Last updated: 4:01 am
March 3, 2009
Posted: 2:58 am
March 3, 2009
PRESIDENT Lyndon John son's administration was known for his War on Poverty. President Obama's will become notable for his War on Prosperity.
We're speaking, of course, of Obama's plans to hike income taxes on the most wealthy 2 or 3 percent of the nation. He's not just raising the top rate to 39.6 percent; he's also disallowing about one-third of top earner's deductions, whether for state and local taxes, charitable contributions or mortgage interest. This is an effective hike in their taxes by an average of about 20 percent...
No society has EVER taxed it's self into prosperity!!! As has been pointed out before, you could confiscate the entire wealth of everyone who makes over the magical 250k mark and still not come close to being able to pay for all the spending that Obama wants. It would not help anyone in any appreciable way. All it will do is kill the engine of our economy. As I keep saying, enough with the class warfare! It is accomplishing NOTHING!
Thou shalt not covet thy neighbour's house, thou shalt not covet thy neighbour's wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour's. Ex 20:17
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