Call Me Stormy

Finding righteous currents in turbulent times

Obama’s Class Warfare

President Obama justifies increasing taxes for the rich on the grounds of fairness. Yet the United States already collects a higher percentage of tax revenue from the rich than any other industrialized nation in the world. This mini-documentary from the Center for Freedom and Prosperity Foundation explains why Obama’s policies of demonizing and persecuting investors and entrepreneurs only serve to cripple economic growth.

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One thought on “Obama’s Class Warfare

  1. Obama certainly shouldn’t be using the word “fairness”. He should simply say we cut taxes too much and now some of that needs to be reversed.

    And we’ve been cutting taxes since 1997, yet here we are. So much for the miracle of tax cuts!

    The only long term effect of tax cuts appears to be increased income inequality – which actually leads to lower economic growth in the long run.

    http://econopolitics.com/2012/10/26/do-tax-cuts-hurt-growth/

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