Joe The Plumber Right On Socialism, Soaring Taxes On Small Businesses Under Obama

It’s not like Barrack Obama didn’t promise the American people that he would lead them into socialism.  You might remember the famous encounter with Joe “the plumber”:

Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.

“Your new tax plan is going to tax me more, isn’t it?” the blue-collar worker asked.

After Obama responded that it would, Wurzelbacher continued: “I’ve worked hard . . . I work 10 to 12 hours a day and I’m buying this company and I’m going to continue working that way. I’m getting taxed more and more while fulfilling the American Dream.”

“It’s not that I want to punish your success,” Obama told him. “I want to make sure that everybody who is behind you, that they’ve got a chance for success, too.

Then, Obama explained his trickle-up theory of economics.

“My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. I think when you spread the wealth around, it’s good for everybody.”

“Spread the wealth around,” Obama said.  From each according to his ability, to each according to his need.

Joe the Plumber famously answered, “That sounds like socialism.”

And how the liberals howled.  Pieces like Mc Clatchey Newspapers’ “Obama plan isn’t ‘socialism'; it’s traditional progressive taxation” by David Lightman and William Douglas abounded:

“It wouldn’t qualify as socialism.

“The answer is clearly no, Senator Obama is not a socialist,” said Paul Beck, a professor of political science at Ohio State University. “We’ve had a progressive tax system for some time, and both Republicans and Democrats have bought into it.”

Socialism involves state ownership of the means of economic production and state-directed sharing of the wealth. America’s democratic capitalist system is neither socialist nor pure free market; rather, it mixes the two, and it has at least since the progressive income tax was introduced 95 years ago. Under it, the wealthy pay higher income tax rates than those who are less fortunate do. It’s a form of sharing the wealth.”

Now, of course, I read that last paragraph and I’m just rolling on the floor laughing at how ignorant and dishonest these liberals were – and are.

Let me just say two words:  “Auto industry.”  Let me say two more: “banking industry.”  Let me add a few others: “Obama fires GM CEO.”  And, “Government forcing GM board out,” And, “Obama won’t allow banks to repay bailout loans.”  And, “Government, UAW Own 89% of GM In Restructuring.”  And, “Government Power and Control: The One Trillion Dollar Takeover Of Health Care.”  And, “Obama’s cap-and-trade plan a wolf in sheep’s clothing.”  And, most frightening and revealing of all: “Financial Rescue Nears GDP as Pledges Top $12.8 Trillion.”

“Let’s move it along, folks.  Move it along.  No socialists to see here.”

Sorry, mainstream media: Obama is as socialist as the sun is hot.  The fact that you were too blatantly dishonest and corrupt and incompetent to do your job during the campaign is just one more case in point that we are now under the thrall of totalitarian propaganda.

As the February 16, 2009 issue of Newseek gleefully trumpeted:

we-are-all-socialists-now

That pretty much makes it official: Obama and the Democratic Party lied to us: they were socialists all along, and too dishonest and too corrupt to honestly and legitimately represent themselves.

I also have to point out the fact that the VERY WORST ELEMENTS OF SOCIALISM – right out of the playbook of the “National Socialist German Workers’ Party” or the “Union of Soviet Socialist Republics” – were used to attack Joe Wurzelbacher simply for asking a candidate for president a couple of questions right outside his house.  The media and the Democrat machine went after him with everything they had, including snooping through his private records in a very KGB-like manner in hopes of dredging up dirt on him.

You know, kind of like what Obama and his Democrat lynch mob are doing to Bush administration officials even as we speak in 1) releasing memos selectively targeted to make Bush look like a torturer while refusing to release any memos that would show how Bush’s actions kept America safe; and 2) threatening to prosecute Bush officials for their part in 1) in what would amount to a show trial.  How quintessentially totalitarian of them.

All this said, our socialist – and frankly fascist – president is now about to come after small business owners EXACTLY as Joe Wurzelbacher feared he would to pay for his socialist Statist agenda:

Small Businesses Brace for Tax Battle
Under Obama Plan, Some Entrepreneurs’ Bills Would Soar
By Lori Montgomery and V. Dion Haynes
Washington Post Staff Writers
Monday, April 27, 2009

Gail Johnson doesn’t think of herself as wealthy. The former pediatric nurse has spent 20 years building a chain of preschools and after-school programs that accommodate sick children so working parents can keep their jobs.

But, like most small-business owners, Johnson reports her profit on her personal tax return. In a typical year, she and her husband make more than $500,000, according to her accountant, a figure that throws them squarely into the ranks of the richest Americans — and makes them a prime target for the Obama administration’s tax policy.

Since last year’s campaign, President Obama has vowed repeatedly not to increase taxes for families making less than $250,000 a year. That pledge, while politically popular, has left him with just two primary sources of funding for his ambitious social agenda: about 3 million high-earning families and the nation’s businesses.

Johnson, with her company, falls into both categories. If Obama’s tax plans are enacted, her accountant estimates that her federal tax bill — typically, around $120,000 a year — would rise by at least $23,000, a 19 percent increase.

