How ironic can it be that the nation that came to be founded because of a “disagreement” over taxation – “taxation without representation is tyranny!” – keeps facing prospects of higher taxes, with or without representation? Pretty doggone ironic, if you ask me.
Yet, the persistent and consistent solution to every economic challenge both real and perceived by liberals and Democrats is to… ta da!... raise taxes. The Sen. Barack H. Obama, the presumptive next president of the United States, has already promised to raise taxes. It is, unfortunately, the campaign promise he is likeliest to keep. In addition to federal income taxes, expect also additional fees of one kind or another for universal health insurance and care, cap and trade carbon credit schemes, mortgage failure bailouts, and who knows how many other half-baked schemes.
But wait! Why wait for the Sen. Barack H. Obama to assume the office of our presidency? In another swift move to bring relief to citizens beleagured by fast rising gasoline prices, our Democrat-majority Congress proposes… surprise!... increased fuel taxes. Yes, to a liberal Democrat, there is no economic challenge that cannot be fixed by a tax hike.
Funny thing, though. Not one of them has ever gotten around to answering the question asked in the last presidential election to the Democrat nominee: “What nation has ever taxed its way to prosperity?”
(During resource searches, I found this interesting article, “Taxes separate ‘rich,’ ‘poor’ states.”)
Yet, the persistent and consistent solution to every economic challenge both real and perceived by liberals and Democrats is to… ta da!... raise taxes. The Sen. Barack H. Obama, the presumptive next president of the United States, has already promised to raise taxes. It is, unfortunately, the campaign promise he is likeliest to keep. In addition to federal income taxes, expect also additional fees of one kind or another for universal health insurance and care, cap and trade carbon credit schemes, mortgage failure bailouts, and who knows how many other half-baked schemes.
But wait! Why wait for the Sen. Barack H. Obama to assume the office of our presidency? In another swift move to bring relief to citizens beleagured by fast rising gasoline prices, our Democrat-majority Congress proposes… surprise!... increased fuel taxes. Yes, to a liberal Democrat, there is no economic challenge that cannot be fixed by a tax hike.
Funny thing, though. Not one of them has ever gotten around to answering the question asked in the last presidential election to the Democrat nominee: “What nation has ever taxed its way to prosperity?”
(During resource searches, I found this interesting article, “Taxes separate ‘rich,’ ‘poor’ states.”)
2 comments:
Don't forget that Obama's $845 billion bailout bill for Africa is due to be voted on before the August recess. Only $2,500 per person (in the US) that won't be here at home helping the Obama's children! Start saving now, because the taxman cometh sooner than you think.
Great link at the end. I especially like this quote (being in California):
Government really has to interfere with the market to make the sunny beaches of California unattractive for people and businesses to locate there – but a majority of the current crop of lawmakers in Sacramento seems to be up to the task.
Hittin' the nail on the head, Skyepuppy, hittin' the nail on the head.
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