Friday, April 30, 2010

Obama Prepares the Path to Break Campaign Promise

  • After pledging during the campaign that he would not raise taxes on families earning less than $200,000.00 per year, President Obama now says "everything is on the table", and that when it comes to keeping his promise, he says he "won't play that game." So this is what is has come to. Keeping your promise is "playing the game." Get ready, people. When a Democrat says everything is on the table, they mean everything in your wallet. In addition to raising income taxes, there is serious thought being given to a Value Added Tax. What is that, you say? A value added tax slaps a tax on every process involved during the manufacture of a product that increases the value of that item. For instance, when GM makes a car, they obviously paint it before it leaves the plant. This adds value to the product (who wants to buy an unpainted car?), and that portion of the process would be taxed. Who knows how many processes would be interpreted as adding value in something as complex as an automobile, but you're probably getting the picture by now. And this is just one product. This type of tax is already popular in Europe, and other parts of the world liberals think are better than us (which is pretty much everywhere). The most insidious thing about the VAT is that it is invisible. Unlike a sales tax, which is itemized on your receipt, or an income tax that you see deducted from your paycheck, it would take a lot of research to find out what portion of the price of a product were actually tax. For liberals, this can only be described as analogous to the types of dreams teen age boys have. Increase taxes without people being able to tell, with higher taxes on those industries and products you deem undesirable. Incredible.

No comments:

Post a Comment

Powered By Blogger