Monday, December 6, 2010

One Million Dollars

When did being a millionaire not mean much? How about now. I was thinking about millionaires and started googling Ohio. We're on the skids. Last year there were 177,000 households with a net worth of 1M. Four years ago it was 233,000 families. Hmmm. When did Pelosi, Reid and Obama take over? Actually, the two congressional boobies were in control the last two years of the Bush administration so I'll give them credit for the initial downslide. Last year the U.S. number of super rich was at 8 million. I'll call them 'super rich' because Al Gore told us anyone making over $70K should be labeled 'rich'.
I was laughing at Obama on TV tonight as he stumbled and fumbled on the agreement with taxes. He was livid that the Estate Tax wouldn't jump to 55%. If there isn't a better argument for class warfare than the estate tax then the Pope just converted to Islam.

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