The Age of Aquarius- long a goal for liberals- began in earnest on January 1st, 2013 when more of the planned tax increases on the wealthy created by Obamacare were implemented, along with the fiscal cliff remedy.
Here’s how it works:
Finally, the low-down, dirty rich, who are responsible for all the world’s ills, including the short stature, pint-sized intellect and light caliber (pun intended) of Bob Costas, will start paying their fair share.
Time to cue the music from the play Hair:
“The 3.8% Net Investment Tax will be imposed against individuals, estates and trusts on their investment income,” croons TaxNews.com “and the 0.9% Additional Medicare Tax applies to an individual’s wages and self-employment income, that exceed threshold amounts.”
Try singing that to the Age of Aquarius.
Not surprisingly, “threshold amounts” of income under Obamacare are the same that Obama and Boehner are using to define the “rich” under the fiscal cliff tax increases created by Obama’s newest income tax dictates.
Free healthcare, it turns out, is gonna be very expensive for those who have taken advantage of our free system and helped the US become the greatest, most benevolent, most generous country in the history of the world.
And now, to be fair, we have to stop those rich jerks from being so generous.
I don’t know about anyone else, but liberals are sick of those rich people in America who give away close to $300 billion to charity annually, or roughly half the country’s defense budget. The government could really use that money to fritter away on things like $115 million for the United Nations program on democracy that funds “Promoting Political Tolerance in Malawi,” while suppressing political tolerance in the Unites States.
Get the Market Movements in Advance: William's Edge Webinar for Monday, March 10th, 2014 | John Ransom