Soaking the rich doesn’t work

[JJIII]

The "The Oogum Boogum Song" Brenton Wood?

https://www.youtube.com/watch?v=PhMIF0fi9pU



..

[nailer]

Originally Posted by Boreas

Are you suggesting that the purpose of the Bretton Woods Conference was to undermine the US economy?

John

Are you claiming that the purpose of Bretton Woods, especially the economic side (which is to what I refer), was to do this?

[nailer]

Originally Posted by JJIII

The "The Oogum Boogum Song" Brenton Wood?

https://www.youtube.com/watch?v=PhMIF0fi9pU



..

ADD kicking in again. When I typed Brenton Wood I told myself to google because...

Listening to the real Bren...

[Boreas]

Originally Posted by nailer

Are you claiming that the purpose of Bretton Woods, especially the economic side (which is to what I refer), was to do this?

To do what?

Please answer my earlier question.

John

[JJIII]

Originally Posted by nailer

ADD kicking in again. When I typed Brenton Wood I told myself to google because...

Listening to the real Bren...

I figured it was a typo.

[merrylander]

Except that it is poor grammar if we removed 'Soaking' from the title of this thread we would be right on target.

[VanishingPoi]

Originally Posted by whell

http://www.detroitnews.com/story/opi...work/22178585/

In making his pitch to soak the rich, Obama didn’t mention the more than 20 tax hikes on the wealthy he’s already imposed (some of which also hit the middle class).

He’s increased the top income tax bracket to 39.6 percent from 35 percent; increased the capital gains tax to 20 percent from 15 percent; and phased out tax credits and exemptions for wealthy families.

To fund Obamacare, he’s imposed on top earners an additional 3.8 percent tax on investment income, a .9 percent increase in the Medicare payroll tax, as well as other new levies.

The government may have got richer from the new taxes, but average Americans have lost ground.

That’s because the government is an inefficient Robin Hood. When it raises taxes on the wealthy, they tend to look for ways to shield their earnings from the taxman. Revenues to the government get a short-term boost, but the historic pattern is that they fall in the years after a major tax hike.

AMEN!

Would you please define the rich? Who are the rich?