In response to:

At the Fiscal Cliff I Cry "Jump, Jump, Jump!"

Mellisa55 Wrote: Nov 13, 2012 9:11 AM
Certainly worse at Math than I am and I am pathetic. The truth is that I am so scared of what Obama & Obamacare is going to do that I have stopped spending any money I don't need to spend. No luxuries this year and I am going to inform all but family, no Christmas gifts. They are talking about taxing only the "rich" ... so, do you believe them? I don't. They will have to raise taxes ON everyone sooner or later - t hey can't spend trillions yearly and not come down to our income level... that and policies like destroying the coal industry will effect the price of electricity... add to that, Gas prices... its best to hold on to what I have. Better lean than hungry.

The most expensive tax in the history of the world has been proposed by the Obama administration and to hear them tell the story, you’d think the rest of us should be grateful.

“We want to create a global minimum tax,” said vice president Joe Biden, “because American taxpayers shouldn’t be providing a larger subsidy for investing abroad than investing at home.”

A global minimum tax is a tax on all profits made by nominally US companies that operate overseas. They operate overseas for various reasons, but one big reason is because corporate taxes are higher in...