The Obama Years- A GOP love story

[NC_Skins]

Originally Posted by firstdown

This conversation started with people making $250000 up and you have now changed it to the ultra rich billionaire to make your points. Sorry but the poor don't drive the economy. If they did we would have poor nations.LOL

Actually the CEO for Hostess Probably worked very hard last year if he earned that bonus is hard to say. His pay is voted on by the stock holders and I'll agree I think most are over paid.

So are you saying the very few wealthy people consume more products and goods than middle class/poor people?

So what you are saying is that 1% of the US population consumes/purchases more goods and products than 99% of the people?



http://www.whitehouse.gov/sites/defa...rt_embargo.pdf

Consumer spending makes up roughly 70 percent of the American economy, as measured by Gross Domestic Product.

edit: I went on record saying that I though most people making that 250K were paying their taxes and not using a bunch of tax havens and loopholes to avoid taxes. I even mentioned moving that tax hike up to people who's income hit 1 million.