President Obama has offered to lift the taxable threshold to $400K from his campaign position of $250K.
To the editor:
President Obama has offered to lift the taxable threshold to $400K from his campaign position of $250K. The premise for the $250K level was that the revenue needed for deficit reduction would not come from a higher threshold. Well, so much for that math and campaign cajoling.
I was brought up to do what I say and say what I do, no matter what the consequences. Having no re-election to worry about maybe changed the math, or it is a coincidence that the $400K level happens to be the president's salary! Who are these earners? Maybe major company owners, or bankers; I know my banker wouldn't tell me how much he made. Anyway, from the robber barons of the 1800s to today, "good business" was screwing the customer, partner, worker, community or constituency for that cost-benefit analysis.
Gas-price gouging in Leavenworth a few years ago; wasted money in over budget or defunct projects like the airport and animal facility; don't like buying economic development private land, change the law of eminent domain; not to mention the national mortgage fraud, credit default and interest swaps, collateralized debt obligations, etc., manufactured crashes in 87 and 2008.
All different in their own way, but all the same. Greed and manipulation of law or regulations to make that "quick" buck. It looks as though we only have our vote and the choice of how to spend our money. Both are spent on expectation; it is only after you spent it that you find out what you got!
Oh!Oh!Oh! Merry Christmas and a Happy New Year!