Posted by
Toddy Littman on Monday, November 03, 2008 9:00:00 PM
Obama has earned America's distrust. It's the tail end of Obama's
pitch to Joe the Plumber. Obama walks right up to Joe to get his
question. Then Obama puts forth a number of his beliefs and expresses
his logic to conclude a tax increase of 3% on "those making over
$250,000" is necessary to give a tax break for those making less,
asserting it's the government's role, the government's job to assure
our incomes meet our personal needs -- that government's control of our
personal input will improve our personal output.
The following transcript of what Obama said during the entire interview with Joe Wurzelbacher,
http://www.youtube.com/watch?v=8Ilwk_wmsQk.
I wanted to keep the entire train of thought together so I omitted what
Joe said, however I referenced it for context in brackets where the
context would be lost, so without further delay I give you by
transcript, what Senator Barack Obama said to "Joe the Plumber" when he
believed there were no open mics:
"If your revenue is above 250, then from 250 down your taxes are going
to stay the same. It is true that, say for 250 up, say from 250-300 or
so....you'd go from 36 to 39% which is what it was under Bill Clinton.
"So the uh....and the reason we're doing that is because 95% of small
businesses make less than 250, and so what I want to do is give them a
tax cut I wanna give all these folks who are bus drivers, teachers,
auto workers who make less, I wanna give them a tax cut and so what we
are doing is, we are saying that folks who make more than 250, that
that marginal amount above 250 that they are going to be taxed at a 39%
instead of a 36% percent rate.
"Here's a way of thinking about it, um....How long you been a
plumber?...Okay so over the last 15 years, when you weren't making 250,
you would have been getting a tax cut from me. So you'd actually have
more money, which means you would have saved more, which means you
would have gotten to the point where you could build your small
business quicker than under the current Tax Code.
"So there are two ways of looking at it. I mean, one way of looking at
it is, now that you've become more successful....through hard work, you
don't want to be taxed as much, which I understand. But another way of
looking at it is 95% of folks, who are making less than 250, they may
be working hard too, but they're bein taxed to the higher rate than
they would be under mine.
"So, what I'm doin is...put, project yourself back 10 years ago, when
you were only makin...whatever, 60 or 70, under my tax plan you'd be
keeping more of your paycheck, you'd be having lower taxes, which
means, you would have saved and gotten to the point where you are [now]
faster.
"Now look, nobody likes high taxes, off course not. So...But what's
happened is, we end up, we cut taxes a lot, for folks like me who make
a lot more than 250. We haven't given a break to folks who make less,
and as a consequence the average wage and income for just ordinary
folks, the vast majority of Americans, has actually gone down over the
last 8 years. So all I want to do is, I want to....I've got a net tax
cut. The only thing that changes this, I'm going to cut taxes a little
bit more for the folks who are most in need, and with the 5% of the
folks who've been doing very well, even though they've been working
hard, and I understand and I appreciate that. I just want to make sure
that they're paying a little bit more in order to pay for those other
tax cuts.
"Now....I respect the disagreement, I just want you to be clear it's
not that I want to punish your success, I just want to make sure that
everybody, who is behind you, that they've got a chance at success too.
"I'd be open to it [a flat tax] except for, here's the problem with the
flat tax, the uh...is that actually if you put a flat tax together, you
probably, in order for it to work and replace all the revenue that
we've got, you'd probably end up having to make it like about a 40%
sales tax. I mean that's the value added, making it up [making up for
the lost revenue]. Now some people say 23 or 25 but in truth, when you
add up all the revenue that would need to be raised, you'd have to slap
on a whole bunch of sales taxes on it.
"So....I do believe that, for folks like me, who are, you know, have
worked hard, but frankly also been lucky, I don't mind paying just a
little bit more than the waitress who I just met over there, who's
things were slow and, she can barely make the rent, you know, because.
"My attitude is if the economy's good for the folks from the bottom up,
it's going to be good for everybody. If you've got a plumbing business,
you're going to be better off if you've got a whole bunch of customers
who can afford to hire you, and right now everybody's so that business
is bad for everybody and I think, when you spread the wealth around
it's good for everybody. But I, listen I respect what you do and I
respect your question and even if I don't get your vote, I'm still
going to be working hard on your behalf cause I want to make
sure...Small businesses are what creates jobs in this country and I
want to encourage it.
