Get Our Your Wallet
Posted: February 8, 2013
“More revenue?” CBS News’ Scott Pelley asked of President Obama during what is fast becoming a Super Sunday staple — the pre-game presidential interview.
Of course, more revenue is needed for this president to do what he wishes to do. But it’s not going to come from the same-ol’-same-ol’ pot-o’-gold.
What do we mean? Well, Mr. Obama is still flush with victory after a securing an income-tax rate increase for individuals and couples in the $400,000-$450,000 range of yearly remuneration. Been there already, done that.
Now, as the president told Mr. Pelley, he’s going after the “carried-interest” gang, the Warren Buffetts of the world.
Y’know, the people who live off their investment income and so are taxed accordingly ... at a much lower rate than wage-earners.
Those rates — on capital gains and dividend incomes, for example — have got to go up, if only to fulfill Mr. Obama’s alleged goal: “to make sure the system is fair and transparent.” That, we suppose, is what all the redistributionists say.
There’s a certain Pastor Martin Niemoller “First-They-Came-For ...” tinge to all this. With this latest declaration, made calmly in an almost offhand way on Super Bowl Sunday, it’s become all too clear that Mr. Obama will leave no pot-o’-gold unexplored as he merrily Pied-Pipers the nation toward insolvency.
Of course, more revenue is needed for this president to do what he wishes to do. But it’s not going to come from the same-ol’-same-ol’ pot-o’-gold.
What do we mean? Well, Mr. Obama is still flush with victory after a securing an income-tax rate increase for individuals and couples in the $400,000-$450,000 range of yearly remuneration. Been there already, done that.
Now, as the president told Mr. Pelley, he’s going after the “carried-interest” gang, the Warren Buffetts of the world.
Y’know, the people who live off their investment income and so are taxed accordingly ... at a much lower rate than wage-earners.
Those rates — on capital gains and dividend incomes, for example — have got to go up, if only to fulfill Mr. Obama’s alleged goal: “to make sure the system is fair and transparent.” That, we suppose, is what all the redistributionists say.
There’s a certain Pastor Martin Niemoller “First-They-Came-For ...” tinge to all this. With this latest declaration, made calmly in an almost offhand way on Super Bowl Sunday, it’s become all too clear that Mr. Obama will leave no pot-o’-gold unexplored as he merrily Pied-Pipers the nation toward insolvency.