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  • "I do think at a certain point you've made enough money" - Really???

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    39 posts, 17 voices, 841 views, started May 1, 2010

    Posted on Saturday, May 1, 2010

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      Diamond
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      Yesterday, President Obama said this in a speech. It’s interesting because he made several million dollars last year!  

      Do you agree with his statement? Do you think he has one standard for some people and a different standard for the rest of the American people? Should there be a cap on what people make? What does this say about his views on the American dream? How much to him is too much?

      This baffles me!

      Annie

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        • 0 votes vote up vote up

          Tuliplady wrote May 1, 2010
        • That is an absolutely ridiculous statement!!  I can’t believe the stupid things that roll out when this man opens his mouth.

          Sure, let’s set some income limits.  I want to see the president and congress live on what the average family in my hometown makes!

          I was listening to the radio the other day and heard him quoted as saying “There can be no free market unless it is regulated.”  Hello??? The two are completely contradictory!



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        • 0 votes vote up vote up

          UK Girl wrote May 1, 2010
        • At the turn of the century when the divide / gulf between rich and poor was not a small divide but almost a canyon that's when communism / Marxism /Stalinism thoughts came about where in an ideal world everyone was equal and everyone worked for the collective good .

          But we all know via history that the two countries that embraced it with deep fervour Russia and China it doesn't work and now they are more capitalist than the rest of the Western world. Look at Korea it's made of two halves, one which is thriving and growing as a free market and the other where they are locked in an oppressive regime of communist rule and starving.

          So is Mr. Obama saying you'll become a communist state which would be a turn up for the books considering how long you've all looked for "reds under the beds". I truly  don't know why someone would make a statement so ambiguous as that ?



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        • 0 votes vote up vote up

          UK Girl wrote May 1, 2010
        • So what is enough money - who sets the limit ?



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        • 0 votes vote up vote up

          Linda Hendricks wrote May 1, 2010
        • First... let me make something clear... I’m not an Obama fan
          Secondly... I’m all for being capitalistic

          HOWEVER... I have begun to feel that there is a big difference between making money... and just plain greed.  I think the companies of today need a reality check.. and I suspect if things don’t change really soon... you will find more and more “regular” employees revolting...

          In 2002... just a year after 9/11... (in 9/11.. the company I worked for had it’s headquarters in the towers)... as analysts located at another location... we worked around the clock maning phones... setting up new cubicles for displaced workers... putting into place more disaster recovery procedures etc... and when I say around the clock... it is literally... we worked around the clock... I worked 22 hours straight before going home and catching some sleep only to come back and do it all over again).. we were salaried... no extra pay... just did it for the good of the company... and how were we rewarded?

          ...I’ll tell you.. a layoff a year later... if the company had been in dire straights ... I suppose I would have understood... but they weren’t... they needed to shave off a little off the bottom line... so they laid us off... there were 3 “waves” of layoffs in 6 weeks... mine had close to 400 laid off... all experienced and seasoned employees.. and because of the long-term employee makes more.. we were targeted... oh ... and a week after the last wave.. the execs rewarded them selves with large bonuses.. and when I say large.. they were large... more than most employees make in a year.

          I thought that company was unique... well time has shown.. it has become common place... and all it is ..is greed at the expense of employees.  

          With unemployment what it is... and the percentages only tell part of the situation... there are thousands that have fallen off the rolls and therefore are not counted..  

          Does someone need or for that matter really and truly deserve 15 million a year in bonuses?  Sorry.. I don’t think so... the balance of wealth is becoming so skewed... I can only think of one other time in history that it was so unbalanced... and the people revolted... French revolution ... any one remember their history?

          I don’t know the answer.. but I can tell you.. firns that payout exorbinant bonsuses then in the next breath layoff people... well.. it’s wrong... and mind you.. these people don’t “own” these companies... it’s not like a business owner that has invested his time in money in building his business... these are MBAs that have come to work for publically traded companies and are now raping them.

          Sorry to go on and on... but there are more to these stories than you think.. just surf the net sometime... search “unemployment extension 2010“.. find some blogs and read the comments.. read the stories of real people hurt by these companies and greedy individuals.. eye opening.



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        • 0 votes vote up vote up

          Veggie wrote May 1, 2010
        • Linda, sorry to hear what you went through!

          The limits on the amount people make is just for us little people.



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        • 0 votes vote up vote up

          Mztracy wrote May 1, 2010
        • Ok did not hear the speech.  

