People need to re-think how they think about progressives. For example, the Buffett rule, which is already dead in the water because even Democrats won’t support it, would only generate enough tax revenue to pay 0.375% of the 1.2 Trillion dollar estimated annual deficit. That’s for this year. (0.375%) Using history as a guide, even if implemented, that percentage would go down because the number of people the legislation taxes will go down. If you tax it you get less of it. They will leave, move their money, or no longer make enough. And if Obama gets re-elected, well, the deficit will go up and the percentage down. (Don’t worry–the left has a plan for that).
The “increased tax eventually leads to diminishing returns” rule is one that Democrats willingly ignore for the sake of rhetoric, sound bites, election politics, (as a matter of policy in general), and let’s be honest here–to use class-warfare-angry-minority-mob-rule populism to implement yet another new tax that the Democrats can later broaden to affect more and more people, including people who are not at all rich, probably because they were actually dumb enough to support this tax now.
If you do not change how you think about progressive motivations you will pay the price.
But let’s forget that for a moment and consider this question. How much of our money has been wasted by Congress, and Obama, on this pointless, campaign, side-show, talking points, class-warfare, useless piece of crap legislation, that will never amount to even 1/2 of 1% of the current level of Democrat driven deficit spending?
What if it cost more in wasted time and effort to pass it than it would bring in?
It is probably not the case but do you understand that Obama could care less if that were true? He is more than happy to use the congress you are paying for, with the help of his Democrat allies, for more campaign rhetoric. He could care less about the rest of it, it’s like his budgets–expensive class-warfare nonsense, whose goal is not equality, or fairness, but the accumulation and centralization of power.
