HolyCoast: Economic Headlines of the Day

Wednesday, February 22, 2012

Economic Headlines of the Day

From Drudge:
Obama's tax rate on dividends to soar to 44.8%...

Retirees to get hammered...

JARRETT: Unemployment Stimulates the Economy... 

Percentage of Americans who pay no tax hits 49.5...
And since liberals never learn, let's just review what happens when tax rates rise:
Tax revenue plunges in UK after 50% rate implemented...
It happens that way every time. Whatever you tax you get less of.  And raising tax rates is not so much about raising revenue as it is about punishing success.

And we are now teetering on the precipice of having a majority of people who do not pay income taxes.  Who do you think they're going to vote for, the party that promises to keep them on the dole, or the party that promises to change it?

And I thought Obama wanted everyone to pay their "fair share"?

1 comment:

Larry said...

What's scary is that the Heritage chart ramps up so rapidly -like a ship that loses it's buoyancy and sinks with a kerplunk!

Good thing James Cameron got in his New Zealand lifeboat.