Class Warfare

You have to ask if the man can do simple math. Once the question would have been about free-market principles and economics, but now it is simple addition. His numbers never had up, but the emotional appeal is hard to deny.

Remember the campaign rhetoric about 95% of Americans getting a federal tax cut under his administration? With 46% of Americans paying no federal income tax at that time (it's up to 51% now,) that was an impossible statement.

Today we're getting this:

$1,500,000,000,000.00 in Tax Increases

But, don't worry, America. That will only be effecting the top 5% of Americans or so. All of you making forty or fifty thousand a year can continue your brisk pace of capital investment and job creation.

Reinforcing the belief that he has yet to have an original policy thought, the core of this massive tax increase come from mega-billionaire Warren Buffett who appears to be suffering advanced Alzheimer's. The idea is to raise capital gains tax from the present 15% to the top incremental income tax bracket of 35 or potentially 39% if the Bamster has his way.

That should effectively stifle investment motivation for a lot of people who will look to shift their capital off-shore for shelter. It also seems to ignore the fact that much of that capital investment which is being taxed comes from after-tax earnings. Sure, some is business expense, but a significant amount is earnings which the individual employs to grow his assets. It has been taxed once.

Yet we have plenty of evidence that the Messiah is concerned about improving relations with our allies as well as saving American jobs. That's why he is denying a bid from Taiwan for additional new F-16s to replace those in their aging self-defense fleet. He manages to both offend a staunch ally for the last 60 years, encourage Chinese expansionism, and put thousands of skilled American defense industry workers on the streets.

This guy knows how to lead.