A Comment About

Obamanomics: Hope Has a Plan

March 14, 2008 - 1:00 am - by Max B. Sawicky
John Corn
2008-03-14 10:23:00

Just for example: “Like most Democrats, Obama would rescind at least part of the Bush tax cuts. He would use the proceeds to finance new tax credits for working families. He also proposes loophole-closing and simplified tax filing. These wholesome ideas are of a piece with the Democratic orthodoxy of tax simplification and revenue neutrality – reducing the tax burden of the many at the cost of a privileged few.”

1. Class warfare undisguised, by further reducing the percentage of taxpayers and increasing taxes for as many current payers as possible.

2. Income levels of “working families” is dropping like a stone. Apparently those earning over 30, 40, 60, 80K, or whatever number he is tossing about don’t work for a living, but his bottom line is to eliminate taxes for as many people as possible, making them wards of the government.

When people don’t have a stake in something, they don’t take care of it. One needs only visit ghettos or any country not yet recovered from decades under communist rule.