Friday, May 18, 2012

Rich people, job creating and taxes


Notable comments : He accurately described the economy cycle, debunked republican's ideology, bitch slap bush's tax cuts for the rich, and prove Obama's plan to tax the rich works ALL this in under 6 minutes.

Top 20% can be divided into 2 catagory, the extream 5% and the 15%
Extream 5% are those from the one who are on & off the 40 top richest Malaysian.
While the other 15% are those who actually, RICH Middle Class are just got lucky to have a salary above 8k.
Despite the graph was publish in 2008, our current average salary for  middle class still remains at 3k.
and most of Malaysian citizens are stuck in there.
Working their ass out to pay off unreasonable taxes.
While the poor, who are just poor, waiting for government support  are exist just to scare those pity midclass out.

Middle class have the most powerful purchasing power. Not the rich.

 Lets say, in a small village, theres consist of,  5ppl rich people, 55ppl middleclass and 20 poor people, and the case study of  sales of sugar.
all 60 people will definitely purchase it.
but 55 is dominated by the middle class.

IF, those so call job-creating-rich-people purchase 100 times amount of sugar that is consume by the middle class for business purpose ( example: biscuits, roti, restaurant food,sweets) &; all the bread is consume as daily food by the whole village. its those middle class and lower who is yet again the main consumer. not the rich.

Business does not exist if there's no consumer and jobs are consequences of consumer and business.
Rich will be come richer. and Poor just remain just like that.

50 people who own 1million Ringgit is better than 1 people who own 50million Ringgit.

p/s: wtf am i babbling. LOL



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