Nancy Pelosi on Taxing the Rich-Fiction!

Nancy Pelosi Interview About The Stock Market, Taxes, The Rich, and Immigrants-Fiction!

Summary of eRumor:

Said to be an interview with U.S. Representative Nancy Pelosi.  It first circulated before she was elected Speaker of the House of Representatives and, among other things, says that she wants to enact a 100% tax on ” windfall profits and income created by the Bush administration.”
 

The Truth:

 

This interview never took place.  This email was fabricated and circulated prior to the November, 2006 elections.  We have not been able to find a source for it.

A real example of the eRumor as it has appeared on the Internet:



IF YOU DO NOTHING ELSE…READ THE LAST PARAGRAPH!!


Insanity Personified : Nancy Pelosi


Nancy Pelosi condemned the new record highs of the stock market as “just   another example of Bush policies helping the rich get richer”. “First Bush cut taxes for the rich and the economy has rebounded with new record low unemployment rates, which only means wealthy employers are getting even wealthier at the expense of the underpaid working class”.

She went on to say “Despite the billions of dollars being spent in Iraqour economy is still strong and government tax revenues are at all time highs. What this really means is that business is exploiting the war
effort and working Americans, just to put money in their own pockets”.

When questioned about recent stock market highs she responded “Only the rich benefit from these record highs. Working Americans, welfare recipients, the unemployed and minorities are not sharing in these obscene record highs”.

“There is no question these windfall profits and income created by theBush administration need to be taxed at 100% rate and those dollars redistributed to the poor and working class”. “Profits from the stock market do not
reward the hard work of our working class who, by their hard work, are responsible for generating these corporate profits that create stock market   profits for the rich We in congress will need to address this issue to either tax these profits or to control the stock market to prevent this unearned income to flow to the rich.”

When asked about the fact that over 80% of all Americans have investments in mutual funds, retirement funds, 401K’s, and the stock market she replied “That may be true, but probably only 5% account for 90% of all these investment dollars. That’s just more “trickle down” economics claiming that if a corporation is successful that everyone from the CEO to the floor sweeper benefit from higher wages and job security which is ridiculous” “How much of this ‘trickle down’ ever get to the unemployed and minorities in our   county? None, and that’s the tragedy of these stock market highs.”

“We democrats are going to address this issue after the election when we take control of the congress. We will return to the 60% to 80% tax rates on the rich and we will be able to take at least 30% of all current lower Federal Income Tax tax payers off the roles and increase government income substantially. We need to work toward the goal of equalizing income in our country and at the same time limiting the amount the rich can invest.”

When asked how these new tax dollars would be spent, she replied “We need to raise the standard of living of our poor, unemployed and minorities. For example, we have an estimated 12 million illegal immigrants in our country who need our help along with millions of unemployed minorities.  Stock market windfall profits taxes could go a long ways to guarantee these people the standard of living they would like to have as ‘Americans.’ ” 


Send it on to your intelligent friends. I just did!!

 This is an insult to the people she supposedly represents!