The national debt so simply put that anyone can understand the insanity going on in Washington DC right now.
Throw them all out. It’s the only reasonable solution. Here, see for yourself:
Current European tax rates: For those who are not familiar with VAT, that is Value Added Tax. It’s like sales tax and it’s added on to everything you buy; taxi, hotel, petrol, food, clothing, air fare, etc.. I could have called this article “WHY NOT TO ELECT DEMOCRATS IN AMERICA”.
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 Income 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. 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. 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 administration proposing after the fall elections. 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 . Magically, however, they ran up over the years to where they are now. Expect the same thing here. It is 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%?
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.
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. Equalize income. Spread the wealth to the poor (whoever they are). Level the economic playing field. Accomplish that and everything will be rosy. It’s time to take a really hard look at reality. Greece is a perfect example. 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.
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 slaves to their economic “system.”
Instead of spreading the wealth around, spread this info around. It might wake up some people.
We, the people continue to watch the mainstream media bombard us with propaganda, primarily through supposed “news” shows on ABC, CBS, NBC, CNN and MSNBC when we all know it’s crap and propaganda. How long, though, will we sit and watch our own President lie through his teeth to us on national television?
This time, he’s trying to tell us that “Unemployment benefits will create more jobs than the Keystone Pipeline” (from www.patriotupdate.com). LOL Seriously, Barry? It is Barry, right? I mean, you won’t release a valid birth certificate to prove you’re eligible to live in the White House, and we hear on the street that your name was Barry Soetoro growing up. Most of us suspect you’re still Barry Soetoro, using a Muslim name, for reasons we probably don’t even want to know.
But Barry, let’s talk here: You expect us to believe that there will more jobs created by extending jobless benefits than by approving the Keystone Pipeline? Really, Barry?
What an idiot. Oh, wait. Let me rephrase that: What a maroon. We’re the idiots, for listening to you night after night.