Wednesday, October 12, 2011

Class Warfare: Risk Takers versus Freeloaders

I am sickened that the President of the United States has decided to start a class war with the only aim of getting reelcted. Obama started a war between those that take risk to further themselves and those that want to freeload off the hard work of others. Here is a video example of what the Occupy Wall Street protestors really want:

Now think about that. The freeloader wants the rich to throw him a bone and pay for his tuition. One might ask themselves why? Well only because that is what he wants. Now on to some fascinating facts on what is fair

The Top 1% Owns 40% of the Nation's Wealth:

But did you also know the top 1% pays over 38% of the income tax burden in this country. That seems almost fair to me. In fact the top 1% were over 40% of the tax burden in 2007. 2007 also represented a record amount of revenue in the federal cofers. Since then the Democrats drove us into a recession (Depression?) and businesses are sitting on cash rather than invest. Maybe if the democrats provided incentive to invest the rich would again pay their fair share. Additionally the bottom 50% only pay 2.7 % of the tax burden. Yet idiots like the kid in the video think they are entitled to more even though he represents the bottom 50% and their 2.7% share of fairness.

The Top 1% Take Home 24% of National Income:

Yet again the top 1% pays 40% of the income tax burden on only a 24% share of the National Income. I wonder who is paying their fair share? This liberal argument, that the rich are not paying their fair share seems to be falling apart on their own facts.

The Top 1% of Americans Have Only 5% of the Nation's Personal Debt:

Well that makes sense. The top 1% has 40% of the tax burden and stays out of debt. Maybe if the bottom 99% didn't try to keep up with the top 1% they wouldn't have leveraged out everything they own. It is the bottom 99% that used their homes as ATM machines and ran on debt. The top 1% ran risks and worked hard and didn't borrow money to buy things they could not afford.

The class warfare argument that Obama started doesn't hold water when placed under the microscope, the rich do pay their fair share. The bottom 50% don't pay their fair share. The top is sitting on cash waiting for a reason to invest in America again. Incentivize the rich to invest and maybe the 99% will be enabled to pay their own way. Stop the freeloading, take responsibility, and realize the American dream. For once 50% plus 1 have no skin in the game this country is sunk.

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