DNC delegates want to ban or cap profits – Are you listening Hollywood?!? (Video)

As usual, if you want to appear smart at a Democratic convention, just ask a stupid question.  When radio personality Peter Schiff went to Charlotte for the DNC, he did just that. Posing as an anti-business crusader, Schiff found a number of DNC delegates and attendees who support explicitly outlawing profitability.  I would have loved for him to ask these same zombies if they would also support a cap on the salaries of Hollywood actors, recording artists, and sports figures.

 

Or how much money Hollywood moguls and team owners can earn.  If so, Eva Longoria, Bruce Springsteen, Jeff Bridges, LeBron James and Kobe Bryant might be singing a different tune and Hollywood might not be so liberal!  There is enough Capitalism in Hollywood and the sports world that the Marxist agenda may meet with some strong opposition.

What these brainiacs haven’t figured out yet is the ‘simple’ formula the IRS uses – the more you make, the more you pay in taxes!

 

 

If you want to know how 1%er Will Smith feels about paying higher taxes, watch this interview:

 

 

Even the top 1% draw the line somewhere! Again, if you limit what they make, you limit the amount they pay in taxes – it’s the economy stupid!

H/T Sumeet Gohri

Obama and Buffet Rule supporter Will Smith shocked by France’s proposed 75% income tax – ‘God bless America’

I think even the top 1% draw the line somewhere

During an interview this week with a French TV station Will Smith, who supports both President Obama and the Buffet Rule, said he also supported the idea of paying higher taxes.  He was shocked when the reporter told him about a proposal from France’s new president to raise the marginal tax rate to 75 percent.

“I have no issue with paying taxes and whatever needs to be done for my country to grow. I believe very firmly that my ability to sit here — I’m a black man who didn’t go to college, yet I get to travel around the world and sell my movies, and I believe very firmly that America is the only place on Earth that I could exist,” Smith said. “So I will pay anything that I need to pay to keep my country growing.”

 

Then the interviewer told Smith if he lived in France he would pay a 75 percent tax rate on income over one million Euros.

“Seventy-five?” Smith gasped. “Yeah, that’s different, that’s different. Yeah, 75. Well, you know, God bless America.”

That is what we will be paying if we continue the road we are on.  We cannot support all of our out of control entitlements without raising taxes since the current administration refuses to implement a budget and seriously cut expenditures.  When the taxpayers quit paying and/or leave the country, i.e. Facebook’s own Eduardo Saverin, we will find ourselves working for the Chinese government for nothing!