The Beatles Foretold of Obama
Mar 28, 2008 Political
The Beatles (a famous musical group for those of you too young) had a song about the Tax Man. They could have been talking about the Democratic Party in general but they must have known that Barack Obama was going to appear in the future because everything in that song could apply to his plans for America. Barack Obama has already indicated that he would raise the cap on income subject to Social Security, an action that throws good money at a bad problem with addressing he root cause.
Now Obama is saying that he will raise the Capital Gains tax to no mre than 28% (nearly double what it is now). Of course Obama wants people to believe that this will only affect the rich because in the world of liberalism only rich people make enough money to have capital gains. However, about half the country owns stock and other items that would be subject to the higher tax so everyone who invests for the future will have that future attacked by Obama, the Tax Man. The rich, well they know how to shelter their money. Warren Buffet, a man Obama claims to have discussed his tax ideas with, shelters his money. John Kerry’s wife earned 2.54 million dollars in non taxable interest by investing in things she did not have to pay taxes on. The rich know how to avoid taxes. The rest of us will end up paying the 28% to fuel the government but once again, Obama misses the boat because higher taxes stifle investment and they do not address the root cause of the problem.
The real problem is out of control spending. The federal government spends more than it takes in and it continually invents new ways to spend more and more. Little is ever cut and lawmakers fight tooth and nail to keep pork projects and earmarks which waste taxpayer money. This country does not pay too little in taxes, we spend too much. Social programs account for around 70% of the budget. Congress never cuts programs or consolidates, it just makes new programs and adds money to failing ones. Couple this with earmarks and spending spirals (not like Hillary’s airplane) out of control.
Obama wants to add to the tax burden of the people in this country. There is no need for this and it is regressive. An increase in the capital gains tax will stifle investment and add to our economic woes. Increasing taxes on wealthy will lead to creation of fewer jobs. Obama claims to be for change and he claims to be progressive with new and progressive ideas but his ideas are the same old worn out, tried and failed liberal tax and spend programs that keep people enslaved to the government.
The Beatles described Obama and liberals quite well:
One, two, three, four…
Hrmm!
One, two, (one, two, three, four!)Let me tell you how it will be;
There’s one for you, nineteen for me.
‘Cause I’m the taxman,
Yeah, I’m the taxman.Should five per cent appear too small,
Be thankful I don’t take it all.
‘Cause I’m the taxman,
Yeah, I’m the taxman.(if you drive a car, car;) – I’ll tax the street;
(if you try to sit, sit;) – I’ll tax your seat;
(if you get too cold, cold;) – I’ll tax the heat;
(if you take a walk, walk;) – I’ll tax your feet.Taxman!
‘Cause I’m the taxman,
Yeah, I’m the taxman.Don’t ask me what I want it for, (ah-ah, mister Wilson)
If you don’t want to pay some more. (ah-ah, mister heath)
‘Cause I’m the taxman,
Yeah, I’m the taxman.Now my advice for those who die, (taxman)
Declare the pennies on your eyes. (taxman)
‘Cause I’m the taxman,
Yeah, I’m the taxman.And you’re working for no one but me.
Taxman!
Tags: failed policies, liberal. tax and spend, Obama, taxes