Obama's plan to raise taxes on those making over $250k a year is nothing more than Class Warfare and his way of appeasing the poor and uneducted. It won't solve anything. The Top 2% already pay a huge sum in taxes. The Repubs plan of reforming the tax code and closing loopholes makes much more sense but it doesn't appease the socialist.
Increasing taxes on Capital Gains will only ensure that Americans will invest less. Just look at the big money sitting on the sidelines. No investor in their right mind is going to risk thier capital when the rewards are so slim. Better to just sit on it than pay it to the government in additional taxes. The big players, the big investors are going offshore with their money where they can get a better ROI. How can anyone blame them when it is so obvious that Obama is anti-independent businesses. Just look at his actions today in Michigan. Here is a cash strapped state that is trying to attract investors and businesses by becoming a Right To Work state and Obama spoke out against it! With the demonstations of the last several days, no buisness in their right mind would want to move there.
Obama and the socialtist can kill the wealth and before we know it we will all be poor. He has never had to balance a budget or live within his means. He is bad for business! Companies that will expand in this country will do so in the Right To Works states or they will take their buisness offshore. That is a fact of life!
It is clear that Obama is too weak to make the tough choices and prefers to play Class Warfare which much of the media loves. Just like Ann's horse. The really big monied folks are fast giving up thier citizenship and moving to places that welcome their wealth. Not because they want to take it away but because they know it will be good for their economy.
I can list several of mine that have increased :
homeowners insurance ( no claims)
electric bill (usage is actually down but rates increased)
gas (use less but the expense has increased)
DOG FOOD!!! (same food and less consumed as 2 of the 4 are now seniors and require less)
I used property taxes and homeowners insurance because those 2 things have increased even more for my retired parents who are in their 70's than mine have. They paid off their house years ago more than anything to not have a major expense in later years. Yet, their property taxes go up every year, and they really get very little for the money. Flat out dollars they pay 2.5 x's more than I do in property taxes yet I have a much larger house and a lot more land. Dad won't leave that crappy state so I guess he has to deal with it.
But my property taxes have almost doubled in 11 years. I call the county every year to ask what the heck I get for my money and all they ever say is well , but, but ......
MY electric rates are insane compared to when I bought this house. Best example is my barn which has a seperate meter. That is rated small general service.The usage does not change. It runs 2 dusk to dawn lights and my invisable dog fence on a regular basis. The bill thas doubled in 11 years.
While we don't try to keep up with the Jones' it would be nice to not pay for leaches to do so.