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Showing posts with the label Buffet Rule

Dick’s Dollars

“The law, in its majestic equality, forbids the rich as well as the poor to sleep under bridges, to beg in the streets, and to steal bread” -- Anatole France While the net worth of the hapless members of the lower 99 percent have been plummeting for some time, U.S. Senator Dick Blumenthal ($$-CT), a member of the 1 percent clan, last year realized an increase in net worth, according to a story in the Stamford Advocate, “ Blumenthal at high end of Senate millionaires' club .” The story compares Mr. Blumenthal’s wealth last year with that of current U.S. Senator Joe Lieberman, a relative pauper.

Eat The Rich, A Secular Sermon

Just because President Barrack Obama wants to skin the millionaires, this does not mean that he counts no millionaires among his campaign contributors. The same fat cat one per centers upon whom Mr. Obama is prepared to shower crony capitalist bucks will undoubtedly contribute lavishly to national Democratic campaigns. And even those who are not so favored will be happy to throw a few hundred thousand into the collection basket as a down payment on Mr. Obama’s elephant ears. Over the years, the purchasing power of the dollar has declined precipitously, the result of inflation brought on by the unwillingness of presidents and congresses to pay down the national debt with tax increases and spending cuts. For this reason, it takes more worthless greenback to buy ear time and a place at the table. A million bucks ain’t what it used to be. Even if all the millionaires in the United States were by some swish of the magic wand to become as greedy, selfish and slothful as Mr. Obama a...