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	Name:	water_watcher -
	Subject:	On CNBC
	Date:	11/2/2009 10:12:02 AM

yes ... but they get insulted when someone points out that it is socialism ... not sure what they call redistribution of wealth.

The funny thing is .... the dems and Obama seem to think it is bad to be rich or earn a lot of money, so lets just tax them more. But what they forget is that those are the consumers that create jobs and invest money so the economy grows. They must never have run a business to understand a simple fact.

If you ran a business and knew you were going to lose some customers ... who do you try and protect? The largest and most profitable ones in terms of real dollars coming in to the business (not percents). Yet the highest income people and businesses already generate the most amount of tax revenue for the government ... to the tune of 96% for those over $500,000.

So taxing them more and putting more burden on businesses means less investment and less consumption. It may have a short term blip in revenue, but long term it impacts more jobs and reduces investment.

Get government off the backs of business and create the incentives for them to create the jobs. Here is China, a communist government, and they understand that and are acting more like capitalists than the leaders we currently have.

Other messages in this thread:

View Entire Thread

On CNBC - water_watcher - 11/2/2009 7:28:26 AM

On CNBC - water_watcher - 11/2/2009 7:33:40 AM

On CNBC - MAJ USA RET - 11/2/2009 9:10:49 AM

MAG USA RET.... - CAT BOAT - 11/2/2009 11:12:47 AM

On CNBC - Council Roc Doc - 11/2/2009 9:46:59 AM

On CNBC - water_watcher - 11/2/2009 10:12:02 AM

Economy Fix - Astro - 11/2/2009 11:01:09 AM

On CNBC - dvine - 11/2/2009 12:28:56 PM

FAIR TAX - MAJ USA RET - 11/2/2009 12:30:38 PM

CNBC? - Yankee06 - 11/2/2009 8:58:12 PM

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