Posts Tagged ‘Economy’

Follow the Bouncing Tax Ball – Obama Style

October 30, 2008

During 2008 Obama has pressed lowering taxes and sharing the wealth.  What has happened however, is that the income to not get an increase has gone from $1 million (in the Spring) down to $500,000, then down to $250,000, then $200,000 and then $150,000.

I see a trend here.  And worse, what Obama is NOT saying is that there will be other taxes – oh so many.  Forget the death taxes, the capital gains taxes and let’s just look at the taxes piled atop an increased income tax.  The income tax will go to about 40% (for what income level we can’t be sure since it keeps dipping downward) – but on top of that will be increases in social security tax and medicare tax, taking those of you at some rate about $150,000 (or lower) up to nearly 50% !!  That is ONE HALF OF EVERY DOLLAR MADE GOES TO THE GOVERNMENT to be used to pay for welfare programs and entitlements for those who don’t work.  Now I realize some of those on welfare really need it due to disability, illness etc.  No one begrudges them assistance.  But what about the billions of people who have been on the dole for decades and see no need to work? 

The loss of half of one’s income will make a huge difference in one’s ability to support their family, possible only with a major change in lifestyle.  And keep in mind that this near 50% is FEDERAL taxation and does not include sales tax, state taxes, property taxes etc.  Some people could find themselves at well over 60% taken out of their paychecks. 

If one lives in most of the East, $250,000 is hardly wealthy due to the cost of living (i.e. $4000 a month rent for a tiny apartment in Manhattan or Boston, or in the West in San Francisco or Los Angeles).  It might be a comfortable income in Iowa or Nebraska, or Mississippi, but still, 60% taxation?  Outrageous!!

With all that however, economic experts have run the numbers and have determined that it is virtually impossible to give 40% of the population (those who pay no taxes) a $500-1000 a year check, pay for all the added welfare and social programs Obama indicates he will deliver) on the backs of those uber-rich and the upper middle class. 

What does that mean?  It means that most everyone is going to see tax increases – it is a Fact of Life in an Obama world.  How many entrepreneurs are going to expand business, hire new employees and increase sales under such enormous tax penalty??  NEXT TO NONE

The choise is clear on so many levels – security, cleaning up waste in government, taxation, our economy and its growth, honesty, and an open and transparent government dedicated to Free Speech and total accountability    VERSUS  an administration of secrecy, limited powers under control of a handful of people, restrictions on free speech, increased taxes, declining productivity, increased unemployment, and serious risk and exposure to foreign attack (economic, terrorism and ideological). 

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2009 – What will YOU get for 2/3 BILLION dollars?

October 26, 2008

It is pretty simple and straight forward :

 

1)   Tax increases on everything

2)   Confiscation of all guns

3)   National health care (it will be a mess and bury us financially)

4)   Increased lobbying of Congress reaching levels of excess

5)   More pork barrel spending – aka ear-marks well hidden in every bill.

6)   “Fairness Doctrine” – heard of it?  It’s a doozy – intended to shut down talk radio (there shall be NO criticism of THE ONE) – a venue in which Conservatives are able to have a voice to counter-balance MSM.  Free speech?  ONLY if you are nice to Obamasiah.

7)   Elimination of secret ballots in the workplace – intended to swell the ranks of labor unions, increase the base for more dues, and provide a much larger and more powerful lobbying force against Congress.

8)   More new laws put on the books to further hamper and curtail freedoms and make things even more combersome and toxic

9)   Radical changes to education that will do nothing to elevate our kids’ competiveness or competence.

10)              More regulations imposed on all businesses making it harder to expand, make a profit

11)              Disdain and contempt for ordinary ‘folks’ – it is all about Ivy League, the Arts, and mysterious organizations that support “progressive” causes and the ‘inner circle’ of intelligentsia.   

12)               Out of control spending by the Trifecta of Pork  (Reid, Pelosi, Obama)

13)  The economy falling far lower and remaining there for many years.

14)  Wall Street dropping to 1700

15)  Censoring widespread

16)  Trends and events that are going to look a lot like 21st Century Marxism

17)  Increased government (bodies, agencies)

18)  Questionable people in key positions with at the least, dubious connections and background

19)  Global crisis –

20)  SAME DAY voter registration and voting – NO verification of identity, status

21)  Massive voter fraud (see Acorn become an even bigger influence in all 50 states)

22)  Sometime in a 3-year timeframe, civil war in this country as people come to terms with what is really going on

23)  Proliferation of 501C4 organizations that operate outside the law, in secret, with hidden agendas and no accountability.

24)  Increased gas prices – they have wanted  to keep prices high so Americans would reduce consumption to avoid new production.

25)  Nationalization of your 401K – yup you heard it here – they will take your  money, give you govt. bonds, pay you 3% interest, and when you retire (if you ever can) you’ll get one check for the total including the 3% interest.  Big whoop!

 

 

            

 

There is a list – for starters.  This is a minor list but it will affect everyone and likely in ways we can’t yet imagine.