To Fund Liberal Programs Confiscate Liberal Wealth
Head Start and an Infrastructure Bank are just two "investments" Obama can't make now but wants to once we get our fiscal house in order by raising the debt ceiling and raising taxes.
But he can get his programs funded now by simply confiscating the wealth of liberals -- many of whom complain endlessly that they pay too little in taxes while others like Obama himself claim to have more wealth than he needs.
Let's start with Warren Buffet, who cries out almost weekly on CNBC at the injustice of seeing his secretary taxed at a higher rate than he is. It's just not fair, and he asserts that the rich like him should pay more in taxes.
In fact he's had the chance to pay more in taxes for the last half-century by simply announcing that his company Berkshire Hathaway would declare a regular cash dividend (it never has). Buffet is one of Obama's godfathers and if he declared a special cash dividend of $20B- just half of his holding company's cash hoard- then he could raise nearly $8 billion for the US Treasury that he so regularly and regrettably shortchanges.
Interestingly, Buffet had the chance to fork over $1.78 billion to Obama just last week from his personal stock stockpile, but decided to give the bulk of it to Bill Gates as a tax free estate transfer. Apparently, for the 50th straight year Buffet forgot how undertaxed he was.
But Buffet is just the tip of the hypocritical, liberal mega-wealthy iceberg. If Obama began to confiscate the personal wealth of the crony capitalists who support him or the bankers who were bailed out by him we might not even need the IRS for a month or two.
During a recent meeting with Facebook founder Mark Zuckerberg, Obama said that our fiscal situation "requires people like me, and frankly you too, Mark, to pay more in taxes."
Zuckerberg dutifully replied, "I'm OK with that.
Claude can be reached at email@example.com