Spread The Wealth

December 8, 2008 | Jim Vicevich | |

I should have played this, this morning … I didn’t, and my bad. What about taxing the rich, says Tom Brokaw anxiously? Obama’s response shows I spoke too soon when I said I am beginning to like this guy. Video below the fold.

Question? What does he mean when he says the rich benefited not just from tax cuts but from corporate profits? Cap Gains? Interest and Dividends? And if so hasn’t everyone with a pension or 401K benefited from that too? And if he means the wealthy benefited MORE … didn’t they risk more too? I mean … just askin’, that’s all.

BTW … Pleaseeeeeee stop calling a check a tax cut. It’s not a tax cut. A tax cut reduces my rates. This is a check … giving me back some of my tax money. It’s an inefficient way to stimulate the economy because it is a short term pump with no lasting results as we have seen time and time again.

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Jim Vicevich

Jim is a veteran broadcaster and conservative/libertarian blogger with more than 25 years experience in TV and radio. Jim's was the long-term host of The Jim Vicevich Show on WTIC 1080 in Hartford from 2004 through 2019. Prior to radio, Jim worked as a business and financial reporter for NBC30 - the NBC owned TV station in Hartford - and as business editor at WFSB-TV in Hartford for 14 years while earning six Emmy nominations and three Telly Awards.

2 Comments

  1. Gary the socialist on December 8, 2008 at 10:39 am

    First a quick correction. It is 2 million and not one million of American workers who have lost there job since the begining of the year.The jobless number is 6.7 but this number as some are reporting is missing the 600,000 who also with the 530,000 who lost there job last month were moved from full time workers to part time fourlough temp employess as needed. So that is 1.1 million just last month alone and several tens of thousand also laid off fired and moved from full time workers to temp part timers this month so far. The number that is being tossed around is 13% for people looking for full time work…. In the words of the Republican Governor from Michagin more or less, more- more though.. Were broke what money can he Mr. Obama use to kick start the econmy. We have no money anymore it's all gone for generations even the Chinese are now starting to refuse to loan us any money and our goverment is only paying for this transfer of wealth to wall street is from the scared and fearfull of wall street who have moved there money from stocks to goverment bonds..So we as a nation had better hope that nations with wealth like the Saudies ,Chinese,Irag and a few others are willing to share there wealth with us.



  2. Dusty the Cat on December 8, 2008 at 5:46 pm

    My response to Gary's comment: We as a nation have it well within us to improve our temporary situation than just sit and "hope" for countries that don't like us to give us anything because let's face it. They probably won't. Americans can do more for their country than anyone on the outside has ever been willing to do for them – we always have and we can do it again. This is a good country. 🙂



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