Friday, September 12, 2008

Let's Cut Through the BS

Lately, I've been hearing a lot of B.S. from Barack Obama stating that he will not raise taxes on the American people. He plainly states he only plans to raise taxes on the top 5% of American wage earners. To some, that is comforting to hear. But although I'm one of the 95% who Obama says he won't tax, I've seen through his smokescreen. So let's analyze this a little bit further...

- The wealthiest 5% of Americans pay roughly 80% of the government's tax income. The rest of us pay significantly less, with many Americans paying no taxes. So how would Obama give those who don't pay taxes a tax break? Simple... he would cut them a rebate check on taxes they don't even pay. Redistribution of wealth = COMMUNISM.

- A tax increase on the top 5% would in fact affect the other 95%. If you buy stuff at Wal-Mart, Macy's, or the grocery store, if you put gasoline in your car, pay utility bills or just plain "consume" in the American economy, those tax hikes on those "big, bad corporations" WILL be passed onto you, the consumer.

-Obama supports a tax on profit from all home sales. If you sell your home and make a profit, you would pay 28% of your gain in taxes.

- Obama supports increasing the capital gains tax. America already has the highest capital gains tax rate of any industrialized nation. Increasing capital gains taxes would result in more and more companies outsourcing and moving overseas where they see increased profit resulting from lower taxes. More companies moving overseas means FEWER jobs here at home.

- Obama wishes to restore the inheritance tax that President Bush repealed. Families have lost small businesses, farms, ranches and homes that have been in their families for generations because they couldn't afford the taxes. Inheritance taxes are indeed a double tax. The government has already collected taxes on a family farm or business and then Obama would want to further tax said property when YOU inherit it. That's just flat wrong!

These are the fact folks. Fact that I'm sure my readers already know. What kills me is the thousands and thousands of voters out there who continue to drink the Obama-flavored Kool-Aid and fall for his snake-oil lies and half-truths. Raising taxes on anyone during a shaky economy is a BAD move. Raising taxes on anyone for being successful is wrong. What Barack Obama is really talking about is redistribution of wealth. And that is a principle of communism, NOT capitalism.

-- Skyboss

No comments: