Wednesday, July 16, 2014

Obama whining about "inversions"

Wednesday, July 16, 2014

Obama whining about "inversions"

 
To the Editor:
As American companies bail out of the US owing to the outrageous tax rates, we can count on the President to:
  • impugn the patriotism of the companies
  • imply that their bailing out, and failing to pay their "fair share" means the rest of us will have to pay more in taxes!  (which is nonsense, but there’s no arguing with the English majors up from the NGOs whose only exposure to economics has been from Marxist “community organizers”).
  • call for legislation to stop it.
It is noteworthy that the sensible course of action, cutting the tax rate, is not even on the table. If such a course were broached, the President's Marxist Progressive base would howl "caving in to the fat cats!"


Understand, that the Marxist Progressives wish to destroy the private sector in its entirety!  Under their "labor value theory", any profit is "exploitation", and the only "just" course is for "the workers to own the means of production". This means transforming the American economy into an overstaffed, inefficient quagmire such as we saw in the Soviet Union.


And as the President implements such steps, (probably by executive order), the economy , the  markets, and our standard of living will tank. Everyone's IRA's and 401K's will fast disappear. The President will propose confiscating them to "protect everyone's retirement", resulting in the equity you once  had  being transformed into Government certificates.   This will make excellent toilet paper with which to wipe out the white middle class!


But as the President's and Hillary Clinton's mentor Sol Alinsky once said: "it's better to rule in hell than serve in heaven".  It is fast becoming so.
 
Dave Petteys
Roxborough, CO 80125
720 922 9092
 

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