Off-Topic: Bernie Marcus will not apologize for being rich
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Name:
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water_watcher
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Subject:
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Bernie Marcus will not apologize for being rich
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Date:
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9/19/2010 2:24:35 PM
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Saw Bernie as a co-host on CNBC ... he is a billionaire and was asked if he feels guilty for his wealth. His response was wonderful ...
Not an exact quote ... but he said, when he and Arthur Blank started Home Depot he had very little money. They both worked the floor, did their own books, ran the register, etc. Their their hard work they created over 300,000 jobs for americans, not counting the additional jobs created by suppliers, contractor building their stores, etc.
Raising taxes on those making over $250,000 (70% are small businesses) makes no sense since those are who create jobs. Taxing them more, reduces investment and creates an unwillingness to take risk to expand (that creates jobs).
Obama and the socialists just do not get it and do not understand that free market capitalism with low taxes is what creates economic expansion and job growth.
As has already been pointed out ... republicans took over congress after Clinton's second year and held it until 2006 .... the period of time we had the greatest exconomic expansion, under a democrat and republican president. Since 2006 ... when the dems took over it has been a downward spiral.
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