Monday, March 09, 2009
"Tax the rich" will kill jobs not rich people!
The Obama "turn to the left" continues to worry investors and scare Dems who will have to carry his water in 2010.
It's only a matter of time before the "yes we can" screamers realize that they voted for change and killed their dad's small business!
Jonah Goldberg is editor-at-large of National Review Online. Today, he posted this:
"Obama brags — albeit dishonestly — that he’s only raising taxes on rich people.
Ninety-five percent of the American people will get a tax cut, the president insists."
Later Goldberg adds this:
"Our income-tax system is already extremely progressive, and it provides roughly half of all government revenue (add corporate income taxes, and it covers nearly three-fifths of all government revenue).
The top five percent of earners pay more than 60 percent of income taxes.
The top ten percent of earners pay more than 70 percent.
And the top half of earners pay just shy of 100 percent of income taxes.
Estate and gift taxes are even more progressive."
Obama needs to stop the "class warfare" games. This is the US not Kenya! We also advise him to compare the economies of Texas and California! I hope that he watches this video: