Spread the word!
Posted on 10/25/2008 10:31:02 AM PDT by Ernest_at_the_Beach
It all sounds so good…. 95% of Americans getting tax cuts. Tho even the most shallow of thinkers have to wonder how this can be when the non-partisan Tax Policy Center notes that 38% of Americans have no tax debt at all.
But let’s leave the most simple of mathematical errors behind. After all, it’s the “intent” that matters, yes? And while Obama’s perceived American utopia may be admirable in that intent, he seems a bit old to still indulge in such fantasy.
And the numbers indicate Obama’s promises are fantasy indeed. The headline that says it all, bringing reality home, is Alan Reynolds opinion piece in the WSJ today… How’s Obama Going to Raise $4.3 Trillion?
gasp…. and we thought the bail out was bad??
You see, it’s not just about Obama’s “95% of American’s getting tax cuts”. He’s got other spending plans for the nation. And they aren’t going to come for the price of a flashed, charismatic smile, or a set of rented Greek columns.
The new president, whoever he is, will start out facing a budget deficit of at least $1 trillion, possibly much more. Sen. Obama has nonetheless promised to devote another $1.32 trillion over the next 10 years to several new or expanded refundable tax credits and a special exemption for seniors, according to the Urban Institute and Brookings Institution’s Tax Policy Center (TPC). He calls this a “middle-class tax cut,” while suggesting the middle class includes 95% of those who work.
[Mata Musing: so *that's* how he gets from here to there on the 95%]
Mr. Obama’s proposed income-based health-insurance subsidies, tax credits for tiny businesses, and expanded Medicaid eligibility would cost another $1.63 trillion, according to the TPC.
(Excerpt) Read more at floppingaces.net ...
“How’s Bush Going to Raise $7 Trillion?”
Oh, he did.
What happens when the 5% who pay all the taxes pick up their toys and go home?
Gulags.
Obama Calls Capitalism an “Outdated Ideology”
It's suppose to be Satire...but I don't think so.
In Alaska I’m sure.
Renamed New Siberia.
Easy to see ahead to what Obama is talking about..
When the government OWNS everything.. (communism)..
THEN you are not taxed at all.. the government merely allows YOU to have a small bit of the governments money.. Since the the government OWNS all money, all assets , the government even OWNS YOU.... You are NOT taxed but are taken care of by the government.. TAXES cease to exist because all assets are wards of the State.. as assets..
YOU are merely an asset.. -OR- liability... money is just fuel..
Liabilitys are liquidated.. (probably as organ donors)
Chattel.
There is no way Obama can distort an ideology, or impose “socialism” or corporate fascism, more than George W. Bush has.
Bush is the man.
Wait till the 401k accounts are seized.
What he might be considering is taking a page out of the Canadian tax booklet under the name of GST. This is a federal general sales tax on all goods and services. 2-3% could possibly fund all of his proposals. Get ready.
"How’s Obama Going to Raise $4.3 Trillion?"Silly boys, that's easy. He'll put a printing press in the WH basement. Problem solved.
Next question...?
/s
Don’t even point your noses this way ;-))))))
Since Marxists are historically intent upon decimating the Middle Class, I would guess that it would be targeted for immense tax increases.
He is going to grow it from the bottom up!!!! He said that yesterday about growing the economy as he stood by his "SPREAD THE WEALTH" freudian slip. He is going to make "Trickle up poverty" work for everyone.
Oh really??? So 38% of Americans don't pay Social Security, Medicare, Medicaid, sales tax, fuel taxes, tariffs, gas guzzler taxes, travel and hotel taxes, sin taxes (beer, cigarettes, etc.), hunting/fishing taxes, excise taxes on peanut butter............ ad nauseum. I love how "paying taxes" has been parsed down to just what one pays in federal and state taxes, yet all is forgotten when it comes to the 1,000 ways that we are all taxed to the gills with "hidden" taxes.
Now I'm not advocating socialism, but let's have an honest assessment as to the contribution of every American and not discount or totally negate all of the money that flows in from these stealth taxes. Just my $.02, that's without the sales tax though.
I think that figure is regarding Income taxes.....
ping
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