Genocide on the American rich? Conservatives overplay again.
I had a conversation on Twitter with a follower, a Conservative Republican.
I saw that she had posted about ‘genocide on the rich’…
I didn’t think the markets were tumbling because we are ‘soaking the rich’, I thought the markets were tumbling because companies have still not yet written down all their losses. So I asked her about the ‘genocide’ comparison.
Her response was to again say Obama/Dems are advocating an effective ‘genocide’ on our wealthy:
Here is an analysis by Nobel Prize winning economist Paul Krugman on the ACTUAL cost of additional taxes on the rich:
Imaginary notches
Oy. No, your income tax doesn’t suddenly shoot up if your taxable income rises one penny into a new bracket. To belabor the obvious, the tax code specifies marginal rates: your rate rises from 33 to 35 percent if your taxable income exceeds $372,950, but only the income above $372,950 pays the higher rate.
OY VEY. Let’s leave inflammatory words like GENOCIDE to its actual definition:
Genocide is the deliberate and systematic destruction, in whole or in part, of an ethnic, racial, religious, or national group.
Its not genocide if someone who makes $20 million a year has to pay an extra 2% taxes on income above certain rates. And its really not genocide if that person made money while actively participating in the tanking of the US and world economies. Its also not genocide if a family’s joint income is $400,000 and they are taxed an additional 2% on $27,100.
While we talk with each other and share our opinions, its important to temper our statements with reality. That way we can find new collaborative solutions.
Well, I beg to differ. I believe that it is a mild form of ‘genocide’ to try to wipe out the richest of the rich. Being rich is great, but not everyone can be. It is comparable to being skinny or fat. Some people are meant to be skinny and some are meant to be fat. There are those people who start out with the choice to be skinny or fat. Some sit there and eat massive amounts of food without trying to stop themselves and end up fat, while others eat healthy and go to the gym and become skinny. That is what poor people do. They are either meant to be poor or they let themselves get that way.