          But, hubby said it was more re; the bankers who got money, did not spend the way they were supposed to, and keep getting bailed out.

          But, again, i did not hear the speech, but hubby is very politically inclined.

          I will say I agree with Linda re: there is a difference with making money and plain out greed!



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        • 0 votes vote up vote up

          Karyn Olson wrote May 1, 2010
        • The saying “The rich keep getting richer and poor keep getting poorer” holds true...has always been like that...and most likely won’t change...frown



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        • +1 votes vote up vote up

          Mztracy wrote May 1, 2010
        • ok here it is, and it is about lobbyists and bankers, not ordinary Americans!! It is about stopping their power to do anything they want.  

          I’m thinking he did pretty good with this. Clear and concise!

          I did vote for him and am proud I did. happy



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        • 0 votes vote up vote up

          Vikki Hall wrote May 3, 2010
        • I’m pretty sure we had the conversation about Biden and how much he donated to charities and how much Obama donated.

          If I remember correctly Obama donated ALL of his Nobel Peace Prize money (but still had to claim on income tax) and I’m pretty sure he also made other donations on top of that.

          Here’s a FOX news link
          [Link Removed] 


          Vikki89, Your links have been removed, please consider upgrading to premium membership.



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        • 0 votes vote up vote up

          Vikki Hall wrote May 3, 2010
        • Lol! It would be nice if we could decide where and what our taxes go..... wishful thinking thoohhhh



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        • 0 votes vote up vote up

          Amy L. Harden wrote May 3, 2010
        • I find it very interesting that the government, whether it is the federal or state are very quick to snag your money on the 15th OR if it is owed....but man o man can they drag their feet when sending out a check, especially when you need the money to pay City taxes.

          Obama’s statement is a hint...he is going to make sure that people only earn so much...then all the gravy goes to the government.  Listen to what he says carefully...change is happening...it just isn’t the change that we thought it was.

          BTW human beings don’t like change and even if they think they want it...we naturally resist it...the brain wants to remain in a comfort zone which is the norm that we are used to...there is nothing about what the Obama Administration is doing that feels comfortable to me...ESPECIALLY when he says that there is point when you can earn enough...How much is ENOUGH?  ...I think I feel my brain resisting this change...it certainly isn’t comfortable! Time to get in to the Zone....



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        • +1 votes vote up vote up

          Mztracy wrote May 3, 2010
        • Do we know where the full speech is? See unfortunately there are good editors out there.  

          He could be talking about companies as well as basic American people.  

          I never trust cut up vids, as they are cut up to fit a person’s purpose! estatic This is where scare statics come in to play.



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        • 0 votes vote up vote up

          Cynthia Schmidt wrote May 3, 2010
        • I know this is a slightly different topic but we’ve been informed that our State tax return is going to be late - or not at all. I know California is in the same boat but any other states holding back the refunds that you know of?



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        • +1 votes vote up vote up

          Mztracy wrote May 3, 2010
        • I’m in Cali and we got ours in the same time we always do.

          I noticed a Fox news mention. They are THE most biased station ever. Even their morning news people make jokes about their news.  

          I hate the vids where they are cut and edited to look like something they are not. and 99 percent of the time they  do just that.

          I am bowing out now as this whole political thing makes me sick to my tummy.

          From the day Obama stepped in to office, he has not been given a chance and never will be. And most of the information i am seeing is all mis-informed and I do not have the ‘spoons’ to keep reading or giving my opinions.  

          Love you ladies, but I am done!!



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        • 0 votes vote up vote up

          Mary Clark wrote May 4, 2010
        • Well I didn’t vote for the man...never liked ONE thing he stood for....he does not go along with MY way of thinking of how this country should be run.,,..therefore...giving him a chance was NOT on my agenda.  Even after a year...there is nothing I like about the man nor agree with.  Period.  And I don’t care WHO he is.  He goes against everything I believe in....nothing has changed in my opinion of him.  

          With that said...this statement that he made goes right along with his earlier statement made before he was elected....“spread the wealth“.  Compared to me....I feel he made waaayyy too much money...therefore...Mr. Obama...let me have some of YOUR money....
          your pocket change can pay off my house....and my new truck.  What?????  You GIVE up your money??????  OH ...it doesn’t work that way??  Only the people give up....but YOU DON‘T???  Hmm.....this is how HE WOULD LIKE FOR IT TO ALL PLAY OUT.  

          I don’t trust him as far as I can throw him.......he’s like a wolf in sheep’s clothing.  

