With "the Buffet Rule": "If you make more than $1 million a year, you should pay at least the same percentage of your income in taxes as middle class families do... On the other hand, if you make under $250,000 a year – like 98 percent of American families do – your taxes shouldn’t go up."
Okay, well thanks for reminding me not to let my income spike up over $250,000. I want to remain in my safe cocoon of acceptably restricted income. I don't want to be one of those people who is making things feel unfair.
But the Buffet Rule would only raise $47 billion over a period of 10 years. $47 billion won't even cover 1 week of running the federal government. So it's nothing remotely approaching a serious effort at balancing the budget.
What is it then? Obama is telling us. Right there in the post title. Make this country a little fairer. The only reality is how everyone feels. Now, go to sleep children.
Saturday, March 31, 2012
Obama wants to "make this country a little fairer."
Labels:
national debt,
Obama economics,
taxes,
Warren Buffett
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