Sunday, March 25

What's your definition of "Millionaire"?


Obama: Anyone who makes over $200,000.
Wikipedia: an individual whose net worth or wealth is equal to or exceeds one million units of currency.
Merriam-Webster: A person whose wealth is estimated at a million or more (as of dollars or pounds).
Dictionary.com: A person whose wealth amounts to a million or more in some unit of currancy, as dollars.
Investopedia.com: It is important to note that paper millionaires are not the same as true millionaires, which generally refers to people who have more than $1 million in cash in the bank.
Urbandictionary.com: A person or organisation that is in possession of over one million of a pre-set currency in liquid assets, except property.

I don't know about you, but I have a great deal of diifficulty believing anything that comes out of the mouth of someone who makes-up definitions of the words they use.


In practically every speech on taxes, President Obama likes to pit the wealthier population against everyone else by using the term “millionaires” to pay their “fair share” of taxes.  Class warfare is unnecessary.  As you know, President Obama wants to raise taxes on individuals making $200,000 and families making $250,000.  First of all, how $200,000 + $200,000 = $250,000, instead of $400,000 as a couple, is beyond me.  Is one spouse supposed to suddenly make only $50,000 from $200,000?  Give me a break. http://www.financialsamurai.com/2011/08/17/how-long-does-it-take-to-become-a-millionaire/

One of the problems of taxation needs to also be applied to Social Security.  The maximum taxable earnings amount for Social Security (OASDI) taxes, 2012, is $110,100. True Millionaires don't have to pay any more into Social Security after they earn $110,100. Fortunately there is no cap on income and payments into Healthcare. However, both Social Security and Healthcare, as well as all government relief programs, are destined to bankrupt the United States, if illegal immigrants are allowed amnesty.

First we need to change the US Constitution to eliminate birth right citizenship for people who are born here, but neither of the parents are legal citizens. Then we need to establish a guest worker visa program that insures that only citizens can get any government relief.

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