« Shiite Hezb'allah and Sunni Salafis sign accord |
Blog Home Page
| Iraq to send $ to Putin's Russia »
August 19, 2008
Phelps, Gold, and Taxes
Listening to the radio this morning I heard that Michael Phelps is coming home from Beijing a rich man. Thirty million dollars rich. The question thus arises, how much do American's think he owes our government for his well deserved rewards?
John McCain has made it clear that he wants "everybody" to get rich. Thus, he is proud of Mr. Phelps and does not want to tax Mr. Phelps any more than necessary. Mr. Obama has made it clear that he think rich people like Mr. Phelps should owe the government much more than it currently takes.
Because Americans can easily understand the years of grueling hard work which Mr. Phelps has put into his swimming, I will bet they do not want to tax away more of what he has earned. If I were running John McCain's campaign, I would make the now very rich Mr. Phelps a case study in taxation, note the taxes he already will be paying, and point out that Obama wants more.