The wealthy have as much of a right to life, liberty and the pursuit of happiness as the poor, and they have as much right to their personal property including their wealth as any other American. Their wealth isn’t the property of the the poor or middle class – nor is it the property of the Federal Government or the State in which they reside. Their wealth is not America’s wealth – it is their wealth, and their’s alone. They spent, countless hours of their time and thousands of their dollars receiving college degrees, and of their time away from home and family, and long days making their professions profitable. They didn’t do this on the backs of the poor and middle class – this was all done on their own backs. So, it should not strike us as odd, or unreasonable if they complain about being asked to pull a heavier and heavier wagon while so many more are jumping in for the free ride.
This brings us to Barack Obama’s domestic policies. It seems that the source, at least as he has laid it out, for all of his spending, is to steal it from the wealthy. We won’t get into the issue that most of his spending proposals are unconstitutional – we will just stick to how he wants to pay for them. If you want to get something done in politics, it is good practice to persuade more individuals to be for it than who are against it. This is exactly how Obama approached the issue of taxation during his presidential campaign, where he said, I think, because he did have several different versions, that the bottom ninety-five percent of tax payers would not see their taxes go up. No matter what extra spending he suggested, it would only be charged to the top 5% – the bottom 95% would get a free ride. This tactic was meant to pit a majority of Americans against a minority of Americans, and as the saying goes, when you rob Peter to pay Paul, you can generally expect the support of Paul, and since there are millions more Peters than there are Pauls, the opportunity to get the vote count to work in your favor is real.
We hear all the brain-dead class warfare from the Democrats about how the “rich” need to pay their fair share of taxes and their days of getting over on everybody else is over. Well, let’s look at the numbers for 2006 – the current numbers will vary slightly, but not enough to matter. The top 1% ($388,000 an over)paid 40% of all income taxes – the top 5% ($153,000 and over) paid 60% – at 60% I would say the wealthy (top 5%) are paying their fair share. This is the group Obama is talking about raising taxes on, and who apparently have bottomless pits for pockets. A side note – You will have a difficult time convincing those toward the bottom of that 5%, that they are rich.
There is something that we all should find personally offensive about getting a majority of the people to gang up on a minority of the people in order to steal their personal property – afterall, isn’t that the philosophy that led to the war between the states. When we think of thieves, we by default think of the person who breaks into our home, our car, or those who shoplift. We aren’t inclined to think of it as thievery, to expect some unknown person to be taxed at a higher rate so that others can be taxed at a lower rate, but it is.
With all of Obama’s flowery rhetoric, we now know that Obama was lieing about not raising taxes on the bottom 95%, because he has already done so via cigarette taxes, unless of course, smokers only reside in the top 5% of wage earners. Because of Obama’s massive spending proposals, there are all kinds of new tax proposals being made, and it is very important to note that Obama is rejecting none of them out-of-hand. He is putting all tax increases on the table, because he knows that the top 5% do not make enough money to pay for all of his pet projects. If he can’t figure out a way to force 1.2 million filers(the top 5%) to pay for the freeloading lifestyle of much of the rest of the country, he will have to dip into the pockets of the bottom 95%, and big time.
I would just like to say that I have a different opinion of the top 5%. These individuals deserve our gratitude, not our disdain, for were it not for their willingness to make all of the sacrifices previously mentioned, those of us in the bottom 95% would have to pay more a great deal more. So, I will take this opportunity to thank the the top 5% for being there to do most of the wagon pulling in this great land, even while many of those who ride in the wagon, and those searching for votes, are constantly looking for ways to steal more of their property.