Economic insecurity for some
Time for change. That's what Barack Obama says. But for many Americans, an Obama presidency will mean less change. Or green. In their pockets.
That's because Obama wants to increase the federal income tax. And those who make more than a quarter-million-dollars a year would pay more in Social Security taxes.
The New York Sun has studied Obama's tax plans. It reports that some people will give nearly 60 percent of their income to the government.
Of course, the vast majority of Americans don't make that much money. So Obama may feel comfortable proposing taxing the rich, who, he may presume, would more than likely vote Republican anyway. But where's the equity in all this?
America is a capitalistic nation. We are told from birth to put ourselves to the grindstone and we will reap rewards. Obama's plan penalizes success. To me, that seems blatantly un-American.
Photo credit: http://www.flickr.com/photos/vademocrats/2657974442/