HOPE ON PROJECT - continued

Part 10 - Income Taxes (from Boring Made Dull)

No, you won't get to keep the change.

Well, what happens when we elect a President and Congress pledged to raise taxes?

Recession. And if they raise them enough, toss in some protectionist legislation, and near compulsory unionization for good measure, depression.

And what exactly does “share the wealth” mean? It means that some bureaucrat whispers to some politician in Washington how much of the income of your work you’ll be allowed to keep. Disagree? Well, sharing under the Obama plan means that the IRS and courts will have you tossed in chokey. Question The One? At minimum, some minor state official will be trolling through your records looking for dirt.

On the specifics of The One’s tax plan, Steven Malanga in Real Clear Markets notes that the primary question is where does wealth originate? With the State, or with the People? It’s the people. Free citizens and free markets produce wealth. Governments take a portion of that wealth in taxes, for some legitimate purposes (police, firefighters, national defense, courts), and some illegitimate (bridges to nowhere, Fannie Mae / Freddie Mac, ACORN, etc.), but they don’t create wealth. Wealth must be created in order to be taxed.

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Part 11 - The Anti-Reagan (from Darke Blog)

The record is clear that Reagan cuts taxes across the board, reduced the size of government, and ushered in an extended period of economic propsperity. But those on the other end of the political spectrum can't (or won't) accept these lessons of history. Mention "Reagan" to a liberal and you will start an argument. Mention "trickle down" and you might have a fight on your hands.

Barack Obama ignores history by promising higher taxes to those who have annual income over $250,000. Or mabye $200,000? Or $150,000? And at the same time he is promising these higher taxes, he is also proposing massive new spending, including the biggest entitlement of them all - national health care (if you don't believe me, catch the rerun of Obama's 30-minute informercial). These policies are poor in good economic times - right now, they are a recipe for disaster.

Barack Obama going forward will be the same Barack Obama we've seen in the past. Higher taxes. New programs. Big spending. Liberal policies. He truly is the Anti-Reagan.

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Let's Never Find Out Series:

Part 1 - The Mortgage Meltdown and Obama
Part 2 - Drill, Baby, Drill
Part 3 - Punished
Part 4 - The One: He's Not Just the Messiah; He's a Socialist
Part 5 - Earmarks
Part 6 - Chicken Button
Part 7 - Trust
Part 8 - Middle Class
Part 9 - Not This Time

I contend that the arguments are unassailable and, unless one has consumed the Kool-Aid of hope and change, enough reasons to vote against Barack Obama.

Visit the links and see for yourself.