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A Tax Plan from the Land of Narnia–Obama lays out plan 21 September, 2007

Posted by David Anderson in Economic Policy, Election 2008, Fair Tax.
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When I read Senator Obama’s middle class tax cut plan, I was reminded why it pays to have a President who has actually run something.  A corporation, a large ministry or NGO, a state, or even an Amway distributorship will do.  Here is his wonderful plan.  Raise taxes on the rich businesses and give it to seniors, lower middle class earners, and the poor.  He claims there are a trillion dollars in corporate tax loopholes.  Well the entire economy is only around13.2 trillion dollars.  Total corporate profits in the entire decade of the 1990’s was only 4.5 trillion dollars.  Total annual corporate taxes are just 370 billion dollars or so. My point is only in the Mythical Land of Narnia could those numbers be twisted to equal a trillion dollars in profits unless he wants to own all corporate profits and then some. Citizens for Tax Justice may have found their candidate. 

Those who are looking for a better job in  the next 4 years have not.  Senator Obama’s tax policies would take us into an economic land of perpetual winter, and I thought Hillary was the Ice Queen.

Senator Obama has obviously not had much experience with the part of America which works and creates wealth.  He is a career activist and professor of law.  I would like to help the Senator a little.  Read the Fair Tax Book.  It’s your assignment before the next press release on economic issues.  The only place your plan will create jobs is in a mythical land.

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Comments»

1. b8zw29 - 7 June, 2008

The above is one of the reasons I didn’t vote for Obama in the
Illinois primary. He gives lovely, pretty little upbeat speeches
that seem to have no pragmatic solutions to the problems Bush and
Co. have graciously created for us. Again, I wish Obama had
spent more time in the Senate learning and working, and less
time in front of the primping cameras.

2. Obama wants a $1 Trillion Tax Increase on the Middle-Class Americans! Hillary said! « Goodtimepolitics - 7 June, 2008

[…] https://stoptaxing.wordpress.com/2007/09/21/a-tax-plan-from-the-land-of-narnia-obama-lays-out-plan/ Possibly related posts: (automatically generated)A Tax Plan from the Land of Narnia–Obama lays out planThe Obama Tax Plan: A Tax Plan which Might not even Work In Narnia.$45 TRILLION NEEDED FOR HOAXObama’s Faulty Tax Argument […]

3. goodtimepolitics - 18 September, 2008

Raise taxes on bussiness and you and I both know that they won’t be paying it, we will in the way of higher food prices and other needed products. Good post by the way.


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