Posted on 07/14/2009 11:49:19 AM PDT by Mount Athos
Multiply that by every other tax and it is a back breaker. Here is a thought, mind your own business and stay out of other peoples wallets. If you want the government to have more money then YOU give it to them, not me.
Didn’t these Blue Dog Democrats vote for Nancy Pelosi as speaker?
The more people dependent on the government, the more votes they control. Who is going to pay the bill? Rich people. Don't you understand that in their mindset, there will always be rich people they can tax the snot out of? They are call 'progressives" because it's a progressive march toward pure socialism for all but the ruling class.
Folks here have to stop hyperventillating and think. First, this tax is net profit, after costs and deductions, of high income earners. Salaries for employees, if any, are already deducted as a business expense, so this does not take a dime from a possible emplioyee. A lot of these high income small businesses are the same folks we all complain about for operating high flying consulting and lobbying jobs where the income already came from government sources.
Caveat: I am not for tax increases, especially not to feed the maws of the feral gubmint bureaucracy. But folks need to do real reading and real thinking and real analysis.
The Marxists know the economy will self-recover. They’ll wait to hit when it’s swinging back. Also, the mass of voting idiots will give Obama the credit for a recovered economy, just as he’s about to drive it into the tank. By then, the election is over.
On top of the 50%+ already in place, for MANY it will be the straw that breaks the camels back. In these times, ANY additional burden will wipe out a significant portion of small businesses. Now is the time to CUT, not add taxes.
Unintended consequences? I don’t think so. This administration is doing exactly what they want REGARDLESS of the consequences. They have an agenda and the numbers to implement their Obamasharia.
So what, the plan still sucks. Many are not included in some group you don't like, and their business and the people they employ will get screwed, and in the end, we all pay for it.
My predictions:
1. The Democrats will ram the tax increase through.
2. The tax revenues will go into the general fund and get spent on other items.
3. The Democrats will whine about underfunding as an excuse to increase taxes again.
4. Nobody gets health care. Everybody gets stuck with debt and higher taxes. [Well, except for the Congress critters and their families.]
Just...like...Social Security. And Medicare. And every other failed government program.
And much of this is about exactly this. Private healthcare will be forced out of business.
People will LEAVE. Close up shop and leave. Bar room economics.
Are you vaguely saying you support a Democrat tax increase?
Like I have always said what the hell good is me paying for others healthcare if there are no jobs?
Can I see Ted Kennedy’s, Bill Gates’, Warren Buffet’s, and Barack Obama’s recalculated tax payments when this “tax increase on rich people” is assessed?
Much of the Obama administration didn’t even pay “their fair share” of the taxes they’d already BEEN assessed under the law. We aren’t even talking tax shelters, these were outright dodges.
Thanks. I read it like you. A lot of W-2 earners would settle for a 3% cut in income in these times.
“People will LEAVE. Close up shop and leave. Bar room economics.”
Obama: Making work not worth it.
A bailout package for small businesses!! brilliant!
Jeez, converting to Soviet style socialism sure is spendy!
Or, go into the black market.
The owner is a bedrock republican and several of the employees are big Obama supporters. They fail to see what he is doing to their jobs, and yes they will be the first to go and the least able to afford the loss of work.
Good catch. Overlooked that possibility.
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