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Obama is on the Right Economic Track!

1 April 2009 One Comment

obama-superman
BY: NCViking

The government needs to take more charge in what’s going on. Too many businesses, CEOs and wealthy individuals are running rough-shot over our society, earning huge salaries and bonuses – how could this be fair? They don’t need all of this money they are hoarding. It is right that they should be further taxed so that government can create and administer more programs to help people in need. What makes them so special? And how do you think ordinary people feel when they see their opulence? Something must be done. Redistribution of this wealth by government to people who really need it is the only thing that is fair. Just as fair as business finally paying for giving our planet a runaway fever. It’s time to make a difference and take a stand!

As Syndrome said (from The Incredibles): ‘Everyone’ can be Super! And when everyone’s Super… No one will be.

Obama’s conversation with Joe the Plumber clearly shows the importance of this right approach. Check out this poll info from The Daily Kos:

The Poll finds more voters say the country is on the “wrong track” (49%) than say the country is headed in the “right direction” (39%). However, the percentage of those saying “right direction” is up seven points from 32% in last month’s Poll and the percentage saying “wrong track” is down six points from 55%.

People get it. And besides, rich people are not going to move because they pay higher taxes, so what’s the big deal?

Believe it or not, people don’t dig up roots and flounce out of their home state just because of taxes, any more than they quit their jobs when they creep up to the edge of a higher tax bracket (no matter how many times ignorant reporters find stupid people who think that’s how the tax system works).

An increase in federal revenues is needed to fund these wonderful and effective programs including universal health care. The rich and their greed have more than enough to go around so the idea to increase taxes in the upper brackets and to raise the capital gains tax from 15-20% would be a good thing, foolishness of Tax Tea Party protests, not withstanding.

From the Huffington Post:

In his efforts to find revenue streams to fund domestic priorities and close the deficit, President Barack Obama introduced, as part of his budget proposal, a variety of tax revisions and increases on Wall Street and the wealthiest of Americans.

The president’s plan would raise the tax rate on capital gains and dividends to 20 percent from the 15 percent levels imposed by the Bush administration.

“This increase will not just have no severe effect on the economy but have almost no effect except higher revenues,” said Robert Shapiro, the deputy commerce secretary under Bill Clinton and an occasional adviser to president’s economic staff. “It is basically a freebie. So why not do it?”

Now this is Change we can all believe in!

By the way …

April fools from The Great Illuminator.

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