We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Bob Brinker noted on the radio today that many Americans would find themselves in the 64% tax rate in some states, such as NY, MA, and California, with Obama's Social Security and tax plan.
Brinker said, correctly, that few Americans are willing to work for 36 cents on the dollar unless they are desperate. The entrepreneurs and job-creators would go fishin' or golfin', and cut back hard on their expenses. Thus, on the tax income, job-creation, charitable donation, and consumer sides, the economy would go into an ugly spasm and a downward spiral. "It's nuts," says Bob (who is a political "moderate"). I, for one, would retire immediately and remove my income from the tax rolls: I enjoy my work very much, but I won't be a chump, or a serf or slave to the Federal government. I thought we left feudalism behind us...I think we already had a war about that.
Russia now has a 13% flat tax on everybody, on all income. I would be OK with that. How can they be ahead of us?
Off topic, Charlton Heston said, before his decline, "I'd like to be remembered as: American, husband, father, actor."
All Obama would need to do to create a depression in addition to his tax and spending plans is to call for reparations for the sins of slavery - another massive confiscation and distribution of wealth. Not Mugabe, but ....................
We have a $3 trillion budget. For anyone who wants to hear, we do not have a revenue problem. We have a spending problem and the heart of that problem is entitlement spending of all kinds.