WE TOLD YOU SO:
NYTimes: Obama Budget Taxes Richest to Help Pay for Health Care
WASHINGTON — President Obama will propose further tax increases on the affluent to help pay for his promise to make health care more accessible and affordable, administration officials said on Wednesday.
That plan, coming after recent years in which more wealth became concentrated at the top of the income scale, introduces a politically volatile new edge to the emerging Congressional debate over the new president’s top domestic priorities.
Mr. Obama will also propose in the budget outline he releases on Thursday to use revenues from the centerpiece of his environmental policy — a plan under which companies will have to purchase permits to exceed pollution emission caps — to pay for an extension of a two-year tax credit that benefits low and middle-income people.
The combined effect of the two proposals, on top of Mr. Obama’s existing plan to roll back the Bush-era income tax reductions on upper-income households, would be a pronounced move to redistribute wealth and reimpose a substantially larger share of the tax burden on the most affluent taxpayers.
REPEAT:The combined effect of the two proposals, on top of Mr. Obama’s existing plan to roll back the Bush-era income tax reductions on upper-income households, would be a pronounced move to redistribute wealth and reimpose a substantially larger share of the tax burden on the most affluent taxpayers.
REPEAT:
The combined effect of the two proposals, on top of Mr. Obama’s existing plan to roll back the Bush-era income tax reductions on upper-income households, would be a pronounced move to redistribute wealth and reimpose a substantially larger share of the tax burden on the most affluent taxpayers.
REPEAT: "a pronounced move to redistribute wealth"
REPEAT: "a pronounced move to redistribute wealth"
REPEAT: "a pronounced move to redistribute wealth"
AND THAT'S THE FREAKIN VERDICT OF THE NTYIMES FA CRYIN OUT TEARS!
THIS IS SOCIALISM.
JUST LIKE JOE THE PLUMBER SAID.
- THIS WILL BE JUST AS BAD AN ECONOMIC AND HUMANITARIAN DISASTER HERE AS IT HAS BEEN IN NORTH KOREA, CUBA, THE USSR, RED CHINA, AND ZIMBABWE.
- SOCIALISM JUST DOESN'T DELIVER THE GOODS. IT NEVER HAS; IT NEVER WILL.
- SOCIALISM IS THE ROAD TO SERFDOM.
- AND OBAMA JUST PUT THE PEDDLE TO THE METAL.
- SICKENING.
WE MUST REVOLT.
DISSENT ACCORDINGLY.
*******UPDATE: A PREDICTION: THE MARKETS CRASH TOMORROW.
6 comments:
Oh yeah, right... revolt to save a bunch of greedy rich people from taxes... LOL!!!!!!!!!
Nice artice, well written!
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THIS WILL BE JUST AS BAD AN ECONOMIC AND HUMANITARIAN DISASTER HERE AS IT HAS BEEN IN NORTH KOREA, CUBA, THE USSR, RED CHINA, AND ZIMBABWE.
It could also be as good as Germany, France, Japan or Sweden.
Like it or not, It's the "greedy rich people" that employ the people in this country. And do you honestly believe that the now 2+ trillion dollars being spent will not trickle down and effect us all. Think again!
We can impose a heavy progressive income tax on those making over $250K per year (AKA the 'evil rich'), and then we can sit back and watch the heavy regressive unemployment as those who currently employ the majority of us take their money and invest it in other countries' economies. Besides, he who robs Peter to pay Paul can always count on the support of Paul.
Here's another thought to ponder: Why don't we have a goverment program that promotes the manufacturing of goods and the provision of services that rich people will spend all their money on. Dirty trick? Yes, but it just might work.
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