When did it become okay for the President to choose who to tax and by how much? The problem with taxing people who make over $250,000 is that there are more lower and middle income earners than high wage earners.
“A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship.
We are a nation where a majority of voters have discovered that they can vote themselves largesse from the public treasury, that is, from productive tax payers by putting people in power that will do their bidding. Fifty percent of the voting population doesn’t pay a penny in federal income taxes. Why would they ever vote for a president, congressman, or senator who wants to cut taxes and spending?”
It’s an old story that is getting worse. We have more people than ever on welfare and too many people not paying into the system. We have to change to fix this. But change doesn’t always work…the change we were promised 4 years ago just made things worse. There has to be a better solution.
- ‘President Obama, It’s Not Your Money!’ (godfatherpolitics.com)
- Obama to push extension of middle-class tax cuts (news.yahoo.com)