Free Republic

It was supposed to be the end of the world as we know it It was supposed to be the end of the world as we know it It was supposed to be the end of the world as we know it But I fine fineOn Sunday Barack Obama suggested that the world might end on Monday if Republicans did not fall to their knees before him: Obama warns of US market crash on MondayUS President Barack Obama has raised the spectre of a market crash on Monday if the political battle to raise America's $14.3 trillion (pounds 8.8...

Democrats have said they only intend to restore the tax rates that existed during the Clinton years. In reality they're proposing rates like those under President Carter. Media reports in recent weeks say that Senate Democrats are considering a 3% surtax on income over $1 million to raise federal revenues. This would come on top of the higher income tax rates that President Obama has already proposed through the cancellation of the Bush era tax-rate reductions. If the Democrats' millionaire surtax were to happen—and were added to other tax increases already enacted last year and other leading tax hike ideas...

The other day, in response to a hedge fund manager who asked him when he would stop whacking Wall Street like a piñata, President Obama said, "If you are making $1 billion a year after a very bad financial crisis where 8 million people lost their jobs and small businesses can't get loans, then I think that you shouldn't be feeling put upon." The same day, the New York Times published a column by Nobel laureate economist Paul Krugman under the headline "The Angry Rich and Taxes," referring to what Krugman called "belligerent sense of entitlement" among "high-income Americans, the...

Is the government making plans to confiscate your retirement money? The Obama administration is certainly exploring the idea. This question no longer seems far-fetched when the group-thinkers in Washington unabashedly promote a doctrine of wealth redistribution and central planning. These Keynesian socialists know they will need vast new sources of revenues to fund their relentless spending binges to "transform" this nation. A logical next step would be to legitimize the confiscation of private retirement assets; an idea that was contemplated in the recent past by the Clinton administration. According to the Investment Company Institute, there was $7.835 trillion in IRA,...