Well, if we tax every penny earned by the rich (above $250,000 in income), then of course they will be paying their fare share and we will close the deficit. President Obama says taxing the rich in not class warfare – it’s math. Okay, let’s look at the math.
It is becoming well known that if we taxed all those folks making $250,000 and up at a 100% tax rate and took all their earnings each year, we would yield only $900B annually, but would still leave us short of the $1.65T annual deficit and no hope of paying down the $14 plus trillion debt.
Obama’s math simply does not work so this must be class warfare of a socialist. Keep in mind that President Obama’s parents were communists, by his own admission; his grandparents were communists, by his own admission; and his childhood/young adult mentor was a communist, by his own admission. Keep in mind that he only hung around with communists at Columbia, by his own admission. Keep in mind that share the wealth, pay their fare share, fat cats on wall street, and all his other phrases are the phrases of a communist or a socialist. Keep in mind that communist Russia was called the Union of Soviet Socialists Republics. Keep in mind that communists embrace socialism.
With all this in mind, is he steering economic solutions for a free market America or forcing us down a path to socialism?