Posted on 11/09/2012 3:39:31 PM PST by Steelfish
Obama To Wealthy Americans: Read My Lips, I WILL Raise Your Taxes! By TOBY HARNDEN 9 November 2012
President Barack Obama has thrown down to gauntlet to Republican leaders, inviting them to the White House next week to discuss the so-called fiscal cliff but insisting any compromise will include higher taxes on the rich.
A crisis is looming at the end of the year is agreement cannot be reached on how to avoid falling over the cliff - a scheduled combination of tax increases and spending cuts due at the end of this year.
We can't just cut our way to prosperity, Obama said in an event in the East Room in the White House Friday staged with what aides described as ordinary middle-class Americans arranged behind him.
We're serious about reducing the deficit. We have to combine spending cuts with revenue, and that means asking the wealthiest Americans to pay a little more in taxes. While not using the word mandate, Obama all but insisted he had a mandate to raise taxes on the wealthy.
He flexed his political muscles, indicating he would use his enhanced power following his re-election in an electoral college landslide by strong-arming Republicans into raising taxes.
Im not going to ask students and seniors and middle class families to pay down the entire deficit, while people like me making over $250,000 arent asked to pay a dime more in taxes. Im not going to do that. And I just want to point out, this was a central question during the election. It was debated over and over again. And on Tuesday night we found out that the majority of Americans agree with my approach.
(Excerpt) Read more at dailymail.co.uk ...
Just wait until the punk POTUS decides to start confiscating IRA’s and 401K’s.
Canada is looking like the best option. We’re right next door and long-term economic prospects are good. We’ll take a hit from the US recession but resource exports to Asia should soften the blow. Businesses moving here will have the advantage of our lower corporate tax rates while Obamacare will erase the US advantage on payroll taxes.
Alberta rocks!
“I won.”
No question Alberta is the best place place to be and Saskatchewan is also very business-friendly. Ontario’s a mess right now but it looks like the Liberals’ days are numbered.
Maybe. But at this point I'm mad enough to start eating sandpaper just to make sure nobody enjoys it.
More specifically, noting that Thomas Jefferson was born with a silver spoon in his mouth, Jefferson had noted that, in his time, the federal government was financed entirely by taxes paid by the rich on imported goods.
"The rich alone use imported articles, and on these alone the whole taxes of the General Government are levied (emphasis added). Our revenues liberated by the discharge of the public debt, and its surplus applied to canals, roads, schools, etc., the farmer will see his government supported, his children educated, and the face of his country made a paradise by the contributions of the rich alone, without his being called on to spend a cent from his earnings." --Thomas Jefferson to Thaddeus Kosciusko, 1811.
In fact, noting that many of the delegates to the Constitutional Convention were wealthy, George Washington being a Bill Gates of his time, I surmise that the same rich men who drafted the Constitution, were willing to obligate not only themselves, but also their rich friends and other rich Americans to bear the entire burden of paying for the federal government that the delegates were establishing to operate.
The MAJOR exception to the historical information above is the following. As I have posted elsewhere, Justice John Marshall had officially clarified that Congress is prohibited from laying taxes in the name of state power issues. In other words, Congress can lay taxes only for issues which it can justify under Section 8 of Article I, and minor federal goverment expenses mentioned in the Constitution.
In fact, I'm disturbed that regardless that Justice Roberts referenced Gibbons v. Ogden in the Obamacare opinion, he "overlooked" that Justice John Marshall had clarified in Gibbons that, not only is healthcare a 10th Amendmen protected state power issue, but that Marshall had also clarified in general that Congress is prohibited from laying taxes in the name of state power issues.
"State inspection laws, health laws, and laws for regulating the internal commerce of a State, and those which respect turnpike roads, ferries, &c. are not within the power granted to Congress (emphasis added)." --Gibbons v. Ogden, 1824.
"Congress is not empowered to tax for those purposes which are within the exclusive province of the States." --Justice John Marshall, Gibbons v. Ogden, 1824.
So regardless that the federal government was once financed entirely from taxes that the rich paid for imported goods, the Supreme Court had also clarified that Congress is prohibited from laying taxes in the name of state power issues, issues which Congress cannot justify under Section 8 of Article I of the Constitution.
Note that the rich had a big incentive to use their influence to limit federal spending.
Finally, noting that most of the federal taxes that we are now paying are arguably illegal by Justice Marshall's clarification of Congress's limited power to lay taxes, there's no way that the rich today can uniquely bear the burden of paying for the feds to operate.
No, the problem is spending, not taxes. Why doesn’t anyone ever mention the massive waste and fraud in government programs? Nobody should pay a dime more in taxes until the government gets its house in order. Fat chance.
Obama is playing the perpetual "envy" game. He really doesn't care if more taxes are actually raised or not as a result of the tax increases... and there never is an end in this game. When this increase doesn't close the deficit, and it won't, he'll prattle on about more "shared sacrifice".
Orwell encapsulated this political belief in this horrifying quote in "1984",
"If you want a picture of the future, imagine a boot stamping on a human facefor ever."
True, but if you have the capital to start a business you’ll get fast-tracked. Also, a US citizen with professional credentials and a job offer can come in anytime.
“Sorry to anyone offended. “
I’m not actually offended, I just don’t want lurkers to start classifying FR as a racist type site.
He's talking about the government - not the Nation. It seems that when I stopped spending wastefully, even with the same amount of money coming in, my net worth began to rise...
It has nothing to do with race. It has to do with any of/all of these people coming to America and turning it into the same type of sewer they just came from. Sort of what those stinking kalifornians have done to Washington State, Oregon, Montana and Colorado.
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