Quote of the Day: Going Galt at Fox News

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From Bill O’Reilly, groaning under the weight of President Obama’s proposed tax on millionaires:

If you tax achievement, some of the achievers are going to pack it in. Let’s take me. My corporations employ scores of people. They depend on me to do what I do so they can make a nice salary. If Barack Obama begins taxing me more than 50 percent, which is very possible, I don’t know how much longer I’m going to do this. I like my job but there comes a point when taxation become oppressive.

Normally, I probably wouldn’t support a top marginal rate of 51%. But I have to say, this gives me pause. Maybe it would be worth it, after all. Ed Schultz promises to have some fun with this tomorrow night.

UPDATE: Oops, sorry. Ed’s doing it tonight. As in, right this second as I’m typing this.

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Thank you!

We didn't know what to expect when we told you we needed to raise $400,000 before our fiscal year closed on June 30, and we're thrilled to report that our incredible community of readers contributed some $415,000 to help us keep charging as hard as we can during this crazy year.

You just sent an incredible message: that quality journalism doesn't have to answer to advertisers, billionaires, or hedge funds; that newsrooms can eke out an existence thanks primarily to the generosity of its readers. That's so powerful. Especially during what's been called a "media extinction event" when those looking to make a profit from the news pull back, the Mother Jones community steps in.

The months and years ahead won't be easy. Far from it. But there's no one we'd rather face the big challenges with than you, our committed and passionate readers, and our team of fearless reporters who show up every day.

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