Bloomberg News, a large percentage of the people Democrats call “ultra rich” are not rich. Most do not even approach earning a million dollars a year. Democrats believe the “ultra rich” make somewhere between $200,000 and $500,000 a year. “Only 608,000 taxpayers earn between $500,000 and $1 million a year. That leaves a grand total of 315,000 individuals or families that earn more than $1 million a year,” writes Matt Towery.
The tax class under the gun are predominately small business owners, doctors, and small retail and manufacturing entrepreneurs who collectively employ nearly half of the nation’s workforce. Democrats are determined to rob them blind with their taxation and wealth redistribution scheme.
Nadler told CBS the productive class will be looted in order to pay off an astronomical debt created by the government and owed to foreigners and offshore banksters. Nadler said “that millionaires’ and billionaires’ tax cut will cost $700 billion added to the deficit over the next ten years, which we can’t afford.”