Saturday, January 5, 2008

Pelosi on Retirement Income

Subject: Pelosi on Retirement Income

Definition: Communism – 1. A social system characterized by the communal sharing of goods and services. 2. Marxist Socialism, advocating a classless society and public ownership of almost all productive property; also a system in force in any state based on this theory.

Read the last paragraph even if you skip the rest this woman is a nut case!

House Speaker Nancy Pelosi wants to put a Windfall Tax on all stock market profits, including Retirement fund, 401Ks and Mutual Funds - all to help the 12 million illegal immigrants and other unemployed minorities!

Boy, are we in trouble... This woman is frightening. Take special note of the last paragraph. Is she really this whacked out?

Nancy Pelosi condemned the new record highs of the stock market as "just another example of Bush policies helping the rich get richer." "First Bush cut taxes for the rich and the economy has rebounded with new record low unemployment rates, which only means wealthy employers are getting even wealthier at the expense of the underpaid working class"

She went on to say "Despite the billions of dollars being spent in Iraq our economy is still strong and government tax revenues are at all time highs. What this really means is that business is exploiting the war effort and working Americans, just to put money in their own pockets."

When questioned about recent stock market highs she responded "Only the rich benefit from these record highs. Working Americans, welfare recipients, the unemployed and minorities are not sharing in these obscene record highs." There is no question these 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." Profits from the stock market do not reward the hard work of our working class who, by their hard work, are responsible for generating these corporate profits that create stock market profits for the rich. We in congress will need to address this issue to either tax these profits or to control the stock market to prevent this unearned income to flow to the rich"

When asked about the fact that over 80% of all Americans have investments in mutual funds, retirement funds, 401Ks, and the stock market she replied "That may be true, but probably only 5% account for 90% of all these investment dollars. That's just more "trickle down" economics, claiming that if a corporation is successful that everyone from the CEO to the floor sweeper benefit from higher wages and job security which is ridiculous." "How much of this 'trickle down' ever gets to the unemployed and minorities in our county? None, and that's the tragedy of these stock market highs."

"We democrats are going to address this issue after the election when we take control of the congress. We will return to the 60% to 80% tax rates on the rich and we will be able to take at least 30% of all current lower income tax payers off the rolls and increase government income substantially." We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest."

When asked how these new tax dollars would be spent, she replied: "We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities. Stock market windfall profits taxes could go a long ways to guarantee these people the standard of living they would like to have as Americans."

Comment: Well this is obviously socialism and no surprise coming from a Democrat. Nobody would stand for this – there would be a mass exodus of anyone subjected to these taxes as well as the corporations out of this country. Would the poor get richer? Well not if nobody is paying any taxes. Unemployment would skyrocket, crime would skyrocket, our infrastructure would collapse, and since illegal immigrants are now Americans (according to Pelosi) we will soon become the United States of Mexico, and we will more resemble Mexico in every way than what the U.S. used to be. Then where will people go for jobs? Do you think there will be liberty and justice for all, for anyone?

Democrats never think about the consequences of what they do. They think if they tax something they will automatically receive “X” amount of dollars. They don’t take into account that when something suddenly becomes more expensive, fewer people will want it. Tobacco is a good example. Put a massive tax on tobacco and we will receive “X” millions of dollars, but now more people quit using tobacco because of the higher prices, and all the sudden those “X” millions of dollars have shrunken significantly.

Normally I wouldn’t believe an e-mail this crazy but Pelosi has said many other things that are equally as crazy and judging by things she has stated in the past this article is not surprising to me. This is the head Democrat speaking folks and this is where they want to take us. We better wake the hell up fast!

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