Bill O’Reilly Is A Moron
by digby
O’Reilly is so concerned about his potential tax burden under the “Buffett Rule,” he told his television audience last night he might just quit workingaltogether.
“I must tell you I want the feds to get more revenue. I don’t want to starve them as some people do. We need a robust military, a good transportation system and protections all over the place.“But if you tax achievement, some of the achievers are going to pack it in. Again, let’s take me. My corporations employ scores of people. They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50 percent, which is very possible, I don’t know how much longer I’m going to do this. I like my job but there comes a point when taxation becomes oppressive. Is the country really entitled to half a person’s income?”
That’s the best reason I’ve yet heard for raising taxes on these creeps. What’s funny is that O’Reilly is under the illusion that he’s one of the big job creators in our culture who can’t be asked to give up even one penny of his massive income lest he lose all reason to wake up in the morning. Well sorry — he’s one of the entertainers, not one of the producers. He may be irreplaceable to curmudgeonly old FOX News, but it won’t make a bit of difference to the economy. So, buh bye.
But that’s not why I say he’s a moron. He’s a moron because he doesn’t know how marginal tax rates work and when you make the ridiculous sums of money he makes, you really ought to. On the other hand, if he’s so dumb that he thinks Obama is actually proposing a 50% tax rate and then whines publicly to a country full of poor people about it, then maybe we should just take his money.
.