Saturday, September 29, 2012

Obamacare: Tax the One Percent?

Obama Care: Tax the rich? Better think twice. You don't get something for nothing. Somebody always has to pay the price. It may be indirectly, but you should know that the 1% cannot support the rest, we will ALL pay for it! BTW, printing money without being backed up is nothing more than a flat tax. In the end, inflation will balance out government welfare and handouts. Run-away inflation has already been predicted. 

Should the government bring relief to the widows, the fatherless and those who literally can't take care of their self? If it really is a Bible based society, then I would say yes. But, does that justify corporate takeovers by the government and radical communism in our health care system? The government is employing more people than the private industry while it regulates its citizen's to death. Obama Care will put undue strain on small struggling businesses while playing the slight of hand card by saying it will only effect the rich. 

Obama has tried to project himself in many images, including that of Ronald Reagan, but he has more in common with F.D. Roosevelt. While FDR is remembered by many as the man who saved America from the great depression, there is evidence of this honor being misguided. As a matter of fact, under his presidency America suffered a second great depression which can be directly attributed to his misjudgements. FDR implemented the most severe taxes and regulations that America has ever seen. Thankfully, the supreme court knocked down some of his laws.

See, New Deal or Raw Deal: How FDR's Economic Legacy Has Damaged America by Burton Folsom Jr. (Amazon).

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