Thursday, March 05, 2009

OMFG! The rich might be facing new tax hikes! Some states are now considering raising taxes on the highest incomes by .5%. Obviously, we have now become a Socialist country! Of course, its never a problem when local governments raise sales tax by .5%, which affect poor citizens more than rich ones. But, Fox News is concerned about what will happen to those people making more than 1.2 million per year. Alarmist propaganda made by rich corporate owners, trying to throw their problems onto the lower classes. Never mind history. From 1932- 1986, the marginal rate for the highest tax bracket was well over 50% for federal taxes alone, peaking at 94%. The 1950s saw rates of 92%, a time when America did quite well and tax rates never seemed to hinder the rich. The current rate of 35% seems like nothing in comparison, and isn't much more than paid by those of us who don't even make enough to qualify as middle class. Many people, including Ben Stein, have realized that the only way out of this mess is for the rich to pay more, they're simply the only ones who can. Fox News isn't that smart. This is the channel that spent a day discussing the story of Biden not being able to remember a URL address for about 20 seconds. Not News. Fox News has become to news what MTV has become to music. A Joke. Useless. Meaningless.

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