Obama Will Give Me An “A” For This One(Edited)

My Flag Flies Everyday

My Flag Flies Everyday

One of my good friends called me on this one. She pointed me toward Snopes. It turns out that Nancy Pelosi never proposed taxing 401K plans.  To see her entire proposal check it out on Snopes. In the meantime I’ve editied my post below to correct my mistake.

http://www.snopes.com/politics/pelosi/windfall.asp

 

WOW! Taxes on the rich, the middle class, and the poor. Stimulus money galore, bonuses for the fat cats, Deficits going out of control, what else?  Nancy Pelosi recently said the following “…windfall profits and income created by the Bush  administration need to be taxed at 100% rate and those dollars redistributed to the poor and working class.”

Well my 401K is a part of this category of investments. If they are to be taxed 100% why have a 401K at all?

They were  set up so “we the people” could have a way to raise money for our own retirement. We needed the 401K because Social Security is not going to be here much longer. Worse yet, try living on SSA alone. You will have to learn to like cat food . Don’t be in such a hurry Nancy, we’ll pay taxes on the money, after we begin to use it. She wants to tax it as we go along. Like I said, why even bother to have a private pension fund?

The one thing I haven’t heard anything about is taxing campaign funds. Why not? The weasels are getting millions to spend. They use the money for all kinds of personal purposes other than running a campaign. Why did Blagojevich work so vigorously to build his fund?  If we have to pay, why not them too?  This is another case of our politicians forgetting who they work for.  Once they get a taste of money from outside interests they set themselves apart from the rest of us. They begin to think of themselves as demigods.
I think a Senator or Congressman should be taxed ninety percent on his salary, and campaign fund. In fact, I think that is being too liberal. They should work for one dollar per year, and be required to use campaign funds to pay off the deficit. They create the debt, let them pay for it.

Yep! Tax the campaign funds; it’s the best idea I’ve had today. .

2 Responses

  1. I agree with everything. You forgot about mentioning multiple pensions, unaccountability for spending and legislating immunity from the laws that apply to the general population. As far as Pelosi goes, the woman is a world class idiot and is proof that you don’t have to have a brain to become a politician let alone Speaker of the House. I can’t believe they get elected. If you really want to gag, read Clarance Pages article in today’s Trib.

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