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Submitted by Tots Tea 29/04/2010 09:12 am PDT

He said it again yesterday. In a 2008 interview with Charlie Gibson Obama conceded that cutting the capital gains tax actually increased revenues, but said that he’d raise it anyway for the sake of “fairness.” Because hedge fund mangers make too much money.

The exchange became funny when Gibson challenged Obama again about the fact that capital gains tax cuts have increased revenue, and Obama tried to change the subject to the housing crisis.

What’s more, the suggestion by Obama that only rich hedge fund managers pay the capital gains tax is false. Anyone who has seen income from investments has paid the capital gains tax, and with some 80% of Americans invested in the stock market in one way or another that’s pretty much all of us.

Spread the wealth, a pay Czar, only tax the "rich" How much is too much money? $200,000 apparently.

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Submitted by bigbadbutter04 29/04/2010 09:39 am PDT

*GASP* I was just reading this:

PRESIDENT OBAMA: "Now, what we’re doing, I want to be clear, we’re not trying to push financial reform because we begrudge success that's fairly earned. I mean, I do think at a certain point you've made enough money."

http://www.realclearpolitics.com/vid...ugh_money.html

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COMMUNIST!!!!!

Submitted by motherof12345 29/04/2010 09:53 am PDT

Its all coming true.....good grief things are only going to get worse.

Submitted by eightiesbb 29/04/2010 09:55 am PDT

More propaganda! President Obama wants the rich to start paying their fair-share of taxes, especially after getting 8 years of tax breaks. How many in America make 250k a year? Not many.

Submitted by bigbadbutter04 29/04/2010 09:57 am PDT

*************************************************
SO DOES THAT MEAN THAT MR. OBAMA WILL BE GIVING UP HIS SALARY AND BOOK ROYALTIES???????
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Submitted by eightiesbb 29/04/2010 09:58 am PDT

smvwade
That 47% are you're talking about are unemployed or make so paid so little money they are eligible for tax exemptions.

Submitted by eightiesbb 29/04/2010 10:00 am PDT

bigbadbutter04
This is about paying taxes. I have no idea why the OP felt it was necessary to complicate a simple issue for so many.

Submitted by eightiesbb 29/04/2010 10:05 am PDT

teacher
If you make 1M a year, you can afford to pay your taxes and buy that Mercedes you've always wanted, vacation, etc...
All our President is saying that is if you make 30k a year and 8k is taken in taxes, the impact is disproportionate between the two.

Submitted by eightiesbb 29/04/2010 10:09 am PDT

smvwade
Are you kidding? So, my degrees are in Economics and Politcal Science. How many illegals do you think are in my profession? A ton of educated people are unemployed not just grocery store and factory workers.

Submitted by bigbadbutter04 29/04/2010 10:12 am PDT

Google founders Sergey Brin and Larry Page draw a salary of $1/year from the company. So maybe they figure that they've made enough money. But I wonder if the president would also apply the saying to corporations: after they've made a certain amount of money for the year, the rest should be given away? Perhaps Google should be giving away corporate profits rather than investing in new business or paying dividends. Is it better to give more to charity or to create more jobs? Interesting question.

Submitted by db7606 29/04/2010 10:12 am PDT

Yep, those of you who make too much $$ better get rid of it. You can send it to me! LOL I have to laugh at things like this because it's the most ludicrous thing I've heard (and there have been some doozies!)

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