I just heard President Obama say First and foremost, that means Washington shouldn’t hike taxes on working Americans right now.So he thinks that raising taxes on your boss, your clients, your corporation, and everyone who provides you and your company with income is the thing that ought to be done instead.
Note how nowhere on the table is the idea that government needs to drastically cut spending in order to prevent immediate financial meltdown. But just as the Great Society prolonged the Great Depression: this president is doubling down on the failed policies of the past (FDR's and Bush's) that make the voyage of the Titanic look like a success in comparison.
With more and more of this regulation and taxation socialism comes less and less profit, productivity, economic growth and economic freedom. Government has no business telling a private investment house how much to pay their executives. If some company wants to blow $200 million on their CEO, that's their business.
Your Fair Share
The rich are already paying way more than the average man in taxes. They are taxed far more heavily than most wage earners. This regime takes their earnings and then tells the nation that they are not paying their fair share. They are paying more than their fair share! If everyone paid their fair share, we'd have a flat tax. Everyone would take their income, and multiply by the same percentage. No tiers, no deductions, everyone paying fairly. Yes, that might be considered a tax increase on the middle class, but in any objective assessment of what we're doing now, we're basically robbing the successful, the employers, the best and brightest in our society of their power to grow a strong economy.
If you honestly want fairness, you need to think flat tax. A strong economy benefits everyone in the world from top to bottom. This punish the rich kind of class warfare might bring down the rich. But it won't help you one bit.


