The Absurd Report

Like you never fight a war with a weapon you don’t have, you never make an investment with funds you don’t have. Yet Barack Obama has said his plan to raise the tax on dividends and capital gains by 66% from 15% to 25% should not affect “investment decisions.” And your local version of Pravda treats this absurdity as gospel from heaven. They pawn this off as revenge of the people against those with capital who have been investing such savings growing the economy, starting and expanding businesses and creating new jobs.

And who are the hardest hit by raising taxes and crippling investment capital - of course the least fortunate in society as their economic opportunities are the first to be reduced by a lack of funding.

Another trick the Obamas use is the claim they are only going to tax those making more than $250,000 a year. Now if you think about it the object in a capitalist economy is to climb the ladder of success and create businesses and employ people to make America and yourself more prosperous. Now Obama wants to cut the water off for those people making the American economy work and give great sums to the government to waste on the unproductive programs they have instituted over the last 70 years.

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Tags: Economy

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