Category — Tax cut

All of the tax cut promises, starting at $250,000, are now down to $120,000 according to Gov Bill Richardson. They will have to be paid for somehow. Guess how?

About what hasn’t he lied? From the Aunt in Boston, to illicit campaign contributions (from the Aunt no less) he has evaded the truth with the help of the dying MSM.

He’ll be after your savings, IRA’s, then higher taxes on income so that those who wish not to work, the idle poor, can live like the working class.

The end result: the money and power winds up in Washington and everyone else are kulaks getting what ever the state decides one may have.

Here’s the yet to be Socially Engineered kiddies.

They’ll just have to learn he’s spreading the wealth!

Did someone slip Barack Obama some Sodium Pentothol?

“Your new tax plan is going to tax me more, isn’t it?” the plumber asked, complaining that he was being taxed “more and more for fulfilling the American dream.”

“It’s not that I want to punish your success. I just want to make sure that everybody who is behind you, that they’ve got a chance for success too,” Obama responded. “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody … I think when you spread the wealth around, it’s good for everybody.”

Unless this plumber secretly leads a Fortune 500 plumbing company, there go all of Obama’s fallacious claims about helping small businesses.

I’m somewhat heartened by the fact that somebody is actually paying attention out there.  The last Democrat to propose and push a tax cut through—although posthumously—was John F. Kennedy.  Yet with 44 years of contrary evidence, many people actually believe Obama will lower their taxes.  Talk about the dumbing down of America.

But even more important and frightening than his lies about tax cuts are his economic theories.  Obama thinks that you can make people successful by giving them stuff.  It’s the same theory that led Democrats to give people houses with no documents, no jobs, no down payments, and no hope for repayment.  How’d that work out for us?  It didn’t exactly make them successful now did it, but that’s OK because the taxpayers can bail them out.

The fact of the matter is that socialist economic systems don’t work because rewarding low achievers doesn’t encourage them.  It does exactly the opposite, and it stifles growth because the achievers have less and less incentive to create.  Combine Obama with his socialist counterparts in Congress, and we’re in deep trouble.