"
One other thing I didn't mention, for small business people,
I'm going to eliminate the capital gains taxes. So what it means is if
your business succeeds, and let's say you take it from a $250,000
business to a $500,000 business, that capital gains you get, we're not
going to tax you on it, because I want you to grow more. So you're
actually gonna get some...you may end up, I'd have to look at your
particular business, but you might end up paying lower taxes under my
plan and my approach than under John McCain's plan. I can't
guarantee that because I'd have to take a look a it. Alright? Thanks
for your...thanks for the question though, I appreciate it."
Obama utterly reverses himself in this last paragraph with Joe the Plumber.
Is rich $250,000?
I mean, Obama himself doesn't seem to think so. It is Obama who uses
this amount as his example in making a specific mention of this
"elimination of capital gains" to Joe, numbers relative to Joe's
situation, Joe's business and Joe's hard work -- remember $250,000 is
the line for "rich" when Obama is imposing his 3% tax increase.
Yet Obama has said small business will get a "tax cut" under his plan.
Well with this last paragraph, that certainly is a tax cut and on those making over $250,000, "the rich."
Now using the same figures as Obama did, the tax increase Obama
proposes is $7,500 on income taxes while the capital gain tax amount
would be around $37,500 of capital gains taxes -- a net loss of $30,000
to the government!
Of course this means government will come up with a large shortfall,
and, the solutions will range from lowering the definition of "rich"
below $250,000 to increasing the tax upon them to 5% or 10% or more,
they become our source of income over time, maybe even entirely. The
government would become beholden to these wealthy, to their influence
and job creation, as the source literally "over and above" the American
People. The free enterprise system and Our Will, the will of the many,
would lose its authority to the will of the majority of wealth -- the
top 5%.
In other words, the great "change" that is about to happen, if we take
Obama's word for it, is to make the people, the poor and middle class,
of this nation pay the taxes while providing the upper .1% of this
nation with the largest tax cut in the history of the United States of
America because of the amount of wealth they already hold. This
explains very well the list of those supporting Obama: George Soros,
Warren Buffett, Oprah Winfrey, the majority of Exxon Mobile executives,
and a host of others including Wall Street Banks.
These elite of wealth and power are finally going to have a President
who recognizes their right to control to achieve a complete enslavement
of the American people. They will be justified if we vest this right
in these elite by voting for their candidate, to be subjected to their
influence on him, their will. This is, by Barack Obama's own words,
the future if Obama becomes President of the United States of America,
according to this capital gains tax cut to those making over $250,000
as Obama notes to Joe above.
Please understand that those making well more than $250,000 will be able to eliminate 150 million dollars of tax on every billion they make merely by creating small businesses as tax shelters.
This capital gains tax cut creates a Ponzi Scheme for the rich, growing
numerous entities, to split them again and keep them small businesses.
Mass accumulations of wealth without any responsibility to pay anymore
than the tax code provides, which will be less than these billionaires
would pay on their consolidated wealth.
It will look good folks, very good, but this will be short lived
because the government shortfall will be so great that the threshold of
the increase in income taxes will need to be lowered, lowered to
include everyone who doesn't have any capital gains. The 1986 Tax
Reform Act is what brought an end to income tax shelters for the
wealthy. Are we now going to bring them back and give the wealthy
elite even more places to hide their money?
This is what one must believe in light of Obama saying what he did to
Joe and believing there were no open mics at the time. I have no reason
not to believe Obama either considering the
600+ million dollars Obama has raised for his campaign --
Obama is just another bought and sold politician, his price was just 6 times higher than anyone else, and the above paragraph reflects his promise to the wealthy.
For weeks now I've been posting this with a variety of notions it
brings up, the reason is simple: If you read the entire transcript, or
listen to it, and noticed the last thing Obama said to Joe, you can't
help but walk away wondering which part is the lie. However now I
realize it's all true and this is an even greater threat to America
than European socialism. This here is the creation of a communist
politburo. We the people to be reliant on those whose wealth is so
great that their desire to lead cannot be denied, they just needed a
candidate willing to sell out on principle, sell out on America.
Senator Obama's election to identify with his African roots, to read
angry black authors and associate with people who wish to see America
and/or it's systems, especially capitalism destroyed, is that candidate.
I am convinced Obama is going to do both because his esteemed backers
need recognition, and We the People whose will has defeated them time
and time again must be put in our place --
what better way to do that than if we elect to be slaves?
Do the math...
Is Obama going to tax the rich or is Obama going to give the rich a break, or both and enslave 95% of Americans?
What's the truth?