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A new kind of politics ... “TAX & SPEND”
the unownership society
Placing taxes at high bracket levels and then inflating away the value of money is soooooo obvious.
If they continue to punish the “wealthy” i.e., job creators and achievers, pretty soon there will be none left.
As a small business owner that has a $250,000 of revenue, I’d be looking at cutting costs to recuperate this money. So the Obamabots better not complain about getting a pink slip after they get their “free” health insurance.
Yes, but did he not say that no one who made less than $250,000 per year would pay more in taxes?
Lesson—
Commies Lie-—
Never Trust a Lying Kenyan Commie!
Clearly this wouldn’t apply to our hard working, indispensable elected officials! After all, the interest deduction on more than one home was begun for them. Can’t see any of it going away—for them, that is.
They called them "subsidies"!
I, who have faithfully paid my mortgage for 16 years, will have to cough up more in Federal income tax to pay the mortgage of some slob who should never have gotten one in the first place...
btw: “Is the Obama administration serious about beginning to limit at least some of these subsidies?”
since when is paying for something then taking a legal deduction a “subsidy”????? isn’t a subsidy a form of payment???
more socialist theory from the leftists I guess...
Obama says he is going to tax the rich. But the rich will always find a way to protect their money. It is the middle class...those who work hard and follow the rules...that Obama’s policies will break. It would be difficult to believe it is not intentional.
As if the real estate market weren’t bad enough, this will caues it to crash completely.
Mortgage payments not being fully deductable effectively INCREASES the payments, when people already can’t afford them. Also — once they start to monkey with it, there is no guarantee that they won’t eliminate mortgage interest deduction completely, which will mean that a HUGE number of people will NOT be able to afford their mortgage payments, and with that hanging over people’s heads, nobody who doesn’t already own a house will want to own on, and people will put houses on the market, just to get out of having to pay the mortgage payments.
This is what you do, if you completely want to destroy real estate FOREVER — which is exactly what Obama and the Dems are doing, and they are NOT that stupid, so the only other alternative is that they are doing it deliberately, they WANT to destroy private ownership. Then they will take over all private real estate, it will be owned by the government and people can rent from them. THIS is what was going on in communist countries, there was no private ownership.
Remember, what you earn is seen by the government as THEIR'S. Everything you are allowed to keep after taxes is an EXPENSE to the government. If you are keeping more of your money with yourself, it is COSTING the government.
People can’t afford their houses now so making it even harder on them is going to make everything better...
I hope people enjoy what is coming...
how is letting people keep more of their own money a subsidy?