Obama "Robin Hood" Of America!

Obama "Robin Hood" of America is proposing tax hikes for the rich and middle class:

At the top of that list is the expiration of the tax cuts approved during the George W. Bush administration. They're scheduled to expire at the end of 2012, and the White House estimates that letting them lapse, at least for households making more than $250,000, could pump $968 billion into the federal coffers over the next decade. 

Allowing those rates to expire, as Obama's budget proposes and as current law would allow absent intervention, would mean the following changes: 

-- For households making more than $250,000 and individuals making more than $200,000, the top income tax rate would rise from 35 percent to 39.6 percent. 

-- For those same households, the top rate on qualified dividends would rise from 15 percent to 39.6 percent. 

-- The top rate on long-term capital gains would rise from 15 percent to 20 percent. 

-- The estate tax, known disparagingly as the "death tax," would rise to 45 percent from 35 percent. 

All those tax hikes will pump $968 Billion into federal coffers over the next decade? So, they will gain 96.8B a year, when they are spending TRILLIONS? 

Well, that's going to work, or not. 

Eat the Rich, and when that is done, when you have destroyed the entrepreneurial spirit in America, who's next, as everyone will be equally poor. If someone tries to rise out of the ashes, will they be hailed as a saviour or killed for trying to rise above the masses? When all the factories are silent and cities are like Detroit, will the people be happy because everyone is equal? 

 

When "Robin Hood" has raided America, what will be left? A graveyard of factories and homes with broken windows and the promise of a better life dimmed by the struggle just to survive. When other people's money is all gone, who will the socialists turn to for their handouts, their food, their shelter? Maybe Ayn Rand's vision of the productive quitting is closer to reality than socialists, like Obama, want to admit. Doesn't this class war that Obama is starting, just to get re-elected, strike you as very similar to the politicians/socialists in the fiction "Atlas Shrugged"?

Unfortunately, this is real life, not fiction, and America needs to wake up and regain the pioneering spirit.