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Who Will Guarantee ObamaCare Rights When the Duty-Bound Refuse?
The American Thinker ^ | April 3, 2010 | Geoffrey P. Hunt

Posted on 04/03/2010 1:26:48 AM PDT by givemELL

"The top 10% of all earners pay over two-thirds of the income tax burden. The top 25% pay 85% of the freight. Larry Kudlow says that the top 1% of earners account for 80% of capital gains and over 60% of interest and dividends. And Obama would like to increase taxes on those earnings, along with the higher Medicare taxes from ObamaCare on top of the Bush tax cuts expiring."

"Washington is doing everything in their manpower, capability, to destroy U.S. manufacturing, ... Cap and trade, medical reform, labor rules."

"So when the duty-bound run out of money, what happens to ObamaCare? Will the duty-bound gradually fail to show up and, like David Farr of Emerson Electric, pull up stakes and go elsewhere? Or will they simply refuse to part with the remainder of their dwindling savings, investments, and capital needed to finance the bottomless pit of entitlements?"

(Excerpt) Read more at americanthinker.com ...


TOPICS: Business/Economy; Government; News/Current Events
KEYWORDS: dutybound; guarantee; obamacare; rights
Ayn Rand already dealt with this in Atlas Shrugged and Anthem

Both books along with the Fountainhead are enjoying a timely resurgence.

The short piece is worth reading in its entirety.

1 posted on 04/03/2010 1:26:48 AM PDT by givemELL
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To: givemELL

The people will be taxed for the poor until they are put in the poor house.


2 posted on 04/03/2010 1:49:42 AM PDT by Blind Eye Jones
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To: Blind Eye Jones

“The people will be taxed for the poor until they are put in the poor house.”

Then we will be a third world hell hole like Zimbabwe, Mexico, Somalia, or Detroit. We will be able to celebrate our equality and diversity while we live in burned out hulks of houses and scratch for food. The elites will live in walled, armed compounds and continue to be clueless about what is going on in the real world.


3 posted on 04/03/2010 2:58:33 AM PDT by Soul of the South (When times are tough the tough get going.)
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To: givemELL
As Thatcher said -- the problem with socialism is that sooner or later you run out of other people's money.

The 0 administration's answer will be to simply print more money. Pretty much a third-world answer, which is to be expected from the JV team running the show.

4 posted on 04/03/2010 3:13:15 AM PDT by Quiller (When you're fighting to survive, there is no "try" -- there is only do, or do not.)
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To: Quiller

“the JV team running the show.”

You give them too much credit. The freshman team (or perhaps walk-on wannabes) is now running the show.


5 posted on 04/03/2010 4:33:53 AM PDT by DrC
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To: givemELL

WHEN DID WE VOTE FOR

COMMUNISM?


6 posted on 04/03/2010 4:46:07 AM PDT by Travis McGee (---www.EnemiesForeignAndDomestic.com---)
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To: givemELL

Please see my tag.


7 posted on 04/03/2010 5:02:17 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Travis McGee

A right that has to be paid for by others is slavery.


8 posted on 04/03/2010 9:03:24 AM PDT by aimhigh
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