The largely successful demonization of “the rich” is unfortunate and extremely destructive.
(Note: if you make $249,999.99 annually, you are not rich. If you make $250,000 annually, you are. I hope you find this helpful.)
The government destroys wealth. Private citizens create wealth.
One big way they do this is by employing other private citizens. They can’t employ other private citizens without starting a business or expanding an existing one. They won’t start a business or expand an existing one with a president so philosophically hostile, and a Congress so legislatively hostile, to commercial interests.
That is why many individuals and companies are sitting on many billions of dollars, instead of growing businesses (and improving the employment picture) with it. See, right now, at least they have the cash. They’re getting next-to-nothing return on it, but they have it. Why would they risk it in such a tax- and regulation-happy environment? They’re waiting the Obama administration out.
That is one big way our Congress, and our president, are prolonging the current economic malaise.
That is one big reason you should vote them out.
Beyond that—and carry this forward with you for the rest of your days—stop demonizing “the rich.” Cutting their throats is cutting all of our throats.