Can you imagine George Washington making a case for raising taxes on those who earn their income through investing monies they have already made and paid taxes on, at the corporate rate of 35% (the highest in the known world…) once, or maybe twice, or three times….
Can you imagine George Washington ignoring the reality and simply speaking of the 15% capital gains tax that applies to invested income and simply not speaking the whole, or I prefer, true story…?
No…of course you can’t; because George Washington was an honest man….and he wouldn’t have sullied his reputation with half truths, or untruths….
We have all been in meetings were one or more of the participants were more interested in the optics of what was said that the truth of what was said and who lobby for only a part of the story to be told, that part which can be ‘spun’ to make it appear as if the reality is different and better than what it is….
And what do you say when ‘spinning’ reality is suggested and recommended to you…..
I pray you still remember the advice of your parents and Grandparents….I know they would have told you to never tell a lie and when you tell the truth tell the whole truth….so….why do we allow this man, ‘The Obama’ and his minions to lie to us all the time…?
Why in God’s name then, do we allow it….?
And ya know…..the half-truths and the lies are not even about a way to solve the catastrophic economic disaster that is coming at us all….the ridiculously naked, “Buffett Rule” would raise, were it implemented and for the moment we will simply ignore the horrific consequences to the country we’re it to be implemented….would raise less than 50 Billion dollars over ten years…..while ‘The Obama’ budget seeks to borrow and spend and add almost 7 TRILLION dollars to the National Debt….
What good then, will stealing another 50 Billion dollars from investment earners, (I will note that these are the very people who invest their money and in the doing, create jobs….might we want any of those…?) do if ‘The Obama’ is allowed to borrow and spend an additional 7 TRILLION Dollars….?
Does ‘Drop in the proverbial bucket’ come to mind…?
Just for fun, let’s go over who pays the federal income taxes one more time…… not that the reality makes the slightest difference to ‘The Obama’ and his ilk….
The bottom 50% of those earning income in America, earn 13% of the collective income of the Country and pay 3 percent of American income taxes….
The top 10% earn 20 % of the collective income of the Country and pay 38% of American income taxes….
I’m not sure that such a reality seems to indicate were the disparity is….and who should be paying their ‘fair-share’ although doubtless my idea of whom would be different from the President’s….
And what conclusion can we come to fairly simply, from the President’s own words….
I’d say it would/should be that America needs a new President before there is no shining house on the hill…..
