President Obama and other members of the Destructive Party keep telling us that they only want to raise taxes on “millionaires” making more than $250,000. We all know that there aren’t enough rich people in the United States to cover the spending of the federal government that grows exponentially every year. What the Destructive Party isn’t telling people is that the only way they will balance the ever-growing budget is to tax the middle class. As the cartoon above demonstrates, the rich are just an appetizer before they move along to the main course that is the middle class.
Daniel Mitchell debated some guy from a left wing think tank, and the leftist was refreshingly honest about the goal of the left. He said “The big money is in those middle class tax cuts,” meaning he wants to let all of the Bush tax cuts expire and raise taxes on everyone. For the average middle class family this would mean a tax hike of between $3,000 and $4,000 per year, or at least the ones that still have jobs. But if the government continues spending money like it has been over the past four years the middle class tax obligation will rise along with it. If they have their way we’ll all be made poor under some guise of “fairness.”
Mitchell added that this guy isn’t the only one calling for higher middle class taxes.
But I’m also amazed that anyone believes Obama isn’t going to screw the middle class as well. The simple reality is that there aren’t enough rich people to finance big government.
There are some honest folks on the left who admit that they want ordinary people on the chopping block.
- The New York Times endorsed higher taxes on the middle class in 2010.
- The then-House Majority Leader Steny Hoyer also gave a green light that year to higher taxes on the middle class.
- Earlier this year, MIT professor and former IMF official Simon Johnson argued that the middle class should pay more tax.
- The Washington Post also called for higher taxes on the middle class this year, as did Vice President Joe Biden’s former economist.
- A New York Times columnist also called for broad-based tax hikes on the middle class this year.
Another point made by Mitchell is that the only way to balance the budget is to stop spending so much money. Anyone who can do math understands this, unfortunately, the people in charge aren’t very good at math.
Update: Linked by The Pirate’s Cove – thanks!