Monday, July 16, 2012

Notice how payroll taxes have increased over the last 60 years? Social Security costs cannot be contained and have continued to increase to pay for the benefits of current retirees. You didn't think that social security was an investment did you?

Obama's Socialist Rant

To all you business owners out there: "If you've got a business, you didn't build that. Somebody else made that happen....If you've been successful, you didn't get there on your own," Obama said Monday. He goes on to say that the wealthy should pay a little bit more. I ask, a little bit more than what? The wealthy are already paying a LOT more. With the top 1% paying 40% of all federal income taxes, and a progressive tax that continues to punish the successful the more they make, how much more does this socialist want? Everybody uses roads, everybody uses national defense, everybody had a teacher at one point (and don't forget, we ALREADY are paying taxes for these), but I fail to see how these directly help someone make more money than another person when everyone is faced with the same infrastructure. The key differences are the choices that the person who started a business made and the choices the person who walked over to the welfare line made. If the presence of government is what makes one rich, then why isn't everyone rich? I'll raise the stakes: why is it that the government is saying more people are "poor" and have added them to the government dole as government has gotten bigger?

Over at Investor's Business Daily, there is a an excellent critque of Obama's ignorant words such as, "Is it a coincidence that virtually the only people President Obama gives credit to for anything are teacher and construction unions?"
And a quote that just nails it, "Michelangelo didn't paint the Sistine Chapel, you know. Credit must be given to the folks who built the scaffolding and the inventor of paint."