“A government big enough to give you everything you want, is big enough to take away everything you have.” – Thomas Jefferson
Is anyone else scratching their heads regarding Obama’s latest quest? Hey, let’s pass the biggest spending bill in history–like, in the history of the world–and now let’s promise to cut it back in half by doing what history has shown NEVER WORKS. Let’s raise taxes. On the rich. Except, “rich” in this case probably means “you.” Let’s see class, what is the number one rule for recessions? Never raise taxes during one. Aw, screw “history” and “facts.” Who needs ’em?
Yes, I’ll admit it. I’m confused. If Obama’s so concerned about the deficit all of the sudden, shouldn’t he be more concerned with reducing spending? (The short answer is, of course, yes.)
Up goes the marginal tax rate, up goes the capital gains tax. Down goes the stock market. Again.
But, let’s forget all of that for a moment, if you please. I humbly propose that Obama realizes one thing: The population of Americans that have caught hopenchange fever really haven’t a clue what the hell raising capital gains tax even means in the first place. Really. Sadly, there’s a whole population of people out there who care more about feeling good about themselves and the government than in reducing the deficit. They have sadly been duped by the class warfare rhetoric upon which Democrats (and Obama, especially) depend. It sounds so “good” and “right” to say “soak the rich!” But people fail to understand the fact that it is the owners of businesses who employ other people. And if they have to spend a sizable portion of their profits in taxes, the incentive to employ more diminishes. That’s why people get laid off. Whether you want to hear it or not, the rich pay the majority of taxes in the first place. And, contrary to what Obama wants us to believe, those who are going to bear the brunt of this–Obama’s “rich”—are going to be hard-working small business owners.
In Obama’s America, the American dream is only allowable up to a certain point. That’s ludicrous.
But it goes even further than that: There are a whole lot of people who fail to understand that the more government grows, the less freedom we have.
Obama is a smart man. I happen to believe that he’s smart enough to look at history and see what has worked and what has not. So, it leads me to one conclusion: These actions are deliberate. Calculated. And it’s all about power. And that should be really troubling to a whole lot of people who love this country because of what has made it great: Freedom. And the possibilities to achieve and better one’s self. The great fallacy of socialism is that it somehow equates “fairness” with “justice.” It seeks to level the playing field to the lowest common denominator. And it erodes the freedoms of the individual. It punishes achievement and cripples incentives. It invites stagnation and defeat.
In Obama’s eyes, none of those things matter as long as you’re in a position of power. And the scariest thing about all of this is that I truly believe that the man holds a grudge. He gives me the creeps. (Is that treasonous nowadays?)
Here is how conservative columnist Andrea Tantaros puts it:
Raising the taxes on those who already pay the most and businesses who create jobs is the worst prescription for what ails us.
Our fragile economy is very sensitive to marginal tax rates. By hiking them, we’re almost guaranteed mania in the markets. — For some reason they don’t react well when they hear that money will be taken away from them. Who does??
Until we see what Treasury Secretary Geithner has planned to address the real root of our woes, we will continue to sit and watch Obama rearrange the deck chairs on the Titanic. The president’s latest plan won’t just be taxing for businesses and anyone making money, it will likely take another toll on our markets. Last week Wall Street gave Democrats an “F.” Be prepared for another failing grade.