Liberal Democrat

Liberal Democrat
Father of American Liberalism

Tuesday, November 20, 2012

Lou Dobbs: 'Paul Krugman- Calls For 91% Tax Rate'


Source:Lou Dobbs- talking about Paul Krugman's tax proposal.

"New York Times Economist/Columnist Paul Krugman is putting the president's tax hike proposal to shame. Krugman is advocating for a 91% marginal tax rate! Lou punches wholes in Krugman's brilliant idea and illustrates why the country's spending problem that won't be fixed by higher taxes alone." 

From Lou Dobbs 

I get on the Christian-Right a lot about them wanting to take America back to the 1950s politically in a cultural sense at least, but they are not the only political faction that wants to do this. So-called Progressives (Socialists, in actuality) want to take America back to the 1950s economically and its not just that they want all of the Bush tax cuts to expire, including for the middle class, but they want every tax cut thats been passed since the 1960s to expire as well, that Bush, Clinton, Reagan and Kennedy as President's, because they believe that the more money that the Federal Government has, the more equal the economy will be, because the Feds will have all of these resources to build up America to its potential and no one will ever have too much or too little again. 

And when people say something like: "Well, with my taxes being up so high, how am I supposed to pay my bills, with Socialists answering: "Well, don't worry about it because the Federal Government will now provide the services that you need to survive based on what they believe you need and what little money you have left, you can spend as you please." 

Lou Dobbs called Paul Krugman a "tax and spend Liberal" which tells you how much Mr. Dobbs knows about Liberals. Which is about as much as fish know how to read or who won the last Super Bowl. Its Liberal Democrat Jack Kennedy who first cut our taxes from those huge rates ranging from 25-90% in the 1950s and cut them across the board in the 1960s, not Conservative Dwight Eisenhower in the 1950s or Conservative Gerry Ford in the 1970s.  So-called Progressives (Socialists, in actuality) point to Sweden and that it works there, very different country, as far as population and culture. Swedes want to be taken care of, where as Americans by in-large prefer to be as independent from government as much as possible.

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