Saturday, December 01, 2012

Obama Crosses the Alps w/Visa

Ann Coulter gets it:

Raising taxes only on the top 2 percent of income earners will do nothing to reduce the deficit. There's not enough money there -- even assuming, contrary to all known history, that the top 2 percent won't find ways to reduce their taxable income or that the imaginary increased government revenue would be applied to deficit reduction, anyway.

Apart from Obamacare, it's difficult to think of a more effective method of destroying jobs than raising taxes on "the rich." This isn't a wealth tax on useless gigolos like John Kerry -- it's an income tax on people who are currently engaged in some profitable enterprise. Their business profits, which could have been used to hire more employees, will instead be used to pay the government.

But Republicans are over a barrel. Unless Republicans and Democrats reach an agreement, the Bush tax cuts expire at the end of the year. By pushing to extend the tax cuts for everyone except "the rich," Democrats get to look like champions of middle class tax cuts and Republicans can be portrayed as caring only about the rich.

And when the economy tanks, the Non-Fox Media will blame Republicans.

The economy will tank because, as you will recall, Obama is still president. Government rules, regulations, restrictions, forms and inspections are about to drown the productive sector. Obamacare is descending on job creators like a fly swatter on a gnat. Obama has already managed to produce the only "recovery" that is worse than the preceding recession since the Great Depression. And he says, "You ain't seen nothing yet."

The coming economic collapse is written in the stars, but if Republicans "obstruct" the Democrats by blocking tax hikes on top income earners, they're going to take 100 percent of the blame for the Obama economy.

She's right. I see no way to avoid worse times. It's going to happen, so give him his greedy little grab and let him own the whole collapse.

I expect he'll discover sometime next summer that the rich still aren't paying their fair share, but let's cross that bridge when we come to it. (btw- what is "fair"? I think we should give thanks to the upper wage earners for the tax they're paying now. Painting them as unfair may win the votes of the unintelligent and envious, but isn't it a little, uh, unfair?)