OBAMAS PLAN FOR AMERICA- IS THIS WHAT YOU WANT?
FACTS ARE FACTS…………..WAKE UP AMERICA
A good friend sent me this material and it reminded me of the article I wrote on Denmark. I hope enough sane Americans will see how these “progressive” countries think that between 59.6% up to 80% of an individuals income should be paid back to the government to be fair. Soon you will not have to move to Europe to enjoy the Socialists benefits. If Obama is re-elected you can share you hard earned pay and retirement savings with the Occupiers and those who refuse to work. CB
Having just returned from three weeks in Greece, I can assure you the cost of living and the income of the average individual is creating a severe economic slow down, but more than that, they keep electing the individuals who promise to keep the unearned, unworked for incomes unchanged. In other words they promise to keep the government handouts coming in exchange for their vote. How they can possibly do this has yet to be exhibited, explained or even discussed much among the Greek people themselves. They just trust that the man they voted for will be able to pull a rabbit out of the hat, because that’s what he said he could do 😉 They raised taxes on the rich years ago . . . and the super rich left the country for less burdensome rates elsewhere . . . in many cases taking their companies with them. 😦
To verify these rates check: http://en.wikipedia.org/wiki/Tax_rates_of_Europe
Current European Tax Rates
|
Country |
Income Tax (%) |
VAT (%) |
Total (%) |
| United Kingdom |
50% |
17.5% |
67.5% |
| France |
40% |
19.6% |
59.6 |
| Greece |
40% |
25% |
65% |
| Spain |
45% |
16% |
61% |
| Portugal |
42% |
20% |
62% |
| Sweden |
55% |
25% |
80% |
| Norway |
54.3% |
25% |
79.3% |
| Netherlands |
52% |
19% |
71% |
| Denmark |
58% |
25% |
83% |
| Finland |
53% |
22% |
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. 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. (Kinda like the Federal Excise Tax on tires that was established in WWII to help off-set the war effort and was supposed to go away after the war)
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. (Well actually our government will tell the banks they have to loan you the money even if you know they can’t pay it back) You will never buy a car. (Our government will simply take over the auto industry and sell everyone a car . . . for a time anyway) You will never send your children to college. (See the above, State run institutions will be forced by the gov. to make a University education available for all) 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 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 are slaves to their economic “system.” Instead of spreading the wealth around, spread this info around. It might wake up some people.
If you agree with this, share it, if you do not agree with it, read it again!
Thanks Jim
A Conservative View 
And your point is…what? Yes- Greece is in trouble. France has it’s share. But most of the countries on the list not only have some of the strongest economies in the world- they also have the highest standard of living, happiest citizens, and longest lifespans.
Most of the fastest growing economies in the world are either socialist countries in south/central america, or communist China.
Meanwhile- the US, which has long had one of the lowest tax burdens in the world- is in a race to become the shortest lived country in modern history.
But wanna state that this is very useful , Thanks for taking your time to write this.