How to ruin America, the new chic is fascism, get out of the way and empty your pockets...the government needs more of your moneyI know what youre thinking: "Doug, you must be tweaking on good dope to doubt the Mesiah, Our Savior!"
Not exactly. I have this totally orthodox way of assessing current events and politics. I use a method called "objective thinking". Its a strange concept but this is how it basically works: I dont believe anything I read in the media until Ive been able to research it inside and out, even then I dont even form an opinion (that would be subjective) but rahter relay the facts to everyone that doesnt have the time to research things like I do. So here we go, lets take a look at what 48% (AP wire current polls as of 6/19) of America is ready for: Change!
I present you with the Obama Doctrine, designed by the most Flawed Canidate in American History. This is looking to be a 23 part series (im not kidding)Everyday we will cover a new area of interest. Todays is TAXES
The Policies that I find absolutely terrifying:
The Highest tax raising across the board in the History Of America.
"Pay More, Have Less"1)
Income Tax: This will be the highest raise ever in American History and this one is a two part/Double Whammy. Obama wants to let the Bush Income Tax Cut run out and NOT renew it. Then he is proposing to raise it to 39%!
a)
Personal Income tax-(I know what youre thinking: "Damn straight, lets take down the rich." Ok, no problem. But who do you think a higher income tax is going to hurt the most? Middle class and the Poor.
b)
Corporate Income tax-"yeah, lets stop all those corporations dead in their tracks" Heres the thing; corporations DO NOT PAY TAXES!! If their taxes go up, they pass the cost on to the consumer by raising prices for their goods and services. So we, the consumer, will not only be paying more in our own personal income tax but the cost of everything will also have to go up. Nice!
Windfall Profit Taxes on Oil Companies-If you havent noticed we are on the brink of a severe energy crisis in America. Democrats that are sided with the Environmentalist Lobby have blocked us from producing any of our own energy in every possible way. I'll address the energy problems and costs below. For Now lets stick to the tax, I have a few crazy ideas. Im no Economist but I do have common sense and heres what Im wondering:
1)How does the Windfall Profit Tax help the big evil oil companies to produce any additional oil? It seems to me that along with the other 2,843 regulations that are put on them that a new tax would in fact increase their overall operating costs. (See above). Also remember, we now believe Big Oil is evil, well if thats true do you think that they wont retaliate if there is an unjustified additional tax put on them?
2)"Obscene Profits" is how Obama summed up the oil companies and their dollars. However, Big oil operates with an 8% profit margin. (The lowest profit margin of any industry in the world) Thats .08 on the dollar. The federal and state gas tax is an average of .18 on the dollar. Our government makes more money on Gasoline than the oil companies and for doing absolutely nothing. Do you realize that if Jimmy Choo, Juicy, or Dolce Y Gabana operated with an 8% profit margin most of their clothes would be in Walmart for $14.99 and less. So I guess an 8% profit margin is only unacceptable if you deal in energy. Lets take a look at some other Big Business in America and why we arent hitting them for their "Obscene Profits"
>Brewers-10%
>Electronics14%
>Microsoft-27%
>Hedgefunds-87%!!! Thats a license to print money. Do you realize that the top hedgefund managers make an average of $900 Million a year? Im not talking about the top Hedgefund managing companies, Im talking about Individual people. Geoffrey Epstein in Greenwhich makes 800 million a year, isnt that an obscene profit? Why isnt Obama and the Dem party going after the Hedgefund managers? Oh wait, I remember now...Its because Dems work in them and own them. Chelsea Clinton works for a hedgefund, John Edwards owns one. So I guess they would never tax themselves. By the way, last year on Wall Street, Bonuses for Hedgefund managers totaled 14 Billion dollars. Thats aside from their salaries. I know youre thinking, "But theres hundreds of thousands of people that work on Wall Street so thats not so bad. Yeah right, that 14 billion dollars in bonuses was split between 8 individuals!
Capitol Gains Tax-Obama was asked if he was aware that raising the Capitol Gains tax in a poor economy would dramatically hurt the entire economy further. He admitted to knowing that and still sticks to his guns and wants to raise it.
Estate Tax-Otherswise known as the "Death Tax". Obama wants this raised to 40%!! So if you work hard your entire life, raise a family, and live the American Dream provided to you through hardwork and peserverance you will now (under his policy) have to give up 40% of everything (money, property, etc) to the Government just because you died. Why even bother working hard to leave anything to your kids. Heres a secret: Dems rejected the minimum wage increase for 10 years in congress when it was proposed by the Republican party. The only way they would accept it was if attached to the same bill was a hike in estate tax. Think about how Ridiculous this is.
I'll Back tomorrow with more Hot Button Issues and the Truth that the liberal media seems to be conveniently leaving out. Plus remember, we cant ever question the Mesiah, Our Savior. Please
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