China has no capital-gains tax.
It only has a 15-to-20 percent corporate tax.
The U.S., on the other hand, is raising its cap-gains tax rate to 20 percent. It’s also increasing its top personal tax rates.
In fact, the scheduled income-tax hike, plus the much-discussed health-care surtax, will balloon the top U.S. tax rate all the way to 51 percent.
Compare that to the OECD average of only 42 percent.
When those tax-hikes kick in, the top U.S. tax rate will rank above that of France, Germany, and Italy.
That can’t be good.
Incidentally, our 40 percent corporate tax rate is already almost 15 percentage points higher than the corporate rates in most of Europe.
[OBAMA'S] enormous expansion of the government’s spending share of GDP to over 40 percent — including Bailout Nation, TARP, and government takeovers in numerous industries — is eerily reminiscent of Old Europe’s old policies.
In a twist of irony, Europe seems to be moving toward a lower-tax-and-spend-and-regulate, Ronald Reagan–type approach, while we in the U.S. are regressing to the failed socialist model of Old Europe.
This makes no sense.
Here’s the clincher: Year-to-date, Dow Jones stocks are off 7 percent, while China stocks are up 71 percent. The world index is up 4 percent. Emerging markets are up 25 percent.
They’re all beating us.
None of this is good.
We’re going the wrong way.
That’s why stock markets are not voting for the United States anymore.
WE MUST STOP OBAMA OR OUR ECONOMY IS GOING TO COLLAPSE.
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