Guess who is coming to dinner? The Nancy Pelosi $1000 a plate dinner?

Will your 67 year old grandmother be able to have the facelifts and eye lifts that Nancy Pelosi did on Mediacare?

“‘This old woman is quite prejudiced toward China. Therefore, (she) may bring some dissonance to Sino-U.S. relations,’ Professor Jin said.”

Actually, I hope my grandmother can afford a better plastic surgeon. Pelosi’s face now looks like the Joker played by Jack Nicholson. She must sleep with her eyes open.

Are any union bosses and other lobbyists coming to the dinner tonight? Will Nancy Pelosi‘s high-end Piati restaurants be the official caterers? Which Napa Valley wines will be served? Will the Rev Jesse Jackson be at the table? How about Cindy Sheehan? Will the servers be union? Will the women wear burkes? Imagine how much Nancy Pelosi could have saved on face lifts if she wore a burke.

Speaking of Democrat Progressives, this would be a good time to show you the progressive income tax mirroring socialist systems in France and Germany.

The Top 1% Pay 35%

Maybe our liberal friends are onto something. They keep saying the rich should pay more taxes, and it turns out the rich already are! That’s one of the valuable lessons from the IRS’s annual study of income tax data, just released for 2004.

Americans who earned more than $1 million in adjusted gross income paid $178 billion, or an average of $740,000 per filer, in income taxes in 2004. That’s up about one-third from 2002, the year before the Bush tax cuts in marginal income-tax and dividend and capital gains rates. The wealthiest 1% of tax filers paid a remarkable 35% of all individual income-tax payments that year.

Here’s a way to think of the distribution of current income-tax payments: Imagine Nancy Pelosi’s banquet attended by 100 random Americans. If the bill for the meal is distributed like the income tax, the richest person in the room is required to pay one-third of the tab (that would be George Soros) — or more than all 50 attendees with a below-average income. The three richest people are charged as much as the other 97. And the 30 or so lowest-income people in the room — those with a family income of $30,000 or less — pay nothing and eat for free.

The Earned Income Credit, actually allows 30 lowest-income people get paid to eat, thanks to the rest of the people in the room.

Social Security, contrary to Mainstream Media reports, is a “progressive” setup too. In its case, the more you make, the less you get in retirement benefits compared to what you earned while you were working.

And the new Democrats in Congress want to make income taxes and social security even more progressive.

“According to China Daily, Jin Rong-can, a professor at the International Relations Institute of the People’s University of China, pointed out that although the House’s influence on diplomatic policies is actually limited, Sino-U.S. relations will be affected if the democratic party controls the house following the midterm election.”

“‘This old woman is quite prejudiced toward China. Therefore, (she) may bring some dissonance to Sino-U.S. relations,’ (professor) Jin said.”

“Zhang Guoqing, associate investigator at the American Institute of National Academy of Social Science, concurs: ‘The Democratic Party cares more about domestic issues. It will protect the mid- and small U.S. enterprises and American labor’s interests, and thus will have some impact on trade relations between China and the United States.”