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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President Obama is ready to sign a series of pacts that will impose new global taxes on all Americans, under revenue-sharing mandates from the United Nations. That’s the warning from Dick Morris, who outlines the dangers in his new book Here Come the Black Helicopters! Morris says to keep an eye on Obama and his Democratic Senate in the lameduck session following the Nov. 6 election, and adds that the problem will only get worse if Obama is re-elected to a second term.
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Stephen Moore, economist with the Wall Street Journal, advocates adoption of a flat, 19 percent tax rate, saying “if you do that, you’re injecting rocket fuel into the economy.” But at the minimum, Moore says, Congress needs to overhaul our nation’s tax code, calling it too broken to fix in a piecemeal fashion. Moore also offers his assessment of the 2012 election, and predicts it will be a squeaker, decided by a percent or two either way. Watch his interview with Nick Gillespie from Reason.TV.
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A compendium of the Obama Administration’s failures, half-truths and blatant lies. Through his own words, this short documentary looks at Obama’s record with regards to transparency, healthcare, taxes, fairness, energy and the national debt. H/T Patterico’s Pontifications
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Why have Progressives in the Democratic Party sought to aggravate class warfare and fuel the flames of envy, the sixth of the Seven Deadly Sins? Bill Whittle ponders that question in this latest edition of Firewall and specifically addresses how envy feeds the shrill rhetoric of the Democrats in regards to our tax code. Despite the rhetoric, he notes that the upper 1 percent of wage earners pays 36 percent of all federal taxes, while nearly half of the public pays nothing.
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