During the run-up to the 2012 elections, I can remember that President Barack Obama and Mitt Romney had a final debate in Florida, Governor Mitt Romney, the Republican candidate, challenging the incumbent Democrat Barack Obama was explaining his economic plans and his thoughts on taxation, loopholes, and various deductions which might be cut to help improve government revenue. President Barack Obama insisted that he didn't want tax cuts, but he had a tax reform plan of his own.
This was news to me because he already had four years to implement any new tax reform strategies, but hadn't until now even mentioned it, except for this "class warfare" of taxing the rich billionaire boys club. Perhaps he was going to wait until after the election like so many other things that he plans on doing, but he did wanted to disrupt his campaign, or cause himself to lose votes. He would be afraid of losing the confidence of the American voter by reneging on his words, or promises during the previous 2008 election, not that he had fulfilled very many of them anyway in the four years after that.
Well, on this note I would like to explain to you what Obama's tax reform strategy really means. He told us that he would raise the tax on millionaires and billionaires. Still, if we took all the money from all the billionaires in the United States, he couldn't even run the United States federal government for more than 90 days, and it would hardly make a dent in the federal debt, or the additional trillion dollars that he is spending up and beyond the amount of money that comes in in tax revenue to the federal government.
Okay so, what does this mean? It means that not only people that make more than $250,000 per year will have an increased tax bill; it means that every American in the middle class will get squeezed even more. In fact, we are destroying our middle-class now, we are taking them down. Many believe that socialism balances the playing field, and helps with financially quality. In some regards that's true, because when socialism finally hits, everyone in the entire country is equally poor, except a very few individuals who are in cahoots with the leadership, and able to make crony capitalist deals and stay in the flow of money.
Interestingly enough, those folks rarely pay taxes, and it hardly matters which country they are in, because if it is run by socialists, it's always the same. If you doubt what I'm saying just take a look at Greece, Italy, Spain, or Portugal right now. That's where they are all at, and that's where we're going because the American voters never bothered to ask what President Obama's tax reform meant, they never looked at the plan, because it was never shown. It was another one of those Nancy Pelosi moments; "you are just going to have to vote for it (him) to see what's in it (the tax reform plan)."
Nevertheless, the American People voted for the brilliant orator and Teleprompter in Chief one last time as he made those great speeches. The rest is history, and folks it is a; repeat. Socialism is not progressive, it's regressive, it's never worked in human history.
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