Just to qualify this, I received it in an email...
This California gal is going to ruin everything that WORKING Americans have
been putting away for their retirements.
It's interesting how easy it is to spend other folks money.
You aren't going to believe this. Madam speaker Nancy Pelosi wants to put a
Windfall tax on all stock market profits (including Retirement fund, 401K's
and Mutual Funds! alas it is true. all to help the 12 Million Illegal
Immigrants and other unemployed Minorities!
Boy, are we in trouble... This woman is frightening. Take special note of
the last paragraph. Is she really this whacked out?
Nancy Pelosi condemned the new record highs of the stock market as "just
another example of Bush policies helping the rich get richer". "First Bush
cut taxes for the rich and the economy has rebounded with new record low
unemployment rates, which only means wealthy employers are getting even
wealthier at the expense of the underpaid working class".
She went on to say "Despite the billions of dollars being spent in Iraq our
economy is still strong and government tax revenues are at all time highs.
What this really means is that business is exploiting the war effort and
working Americans, just to put money in their own pockets".
When questioned about recent stock market highs she responded "Only the
rich benefit from these record highs. Working Americans, welfare
recipients, the unemployed and minorities are not sharing in these obscene
record highs". "There is no question these windfall profits and income
created by the Bush administration need to be taxed at 100% rate and those
dollars redistributed to the poor and working class". "Profits from the
stock market do not reward the hard work of our working class who, by their
hard work, are responsible for generating these corporate profits that
create stock market profits for the rich. We in congress will need to
address this issue to either tax these profits or to control the stock
market to prevent this unearned income to flow to the rich. "
When asked about the fact that over 80% of all Americans have investments
in mutual funds, retirement funds, 401K's, and the stock market she replied
"That may be true, but probably only 5% account for 90% of all these
investment dollars. That's just more "trickle down" economics claiming that
if a corporation is successful that everyone from the CEO to the floor
sweeper benefit from higher wages and job security which is ridiculous".
"How much of this 'trickle down' ever get to the unemployed and minorities
in our county? None, and that's the tragedy of these stock market highs."
"We Democrats are going to address this issue after the election when we
take control of the Congress. We will return to the 60% to 80% tax rates on
the rich, and we will be able to take at least 30% of all current lower
Federal Income Tax tax payers off the roles and increase government income
substantially. We need to work toward the goal of equalizing income in our
country and at the same time limiting the amount the rich can invest."
When asked how these new tax dollars would be spent, she replied ; ; "We
need to raise the standard of living of our poor, unemployed and
minorities. For example, we have an estimated 12 million illegal immigrants
in our country who need our help along with millions of unemployed
minorities. Stock market windfall profits taxes could go a long ways to
guarantee these people the standard of living they would like to have as
"Americans"."
Send it on to your brilliant friends. I just did!