“You hear ‘tax the rich,’ and you think, ‘I don’t make that much money,’ ” said Johnson, whose Rainbow Station programs are headquartered near Richmond. “But then you realize: ‘Oh, if I put my business income with my wages, then, suddenly, I’m there.’ “

Across the nation, many business owners are watching anxiously as the president undertakes expensive initiatives to overhaul health care and expand educational opportunities, while also reining in runaway budget deficits. Already, Obama has proposed an extra $1.3 trillion in taxes for business and high earners over the next decade. They include new limits on the ability of corporations to automatically defer U.S. taxes on income earned overseas, repeal of a form of inventory accounting that tends to reduce business taxes, and a mandate that investment partnerships pay the regular income tax rate instead of the lower capital gains rate.

‘A Permanent Target’
Business groups say they’re bracing for even more battles with the administration.

“They’re desperate for revenue. And therein lies the concern of the broader business community,” said R. Bruce Josten, chief lobbyist for the U.S. Chamber of Commerce.

“We’re going to be a permanent target, and we understand that,” added Catherine Schultz, vice president for tax policy at the National Foreign Trade Council. “The way they see it, corporations don’t vote.”

[Read the rest of the article]

Many small business owners file individual income tax returns.  Their “incomes” do not merely go into their pockets; rather, they use their profits to pay their employees and reinvest in their businesses:

Johnson declined to say whether she voted for Obama. But she said she ignored his tax plans until her husband, who handles real estate and construction for the schools, mentioned it one day. “I’ve since talked to my accountant,” she said. “And, oh, my gosh!”

The accountant, Carroll Hurst, said Johnson is unlikely to owe any federal taxes this year due to accounting changes that confer a one-time tax benefit. But in a typical year, he said, Johnson and her husband earn about $515,000 from various entities related to the schools. They claim around $90,000 in deductions — much of it contributions to charity — reducing their taxable income to around $425,000. Johnson said the sum they take home in wages is “substantially less.”

In a typical year, Johnson’s federal tax bill would be about $120,000. But starting in 2011, the higher marginal rates would add about $13,000 a year, Hurst said. Capping the value of itemized deductions at 28 percent would add another $10,000, for a total increase of $23,000.

And Johnson’s tax bill stands to grow dramatically if Obama were to revive a plan to apply Social Security tax to income over $250,000 instead of capping it at the current $106,800. Because Johnson is an employee and an employer, she would have to pay both portions of the tax, Hurst said, tacking another $30,000 onto her bill.

Johnson said such an increase would force her to consider scaling back operations.

“You can try to pass it on to consumers. But if you raise tuition, you put pressure on family budgets,” she said. “For us, we’re caught between the devil and the deep blue sea.”

Other business owners are also nervous. Jim Murphy, president of EST Analytical in Fairfield, Ohio, which sells analytical instruments to environmental testing labs and pharmaceuticals, said his company is struggling in the sluggish economy. But if profit returns to pre-recession levels — about $455,000 — Murphy said his accountant estimates that Obama’s proposals could add $60,000 to his $120,000 tax bill.

“The misconception is that guys like me take [our profits] and put it into our pockets,” said Murphy, who employs 47 people. “But the money the company earns in a given year is used to buy additional inventory so we can grow and hire.” A 50 percent tax increase, he said, would be “really painful.”

So let’s review the basic facts: Barack Obama IS a socialist, just as Joe the Plumber intuitively understood even as liberal “intellectuals” loudly howled with all the outrage they could muster.  There’s no question of that fact any longer.  In fact, he is essentially a fascist, just as progressives such as Woodrow Wilson and even FDR were before him.  And Obama IS coming after small businesses and their owners, just as Joe the Plumber rightly feared.  And, furthermore, the Obama White House and the mainstream media alike will apply any tactic to attack and demonize their opponents for political purposes just like the worst socialist regimes in world history.

About these ads

Tags: , , , , , , , , , , , , , , , , , , , , , , , ,

3 Responses to “Joe The Plumber Right On Socialism, Soaring Taxes On Small Businesses Under Obama”

  1. On the Money Says:

    Yet even more money is going to the capitalists … ? How does that work???

  2. Michael Eden Says:

    Given that people who earn large sums of money are invariably called “capitalists,” you’re denunciation becomes a rather lame tautology.

    The rich have always gotten richer: the rich are getting richer in Communist China, just as the rich got richer under the USSR. You can’t stop the rich from getting richer until you either give all rich people lobotomies or else somehow figure out how to turn lazy useless dregs into hardworking breadwinners.

    What the left has proven it CAN do very well is lower the GDP so that everyone is poorer.

    Whenever you tax something, you get less of it: so your solution is to tax productivity?

  3. IgorMarxo Says:

    Difference between USSR Communist media and USA “mainstream media”

    In Russia government make media say what they want – even if lie.
    In USA “mainstream media” try make government what they want – even if lie..
    …..eventually they become same thing?!

    I Igor produce Obama Birth Certificate at http://www.igormaro.org

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


Follow

Get every new post delivered to your Inbox.

Join 535 other followers

%d bloggers like this: