Obama's Tax Plan Defined

Last night during the Obamessiah's Greek Temple speech he promised America “I will cut taxes - cut taxes - for 95 per cent of all working families." First of all, that's not even possible because nearly 50% of people don't pay taxes now. In fact, a surprising number of them get back money they never paid in.

However, what if you're in that dreaded top 5%. What Obama is really saying is that it's not your job to do well and enrich yourself and your family, it's your job to pay for all the other Americans. If you amass an estate worth more than $3.5 million, Obama will take 45% of it when you die. What has the federal government done to deserve that money?

Obama's plan is disguised as "fairness", but nothing could be further from the truth. Fairness is each American contributing an equal percentage to the federal treasury. Fairness is not placing an inordinate burden on the producers of this country. What incentive will there be for people to excel? What incentive will there be to make capital improvements or expansions that might push your income up to a level where punitive taxes kick in?

Obama's tax plan is a plan for failure.