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Obama’s Impending Tax Increases

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From the right:

It’s happened.

If you’re like me, the worst case scenario is being played out in your mind.

It’s over. With Barack Obama as President, your finances are in bigger trouble than ever before.

You see, you made the one mistake you can’t make anymore. You succeeded.

Mere months from now there’s going to be new legislation passed. Legislation taking more of your hard-earned profits, and “spreading it around”.

It’s simple to see this. You’ve paid attention to the last few months, and follow Obama’s track record. Trillions of dollars in refundable “tax credits” for people who don’t pay any taxes at all. We used to call that welfare, but because of the fairness doctrine, that not allowed.

This process won’t take long.

First, they’ll tell you that you make too much money. How much is too much? $250K? $150K? $50K? They can’t seem to make up their mind. The only thing for sure is that you’re NOT getting a tax cut.

Then, employer health care. It’s no longer your choice. Either buy it for your employees, or the government will simply take your profits by force.

Next, wind-fall profit taxes. It won’t stop at oil. Their profit margin is tiny compared many other industries. Why hold back when you’ve got the power?

Are you kidding me? Oil profits are tiny? I think you need to look up what the word tiny means because “I do not think that word means what you think it means”.

$120 billion is tiny?

Maybe if your soul is completely empty and you’re trying to fill it with money.

For most of us, that amount of money really is unimaginable. We literally cannot picture how big a pile of cash that would be. Here is $15 billion as an example (just try to imagine this multiplied nearly ten times):

Now that we have a rough idea of the amounts, lets look at those other industries and their “not tiny” profits.

I know these numbers are from 3 years ago, but how much have those margins really changed? You would think the banks and financial services profits are way down given the current situation. Which leads one to wonder how they went from huge profits 3 years ago to massive failures now. Oh wait, that’s right, no one was watching where those “profits” were coming from and how they were going to be maintained.

You cannot have these giant, faceless corporations making their own rules, with rule one being profit before everything, without there being eventual consequences. Serious consequences like the markets crashing, recessions, depressions, and mass poverty are an inevitable result of large scale greed.

Many people are suffering and dying because a few people are greedy. When are we as a species going to make greed socially and legally unacceptable?


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About Left News and Views

As a life-long progressive, I have always supported those whose goals are to promote social justice and work for political reform. I believe America should work with other nations to promote peace in the world rather than bludgeon those who would disagree.

My goal in Left News and Views is to expose abuses of our rights as citizens, spotlight hypocrisy in government, and most important in today's world, push to get us out of Iraq and bring our troops home.

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