I watched the video, and scoffed.
Sounds terrible, right?
Was it from ordinary income? Did his business pay him a $1 MM salary? Probably not.
Or is is possible his company paid him $100,000 in income (or less???) and the rest was from investments?
Did he rake in $1 MM gross revenue and then spend $500,000 on business investments as a sole proprieter?
These people pick the most damning of numbers in order to push a #narrative.
So I did something else. I started googling.
That is the structure of current tax law. Tax cuts on ordinary income AUTOMATICALLY have sunset provisions.
“If elected officials will listen only to those with power and money, then those of us with power and money must leverage our position to advance the common good.”
EVERYONE thinks THEY are doing what’s right. It’s the OTHER guy that is doing what’s WRONG.
Yet here they want to USE their OWN money, POURED into elections.
* Equal political representation
* A livable minimum wage
* A fair tax system
Book reads “Every American deserved as much political power as millionaires.”
Yet this group wants to USE their money to influence things.
Liberals have sought to expand “basic” needs with things like cell phones, Twitter, cars, TVs. What exactly IS “basic” need?
And didn’t one liberal advocate crushing capitalism using “needs”?
They want (same as the Communist Manifesto) a steep, graduated tax system. Anytime we lower the rates and generate a BOOM they whine.
They did so when Reagan cut taxes in 1986. And now under Trump.
They cheer the $15 minimum wage efforts in multiple states. A hike that is KILLING businesses.