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A dominant theme of President Obama's budget speech last Wednesday was that our fiscal problems would vanish if only the wealthiest Americans were asked "to pay a little more." Since he's asking, imagine that instead of proposing to raise the top income tax rate well north of 40%, the President decided to go all the way to 100%.
Let's stipulate that this is a thought experiment, because Democrats don't need any more ideas. But it's still a useful experiment because it exposes the fiscal futility of raising rates on the top 2%, or even the top 5% or 10%, of taxpayers to close the deficit. The mathematical reality is that in the absence of entitlement reform on the Paul Ryan model, Washington will need to soak the middle class—because that's where the big money is.
How can there be excuses if there is only silence?
Looks like you were right. When confronted with facts they stay away. Everything we know about the anointed one's plan shows it's another failure, like Obamacare.
Obama is a failure on so many levels - it is almost unbelievable. The obamabots that support him and believe everything he says need to wake up and open their eyes! He wants to take from the very people fueling the economy right now....mid to upper middle class people and mostly small business owners.
I would suspect that his agenda would be to tax 100% on the rich. Then, when he wants more of our money to spend for his own purposes, move down to the middle class, then the poor. After that, just finish selling the country to the highest bidder as wage slave serfs.
Of xcourse because either directly or in directly all taxes are paid by the consumers.Its part of the cost of production.Its why the union faught tooth ans nial to have benefits given by companies not to be taxed as income in the healthcare debate and why they fought letting people use their compnay benefits to buy from the pools in the states if it where cheaper. They also did not want consumers to be able to shop for the insurnace across statelines to get the cheapest price from larger pooling.
Obama is a failure on so many levels - it is almost unbelievable. The obamabots that support him and believe everything he says need to wake up and open their eyes! He wants to take from the very people fueling the economy right now....mid to upper middle class people and mostly small business owners.
Don't you know now, they will never wake up, and smell the coffee. Because the obamabots famous line, It's Bush's Falult.
Most of us can see what is happening, and the rest, awwww well the rest!!!!!!
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