Showing posts with label Obama promotes class warfare. Show all posts
Showing posts with label Obama promotes class warfare. Show all posts

Saturday, August 6, 2011

OBAMA'S 'SOAK THE RICH' ANOTHER LIE TO FURTHER 'CLASS WARFARE'

Submitted by: Donald Hank
http://blogs.dailymail.com/donsurber/archives/39534

August 5, 2011 by Don Surber

Soak the rich, eh?

They do not have the money.

A report from the Internal Revenue Service found that the rich — 8,274 people with incomes of $10 million per year or more — earned a total of $240 billion in 2009.

Even of you confiscated every dime they earned, you would barely have enough money to cover government spending for 24 days.

Of course, about a quarter of that money already goes to the federal government for federal income. So make that 18 days.

Another 227,000 people earned $1 million or more in 2009.