It Depends On What Your Meaning Of Work Is
February 20, 2008 – 9:18 am
“We also have to reward work more, and by that, I mean, I have people in New York working on Wall Street as investment managers, as hedge fund executives. Under the tax code, they can pay a lower percentage of their income in taxes on $50 million than a teacher or a nurse or a truck driver in Parma pays on $50,000. That’s very discouraging to people.
You just feel like, ‘Wait a minute. I’m working as hard as I can.’ All those people you see in your law office. They’re working as hard as they can and they feel like they’re just getting further and further behind.”
Hillary is simultaneously biting the hands that feed her, insulting her daughter’s line of business and applying fuzzy math. Investment managers pay a lower rate because their taxable income is so much higher than teachers in Ohio. Her logic must be a by-product of the lifetime of experience (or is she an agent of change?) that she keeps referring to.
Also, not to knock the very necessary and distinguished work of public school teachers, but employees at investment managers do not get summers off, work many more hours than a typical school day and spend many weekends at the office (speaking from several years of personal experience). Work is definitely not a foreign concept to those in the financial services industry.
One Response to “It Depends On What Your Meaning Of Work Is”
Work is the thing Hillary claims is the ethic that makes America great and which everyone should have the opportunity to pursue. While your at it though, she will set about taxing the daylights out of your efforts because,in her opinion, no one should become really wealthy (just her). Thus, in the final analysis, the desire to remain on the dole will be supported in that people will observe,”Why work?”
By DAD on Feb 22, 2008