The argument for this is that these people are paying onerous payroll taxes; i.e., Social Security and Medicare. So the refunds are to offset those payments. The question that no one seems willing to ask Mr. Obama is this: Senator, are the Social Security and Medicare systems retirement plans or welfare programs? We keep being told that these programs are to take care of Americans when they retire and they were originally designed to take care of people who paid into the plans. Now people are being told they are going to get these benefits regardless of whether they paid into the programs in the first place.
Another question Mr. Obama needs to answer concerns the shrinking taxpayer’s rolls. We have built this country on shared responsibility. We have had a progressive tax system, but all Americans have shared the burden. Now we have a system where the top 5% of earners get 37% of the total earnings and 60% of the tax burden -- which is the highest rate in history. Mr. Obama wants to have those 5% of Americans pay even more of the overall load and exempt even more people from any taxes.
So I have some additional questions for the senator:
1. Mr. Obama, with over 50% of the voters paying almost nothing, what is to stop them from voting even more confiscatory tax rates upon the others who are paying?
2. When you are giving money out to an ever-larger share of the taxpayer population, what stops them from voting a greater payment to themselves?
3. Finally Senator, are you concerned that this structure will destroy our entire economic system and drive the high earners to other means or even other countries?
These are the questions that need to be asked Senator Obama. If he is not concerned I can tell you that I certainly am concerned - deeply concerned.