Oracle of Liberty

Constitutional Liberty and Economic Common Sense

Tea Party Day!


Here is the state to where we are heading…in fact, we are already there on 2 accounts. Obama has rescinded George Bush’s halt to US aid funding abortions worldwide. So now US taxpayer money is funding these acts worldwide. The welfare state is at the point that a new release of data shows that nearly 50% of all Americans pay $0.00 in income taxes and the top 10% of wage earners pay almost 75% of the tax revenue to the government. We don’t need redistribution of wealth, it appears we need redistribution of poverty.
Today is TEA party day and is not republican vs democrat. It’s to be a demonstration of any American who feels that the country is heading in the wrong direction and that the government will raise taxes more and more to pay for the massive spending imposed on all US citizens in the passage of the stimulus, tarp, and budget bills.

Obama wants to ‘Reduce the taxes on working Americans’ but this implication hints at the underbelly of his logic…that wealthy Americans didn’t or don’t work or are lazy. Please read this article from Ari Fleischer who does an eloquent job of detailing in elementary fashion the giant complicated problem that is at the vortex of our economy. Here is an exert to get your attention

According to the CBO, those who made less than $44,300 in 2001 — 60% of the country — paid a paltry 3.3% of all income taxes. By 2005, almost all of them were excused from paying any income tax. They paid less than 1% of the income tax burden. Their share shrank even when taking into account the payroll tax. In 2001, the bottom 60% paid 16.3% of all taxes; by 2005 their share was down to 14.3%. All the while, this large group of voters made 25.8% of the nation’s income.

http://online.wsj.com/article/SB123958260423012269.html?mod=relevancy

If you are in opposition to the massive spending and ultimate taxation (unfair to tax the smallest % of the population the most amount of money while almost 50% of American’s pay no income taxes) then please go out and protest at your local gathering of the TEA party. I am and always will be in favor of a flat tax so that bottom feeders will start working for a living. See Sweden – they are reducing their tax rates dramatically now because their workforce was shrinking so badly because the govt had made it such a large welfare state.

I am on my way to the Santa Monica pier right now to take part in my local TEA party.

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This entry was posted on April 14, 2009 by in Uncategorized.

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