Papantonio: Economics and Generational Warfare

[GoLeft TV]

Run time: 05:31 https://www.youtube.com/watch?v=C701QXy9vTg   Posted on YouTube: October 31, 2009 By YouTube Member: Views on YouTube: 0   Posted on DU: October 31, 2009 By DU Member: GoLeft TV Views on DU: 744

 
The House unveiled a healthcare reform bill that will impose a tax increase on America's top 1%. While the GOP is up in arms over this, the younger generation who is relying on healthcare reform couldn't care less about America's aristocracy. This highlights the growing generational gap in America's Republican Party, and shows that they have gotten so out of touch with the young voters that their own future could be in jeopardy. Mike Papantonio appears on Fox Business's Happy Hour to talk about the issue.

[rhett o rick]

1. She said that this tax will only affect less than 1%, then she said isnt the Obama generation

that it could affect their parents or grandparents? Duh, we are only talking about the parents or grandparents of less than 1% of the total population.

But I disagree with Pap. This is a class war between less than 1% and the rest of us. That's not generational.

[zeos3]

2. oh, boo hoo...

I can't stop crying for these people who might be taxed an extra 5.4%. How is one expected to live on $500,000/year as a single person if they have to pay an extra 5.4% ($1,000,000 per married couple)????!!!?!?!!!?11!?!1?

That means they are ONLY seeing a savings of 2.25% (or 9.9% if you include the employer's half) of the payroll taxes they don't have to pay for income over $106,000 this year!!! Yes they'll save that full amount on the income between $106K and $500K, but still...Boohoohoo.....!!!!1!


Sure they probably get much, if not most, of their income from investments which are taxed at a much lower capital gains rate than wages, but they may not have done so well on their investments lately. Boohoohoohoohooooooo!!!!!


Now they'll probably have some asshole lefties telling them to get a better (or another job) to make more money to offset the tax if they can't make it on $500,000/year. Then they'll be told to repeat the process with a 3rd job and work even more hours to offset the new taxes on the new income, ad infinitum. Boohoohoohoohoohoohoohoohoohoohoohoo!!!!!

They'll be told to pick themselves up by their bootstraps and stop being so lazy and/or stupid because it IS possible to make an infinite amount of money following the more jobs more work hours plan. Oh the humanity!!!!! Boohoohoohoohoohoohoohoohoohoohoohoohoohoohoohoohoohoohoohoo!!!!!


PS I think I've depleted my sarcasm reserves with this one post.

[snake in the grass]

3. k/r

[TommyPaine]

4. Well, the first 20 seconds were worth it...

...just to see Rebecca Diamond. After that it's the usual vile pap.