What do the Democrats mean when they talk about taxing the uber-wealthy and making them “pay their fair share”?
According to WWL’s Newell Normand, that tax bill will still land firmly on your back.
“I know they want you to believe that they’re all sitting around in a cigar smoke filled room,” Normand said. “You know, at some country club or private club, and that’s all there is. Well, every one of you that have a 401 K, you’re an investor.”
Normand went on to talk about the types of money he believes will get taxed in larger amounts by the Democrat tax plan.
“Every one of you that have a deferred comp plan, you’re an investor,” he said. “Every one of you that have a retirement system, that system is an investor. And in fact, the way that you improve your financial position, and whether or not a pension fund is actuarially appropriately funded, is because of investment decisions that they make.”
You can hear the full clip by clicking the link above.