Obama also famously stated that he planned to "spread the wealth around". Everyone took this to mean "open season on rich people". Even middle class people believed that this is what he meant. But the truth is showing in the US and around the world that this is not the case at all. There simply is not enough wealth in the rich to make much of a difference for the poor. The math does not allow for fleecing the rich to pay for social programs. French Socialist Idiots (Fridiots) are now figuring this out as you can read about in a recent post by Mish. A quote from the article:, "“There’s no more room to raise taxes,” said Laurent Dubois, a professor at the Institute of Political Studies in Paris. “The French feel taxes are going up and purchasing power is going down. They voted for Hollande thinking they’d afford austerity; that the rich would pay. They realize now that that’s not possible. There aren’t enough rich people.”
“There’s no more room to raise taxes,” said Laurent Dubois, a
professor at the Institute of Political Studies in Paris. “The French feel taxes
are going up and purchasing power is going down. They voted for Hollande
thinking they’d afford austerity; that the rich would pay. They realize now that
that’s not possible. There aren’t enough rich people.”
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
“There’s no more room to raise taxes,” said Laurent Dubois, a
professor at the Institute of Political Studies in Paris. “The French feel taxes
are going up and purchasing power is going down. They voted for Hollande
thinking they’d afford austerity; that the rich would pay. They realize now that
that’s not possible. There aren’t enough rich people.”
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
“There’s no more room to raise taxes,” said Laurent Dubois, a
professor at the Institute of Political Studies in Paris. “The French feel taxes
are going up and purchasing power is going down. They voted for Hollande
thinking they’d afford austerity; that the rich would pay. They realize now that
that’s not possible. There aren’t enough rich people.”
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
“There’s no more room to raise taxes,” said Laurent Dubois, a
professor at the Institute of Political Studies in Paris. “The French feel taxes
are going up and purchasing power is going down. They voted for Hollande
thinking they’d afford austerity; that the rich would pay. They realize now that
that’s not possible. There aren’t enough rich people.”
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
Read more at http://globaleconomicanalysis.blogspot.com/2013/10/hollandes-tax-everything-plan-blows-sky.html#2CjU8Uks3eEjmXbb.99
Well DUH, bozos!! Why is it that you could not do the math beforehand? Why did you have to take the world down this corrupt path? This directly relates back to my prior posts on Americans who are just now waking up to the truth. There simply are not enough rich people to steal from in order to pay for transfer programs to the poor in order for politicians to buy their votes. It requires the fleecing of and the destruction of the middle class in order to do this. OBAMA KNOWS THIS and he always has known it. All socialists know this. So does every libertarian.
There is a major problem with Obama's plan to wipe out the US middle class. Poor people have generally found ways to be content being poor. They can remain poor indefinitely without it being too much of a problem as long as they can feed and breed. Besides, if they get angry all they can do is riot and throw rocks. But the American middle class is past that point and I think it will not devolve happily. Too many Americans work too many hours to just not care if they get impoverished by the heavy hand of government "wealth leveling". In addition, these same Americans are heavily armed. They are far from helpless and they will only take so much. It is not in the nature of the American worker to just lie there and take it forever.
Here is, one last time, one of my favorite links which is to a video of the "Battle at Kruger". I like this video so much because it shows a real life depiction of the herd vs. the predators. At the start of the video, the herd of water buffaloes is walking along calmly when the leader sees some lions resting in front of them. The lions see a young member in the herd. Sensing an easy meal, the lions run into the herd with a "shock and awe" attack. This produces the desired panic which the lions then use to pick out the young calf. They begin to kill it when the broader herd finally figures out that it has been routed by a few measly lions, each of which is only a fraction of the size of any adult herd member. Needless to say, the lions get their asses kicked hard once the herd remembers this simple fact.
And so, I fear, it shall be for the American middle class once they come across some catalyzing moment in the not too distant future.
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