Hennessy's View

Share this post
Obama’s Slippery Rich Slope
www.hennessysview.com

Obama’s Slippery Rich Slope

Bill Hennessy
Nov 1, 2008
Share this post
Obama’s Slippery Rich Slope
www.hennessysview.com

At the current rate of decline in Barack Obama’s definition of “the rich," by June 2009, anyone earning more than $20,136 a year will get a tax increase.

Since July 2008, Obama’s definition of rich has been declining at rate of 20 percent per month. Simple extrapolation shows that even minimum wage earners will face a tax increase by the time any legislation can be enacted in June 2009.

In other words, Obama’s real definition of “rich” is: “you have a job.”

For those of you with short memories, in 1992, Bill Clinton promised to raise taxes on the rich and cut taxes for the middle class. But shortly after taking office, Clinton, claiming to have worked harder on that tax cut than anything in his life, decided everyone’s taxes must go up. In fact, my little company made some good money selling sweatshirts that read, “I Got Wet When Clinton Soaked the Rich.”

Share this post
Obama’s Slippery Rich Slope
www.hennessysview.com
Comments

Create your profile

0 subscriptions will be displayed on your profile (edit)

Skip for now

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.

TopNewCommunity

No posts

Ready for more?

© 2022 Right Press LLC
Privacy ∙ Terms ∙ Collection notice
Publish on Substack Get the app
Substack is the home for great writing