A man who knows and concerns himself with his own interests is regarded as a man of practical wisdom, while men whose concern is politics are looked upon as busybodies.
A: Ever since the democrats–most notably under FDR
–have used the wealthy minority as red meat for their socialist policies.
There is no reason to dance around the issue. Confiscating money from those who earn it to spend it on whatever a few people in power deem appropriate is definitely not the trait of a free and democratic society. Remember that our founders did not include a direct tax (income tax
) in the constitutional power of government because doing so would create the ideal opportunity for the many–the poor(er)–to tyrannize the few–the rich(er).
Why does our government require ever-exponentially-increasing-historically-unprecedented levels of cash? Because our politicians–and especially the left-leaning ones–are convinced they know better than you how to spend your money. They know this because most of them have never accomplished anything other than being elected to office. Where, here again, they spent other people’s money to do so.
So while the national busybodies are wrangling over how much of our money we get to keep in the coming years; while they ignore the fact that they just implemented one of the most profligate spending sprees in American
history and unemployment, instead of declining as promised, has relentlessly increased as economic growth has sputtered. While they ignore these pesky facts they are once more arguing for yet higher taxes
slamming the rich in an attempt to somehow claim the moral high ground.
Let us not be deceived. Before Congress and the President do anything the following tax increases are set to kick in according to an editorial in today’s Wall Street Journal
- Starting in 2013, the bill (ObamaCare, or as the pols named it: the Affordable Care Act) adds an additional 0.9% to the 2.9% Medicare tax for singles who earn more than $200,000 and couples making more than $250,000.
- For the first time ever, the now 3.8% Medicare tax will also be applied to investment income, including dividends, interest income and capital gains. That doesn’t just hit the rich, this implementation of the Medicare tax goes after every American with any assets at all.
- Also in 2013, a 2.3% excise tax will be imposed on medical device makers. Which means medical devices will become 2.3% more expensive for everyone. Not just the rich. And if you want a real laugh take a look at what constitutes a medical device to these infernal busybodies. They have no shame. They want to tax your toothbrush and feminine care products included in their taxing scheme.
These taxes just scratch the surface of the scheduled taxes increases to fund the “Affordable” Care Act. The WSJ summarizes the affects ofObamaCare taxes and the current wrangling in Washington:
“There are numerous other new taxes in the bill, all adding up to some $438 billion in new revenue over 10 years. But even that is understated because by 2019 the annual revenue increase is nearly $90 billion, or $900 billion in the 10 years after that. Yet Mr. Obama wants to add another $1 trillion in new taxes on top of this.”
Voters overwhelmingly repudiated this kind of Gladys Kravitz
peer-through-the curtains invasion into our lives in the fall. Let us hope the freshman Congressional class will have the courage to stand their ground against the nosy ruling class in Washington.