During fiscal year 2012, $359,796,008,919.49 that had been forcibly extracted from American taxpayers was transferred into other hands. Most of it ended up in the pockets of the global elite. So what did the American people get in return for that 359 billion dollars? Nothing at all. No roads were built, no schools were constructed, no teachers were paid and none of it went to national defense. It was simply interest that was owed on the national debt, and most of it just made the ultra-wealthy even wealthier. But this is exactly what the Federal Reserve system was designed to do when it was created back in 1913. It was designed to get the U.S. government trapped in an endless spiral of debt that would systematically drain the wealth of the American people and transfer it to the ultra-wealthy and the international bankers. When most people think of a “wealth redistribution scheme”, they think of a government raising taxes in order to give money (Read More...)
While most of America is suffering through one the worst economic downturns in U.S. history, the Obamas are living the high life at your expense. During 2011, U.S. taxpayers spent an astounding 1.4 billion dollars on the Obamas. Meanwhile, British taxpayers only spent 57.8 million dollars on the entire royal family. Does anyone else see something wrong with this picture? So where did the 1.4 billion dollars go? That money paid the salaries of their staff members, it paid for their transportation and housing costs, it paid for entertainment and vacations for the Obamas, and $102,000 was even spent on a “dog handler” for the family dog Bo. In his new book entitled “(Read More...)
***The following is a guest article for The Truth by Left Coast Rebel. I think that you will agree that Left Coast Rebel has definitely knocked the ball out of the park with this one.***
The Washington Post has it that “GOP Leaders Rebuked on Spending;” Politico has it that “Vote shows Boehner’s Lack of Control.”
Per usual, the lamestream press is missing the point.
I’ll put it simply here: John Boehner and Eric Cantor think that they can “get along” with the Democrats, quietly pushing through destructive legislation that aids and abets the statist agenda.
They don’t even put up a fight.
They just roll over (Read More...)
The people who brought you “The Great Swine Flu Scare Of 2009″ now want to bring you “The Great Global Health Tax Of 2010″. The World Health Organization is actually considering a plan to ask governments all over the globe to impose a global consumer tax on such things as Internet activity and everyday financial transactions like paying bills online.
Apparently the goal of such a plan would be to raise “tens of billions of dollars” which would then be used to “transfer” pharmaceutical research, development and manufacturing capabilities to the developing world.
Transfer them from where?
Places like the United States?
So let’s get this straight.
According to the WHO global tax plan, they want to do the following three things….
#1) Take away research, development and manufacturing jobs from us and give them to the developing world at a time when we can least afford it.
#2) Give much more money and power to the idiots who brought us the (Read More...)
Americans are already being taxed to death, and three proposals by the Obama administration would raise federal income tax rates on the wealthiest Americans to over 45 percent. And when you add up all forms of taxation in the United States, the average American will soon end up paying about 50 percent of his or her income in some form of taxes.
These are absolutely stunning figures, but the taxes are taken from us in so many different directions that you never feel the pain all at once. But three new proposals by Obama and the Democrats will definitely have wealthy Americans squealing in pain:
#1) House Ways and Means Committee Chairman Charles Rangel has proposed a surtax of up to 5.4% on annual incomes of $350,000 or more to help pay for the “tax and socialize” health care reform bill. About 500,000 American taxpayers that earn $1 million or more would pay the full surtax.
#2) President Obama’s budget calls for raising the top income tax rate from 35% to 39.6% on incomes above $373,000 starting in 2011.
#3) Obama has proposed exposing income above $250,000 to the 12.4% Social Security payroll tax, paid equally by employees and employers. (Read More...)