We’re about to go off the fiscal cliff. Don’t be fooled by the disguise.
We’re just 3 weeks shy of it, give or take a couple days and, taking the chance that the Mayan calendar is wrong.
The Emperor made HIS proposal, absurd as it was, to demand twice the amount of tax hikes he campaigned on, the dictatorial authority to raise the debt ceiling without any need to seek congressional approval and put off any hint of spending cuts until an unnamed point in time that we all know will never come.
The republicans countered with their proposal that produces the same amount of revenue the Emperor campaigned on by closing loopholes and NOT raising ANYONE’S taxes and included entitlement reform that would cut spending AND sustain those entitlements for future generations.
It’s now crystal clear, as we have been saying, that the Emperor has NO interest whatsoever in adding revenues.
Obama simply wants to stick it to the so-called “rich.”
He wants to jack up their taxes.
This has nothing whatsoever to do with paying any sort of “fair share” and EVERYTHING to do with punishing success.
I’m about to explain this to socialists in a nutshell and I ain’t gonna be polite about it.
First of all, who are these “rich” people the Emperor keeps talking about? They are those whose income is above $250 thousand per year.
The vast majority of them are small business owners and a good deal of them live in places like NYC or L.A. and such places where $250K makes you just about as “rich” as $40k makes you in Topeka.
Let’s use NYC as an example where your apartment rent costs more every year than a full year’s salary in most other places…MORE than that if you have a parking place. Add to the rent, the cost of everything from groceries to a haircut to a dinner out or a hotdog on the corner and all of a sudden…$250k doesn’t look like much.
What, if ANYTHING you can manage to save you invest in stocks or a 401k for your “retirement.”
Now, all of a sudden, this socialist dictator comes along and wants to jack you for another 4% of your income.
He also wants to jack you for 3.8% more on your investment dividends.
Okay…That’s nearly 8% more in taxes your gonna pay but, the Emperor isn’t done stealing from you yet.
There’s Obamacare. You remember Obamacare. That’s the largest tax increase in American history and it contains 21 brand new taxes. THOSE taxes are NOT just on the $250k and up crowd either. THOSE taxes are on EVERY man and woman in the country!!!
Included IN Obamacare is a new tax aimed directly at the $250k man or woman. It’s an INCOME TAX SURCHARGE!!!
Yep…ON TOP OF THE REST OF YOUR JACKED UP TAXES!!!
That “surcharge” is ANOTHER 3.5 %.
Now…under the Emperor’s new jacked up taxes on the “rich” those making $250K per year and paying more than 11% higher taxes than they were LAST year.
Oh…don’t worry…The taxman ain’t finished…
NOW you get to add state and LOCAL taxes to your bill.
Making $250k…You were ALREADY paying almost 40% in taxes…NOW…under the Emperor’s NEW system…YOUR SHELLING OUT SOMETHING NEAR 53% OF YOUR TOTAL INCOME…MAYBE MORE…TO TAXES!!!
So…What is the top 2% to do?
They can avoid some of those taxes by quitting their investing and many will do just that.
If they are business owners, they can simply shut down any planned business growth so as not to incur more penalties, lay-off workers to cut their losses from Obamacare punishments and some will simply go out of business altogether because they, under the Emperor’s new plan, will no longer be able to afford to STAY in business.
THAT will ALL lead to HIGHER unemployment, SLOWER economic growth and a brand new deep RECESSION.
Here’s a little something to keep in mind.
In Great Britain, when THEY jacked up taxes on THEIR “rich,” nearly 2/3 of ALL British MILLIONAIRES…LEFT THE COUNTRY ALTOGETHER!!!
The result is LESS revenue than they had BEFORE the jacked up taxes!!!
Socialists…HERE’S your chance to OCCUPY REALITY.
Do the math…
Let’s say your just over that $250k level…say…$255k per year. You would be WAY better off to CUT your income by 5%.
Think about it.
At $237,500 per year…You get to KEEP 12-13% MORE of your income that you would at $255k.
I can guarantee you that ANYBODY just over the limit WILL do exactly that and who could blame them???
Presto…the revenue well isn’t as deep as you thought it was.
Now…factor in THIS fact.
Obama’s jacked up taxes on the “rich” will offset exactly…8 ½ days of current government spending.
8 ½ days.
Now…examine the Obama plan and you will discover that he is proposing MORE than the called for revenue increase in NEW SPENDING!!!
IS ANY OF THIS SINKING IN YET???
