« Clinton Refuses to Comment on Sestak Offer | Main | More On Obama and His Admin Won't Acknowledge "Terrorism" »
May 29, 2010
Obama to Snatch Up to 75% of Your Income
Obama to snatch up to 75% of your income
If President Obama repeals the Bush tax cuts and imposes a 20 percent value added tax, or VAT, on the U.S., Americans may be facing tax rates where more than half of everything earned is confiscated by the federal government in the form of income taxes, Jerome Corsi's Red Alert reports.
Add Social Security taxes and the tax burden quickly advances to more than 60 percent.
"Adding state property and income taxes to the burden, the amount government confiscates could be in the 75 percent range before Americans have a chance to vote Obama out of office in 2012," Corsi wrote. "Are Americans willing to be taxed 75 percent of every dollar earned?"
In a five-day work week, will Americans be willing to work four days for the government?" Corsi asked.
He said as Obama moves the U.S. in the direction of becoming a European-style social welfare state, it is important to consider taxation levels typical in Europe.
Corsi noted that even high levels of taxation are not sufficient in Europe to prevent debt levels from rising to crisis proportions, as has been seen in Greece and is looming on the horizon in Portugal, Spain and Italy.
"These are the real costs of income redistribution, as taxpayers are made to bear the taxation costs of generous pension plans for government employees at all levels of government – federal, state and local – as well as funding Social Security, paying for Medicare, Medicaid and Obamacare and funding welfare, including educating the children of illegal immigrants in Spanish in public schools," he wrote. "There is no limit to generosity when it comes to socialist states providing social welfare benefits to increasingly government dependent populations."
Wild Thing's comment.......
A simple and easy to follow guide of our current circumstances:
The Road to Serfdom in Cartoons...
These peple are nuts. If they keep taking more from us, well I guess what they want is for everyone to be broke and then put us all on government help which is a way to rule our lives once more..... obama agenda 101.
....Thank you Mark for sending this to me.
Mark
3rd Mar.Div. 1st Battalion 9th Marine Regiment
1/9 Marines aka The Walking Dead
VN 66-67
Posted by Wild Thing at May 29, 2010 06:55 AM
Comments
If it gets that far there will be an uprising and it won't be nice. We already have the 'Black Power Convention' threatening to take us out, so what the hell lets go out in a blaze of glory.
According to the WSJ things could get bad soon. The Collapse Glenn Beck has been talking about would not have to be a total collapse. Maybe down to where Spain or France is, a point where the IMF would take over and we'd be subject to control by the UN.
I have no idea if this is true. But the way we are going it doesn't sound impossible either.
Posted by: Mark at May 29, 2010 11:57 AM
They have to fund this spending somehow. The taxes like this are a way to do it. Unfortunately for us, it was all part of the plan. Most of the big money guru's didn't get it and still don't. There has been an email circulating around the net on how to catch wild pigs. I keep trying to figure out where we are in the pig catching scenario. Whether the gate has been shut or not.
Posted by: Jim at May 29, 2010 03:16 PM
BTW, thanks for the cartoon, I hadn't seen that one before.
Posted by: Jim at May 29, 2010 03:28 PM
Barack Obama is the final infection of the liberals' moral and mental disease. He's their death wish fulfilled, too. He/they will bring the house down on their own heads, but we'll survive and they won't.
Posted by: Rhod at May 29, 2010 03:32 PM
Will the K-Y for this be tax-deductable at least or not?
Posted by: Anonymous at May 29, 2010 09:53 PM
Thanks everyone, I can't get over how each day he has to do something against our country and we the people. He never lets one day go by without messing with things and destroying something.
Posted by: Wild Thing at May 30, 2010 03:59 AM
