Obama's Socialist Tax Plan Explained

Tax the rich, give the rich tax breaks? Blah blah blah. So who's BS'in who? For those of you without advanced degrees in economics watch this.

Category:

News & Politics

Tags:

• Obama
• Tax
• Plan
• Spread
• the
• wealth
• Biden
• political
• news
• economics
• tax
• rich
• 95%
• welfare
• plan
• socialism
• Marxism

[PacificCircle1]

Tax rate has been progressive (more income - more tax)

for many decades - never was called socailist during G W Bush's term!

[lifeforce218]

@VerHugeAss It makes sense to need a permit to have a make your own wine store, afterall it's alcohal right? I share a business opportunity where the membership is free, work from home (when the company is based in California), all the members do is use the product, advertise and share the same opportunity.

[MenwithHill]

So, if the amount of money the rich give is so big, stop cutting their taxes !!

[amyhuk]

@Welsh77 i thought only drug addicts and lazy assed 20 somethings who dont want to work and live off the govt dole their whole lives voted Democrat.

[amyhuk]

@Welsh77 it is a double edged sword because economic collapse is the only thing to get us out of the recession. as prices plummet people will buy like mad drunken sailers at all the cheap ass goods. which will stimulate production. and stimulated production creates jobs. and jobs creates disposable cash which people spend on goods and services . which stimulates production which creates more jobs. and people with disposable cash......the only ones who lose in economic collapse are jewish bankers

[Welsh77]

@markbotv3 the banks wouldn't have failed anyway, tarp was unnecessary but there were no negative effects, the loans were paid back with interest, we made money off of them. massive bank failures would be a disaster, we'd have another depression. we need to slowly curb our expansive monetary policy to stop inflation once and for all, but it can't be done overnight or else we'll have a monetary collapse

[Welsh77]

@IndyBearable our monetary policy is what is creating the disparity in the income distribution, not capitalism or free markets. forced wealth distribution will have disastrous effects. we need to have sound money and get back to pre-1914 with NO inflation, so the poorest citizens dont suffer such a regressive tax. keep voting democrat though, they push larger government to solve all problems, and that includes larger powers for the fed. wealth distribution has barely changed since 1983 btw

[Welsh77]

@greenkansas the effective tax rates for the rich are higher than they were back then, and they're higher than they were in the mid 80s. the top marginal rate and the % you actually pay are not the same thing

[liliodine]

I love it! LOL. Great example. Hopefully all the dipshits out there that think life owes them something will learn something. Dig the song, too! Good job!

[maxDSferris]

Cool... let's send them over seas!