Thursday, February 26, 2009
Obama’s Planned Tax Would Hit Highest Earners Hardest
It's really sad how the "deficit terrorist" mentality has taken hold of all our policy.
Obama's plan to have high earners pay for health care displays a belief that the Federal Government doesn't have the "means" to invest in health care. So it is prepared to extract the means (the government's own money!) from a group of its citizens.
Taking from wealthy people to support universal health care will not only produce fiscal drag (or detract by an equal amount from the positive effects of higher spending in this industry), but it will also create enmity between high income people and those less fortunate. It will fracture society.
It's once again an example of a well meaning idea (universal health care) brought about with terrible policy.
With the passing of each and every day we see policies that will result in the long-term stagnation of our economy: A perpetual living beneath our means. It will ensure a generational decline in the standard of living of the citizens of our nation. This needless loss of wealth and the increased poverty that will accompany it, is the real heritage left to our future generations.