Barack Obama: Dreams from my Father – 100 PERCENT INCOME TAX

Credit : http://www.apfn.org

Credit : http://www.apfn.org

Congress just passed a $700 billion “stimulus” package less than two weeks ago.

Today, the headlines read that the House just passed a $410 billion spending bill and that Obama is preparing a $634 billion health care fund.  All of this on top of Obama’s bold statement that he’ll cut the deficit in half by 2013.

How?

Well, you obviously know how.  What needs to be re-focused is Obama’s historical position on the concept of taxes, socialsim, and the purpose of government in general.  And we can get that from Dreams of My Father.  Allow me to point you to a posting from National Review…from AUGUST 2008 (i.e., plenty of time before the election to wake the voting public up).  I also encourage you to read the Investors Business Daily article this post references.

http://corner.nationalreview.com/post/?q=NGZiMGZlNGRiOWJjYzE5OTEwMWEwZWZhOTQzZjVjMTY=

“…high taxes are morally and practically good, if the government then uses them to provide for the people. How high should the tax rates be?  ”Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”  Yes, you read it: a 100% tax rate is fine.  Obama Sr. continued, ” It is a fallacy to say there is a limit (to tax rates), and it is a fallacy to rely mainly on individual free enterprise to get the savings.”

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