Saturday, March 7, 2009

The current state of the economy...

I had a liberal (I respect this guy a great deal, we just differ on our political views) on a forum tell me and I quote "Wall Street doesn't want anyone to stop them from plundering Main Street and Obama means to do just that. They know that he knows that greed is the enemy of egalitarianism and they're shitting themselves because they can't bear the thought of not being able to rape the middle class in broad daylight".

So what, we raise their taxes? Remember that these so called "rich" are just regular middle class investors too. It's bad enough that his tax increases on the rich will have a negative impact on American workers... but worst of all he'll raise them when the economy is in a recession (or attempting to get out of one). Either way Obama will be raising taxes on investors and small businesses... the very people who create jobs... i.e Wall Street.

It's quite simple. If you raise taxes on the so called greedy, you are raising taxes on the very people who create wealth and jobs. There is no limit to wealth, but if you put a limit on it (i.e. taxes and regulation) thats less jobs and less money in the economy. Nobody is greedier then the government bureaucrat. All they ever do is think about how to take money from you. That is what is greedy, not the "rich" who risk their capital to make sure you have a paycheck. Take that money from them, and they might as well be taking your job with it. I ask you this... if you raise taxes on the so called greedy, who would pay your salary? I've never received a paycheck from a poor man, have you?

Raising taxes on any wealth class in a recession is just stupid. I mean even Democrats in Congress are complaining about Obama's budget proposals. That says something.

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