I have a small business, in addition to my full-time job. My wages put me just about in the range Obama considers “wealthy” and thus subject to tax increases.
I live in a small one-bedroom apartment, I work an 80 hour week, my small business is in independent theatre and film production so, ironically, I have over the years employed many, many liberal folks. I do it because I enjoy it, and because I enjoy doing it right — paying people for their work, making sure the business is adequately insured, etc. It costs a lot, and those costs are now going through the roof and making it difficult to continue.
I have worked LIKE A DOG for what I have. And I’m going to have to stop because my costs are going through the roof and because I’m going to get slammed by a tax increase if this idiot has his way.
Bite me, Mr. President.
Ultimately its all about who has the power to decide how resources are allocated, the government or the market. As soon as taxes are increased dramatically, it will become quickly apparent that the economy will be devastated. Obama (or insert your favorite progressive) will then issue “waivers” for who the government deems worthy. Just as it quickly became apparent that Obamacare was unworkable in the real world and Obama was forced to issue a multitude of waivers. When winners and losers are selected based on political whim rather than the discipline of the market, we all lose and we will eventually become a third rate power - which suits Obama just fine. Preaching to the choir, but for further info, read Hayek’s “The Road to Surfdom”