Rush Limbaugh is calling Massachusetts Senate candidate Elizabeth Warren “a parasite” for comments she made about taxes and rich business owners. It begs the question: how much is too much when it comes to taxation?
At a house party earlier this month, Warren addressed Republican criticism that President Obama is creating “class warfare” by proposing higher taxes for the richest Americans, claiming they owe the country for their wealth.
“There is nobody in this country who got rich on his own. Nobody! You built a factory out there? Good for you! But I want to be clear: You moved your goods to market on the roads the rest of us paid for. You hired workers the rest of us paid to educate,” she said. “You built a factory, and it turned into something terrific or a great idea: God bless! Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.”
The video is a YouTube sensation:
On his radio show Limbaugh called Warren “a parasite,” according to the website Roll Call. He added that she is “an arrogant, condescending, conceited snob who has profound resentment.”
He added, “The government doesn’t have any money until it takes it from people first. It all starts with the business. Without the business, there is no revenue to build a road.”
Certainly many agree with Limbaugh that the rich already pay plenty in taxes. One such person is Michael Bloomberg, the ultra-rich Mayor of New York City.
“I think it’s not fair to say that wealthy people don’t pay their fair share. They pay a much higher percentage of their income, they have a higher rate than people who make less,” Bloomberg added.
Odd that Bloomberg used the pronoun "they" instead of "we." He is the 13th richest person in America according to Forbes magazine, worth a stunning $19.5 billion.
What do you think? Are the rich paying enough in taxes, or could they pony up a few more bucks to help the rest of us out?