PAM SENDS: Here is where Obama is trying to take us!

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PAM SENDS: Here is where Obama is trying to take us!

Posted By: watcher51445
Date: Wednesday, 21-Dec-2011 03:18:40

Here is where Obama is trying to take us! Current European tax Rates United Kingdom Income Tax: 50% VAT: 17.5% TOTAL: 67.5% France Income Tax: 40% VAT: 19.6% TOTAL: 59.6% Greece Income Tax: 40% VAT: 25% TOTAL: 65% Spain Income Tax: 45% VAT: 16% TOTAL: 61% Portugal Income Tax: 42% VAT: 20% TOTAL: 62% Sweden Income Tax: 55% VAT: 25% TOTAL: 80% Norway Income Tax: 54.3% VAT: 25% TOTAL: 79.3% Netherlands Income Tax: 52% VAT: 19% TOTAL: 71% Denmark I! ncome Tax: 58% VAT: 25% TOTAL: 83% Finland Income Tax: 53% VAT: 22% TOTAL: 75% If you've started to wonder what the real costs of socialism are going to be - once the full program in these United States hits your wallet, take a look at the table. As you digest these mind-boggling figures, keep in mind that in spite of these astronomical tax rates, these countries are still not financing their social welfare programs exclusively from tax revenues! They are deeply mired in public debt of gargantuan proportions. Politicians promised tax cuts to the naive voters, and then no one figured out what services would have to be cut. Greece has reached the point where its debt is so huge it is in imminent danger of defaulting. That is the reason the European economic community has intervened to bail them out. If you're following the financial news, you know Spain and Portugal are right behind Greece. The United States is now heading right down the same path, with Congress leading the way. Corporations have essentially bought sizable chunks of our government. Unlike our politicians, the corporate interests figured out that if you're going to buy a tax-cutting politician, you'd better be sure that the check doesn't bounce. The VAT tax in the table is the national sales tax that Europeans pay. Stay tuned because that is exactly what you can expect to see the corporations using their purchased politicians to cut their taxes after the fall elections, if Congress has its way. The initial percentage in the United States isn't going to be anywhere near the outrageous numbers you now see in Europe. Guess what. The current outrageous numbers in Europe didn't start out as outrageous, either. They started out as minuscule - right around the 1% or 2% where they will start out in the United States. But that was before they learned that they could depend on the United States to set the example of financial responsibility. As Ronald Reagan said, "Deficits don't matter." And now our Congress has seized upon this the very notion that with hard work and perseverance, anybody can get ahead economically here in the USA. Do you think that can ever happen with tax rates between 60% and 80% for you and me, and zero for corporations? Think again. With the government taking that percentage of your money,! your life will be exactly like life in Europe... You will never be able to buy a home. You will never buy a car, which you don't need anyway, because gasoline is too expensive and they have a public transport system that is clean, safe and actually works. You will never send your children to college. Let's not shuffle the battle cry of the socialists under the rug either. It's always the same cry. Let the "invisible hand" of the Free Market equalize everyone's income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy. The opposite is working just fine here in the United States, where we have Sarah Palin encouraging us to use our "Second Amendment option." Our dismantling of the government has enabled corporate interests to do away with the very same regulatory agencies that would have helped prevent the Financial Meltdown we have experience...had they only not been de-funded by their minions in Congress. It's time to take a really hard look at reality. Greece is a perfect example: Greeks don't pay taxes. It's part of their culture and their history. Despite the socialism system that has ruled this country for decades, with a 65% tax rate, they are drowning in public debt, would have defaulted without hundreds of billions in bailout money from the EU, and still. . . 20% of their population lives in poverty. But does Congress care? That's what happens when politicians promise whatever will get them voted into office, and don't give a thought as to what's going to happen when they make good on their promise. What has all that socialism money bought, besides ultimate power for the politicians running the show? Do you think these people are "free"? They're not. They are bought and paid for. They are slaves to their political/economic "system." And now our Congress is replicating the European model of failure.