Another Take On The Obama Tax Plan!!
By rodney850
@rodney850 (2145)
United States
October 29, 2008 9:17am CST
Barack Obama has plans to increase taxes on the wealthy to "spread the wealth around"! This is a fallacy of the greatest magnitude! Thomas Sowell, in the following article, gives explaination of just how everybody suffers when these type of taxes are levied. Not just the one who pays the taxes but everyone, even the poor, suffer! Here is the article:
http://townhall.com/columnists/ThomasSowell/2008/10/29/taxing_times
3 responses
@Destiny007 (5805)
• United States
29 Oct 08
Once again Sowell is correct.
The liberals and 0bama supporters somehow can't seem to make the connection between taxes and costs increases of goods and services.
The same rules apply everytime minimum wages are forced upwards, which is another communist idea.
When wages are increased, the price of goods and services also increase to counter the added costs of doing business. Only a liberal fails to see something as obvious as that.
@newtondak (3946)
• United States
29 Oct 08
These kinds of programs have resulted in making a good percentage of the population dependent on the government. The recipients have learned to work the system to their benefit - they know the loopholes that permit them to get the maximum amounts and to continue getting them and don't ever even attempt to get off of them.
