Odumbo is trying to rule the US like the Mafia does Chicago.
it will past it buy a very large number......our children face 30 years of debt...does anyone think ANY RETURN OF BAILOUT MONEY IS GOING TO BE USED TO PAY DOWN THIS DEBT?
Thanks for your analysis of this important topic. You are presenting the “best-case scenario” for how much revenue tax rate increases will generate, assuming that pre-tax income will stay constant. Of course, people will respond to drastically higher tax rates by working less and finding ways to shift ordinary income to other types of income, so the extra revenue will be less than a static analysis would predict — the Laffer Curve.
Wait until inflation kicks in.
if taxes went up to carter levels, that would be a surprise - they will go up to slavery levels for our children.
not only will our children have to pay higher taxes, but the companies that might have hired them will not be able to afrford to, because THEY’RE paying even higher taxes.
so those who would come after us must pay higher taxes with less opportunities and lower wages for whatever scraps of jobs they can land.
The TEA parties are a solid start (there were about 5,000 in Olympia, WA, where the wife and I were). But we, the people, have to follow up by having “Push Back Until” events later this year, early next year, and for as long as we have to: http://pushbackuntil.com.
It will not be easy, but how interested are we in saving our country from an irresponsible Congress? If we, the people, do nothing, our country is finished.
“Be in D.C. to Push Back Until!”