Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

Will Obama make you richer?

He sounds like he is going to take all the rich guys money and give it to the rest of us!

18 Answers

Relevance
  • Kojak
    Lv 7
    1 decade ago
    Favorite Answer

    On the short run I probably would make more money under Obama.....but this is NOT about my having a few more dollars but what is good for the nation.

    Obama's socialistic approach.....blatant plan to "redistribute the wealth of America".....will destroy America

    He can not "buy" my vote at the cost of destroying America

    He ran for state and federal office on the promise to "LOWER TAXES.....after his election he voted REPEATEDLY 95 times to INCREASE taxes.....and never once voted to decrease taxes...... AGAIN he is promising to lower taxes.....he lied to you TWICE.....do you really expect him to keep his word this time ???

    Examine Obama's "solutions" (??) to the problems that face America.... from Outsourcing to health care..... they all sound good until you examine them closely.....look at their full impact and eventual result..... He is not "evil" just inept and inexperienced..... that is why most of the major American economists .....both Democrat and Republican.....say Obama will bankrupt America in three years if he implements his policies

  • 1 decade ago

    Might make us richer in the way that we treat each other seems like me that he want us to come back to being one nation and building a strong goverment for the people not the rich or the poor but for all of us.

  • 1 decade ago

    Rich is a relative term. But for the past few decades, the gap between the rich and the poor has been widening. Therefore, if he can push through some reforms in taxation, then it may be possible to address the widening gap.

    Some of his measures may make it happen, over a longer term:

    1) additional taxation for high bracker income groups;

    2) more taxation on profits of large corporations;

    3) investment in future of Americans (through education, health, innovation and research, etc) but these need expenditure in the short term;

    4) taking away expenditures that are not working (saves the federal budgets of billions);

    The public debt is now $5.6 trillion, not including social security, medicare and medicaid (if those are included, these add up to the tune of $59 trillion). Therefore, he may try to tweak the whole budget to lessen the total debt. Lowering the total debt is equivalent to making the citizens wealthier. However, even the most optimistic outlook for this to happen will need at least 10 years of austerity - in reversing the past excesses.

  • Anonymous
    1 decade ago

    It doesn't sound like that at all.

    I remember, on the radio, a women was on a talk show showing people how to make money on the stock market. and part way through the show she said, "Well, you know, I like to invest in blocks of $100,000."

    Oh, my. How clued in to real life are the rich?

    Obama's for taking some of the burden off of the Middle Class and laying more off the burden upon the rich. I'm quite sure another couple of million won't hurt the likes of Bill Gates or a few hundred thousand more for Cindy who admits to pulling in about $6 million per year,

    I'm sure that people like Madonna, Oprah, Nicholson etc can easily afford a bit more without having to do without. Maybe McCain could use a number of houses he can actually count!

  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Socialists often make the very poorest have higher incomes but at the cost of making 90% of the population, ie, the labor and middle classes, much poorer.

  • debijs
    Lv 7
    1 decade ago

    ~~More information from sound clips and email propaganda. He wants jobs and health care, as well as education for every American who wants these things by "working" for them. So yes he will make us a richer society.

    He is not proposing stealing from the rich and giving to the middle class and poor. He is talking about everyone paying a fairer share of taxes. If you make less than $250,000.00 a year, you have much less loopholes available to get out of tax burdens compared to the people making over this amount. I think it should be a level tax base for everyone!

    Please read www.barackobama.com Then you can see you have been misinformed.~~

  • 1 decade ago

    Seems to me that both McCain and Obama are making lots of costly promises, and at the same time not rising taxes.

    American national debt is rising .. not so nice for the kiddies, or for the future economy of America.

  • 1 decade ago

    Really? That's not what I get. He sounds like another Washington insider to me.

    However, since the 1980s the USA has seen the greatest upwards transfer of wealth in history, no serious economist disputes this. So if Obama really is promising to redistribute the wealth, good for him.

  • 1 decade ago

    no he will not make me richer, but he wont make me poorer either. he's taking money from the rich for all this programs he's going to instill to help the economy, help with health care costs etc...

  • 1 decade ago

    No because I live in Australia

Still have questions? Get your answers by asking now.