American Elephants

Time To Get Out The Pitchforks, Folks! Stupid Democrat Tricks. by The Elephant's Child
May 27, 2009, 9:30 pm
Filed under: Capitalism, Economy, Health Care, Taxes

Well.  President Obama is beginning to discover how expensive his health care plans are.  In spite of promises of less costly health care, his administration’s Ezekiel Emmanuel (brother of Rahm) and Peter Orzag (budget chief), are now talking about a 10 percent Value Added Tax (VAT) to — guess what — help pay for health care!  Once again the words of his mouth do not match his actions.

For the uninitiated, a VAT is a tax on every economic transaction at every stage, from raw goods to consumer.  Europe has one, and it is one of the reasons for European decline in standard of living, decline in freedom, economic activity and happiness.

Democrats want more money, now that they’ve spent so much. In Congress, they are pushing a Cap-and-Trade tax (Waxman/Markey), and talking about some kind of internet tax.

Christina Romer, President Obama’s chief economic adviser, has written one of the most careful studies of the economic effects of raising taxes. Going back to 1947, she found that raising taxes by 1 percent resulted in a 2 to 3 percent drop in Gross Domestic Product.

Consequences!  They don’t care about consequences, they want nationalized health care so they can run our lives, because they know best.  They want to save the planet from nonexistent global warming.  Does it occur to no one that they should just stop spending?  Will they never, never learn?

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