As you watch President Obama’s class-warfare-soaked State of The Union address tonight, keep two things in mind.
- He’s a liar and a demagogue.
- Taxation is only half of the story at best.
You have to watch spending too. The poorest Americans got back $8.21 for each $1.00 paid in taxes. The middle class got back $1.30 for every $1.00 paid in taxes. The rich got back $0.41 for every $1.00 paid in taxes. Yes, really.
We do do not have a revenue problem. We have a spending problem.
Socialism is a philosophy of failure, the creed of ignorance, and the gospel of envy, its inherent virtue is the equal sharing of misery.