I’m leaning toward it’s already started, and likely to get much worse. Seems like the new cut-off for being “rich” is $150K of family income.
The reason I bring this up is that the Gov. of NJ wants to end the tax deduction for home mortgage interest. He’s getting lot’s of pushback on this and has backed off to say, well, maybe only those making less than $150K will get the tax break. This should be an interesting battle.
I’m kinda just rambling here, but, I don’t like the feeling that because I worked my ass off via college, graduate degree, getting a PE license, doing a good job, I’m demonized for being successful.
Well in Illinois “Rich” or “Most able to afford to pay” has been dropped to a family of 4 that makes 57K or less or a single individual making more than 14K. That is the proposed cut of for getting a 50% income tax increase.
As times get worse rather than cutting back like everyone else the “Rich” will start to look really poor. Even in Illinois 57K is not a “Person of means”.
We aren’t talking “Small potatoes” here either. A person making 100K a year is looking at an additional 2500$ in income taxes alone. They are also planning on raising the License plate fee by 90$ a 115% increase and driver license increase by 10$, a 50% increase. There is also a proposed boost of corporate taxes from 7.3% to 9.7% a 32.8% increase.
So it seems when times get tough the government gets taxing!
I just figure the poor are all too stupid to get ahead in life, so…chances are they are also too stupid to do anything about it (other than comit more crime)
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Its already started and getting worse. It will be this generations social stigma and may become more disruptive than racism. The good news is that for the Big O to pay for his social programs he keeps moving the bar down to what he defines as “rich” so the sides may eventually balance out in terms of numbers.
I think right now is more a flare up than anything. As P_Tex noted, the bar for being defined as “wealthy” is being pushed lower. When it reaches the tipping point, it won’t be about class warfare as defined by how much you have, but it will be between those with the power to determine how you spend it and the rest of us. In other words, I don’t think it will be class warfare for very long - when it will resolve into outright and actionable hatred toward the government.
Class warfare is where it has been at for a while. Race is soooo beyond played out and held on too for comfort. Immigrant warfare is what is up next and it’s going to suck.
Well in Illinois “Rich” or “Most able to afford to pay” has been dropped to a family of 4 that makes 57K or less or a single individual making more than 14K. That is the proposed cut of for getting a 50% income tax increase.
As times get worse rather than cutting back like everyone else the “Rich” will start to look really poor. Even in Illinois 57K is not a “Person of means”.
We aren’t talking “Small potatoes” here either. A person making 100K a year is looking at an additional 2500$ in income taxes alone. They are also planning on raising the License plate fee by 90$ a 115% increase and driver license increase by 10$, a 50% increase. There is also a proposed boost of corporate taxes from 7.3% to 9.7% a 32.8% increase.
So it seems when times get tough the government gets taxing!
~Matt
No shit? Man, I’m moving, even if I take a small bath on the house. Hopefully they won’t tax military income; at least I’ll still be safe until 2011 sometime.
Not many can argue that the rich are getting richer, but so is everyone else. The difference is how much.
This link shows the increase of CEO pay versus the average worker from 1995-2005. For CEO’s their pay went up on average 298% and for the workers it was 4.3%.