          He is referring to people...not companies....and everyone has the right to make as much money as they want....as long as it is legal.  When the government starts regulating how much money you can make....you will then see the fall of this country.  Personally....I think it’s a crock of crap that senior citizens who draw social security can only make a certain amount until the young age (yeah right) of 70.  Now that is regulation....if we have that now...why do we think he won’t implement regulating how much you make prior to social security....if there is any left.



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        • 0 votes vote up vote up

          Angela Watson wrote May 4, 2010
        • While wall street was manking all that money it seems they were not doing the same for their clients. I listened to the question and answers between brokers and congress...it is frustating. The news sometimes can be misleading and misinterpret.. leaving people paranoid.worried



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        • 0 votes vote up vote up

          Mary Clark wrote May 5, 2010
        • YOU ARE SO CORRECT ANNIE...WELL SAID!!  

          I can’t comprehend why some people do not get that.....pretty simple thinking!!



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        • 0 votes vote up vote up

          Tamra wrote May 5, 2010
        • With respect to the original question, limiting people’s ability to make money is pure socialism.  Is that what we want for our society?  We’ve seen how dismal life can be under that way of thinking.  Is that where we are headed?

          If more people made more money, the gov’t would collect more in taxes and PresO and the dem Congress would have more to spend.  Why can’t they see that?

          But, ya know, really, it’s all pretty simple.  Truth be told, PresO is mostly interested in retaining his power.  So he’s just saying what he thinks we want to hear, what’s popular.  As a millionaire, he obviously doesn’t really believe there ought to be a limit on one’s income.  Just wait til his book deal comes out!  ha!



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        • 0 votes vote up vote up

          Tamra wrote May 5, 2010
        • Mary, it blows me away, too, how people are blind to his ways.  He and his administration are destroying our very way of life.

          Annie listed just a few of the things that could happen to us.  I’d like to add that our security is also being threatened.  Just look at the recent terrorist events.  We are viewed around the world as weaker now under Obama.  We are an easier target now that we are unwilling to say “war on terror.”

          Give him a chance?  I did.  It’s been over a year.  I’m sick of waiting for leadership.  All I see now are politicians trying to keep and build personal power and wealth.  It sickens my tummy, too.

          Vikki, as to PresO’s taxes, he claimed the income AND claimed the charitable deduction.  The result is HE DID NOT PAY TAX on the Nobel prize.

          I fear where we will be a year from now if we don’t achieve some balance in our federal government soon.



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        • +1 votes vote up vote up

          Vikki Hall wrote May 5, 2010
        • I get what you all are saying! I do! I don’t neccesarily disagree with it either. However I am still waiting for the last administration to give up some of their hard earned money too. I haven’t seen a cent from the past President to help me pay off my debt.

          Hmmmmmm maybe the men in power are not so different after all!



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        • 0 votes vote up vote up

          Tamra wrote May 5, 2010
        • Me, too, Annie.  My patience is wearing thin, but that is one bright ray of hope to cling to!!



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        • 0 votes vote up vote up

          Tamra wrote May 5, 2010
        • Annie, I know what you mean about the constant criticism of the financial markets.  Wall Street is simply an easy target, so they go after the industry.  But how short-sighted.  I feel your pain, as my hubby works for the most hated company in America right now.  The ridiculous, opinionated news coverage of the tragedy gets my blood boiling.  The “big, bad evil corporation” happens to be made up of real people trying to build and provide for this nation while making a decent living for their families.  It’s very risky business and everyone with any sense, knows that.  Accidents happen, and the response has been intense thusfar.  But you’ll never hear that common sense thinking in the media.

          Ok, sorry, I’ve ventured off onto another tangent.  Guess it goes to show how frustrated I am these days!



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        • 0 votes vote up vote up

          Angelcart wrote May 5, 2010
        • Tamra, what company does your husband work for?

          I feel, if you earn it....more power to you.



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        • 0 votes vote up vote up

          Vikki Hall wrote May 5, 2010
        • Angelcart I agree with you.... if you have worked (honestly) for it than yes you should be able to keep it. But on I also don’t think you should be able to get tax shelters to protect your income if you have a certain amount (those millionaires).



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          Angelcart wrote May 5, 2010
        • Annie, your right....that’s another blog.happy  When I was much younger I always loved income tax time because I always got a refund.  Now......I dread it. frown



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        • 0 votes vote up vote up

          Vikki Hall wrote May 5, 2010
        • Lol! Bring it on Annieestatic



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