The Red Pill

Another piece from Neil Boortz about how the DemaRats want to raise taxes. Remember - repealing the tax cut == raising taxes.

Democratic presidential candidate Joseph Lieberman decided that he needed to do something to get some much-needed publicity for his faltering campaign. Well, what the hell! Nothing works better than a little class warfare, so let's give that a try! Lieberman has come up with the absolutely unique idea (yeah, right!) of ... are you ready now? All together .... raising taxes on the rich!

When nothing else works, play the envy card. Lieberman knows that envy is one of the most powerful emotions around, and powerful emotions make powerful tools in the hands of politicians.

Lieberman's income redistribution plan has six main elements:

Raise the tax rates on the two highest income brackets.
Cut the tax rates for middle income families.
To make sure that the evil rich can't take advantage of the lower rates on the first $50,000 or so of their earnings, hit them with an additional 5% surtax. This will bring their tax rates up to nearly 45%. That should teach them to be successful.
Renew the double tax on corporate profits by restoring the taxes on stock dividends.
Bring back the death tax. Whatever government didn't manage to get from you while you're living, it can just take after you're dead.
Expand the hideous income redistribution program known as the Earned Income Tax Credit so more government checks can be written to more wage earners at the middle and lower income levels.
I'm going to break this down for those of you who went to government schools. The higher tax rates on the rich will take even more money from our most productive citizens. The rate on most successful small business owners will be around 45%. The tax cuts for the middle income earners will remove even more Americans from the list of those who actually pay federal income taxes. And the expanded earned income tax credits will mean more government checks for those in the middle and lower income brackets.

Simply put ... Lieberman's tax plan is to take even more money from the evil, hated rich and give that money to the middle and lower income tax brackets. Take the money from those who aren't likely to vote Democrat and give it to those who are. The ultimate goal here is to create a system in which they can get the money from people who's votes they don't need and then spend that money on the people who's votes they do need.

There's something else you need to remember. Those evil rich people who the politicians tell you aren't paying their "fair share?" most of these people are business owners. They have elected to treat all of their business income as personal income. When the government takes more of that personal income away in the form of higher taxes that leaves these businessmen with less money to spend on expanding their businesses and hiring new employees.

Have any of you read "Atlas Shrugged?"