Obama Admits Raising Taxes Hurts Economy But Does It Anyway “…out of fairness.”

 

This guy is killin’ me.

If you could see me watching this video for this post, you would see me with my elbows on my desk, my face buried in my hands hearing groans of disbelief.

During this debate, the commentator points out that the last two times the capital gains tax was reduced, tax revenue going to the government increased and the one time it was raised, tax revenue decreased. The idea is that when you reduce taxes, people and businesses have more money to create jobs and invest which actually creates more income that is subject to tax thereby increasing total taxes going to the government. It’s a win for the government and a win for us and our 401(k)’s.

Obama responds to these facts by admitting that although that is true, he is going to raise the capital gains tax anyway just ’cause it’s fair.

So, forget the trillions of dollars of debt we are in, or that reducing taxes actually increases tax revenues…let’s just tax the hell out of anyone investing in the stock market (including your 401(k)) because we hate people who have any money left over to  invest and it’s just fair to make ’em pay more – no matter how much that hurts the country, the economy or you and me.

This guy is a serious piece of work.



Categories: Government Failures, Healthcare Reform, Socialism

Tags: , , , , , ,

2 replies

Trackbacks

  1. Republicans vote against Bush tax cuts... - Page 7 - US Message Board - Political Discussion Forum
  2. Tax the rich rebutal |

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Our Town Tustin

Blogging political discourse in Tustin, CA

Watchdogs of Our Freedom

WOOF! Counter-revolutionary commentary for our times.

The Grey Enigma

Help is not coming. Neither is permisson. - https://twitter.com/Grey_Enigma

Atridim News Journal

Captain Rick reports quality news of local and global importance

Desert Musings

A REALISTIC look at the world through the eyes of a sane person

Watching A Wreck

America Has Jumped the Track

99% Boston

"we shall be as a city upon a hill"

zalainacarp's Blog

A fine WordPress.com site

GIOSON.75

ÂM NHẠC LÀ SỨC SỐNG CỦA MỌI TÂM HỒN

Shop Mỹ Phẩm - Nước Hoa

Số 7, Lê Văn Thịnh,Bình Trưng Đông,Quận 2,HCM,Việt Nam.

Yes or No on Measure K?

An objective exercise in seeking the facts.

Utopia - you are standing in it!

Celebrating the flourishing of humanity through the spread of capitalism and the rule of law

Notes On Liberty

Spontaneous thoughts on a humble creed

Arlin Report

COMMENTATOR FOR ALL.......SENIOR CITIZENS INFO

Lynette Noni

Embrace The Wonder

Professional Troublemaker

 Jonathan Corbett, Civil Rights Advocate

Dan from Squirrel Hill's Blog

Just another WordPress.com weblog

A Time For Choosing

Just another WordPress.com weblog

the muttering retreat

"I went out walking.....with a bible and a gun" - Johnny Cash

%d bloggers like this: