Mitt’s Money

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According to Pablo Torre of Sports Illustrated, “by the time they have been retired for two years, 78 percent of former NFL players have gone bankrupt or are under financial stress because of joblessness or divorce.” The problem isn’t just confined to professional football players. Torre’s article says that within five years of retirement, an estimated 60 percent of former NBA players are broke.

Why is it that the liberal media and Democrats don’t talk about these professional athletes blowing their money on wine, woman and song but they make Mitt Romney out to be the devil for his wealth? How much good comes to society from these guys flushing their money down the toilet? Mitt provides the government with a steady source of income. Every year they know they are going to get a check for $3,000,000. Perhaps it bothers them that he gives about the same amount to charity. Since they want the government to be the source of all things good; charities, especially religion, represent competition. It’s a sick thought but it may be true.

They need to realize that the rich are a flock of geese laying golden eggs. They provide a relatively predictable source of revenue.

“Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.” Barack Obama

 

Obama on the rich paying their fair share

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April 16, 2008
Democratic presidential debate between Hillary Clinton and Barack Obama moderated by Charlie Gibson of ABC News.

GIBSON: All right. You have, however, said you would favor an increase in the capital gains tax. As a matter of fact, you said on CNBC, and I quote, “I certainly would not go above what existed under Bill Clinton,” which was 28 percent. It’s now 15 percent. That’s almost a doubling, if you went to 28 percent.

But actually, Bill Clinton, in 1997, signed legislation that dropped the capital gains tax to 20 percent.

OBAMA: Right.

GIBSON: And George Bush has taken it down to 15 percent.

OBAMA: Right.

GIBSON: And in each instance, when the rate dropped, revenues from the tax increased; the government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down.

So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?

OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.

Hatred

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I’ve been a Mormon for over 40 years. I served an LDS mission to Arkansas, Tennessee and Mississippi. I affectionately refer to the area as the buckle of the Bible Belt. I grew up in Texas which is also part of the Bible Belt. At the earliest age I was exposed to anti-mormon literature. On my mission I consumed a steady diet from housewives and ministers. In all that time I never heard that Joseph Smith invented Mormonism to explain away an affair with a maid.

Lawrence O’Donnell has shown his hatred for Mormonism and Mormons on several occasions. His hatred has led him to accept as truth anything negative he reads about Mormons. It is deeply disturbing that the media is so silent on his hate filled commentaries. This isn’t just about O’Donnell’s hatred. It’s about the hatred of the liberal populace. While many do not hate Mormons and Mormonism, they hate conservatism. They hate it so badly that they are willing to turn a blind eye to the rantings of O’Donnell. Would they be as accepting of such talk about Islam?

Raid the Rich

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For those liberals that believe in consequences of government spending we are seeing in Greece are unrealistic in the United States, here is an exercise that brings the numbers into perspective.