OK. so President Obama wants to raise taxes on the rich. Yup, and his followers agree with him because the rich can afford it. They believe in their liberal ideology of redistribution of wealth and they believe in their keynesian economics but how well has it worked?
The rich are giving up their citizenships left and right. Last year alone over 1800 persons renounced their citizenship to this nation and the reasons are obvious, taxes and over regulations of business. It is reported that the 1800 is a record number since records have been kept on expatriates. And these persons are not all Republicans or members of the ideology of the right. They are members of the liberal ideology also, like Denise Rich as reported in the following links.
NY Times on expatriates
Reuters on citizens renouncing citizenship
MSNBC reporting on Renouncements
My next question in regards to raising taxes is whether or not the federal government has collected all of the taxes owed to them, have they? I ask this considering that I reported all of the people who work for the federal government and owed taxes in this post back on February 4th. How many more are there?
Collect what is owed
We also have all of those people who have just failed to pay taxes as reported in this post. My question would be just how many more are there who are refusing to pay their taxes and why aren’t they if they can afford to pay as the liberals are claiming?
And we are not finished yet. The federal government is not the only government that isn’t being fiscally responsible. State and local governments are in bad shape economically also. And to right the ship in their cases requires that they reign in the power of the unions as well as the liberal policies of the past.
Stockton California is the latest and largest city to declare bankruptcy and there are many more cities on the brink of bankruptcy and the cause are all laid on the liberal economic policies of the past. Here is a link to a list of financially troubled cities and if you look some of the bigger cities of this nation is on that list.
Scranton’s Penn. solution
List of Cities in bad trouble
Last but not least are the fifty States. Each and everyone of them carrying a huge debt. Some are trying to get control of that debt but guess who are fighting financial reform every step of the way, the liberals and unions, that is who. Here is the list of States and their debt.
We hear a lot of talk of outsourcing of jobs and everyone blames everyone else for it but very few talk about another factor of this. When jobs are being outsourced so are the businesses that hire the people. And why do businesses leave a country if not because of regulations and taxes along with union’s outrageous demands?
When you have a nation whose people have a spending habit like this nation has how can you take their money from them to pay for government’s spending habits? Where is the money going to come from?
From what I hear San Bernardino California has just filed for bankruptcy too. How many more will this happen to?
San Bernardino bankrupt