If You Have an Income, Listen Very Carefully to Barack Obama
angelbaby
2012/07/10 18:18:52
In his remarks at the White House yesterday President Obama Called for extending Bush tax breaks for another year -- at least for certain taxpayers, those earning less than $250,000 per year. Apart from the continued exacerbation of class warfare in pitting "the middle class" against "the wealthy," a more deadly nuance lurked in his words.
Twice in his brief speech he pointed out that we need to enact this cutoff because "we cannot afford to spend on tax breaks for the wealthy." Those words should frighten and arouse anyone who has an income. They are not ill-chosen words; they are a look into the very political and economic heart of the current president and his regime. Allowing income earners to keep a portion of their money is considered by them to be spending by the government. In other words, all of your money is theirs to spend. They spend it on their special programs, their cronies, their allies and their adoring lapdogs. They spend some of it on the producers in order to keep the well flowing.
Government has no money to spend except what it confiscates from those whose labor and intelligence produce wealth. A tax reduction is not government spending except in the convoluted sense of socialist elitists who believe they own everything and they alone know what and in what quantity is best for the masses.
Government is necessary and valuable. Its primary functions are to restrain evil, maintain internal peace and order, and keep its citizens secure. It needs to encourage individual liberty and personal responsibility. The details of how these are accomplished are matters of legitimate debate. One thing not subject debate is what government owns. It owns nothing. ~ Gary Burk
Twice in his brief speech he pointed out that we need to enact this cutoff because "we cannot afford to spend on tax breaks for the wealthy." Those words should frighten and arouse anyone who has an income. They are not ill-chosen words; they are a look into the very political and economic heart of the current president and his regime. Allowing income earners to keep a portion of their money is considered by them to be spending by the government. In other words, all of your money is theirs to spend. They spend it on their special programs, their cronies, their allies and their adoring lapdogs. They spend some of it on the producers in order to keep the well flowing.
Government has no money to spend except what it confiscates from those whose labor and intelligence produce wealth. A tax reduction is not government spending except in the convoluted sense of socialist elitists who believe they own everything and they alone know what and in what quantity is best for the masses.
Government is necessary and valuable. Its primary functions are to restrain evil, maintain internal peace and order, and keep its citizens secure. It needs to encourage individual liberty and personal responsibility. The details of how these are accomplished are matters of legitimate debate. One thing not subject debate is what government owns. It owns nothing. ~ Gary Burk
Top Opinion
-
RED DAWN 2012/07/10 19:52:04
+7Obama knows that half the people are stupid and he thinks he only has to fool enough conservatives into believe his tax break BS it will save his ass.What good is a tax break going to do for the 49% that don't have to pay any tax.If he was to tax the rest at 100% he would only raise enough money in a year to last 8.5 days.He knows this whole tax thing is only BS and he knows the liberals are falling for it hook,line and sinker.
http://finance.yahoo.com/blog...
http://www.swifteconomics.com...
The rich have the capacity to pass the loss of revenue onto others and then middle-class and poor directly suffer from these "price corrections".
Think about it. When McDonald's has to pay more for their cheese, do you think they just eat it? No, they raise prices. A tax increase is no different than cheese costs.
On the bottom line all there is to look at is the margin. When the margin shrinks, the company corrects it by raising prices. That's about as simple as you can put it
Conspiracy? Well, it's because it's true.
{That's also why I think they should charge an expatriation tax as well.}
Obama will have to run that by Jeffery Immelt and I don't think he will like it so it won't happen.
http://www.cbsnews.com/8301-5...
White House defends embrace of G.E. CEO despite report company didn't owe taxes in 2010
Mr. Obama's choice of Immelt came under scrutiny Friday in the wake of a front-page story in the New York Times reporting that despite $14.2 billion in worldwide profits - including more than $5 billion from U.S. operations - GE did not owe taxes in 2010.
In fact, the story said, G.E. claimed a tax benefit of $3.2 billion.
There is nothing wrong or illegal about having offshore accounts.
Ask Jeffery Immelt about these things.
50% of your earnings for that conscience of yours!!
I'll support our military in a heartbeat But I'll never give in to socialism!! You're a disgrace to your country..
We spend more money on defense than all the other world powers combined (including China.) We put people away for life just for having drugs, yet our health care system doesn't even rank in the top 30. Our education isn't even in the top 20 anymore.
Sorry if you find these statistics un-American, but we're no longer the greatest nation on Earth like we were at one time. We have the highest income disparity of all the developed nations, and we're the only first world country that DOES NOT have universal health care. Our country rots from the core, yet you ignore the problem.
Oh yeah! I don't care what you think of me. I have Asperger's Syndrome which is a mild form of autism. I also grew up with a lisp because I had a gap between my two front teeth, and I kept Asperger's a secret the entire time I was in the military even when it interfered with my performance all while my superiors browbeat me day in and day out for not being perfect. There's nothing you can say to me that I haven't heard before, woman!
feelings, dude!
Died for to preserve our freedoms from tyrants.