Letter: He works hard, pays taxes so others get government check, he says
TO THE EDITOR: Our president sides with the "99 percent," the "Occupy" anarchists in the Guy Fawkes masks.
He recently said, "I don't think it's fair to ask nothing of someone like me when the average family has seen their income decline over the past decade and when many of you are just trying to stretch every dollar as far as it will go."
Lumped into the "someone like me" category are folks with $250,000 per year household income, a home in a metro area, a couple of children in college and a mortgage. Barak is holding his own with a $400,000 salary, $150,000 expense account, $20,000 entertainment account (i.e. golf) and other princely presidential perks. His net worth is estimated at $10 million.
What he leaves out of the discussions is 80 percent of his "tax the rich" scheme falls on those making between $250,000 and $500,000, including many small business-owners and job-creators.
How often have you heard elite rulers repeat the mantra "They must pay their fair share!" and promise to go after giant multinationals? "He brings a wealth of experience to the table" announced Obama, when he appointed GE's CEO, Jeffrey Immelt, to head The President's Council on Jobs and Competitiveness.
Immelt earned $15.2 million in 2010 and GE earned $5.1 billion in the U.S., yet paid nothing ($0, zero, nada) in taxes. In addition, they received a $3.3 billion federal refund.
As for "jobs and competitiveness," during his 10-year reign, Immelt cut 34,000 GE jobs in the U.S. and sent 25,000 jobs overseas. Waukesha is now losing GE's X-Ray Division, relocating to China.
Though I understand them, I am neither the 99 percent nor the one percent. I am one of the 53 percent who work hard and pay taxes so 47 percent of American households get a government check.