Obama is constantly talking about how he wants to tax the wealthy.
It’s become a deviously effective form of mind control.
By appearing to punish the wealthy, he gets the masses on his side, which gives him free reign to manipulate the country. And the lazy media lets him get away with his duplicity.
In reality, his policies don’t target the wealthy at all. Instead, they take aim at hardworking Americans.
The Difference Between Income and Wealth
First, let’s make the distinction between income and wealth perfectly clear: Income is earned, while wealth is amassed.
And both are taxed very differently.
France, for instance, taxes wealth. You add up how much wealth you have, and you pay a percentage of it to the government. Simple.
But in America, we have Warren Buffett who owns 26,675,175 shares of Berkshire Hathaway (BRK.A). With the stock trading at $212,000 a share, he boasts a $70-billion-plus value.
Since Berkshire doesn’t pay dividends, there’s no personal income associated with this massive holding. Therefore, Buffett never has to contribute a single penny of his $70 billion towards taxes.
Yet, somehow, our government leaders have convinced the country that they tax wealth.
But it’s income that they tax – income produced by our hardworking mechanics, doctors, educators, hotel managers, and taxi cab drivers…
Obama’s Logic (Or Lack Thereof) Behind Taxes
So why doesn’t Obama tax the wealthy? Because they fund political campaigns.
People like Buffett, as well as hedge fund managers and private equity gurus, don’t want a tax on wealth.
Truthfully, they chuckle under their breath that Americans are too dumb to understand the difference.
And one of the biggest problems with this clandestine alignment is that our process of taxing income hurts small business.
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Over the last 30 years, small business has produced over 100% of the new jobs in America.
Businesses over five years old rarely create new jobs. They’ll create jobs in one department and often cut jobs in another division at the same time. One of big business’ favorite tricks is to buy a similar business, combine the businesses, and then make the employees work harder as they eliminate jobs.
This ends up suppressing the little man.
Indeed, as the wealthy amass millions upon millions, they sit happily. But when you put in more hours on the job, you are constantly penalized with a higher and higher tax bracket.
More Work, Less Pay
In hindsight, Obama’s sly double-talk is really aimed at controlling and enslaving the backbone of America…
Last night, former Governor Mike Huckabee told me a story that made my blood boil.
When visiting a factory, he met a machinist who was trying to put his daughter through grad school at Cornell University. Since the school costs over $50,000 a year, he decided to double up on his shifts to help her pay. He was willing to make this sacrifice in order to help his daughter get ahead and have a better life.
When his next pay check arrived, this machinist was shocked to find that he didn’t make double the money for double the work. Because the government taxes income instead of wealth, the machinist found himself working a daily shift of 16 hours a day, and realized that he was making only 30% more money after tax income.
Why? The federal government came in and took the rest of the money from his extra labor. They jammed him into a higher tax bracket.
Governor Huckabee told the machinist, “Don’t you realize if you want to help your daughter, you don’t work twice as hard? Instead, if you quit the original job you had and sat at home watching TV, your daughter would then qualify for a bunch of government aid she doesn’t get now because you work.”
There’s something wrong with a system that punishes productive people and rewards those who don’t work.
Until this changes, America is screwed (and most don’t even know it).
Your eyes on the Hill,