Barack Obama wasn’t kidding when he said he was going to spread the wealth around. In fact, his politicies will redistribute about $1 trillion a year.
CNS News Reports, via Gateway Pundit:
By 2012, nearly $1 trillion from the top 30 percent of American families will be redistributed among the bottom 70 percent if Obama’s proposals on taxes, health care, and climate change become law, according to the Tax Foundation.
“Even if none of Obama’s policies becomes law, the extent of income redistribution is remarkable,” Scott Hodge, president of the nonpartisan, nonprofit organization, said. “The top-earning 40 percent of families will transfer $826 billion to the bottom 60 percent in 2012.”
Under the Obama plan, 70 percent of American families as a group — those earning less than $109,460 — will receive more in benefits than they pay in taxes, Hodge said.
“The majority of people below the 70 percent mark will get more back than they pay in taxes,” Hodge told CNSNews.com.
When did leeching off your neighbors become the American dream?
Who is John Galt?
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God bless America and our great new leader, that Momar Kaddafi told the UN should be our president forever. Maybe those kids can start singing songs about wealth redistribution as well. The best thing to come from the election of our supreme leader is the fact that Americans are finally starting to wake up to the socialism and marxism that is rapidly taking over our country!
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