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Wednesday, February 22, 2012

This is just plain stupid...and I'm not happy.

You know when I bring out my "jack ass" photo I am disgusted. Well, I am disgusted. Raising the dividend tax rate to an effective rate of 64.1% is whacky. But here we go. Don't blame China or India or anybody else for the destruction of American jobs. The president is doing a fine job all by himself. He does not give a tinker's damn about economic growth or job creation. He only wants to create his idea of a utopian society where everyone is equal and those who have skills and education and therefore employment take care of the rest of society. We are just about there. He only needs to figure out how to raise tax revenues as a percentage of GDP up to 25%. I think you are seeing his answer. Start liking it because he is going to get re-elected in November. Then America will get everything it deserves for that vile act. "From each according to their abilities to each according to their needs". This could not possibly be a more apt description of policy today. No, it is not in the Constitution. Rather it is the main thesis of The Communist Manifesto.

Have a great day comrades.

1 comment:

Derek P said...

Perhaps the dumbest part is to have dividends and capital gains taxed at a different rate. Since the stock price goes down by the amount of the dividend when the dividend is paid companies can simply eliminate the dividend and share holders can sell a few shares each quarter to generate cash flow at a lower tax rate.