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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Road Walker who wrote (408863)	8/21/2008 5:25:42 PM
From: longnshort	Read Replies (1) \| Respond to of 1573943

Ok, on taxes, define "rich." Everybody talks about taxing the rich, but not the poor, the middle class. At what point - give me a number, give me a specific number - where do you move from middle class to rich? Is it $100,000, is it $50,000, is it $200,000? How does anybody know if we don't know what the standards are? MCCAIN: Some of the richest people I've ever known in my life are the most unhappy. I think that rich should be defined by a home, a good job, an education and the ability to hand to our children a more prosperous and safer world than the one that we inherited. I don't want to take any money from the rich -- I want everybody to get rich. (LAUGHTER) I don't believe in class warfare or re-distribution of the wealth. But I can tell you, for example, there are small businessmen and women who are working 16 hours a day, seven days a week that some people would classify as - quote - "rich," my friends, and want to raise their taxes and want to raise their payroll taxes. Let's have - keep taxes low. Let's give every family in America a $7,000 tax credit for every child they have. Let's give them a $5,000 refundable tax credit to go out and get the health insurance of their choice. Let's not have the government take over the health care system in America. (APPLAUSE) So, I think if you are just talking about income, how about $5 million? (LAUGHTER) But seriously, I don't think you can - I don't think seriously that - the point is that I'm trying to make here, seriously -- and I'm sure that comment will be distorted -- but the point is that we want to keep people's taxes low and increase revenues. And, my friend, it was not taxes that mattered in America in the last several years. It was spending. Spending got completely out of control. We spent money in way that mortgaged our kids' futures.