UNDER THE OBAMA PLAN…THERE WILL BE LESS REVENUE THAN THERE IS TODAY AND MORE GOVERNMENT SPENDING THAN THERE IS TODAY…HIGHER UNEMPLOYMENT THAN THERE IS TODAY AND LESS ECONOMIC GROWTH THAN THERE IS TODAY AND OUR ECONOMIC GROWTH IS ALREADY STAGGERINGLY SLOW!!!
Obama doesn’t want increased revenue and he CLEARLY doesn’t want to cut government spending. He doesn’t want to preserve Medicare and Social Security and he doesn’t give a DAMN about the middle class.
ALL he wants to do is STICK it to those who he and his sharp as a bad of balls socialist lemmings think are “rich.”
IF he had ANY interest at ALL in increasing revenues and cutting the deficit, he would have accepted the republican proposal but…HE TURNED IT DOWN FLAT!!!
Sammy Lincoln occupies a social media group of which I am a member and Sammy is a socialist Obama hugger who proves, every day, that a horses ass can be led to water but he’ll just gallop back to the socialist Kool Aid pond and DROWN in it.
Here’s a little something else for the Sammy Lincolns of this country.
The Emperor’s margin of victory in 2012 was DOWN by 4% over his margin in 2008 which means he won by just 3% of the vote.
Got that Sammy??? If so…Share it with your 1 friend.
That means he has a 1.5% “Mandate” to jack up everybody’s taxes be it from his new plan or Obamacare because had just 1.5% of the voters in the margin of victory gone for Romney…it would have been dead even.
Now then…I don’t want to hear ONE more word about the republicans holding 98% of the taxpayers “Hostage” either.
Let me make my reasoning for that as crystal clear as a mountain spring.
THE EMPEROR ALREADY SHOT ALL THE HOSTAGES WHEN HE PASSED OBAMACARE!!! THOSE 21 NEW TAXES IN OBAMACARE HIT THE LOWER, MIDDLE AND UPPER CLASS.
Socialist Sammy…Obama doesn’t give a RAT’S ASS about YOUR rat’s ass.
Forget the Emperor Sammy…What has YOUR party EVER done for you and the black community???
Did the democrats end slavery? HELL NO…THAT was the REPUBLICANS.
Who instituted Jim Crow laws Sammy??? The DEMOCRATS did.
Who ENDED those Jim Crow laws Sammy??? The REPUBLICANS did.
Come on Socialist Sammy…WHO formed the VAST majority of the KKK???
DIXIECRATS did Sammy…SOUTHERN DEMOCRATS!!!
How about civil rights Sammy??? Come on now…How about civil rights???
EISENHOWER wrote the civil rights legislation Sammy. IKE wrote that as a REPUBLICAN president.
Who BLOCKED passage of the Civil Rights legislation while Ike was in office???
THE SAME SENATOR WHO LATER, WHEN HE BECAME THE PRESIDENT…PASSED IT SAMMY…LBJ…A DEMOCRAT!!!!!
Now then Sammy…with Obama in office…How’s the black community doin???
Black unemployment is currently around 14% Sammy and youth unemployment in the black community is currently near 40%. How’s THAT workin’ for ya Sammy???
And guess what Sammy…THOSE unemployment rates are gonna look like the GOOD OL’ DAYS real soon because as all these new Obama plans and Obamacare come into play…THOSE RATES ARE GONNA GO UP, AND UP AND UP.
It’s not a matter of race either. EVERYBODY is gonna feel this new pain. EVERYBODY regardless of the depth of your tan.
I say let the republicans make 1 more attempt at compromise. Just 1 more.
We’ll GIVE Obama his tax increase on the “rich” and for HIS part…The Emperor will have to completely…Lock, stock and smoking barrel…REPEAL OBAMACARE.
If the Emperor turns that down, and he certainly will, off the fiscal cliff we go and trust me…That’s EXACTLY what the Emperor WANTS.
If we DON’T go off the cliff…Who is he going to blame for EVERYBODY’S taxes GOING UP??? If we DO go off the cliff…The Emperor can disguise EVERYBODY’S OBAMACARE tax hikes as FISCAL CLIFF hikes and then HE can demand a return to the Bush era rates for the 98% and HE gets to be the middle class HERO.
The “Fiscal Cliff” is nothing more than a disguise for the Obamacare Tax Hike Suppository” we’re all about to get!!
Off the cliff or not, under the Emperor, the economy is gonna take a dive and HE OWNS this economy!!!
Remember, it ain’t fallin’ off the cliff that’ll kill you…
It’s the sudden stop at the bottom.