So, Now $150,000 A Year Is "Rich," And Warrants A Tax Hike

A story in this morning's New York Post tells us that Democratic Vice Presidential Candidate Joe Biden has now lowered the magic "threshold of taxation." For months the Obama campaign has insisted that under Barack's economic plan, Americans making less than $250,000 a year would get a "tax cut."

Sadly, Americans making $250,000 a year or more would be subject to sharp tax increases. And the implication here is that the multi-millionaires Barack Obama and Joe Biden believe that if you earn (notice I didn't merely say "have," but "earn" - - most of us don't just simply "have" or "get" money, we work for it, we "EARN" it) $250,000 a year or more, you deserve to have a larger portion of your earnings taken away.

But wait, there's more.......NOW, V.P. Nominee Biden has lowered that magical tax hike threshold to $150,000 a year more more! See the story in the New York Post, HERE.


Also note.....yesterday on Newstalk 550 KFYI in Phoenix, AZ, Host Michele Larson was talking with Barry Young (on "The Nearly Famous Barry Young Show") about Obama's assertion that his economic adviser, Warren Buffett, has repeatedly told him that his tax hike plans (which include a near doubling of the capital gains tax rate) are "okay" and "won't hurt the economy."

Larson pointed out that maybe, just maybe, there's a significant difference between earning $250,000 a year, and having a multi-billion dollar stockpile like Warren Buffett has - - and hence, maybe Warren's doesn't see things from the "I'm rich with my 250 grand a year" perspective...

And isn't this obvious? Why doesn't anybody else in the media see Obama's scheme here: Rich Man Obama takes advice from Rich Man Buffett on how to make sure that other Americans don't get "too rich."

This is a case of the "wealthy class" seeking to rule over the "peasants." It is the beginnings of a caste system. It is absurd. It is UN-American.

I believe Larson's discussion with Young on this subject was in the 9am hour of Tuesday's show - - get the podcast HERE.