President Obama? If So We’re SCREWED!

October 17, 2008 Barack Hussein Obama, Barack Hussein Obama Lies, Communism, Election 2008, Libtards on Parade, Lunatic Lefties, MSM Ignorance, News, Opinion, Presidential Candidates, Presidential Politics, Stupidity, The Economy, socialism View Comments

In recent days the man with the middle name Hussein has shown his true socialist colors when he told Joe the Plumber (as he’s being called) that the aim of his tax plan was to spread out the wealth so that everyone could become successful. This is the most honest assessment of liberal tax policy that has ever been expressed by any liberal in the history of this great nation. That said however, that does not men that we aren’t all in trouble should he be in a position to implement his tax policy.

The problem with income re-distribution through the already over-burdensome tax system is that it discourages production. Those who employ others also have control over their incomes. If someone is on the verge of being affected by the Obama tax increases they could simply halt all activities that would put them in the higher tax bracket. Or worse, those who cannot escape paying the higher rate will limit the tax liability by being less productive. This friends is what is known as economic mobility.

Economic mobility is THE only pathway to true freedom. Those who are eager enough to achieve economic mobility have the power to employ others to produce the products they need to make more capital. When government decides to interfere with the private sector by implementing higher tax rates on those who create wealth and jobs, that wealth is stymied and jobs are eliminated. After-all, why should I earn a dollar if Barry is going to take 39 cents of it and give it to someone who has no, that’s zero, tax liability?

In order for the maximum amount of people to achieve economic mobility in this country, and by definition independent of the government redistribution and other services, conditions have to exist for the businesses that employ them to succeed. Higher tax rates on the profits that make it possible to expand business and employ more people retard the ability for those individuals who run these businesses to expand business. This means jobs are not created and in most cases jobs are eliminated.

If the people of this nation believe that the economy is bad now, imagine what it would be like once the liberals in Congress combined with the ultimate liberal in the White House pass an aggressive tax increase that will eliminate more jobs in this nation. Fewer people working means fewer people paying the higher tax rates that Obama is seeking. Fewer people paying the taxes means more people receiving the re-distribution. More people on the government dole means an increased size of government. What would happen once economic conditions create a situation where no one is paying the taxes Obama wants? How would the government function then? How would Barry help those on the bottom end of the income scale succeed when everyone is jobless?

High tax rates strip the economic power of every nation. This is what Dr. Arthur Laffer popularized in the US with his famous curve. It basically states that the government would receive the same amount of revenue from the populous when the tax rate is 100% as it would if the tax rate is 0%. The theory is based on a principle that somewhere between 0% & 100% an “ideal” tax rate exists where the government would collect the maximum amount of revenue. In the past 27 years of so, it has been shown that as tax rates decrease government revenues have increased suggesting that a lower rate is more ideal than a higher rate. This is a theory that prompted President John F. Kennedy to advocate lower tax rates in 1962. Mr. Kennedy said in a speech to Economic Club of New York on Dec. 14, 1962…

”Our true choice is not between tax reduction, on the one hand, and the avoidance of large Federal deficits on the other. It is increasingly clear that, no matter what party is in power, so long as our national security needs keep rising, an economy hampered by restrictive tax rates will never produce enough revenue to balance the budget – just as it will never produce enough jobs or enough profits.

”In short, it is a paradoxical truth that tax rates are too high today and tax revenues are too low – and the soundest way to raise revenues in the long run is to cut rates now.” SOURCE

If liberal martyr John F. Kennedy could advocate lower tax rates in 1962, why then would today’s liberals advocate higher rates in 2008? Especially when our economy is perceived by so many to be at near Depression proportions? The answer to those questions my friends will elude logically thinking human beings living in the United States until the end of days.

The truth is campers that liberals are empowered by the tax code. They need dependency class people tin order to remain in power. As people begin to accumulate funding from government through tax re-distribution efforts, more people will find it increasingly difficult to continue to fund the re-distribution. These people would simply quit producing and become part of the dependency class. The something for nothing class would dominate the electorate.

An Obama Presidency with no one in Congress with a Democrat controlled Congress will ensure passage of Obama’s tax plan and usher in North Korean style poverty among the electorate.

So eat up now pilgrims because if he prevails on November 4th, come January 20th live in the USA will more resemble life in the Soviet Union in decades past.

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