First of all the company needs to have some retained earnings to pull from for that "rich" owner. Increased taxes take directly from the RE, so when the "rich" guy wants to go get his paycheck and there is nothing there he has two choices, increase income (higher prices for you and me) or decrease expenses (cutting jobs for you and me).
When we are not talking about the direct owners and we are talking about upper management, exectives, or whoever tends to be the "rich" in companies, those aren't usually the first jobs to go when times get tough. When the owner says "cut some jobs" it usually starts by thinning out the entry level jobs (these are the people that are "benefiting" from Obama's wonderful tax plan).
You are right on about the poor purchasing power of those making under 100K. See above about how the owners of these companies needing to increase income will make our purchasing power much worse. The rich will continue to net the same that they do now when taxes go up. The increase taxes will find there way to you and I.
The rich are wise with their money, which is how they got where they are. They save and invest (it is called planning for your future and living within your means). They save enough to fall back on when hard times happen (the poor and middle class can do this too if we live within our means), but they invest to create more wealth for themselves. These investments benefit us all. They start companies by spending the money they have worked for (you could also look at this as risking the money they worked for). This creates a business that provides jobs and products to you and I. You can also thank the rich for saving our economy in hard times becasue they are the ones that pour all that "saved" money into the economy when it hits the crapper (ask Mr. Buffett and Mr. Dell about 9/11).
When we are not talking about the direct owners and we are talking about upper management, exectives, or whoever tends to be the "rich" in companies, those aren't usually the first jobs to go when times get tough. When the owner says "cut some jobs" it usually starts by thinning out the entry level jobs (these are the people that are "benefiting" from Obama's wonderful tax plan).
You are right on about the poor purchasing power of those making under 100K. See above about how the owners of these companies needing to increase income will make our purchasing power much worse. The rich will continue to net the same that they do now when taxes go up. The increase taxes will find there way to you and I.
The rich are wise with their money, which is how they got where they are. They save and invest (it is called planning for your future and living within your means). They save enough to fall back on when hard times happen (the poor and middle class can do this too if we live within our means), but they invest to create more wealth for themselves. These investments benefit us all. They start companies by spending the money they have worked for (you could also look at this as risking the money they worked for). This creates a business that provides jobs and products to you and I. You can also thank the rich for saving our economy in hard times becasue they are the ones that pour all that "saved" money into the economy when it hits the crapper (ask Mr. Buffett and Mr. Dell about 9/11).
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