I(!) said several years ago that Obama probably becomes the wealthiest post-term president ever. I was right.
At some point I think he’s made enough. I think somewhere around, say $250k?
It would be interesting to see what would happen if a bill were introduced that required politicians to pay a tax of 100% on their net worth over and above what would be the average return for the S&P 500 a year while they are in office. So If a politician is elected and is worth $500k, and the S&P did 10%, anything over $50k that taxed at 100%. Any income after they leave office that is from books, speeches, lobbying, or anything directly related to their time in office is taxed at 90%. They didn’t build that. The taxpayers did.
Of course that would never happen. The days of politicians becoming multi millionaires off the political positions will never end. Cronyism.
A vapid empty suit who reads a mean teleprompter and stirs a thrill up Chris Mathews' leg.
I own that I voted for him twice, and he was a massive disappointment that history will be unkind to. This type of speech is gasoline on the fire of his already burning legacy. He should just stop stoking the flames, but his skinny-guy ego needs to be fed in the most "Please Don't Forget Me" sort of way.
He also realizes the truth of the fact that even a fat, cheeto-skinned philanderer who doesn't give a shit about much of anything is already a better President than he ever was. These speeches are classic punching-up efforts to preserve the relevance of an otherwise irrelevant person.
A vapid empty suit who reads a mean teleprompter and stirs a thrill up Chris Mathews' leg.
I own that I voted for him twice, and he was a massive disappointment that history will be unkind to. This type of speech is gasoline on the fire of his already burning legacy. He should just stop stoking the flames, but his skinny-guy ego needs to be fed in the most "Please Don't Forget Me" sort of way.
He also realizes the truth of the fact that even a fat, cheeto-skinned philanderer who doesn't give a shit about much of anything is already a better President than he ever was. These speeches are classic punching-up efforts to preserve the relevance of an otherwise irrelevant person.
Don't take this as an attack on you, it's just a great illustration on how Obama won. People saw in him whatever they wanted to see. I recall having conversations with people back in 2008 who were convinced that Obama was going to lower the budget deficit and finally start the to fight the "real" war in Afghanistan while getting us out of Iraq.
Now how you voted for him the second time is the real mystery.
Comments
At $500k per speech, BHO needs to pace at $5k per self gratification.
He only came in at $4900 this round.
Be better.
It would be interesting to see what would happen if a bill were introduced that required politicians to pay a tax of 100% on their net worth over and above what would be the average return for the S&P 500 a year while they are in office. So If a politician is elected and is worth $500k, and the S&P did 10%, anything over $50k that taxed at 100%. Any income after they leave office that is from books, speeches, lobbying, or anything directly related to their time in office is taxed at 90%. They didn’t build that. The taxpayers did.
Of course that would never happen. The days of politicians becoming multi millionaires off the political positions will never end. Cronyism.
He also realizes the truth of the fact that even a fat, cheeto-skinned philanderer who doesn't give a shit about much of anything is already a better President than he ever was. These speeches are classic punching-up efforts to preserve the relevance of an otherwise irrelevant person.
Now how you voted for him the second time is the real mystery.
What are your thoughts on the best time, from a macroeconomic perspective, to cut taxes--during economic expansion or recession?