This a near-heroic tax plan being proposed by Obama. Instead of kowtowing to the top 5% and their campaign contributions, he is going right at them — head on with a tax increase.
Given that it is the top 5% who have benefited most over the last 8 years of Chimpyism, and given that the top 5% have raped this country over the last 8 years and have caused an economic crisis, actually making them pay their fair share of taxes is the right thing to do.
God bless Obama. He is finally going to give the super-rich like Angelo Mozilla some payback after all the damage they have done.
Hopefully Obama can push through some type of wealth tax after he gets his initial income tax provisions passed. Maybe something like 5% a year on the assets of the wealthiest 5% of Americans. It’s the right thing to do.
