Archive for July, 2009

Jul 07 2009


Published by under News,Opinion

While researching my previous post regarding how I can’t afford to live in New York, I came across this related article concerning how billionaire Tom Golisano was leaving New York to avoid paying the insane income taxes on the rich – the so-called “Millionaire’s Tax” which increased personal income taxes on those making $500K or more from 6.85% to 8.97% – a tax hike of 30%. While this exodus of the rich is no real surprise – the article has this tantilizing tidbit:

Working Families Party Executive Director Dan Cantor, who championed the tax hike, called Golisano’s move “selfish.”

Which is exactly what Obama said when he was criticized about his open policy for taxing the rich. In other words, if you work hard and innovate and make a lot of money then you are punished with higher taxes, and if you don’t like it, you are vilified as being “selfish.”  However, if you don’t work, don’t create jobs (or even have a job,) and/or leach off the public teet, then you’re “underprivileged” and “deserving.” This is just the kind of person Obama speaks to in order to buy votes. Make no mistake, while Obama’s policies seem progressive (the more you have the more you pay) they are really regressive (the less you have the more you end up paying) because all those extra costs being heaped on the top will trickle down to the lowest.

Obama promised not to increase taxes on those making less than $250K a year. He can probably do that by increasing the costs of most everything else. When the punchline is that the government has more of your money, it makes no difference whether it was taken from you through higher taxes or higher fees, cost of living, energy costs, indirect costs from more regulation, corruption, and the list goes on and on.

And now, Al Franken the most liberal idiot to ever defile the airwaves has been sworn in today.

You all should be very, very, afraid.

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