Tax increases
Let’s start with taxes. While the fiscal cliff issue must be resolved, you can rest assured that taxes will absolutely be going up for the evil rich. It’s a drop-dead certainty. I mean, the day after the election we have Harry Reid making this completely mindless statement:
“The president campaigned around the country saying, ‘We know what the problems are with this fiscal problem. We just need some revenue,’” Reid said. “That was the issue. The mandate was look at all the exit polls, look at all the polling, the vast majority of the American people, rich, poor, everybody agrees that the rich — richest of the rich have to help a little bit.”He’s right … the American people bought this lie, this absurdity, that our fiscal troubles could be solved simply by taxing the rich! We’ve been through that dog-and-pony show before. You could take all of the income of the evil rich, all of the assets (wealth) of the evil millionaires and billionaires and all of the profits from the top Fortune 500 companies and it wouldn’t even be enough to run our government for one stinking year. In fact, the CBO just released some new statistics. Tax revenues collected by the federal government were up in 2012 – they increased! – and that includes a 34% increase in taxes collected from evil corporations. So while tax revenues increased, defense spending decreased. Are you with me? Less money spent on defense and more money coming into the government …. and yet Barack Obama STILL managed to rack up a $1 trillion deficit! That means that we spent $1 trillion more than we took in in revenues. You have to go back to 1946 to find that kind of deficit spending. Simply put: The Democrats are full of Bolshoi when they tell you that our problems are revenue.
A Wealth Tax
I’ve mentioned this before. In fact, I’ve been talking about it for 18 years. When Clinton had full control of the federal government his staffers started work on a plan to levy a tax on the outstanding balances in various retirement plans and pensions, like IRAs and 401K plans. These wealth taxes were set aside when the Republicans took control of the congress. My guess is there coming back. This afternoon Dear Ruler will be talking to his myrmidons about the so-called “fiscal cliff.” He almost certainly will tell us that the wealthy need to pay “their fair share” or “a little more.” He has hammered this theme now for the entirety of his political life. So trust me on this one --- even though you may have stopped earning income. If you’re wealthy, this man is coming after you. Be ready.
The Second Amendment
Just one day after winning re-election, Barack Obama and his administration moved to re-open talks in the United Nations over the global arms treaty. What sort of sovereignty would our Constitution and Bill of Rights enjoy at the hands of international demands for us to register firearms and comply with global gun laws?
Cap-and-Trade
Harry Reid is ready to move on greenhouse gas legislation, otherwise known as cap-and-trade. He says that “Climate change is an extremely important issue for me and I hope we can address it reasonably.” Well isn’t that special? But it isn’t just Harry Reid’s pet project. Clearly we know of the EPA regulations that are now certain to befall this nation and particularly our coal industry. And did you know that the US Treasury has sponsored a major tax study on ways to link the tax code to carbon emissions? Taxes on emissions are a certainty unless Republicans in the House can put up enough of a fight.
Russia’s Flexibility
Russia is already flexing its muscles. Just two days after the election, Russia’s Deputy Prime Minister goes and tells an international conference that he hopes Obama is mindful of his promise to give Russia “flexibility,” particularly on the issue of the US missile defense shield.
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