President Obama before addressing a crowd
President Obama stated in his weekly address today that his re-election proves that Americans want taxes raised on the wealthy combined with spending cuts to reduce the deficit. Obama stated the we can't cut our way to prosperity. He claimed if we're serious about the deficit we have to combine spending cuts with revenue. Revenue is a buzz word for raising taxes. One thing I"ll assure you: Taxes will be raised. It won't just be on the wealthy that have incomes of $250,000 or above. Everyone will be impacted negatively with raised taxes, including the poor. However, that's his goal. He is a believer in the redistribution of wealth. That's what will take place in his second term. He's a Marxist in his thinking and we're seeing America being transformed into a Marxist country. He's already taken charge of the mortgage and auto industry. He tries to dictate what our economy should produce and sell, such as so-called "clean energy" with solar energy, for example. I'm all for exploring alternative methods of energy, but it's not the place of the federal government to dictate what should be sold in marketplace.
President Obama's re-election Tuesday evening is no affirmation that Americans want taxes raised on the wealthy. Even if it were true, that still is wrong. Nobody has a right to take from the wealthy because they are wealthy. Those that earned their wealth honestly deserve to keep their wealth. They shouldn't be penalized and have to pay a progressive tax rate because they are wealthy. I have an idea for the president. (which I know he won't listen to). We should abolish the current tax code and institute a flat tax where everybody that works a job should pay a certain percentage in taxes. Those that earn more will pay more in real dollars, but at least they're not being punished because they earn more money. That's just right. I know there are wealthy crooks in America. But that doesn't justify punishing an entire class of wealthy people simply because they make more money. Those that made their money dishonestly should be punished individually for it. It shouldn't affect those that haven't cheated when it comes to earning money.
I said this last year and I'll say it again: President Obama and his Democratic cohorts should pay 40% extra above what they already pay in taxes. Since they're such stern believers that the wealthy should pay more in taxes, then they need to lead the way. It's rank hypocrisy for the president and Congressional leaders such as Harry Reid and Nancy Pelosi, to name a few, to suggest the wealthy should pay more in taxes without paying more themselves. I'm very perturbed over the very pathetic state of affairs in Washington, D.C. today.
To read the full article, click on the above link from The Blaze.
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