Tax Hikes on Millionaires: Irrational and Foolish

Once again President Obama and the Democrats seek to stimulate the base human emotions of envy and resentment by demanding a surtax on “millionaires,” this time to “pay for” another year of temporary reduction in the Social Security payroll tax.  But it doesn’t really matter what they say the tax will “pay for.”  They always […]

Harry Reid is Either Ignorant or Lying

Speaking from the floor of the United States Senate yesterday, Majority Leader Harry Reid resorted to an outright lie to sell his plan to increase tax rates on high income business owners and investors: Senate Republicans…oppose our plan [for] a tiny sur-tax on on a tiny fraction of America’s highet earners…Republicans call our plan a […]

Millionaire Tax: Obama Stirs Emotion, Ignores History

In his speech and in the “plan” he sent Congress President Obama sought to improve his reelection chances by stimulating the base human emotions of envy and resentment when he demanded that Congress enact punitive tax hikes on Americans with million dollar incomes. Encouraging voters to blame their anxieties, fears and financial stress on the […]

Obama Teleprompter Malfunction

President Obama stepped in front of the cameras in the white House Rose Garden and gave an angry speech to promote his “plan for deficit reduction.”   But two, contradictory segments from his remarks are typical of the chaotic lack of focus and consistency usually associated with politics, not serious policy debate. Most of the speech […]

Millionaires Vanishing: Are Progressives Satisfied Yet?

One of the Progressive Movement’s core doctrines is that the economy is a zero sum battle ground where the rich face off against middle class workers with one side enjoying greater prosperity only at the expense of the other.  But in reality their interests are in harmony and their fortunes rise and fall together. The […]

Malarkey from Millionaires

Can you spare a few bucks to help disadvantaged millionaires pay higher taxes? Recently, in coordination with President Obama’s renewed calls for a tax hike, the political-media establishment revived one it’s more absurd scams, “millionaires” complaining that the tax system doesn’t take enough of their income.  It’s absurd because a millionaire, indeed any taxpayer, is […]

ObamaNomics Vs The Truth

Click on the button for more ObamaNomics coverage In his stump speech in Des Moines, Iowa this morning Barack Obama bellowed: The last thing we need now is four more years of the tired old policy that says we should give more and more money to Millionaires… Senators Obama and Biden and their various surrogates […]