Make the Rich pay for it—For decades this has been the “modus operandi” of politicians and public figures officials who rely on unsustainable government growth and skyrocketing taxpayer debt to pad their patronage and expand their influence. It’s also the driving force behind House Ways & Means Committee Chairman Charles Rangel, new “health care surtax” which the New York Democrat says will raise $540 Billion Dollars over the next 10 years to pay for ObamaCare.
Who would end up paying for Rangel’s surtax? All joint filers making over $350,000—before deductions, also the surtax applies to all forms of income, including wages, dividends and capital gains.
This latest “bleed the moderately rich” scam, comes from a tried and true, big government playbook. In fact, its every bit as predictable as the blooming of the cherry blossoms, the naming of another Government Czar or whichever beltway sex scandal is dominating the cocktail parties chatter and like countless other government schemes of its kind, it will no doubt be communicated to middle class mail boxes or television sets via slick advertisements that invoke how wealthy Americans are enjoying “faster jets or bigger swimming pools” while poor people “lay starving in the streets.”
Sound familiar?
Rest here from Howard Rich
H/T: Americans For Limited Government—Get Liberty.org