Republicans in Congress screwed up big time in voting for President Barack Obama’s tax hike on Americans. All in the name of letting Obama “have his way” in sticking it to the rich, the deal to avert the country’s cliff dive doesn’t do anything but stall the country’s fall for another two months.
Progressivism in America has always been a thuggish ideology. It rests on the notion that laws require no evidence to support their implementation, that intentions are all that matter and that those who oppose "change" of the sort progressives like are morally deficient.
President Obama will kick off the new year the same way that he kicked off the old year: by demanding that the wealthy pay their "fair share" in taxes.
When Socialist President Francois Hollande took office, he swiftly made good on his pledge to raise the top tax rate on Frenchmen who earn a million euros a year -- to 75 percent.
Comedian Adam Carolla has never been one to censor what comes out of his mouth. The gift of gab took him from humble beginnings in economically destitute North Hollywood to dizzying heights inthe entertainment industry, where he could afford to move a few miles away.
President Barack Obama in 2008, and again during the 2012 election, promised absolutely, positively no tax hikes on the middle class. The rich, however, must pay more: "It's not me being stubborn, it's not me being partisan -- it's just a matter of math."
Republicans have been forced into a Hobson's choice of either letting the Bush tax cuts expire for everyone or agreeing to a tax hike on the top 2 percent of income earners (not to be confused with "the rich," who have already made, inherited or married their money).
With all the talk about taxing the rich, we hear very little talk about taxing the poor. Yet the marginal tax rate on someone living in poverty can sometimes be higher than the marginal tax rate on millionaires.
"I'm in the top two percent," said Peter Schiff, CEO of Euro Pacific Capital, this week on CNBC. "Right now, I'm paying 45 percent of my total income in income taxes ... You tell me, what's fair about that when medieval serfs pay 25 percent, I'm paying half? I don't care what the majority voted to do, they don't have a right to steal my money just because they vote for it."
Did you see the story about Costco borrowing $3.5 billion to pay a special $7 a share dividend to its stockholders before year's end to avoid being hit by President Obama's higher tax on investors?
One might have thought the campaign season was over, but in fact a new campaign is beginning. This was made clear with the president's trip to what was billed as a "middle class family home" to talk fiscal cliff and tax policy.
I'm in the camp that believes Republicans have no choice but to agree to raise taxes on the top 2 percent of earners. The party has been successfully caricatured as the servant of the rich. This is unjust, yes, but justice is imperfect in this life.
It's possible to have a strong hand and still overplay it. As Republicans see things, that's what President Obama is doing in the “fiscal cliff” negotiations.
Peter Schiff, CEO of Euro Pacific Capital, asks the CNBC panel, "What's fair about that when medieval serfs pay 25%, I'm paying half?
Message for wealth-bashing millionaire actor Ed Asner: Man up and take responsibility for lying to America's schoolchildren.
Ah, the hypocrisy of tax-hikers who do everything they can to avoid the taxes they wish to impose on others.
A new video produced by the California Federation of Teachers – which could be playing in your child’s classroom as we speak – drums up the typical class warfare images we've come to expect from Big Labor.