If demand drives the market, what's it going to do to demand when the rich have to rein in their spending?

[Bobby]

Since the proposal at present is to raise taxes on the rich between 4 and 5 percent, ONLY on the net income over 250 thousand dollars per year after deductions, you clearly don't know what you are talking about. Let's see. Glen Beck made about 20 million dollars, I read. Let's say he had 1 million in deductions. On the first 250,000 dollars he had a lower rate. So on the 18,750,000 dollars he paid about 39.5 % or so. That would be a tax on that part of the money of a bit more than 7million dollars. Gee, the poor guy would only have 11 million left, plus the amount left on the first 250,000. Can he get by on that? I hope so.

Edit: To Frosty. It mostly is NOT the liberals who are moving those factories overseas. It is your beloved conservatives. And since you mention it, it is the liberals who are now helping the jobless out with things like foodstamps, so lay the blame on someone else.