Taxing the Rich...This Time for Healthcare
The pot of gold is about to run out on democrats…that is, taxing the rich to pay for things that other people aren’t willing to pay for. For the latest, check out this link: http://news.yahoo.com/s/ap/20090709/ap_on_go_co/us_health_care_overhaul
The rich don’t have a never ending pot of gold. People like me are considered rich, yet we run small businesses that have to lay off employees and cut back on investments in order to shoulder our currently high tax burden, let alone all of the new increases being proposed.
That means fewer jobs, lower tax revenues (people who work pay taxes—if I don’t hire them or keep them they don’t pay taxes) and higher entitlement spending for things like unemployment—they’ll be collecting when they get laid off.
Our current administration, and democrats in general, are clueless to the realities of all of these incremental taxes. The republicans blew it as well, but seem to be getting the idea of fiscal responsibility again.
