I am returning to a subject that I began yesterday. This is the second episode of what the rich are going to do with all those tax cuts that the Republicans want to give to them through extending the Bush tax cuts for the rich in lieu of the Obama tax cuts for the middle class. As I said yesterday with regard to the 1 percent top income group in this country, the high and mighty who earn more than $1.3 million a year in taxable income, according to the Republican plan each one of them will receive a tax cut, every single year, of $83,347 each year. I have given a lot of thought to what they are going do with that money. I made some suggestions yesterday, and here are some more suggestions about what they could possibly do with this windfall that the Republicans want to hand to them at a time when this country has 9.5 percent unemployment, 40 million people who cannot see a doctor when they are sick, and so many people who are in danger of losing their homes. For instance, the rich, the idle rich, the high and mighty, the ruling class, they can buy three tickets to the most expensive suite at the Super Bowl. That costs only $75,000. They will have $12,000 left over in pocket change. Here is something else that they might do with the windfall that the Republicans want to give them. They can go to the top of Mount Everest. That costs only $65,000, a luxury climb to the top of Mount Everest, with somebody holding your bag for you the whole way up.
Alan Grayson: “I am returning to a subject that I began yesterday. This is the second episode of what the rich are going to do with all…”
On the recordNovember 18, 2010
Editor's note · Context
The speaker discusses the implications of extending tax cuts for the wealthy amid economic challenges.
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