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 ...
Both books along with the Fountainhead are enjoying a timely resurgence.
The short piece is worth reading in its entirety.
The people will be taxed for the poor until they are put in the poor house.
“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.
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.
“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.
Please see my tag.
A right that has to be paid for by others is slavery.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.