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All Da King's Men

Obamanomics - Part II

By Da King Published: June 13, 2008

shrinking dollar

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.
- The Beatles

The next time you hear a Democratic politician complain about the Bush tax cuts, as Democrats tend to do in about every third or fourth sentence (at this point it's almost like liberal Tourette's Syndrome), think about this:

Accounts Receivable Tax, Building Permit Tax, Capital Gains Tax, CDL License Tax, Cigarette Tax, Corporate Income Tax, Dog License Tax, Federal Income Tax, Federal Unemployment Tax (FUTA), Fishing License Tax, Food License Tax, Fuel Permit Tax, Gasoline Tax, Hunting License Tax, Inheritance Tax, Inventory Tax, IRS Interest Charges (tax on top of tax), IRS Penalties (tax on top of tax), Local Income Tax, Liquor Tax, Luxury Tax, Marriage License Tax, Medicare Tax, Property Tax, Real Estate Tax, Service charge taxes, Social Security Tax, Road Usage Tax (Truckers), Sales Taxes, Recreational Vehicle Tax, School Tax, State Income Tax, State Unemployment Tax (SUTA), Telephone Federal Excise Tax, Telephone Federal Universal Service Fee Tax, Telephone Federal, State and Local Surcharge Tax, Telephone Minimum Usage Surcharge Tax, Telephone Recurring and Non-recurring Charges Tax, Telephone State and Local Tax, Telephone Usage Charge Tax, Utility Tax, Vehicle License Registration Tax, Vehicle Sales Tax, Watercraft Registration Tax, Well Permit Tax, Workers Compensation Tax...and many, many others

Then ask yourself if MORE taxes is really the right way to go. Combined government at all levels already takes over $5 trillion (that's a five followed by TWELVE ZEROES) out of our pockets each year(and some people wonder why the middle class is shrinking and we're going in debt. Hello).

As if all that isn't bad enough, the Democrats propose more tax increases at every turn. Examples since May, 2008 alone are - the Windfall Profits Tax on the oil companies (which was voted down by the Republicans. Thanks GOP), the Lieberman-Warner Climate Change Tax (which was voted down by the Republicans. Thanks GOP), and the huge subsidies in the Farm Bill (which the Republicans did NOT vote down. Bad GOP. Bush vetoed it, thanks Bush, but Congress will override his veto).

A president Barack Obama, in addition to ending the Bush tax cuts for the rich, lifting the Social Security tax cap, and doubling the capital gains tax, would also like us all to pay a Global Poverty Tax to the United Nations. Obama's huge new spending plans will require taxes to be raised through the roof, so don't be fooled by his misleading rhetoric about a middle class tax cut. The total tax burden trickles down to the middle class and the poor just as sure as the rain falls from the sky. It's the total tax burden that really matters, and Obama would jack it up by another trillion dollars or so. I'm sure you all can afford it, though. It's small change, really. Petty cash, at least to Democrats. Yes we can (take your money).

Or you can vote for John McCain, who promises to scrub every facet of government to reduce spending, who is a hawk against earmarks, and who wants to cut taxes by $300 billion. Your choice. McCain also wants to reduce the corporate income tax rate from 35% to 25% in order to stimulate business, create jobs, and lower prices. Barack Obama called that proposal "catering to the wealthiest americans", in a standard bit of Democratic class warfare rhetoric. What Mr. Obama doesn't understand is that it's the total tax burden that counts when it comes to jobs, wages, prices, and business stimulation. It's a fairly simple concept really: the more government takes away from business, the less money business has to grow, hire new people, or pay higher wages. The more government takes from business, the higher the cost of doing business becomes, and the more goods and services from business cost. In fact, the concept is SO simple that it takes a lot of liberal propaganda to get it all mixed up, as Obama has. Don't be fooled.

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