Barack Obama Floated A Blockbuster Policy Change In His State Of The Union That Almost Everyone Missed

by John Hawkins | January 20, 2015 10:45 pm

If you missed the State of the Union, consider yourself lucky.

If we had people yelling “You Lie!” after every lie, this speech would be 5 hours long. #SOTU[1]

— John Hawkins (@johnhawkinsrwn) January 21, 2015[2]

[3]
The whole speech was intentionally deceptive statistics, mixed with transparently dishonest appeals to bipartisanship and outright lies.

However, there was one earth shaking line[4] that seemed to have slipped past most people.

And let’s close the loopholes that lead to inequality by allowing the top one percent to avoid paying taxes on their accumulated wealth.

Obama isn’t merely proposing to “increase taxes on the rich” there. That would involve raising the tax rate on what they earn.

What he’s proposing is actually taking a slice of what PEOPLE HAVE ALREADY EARNED.

Wait — did Obama just float a tax on WEALTH? Holy Karl Marx, Batman! #SOTU[1]

— John Hawkins (@johnhawkinsrwn) January 21, 2015[5]

This would be just like the income tax. Today, it would be low and targeting the richest Americans. Tomorrow, a wealth tax would be sky high and soaking the middle class. The government already gets a slice of everything we make, can’t Obama be satisfied with that? Do we really want the government taking part of what we’ve saved after taxes as well? Does its greed know no bounds?

Source URL: https://rightwingnews.com/barack-obama/barack-obama-floated-blockbuster-policy-change-state-union-almost-everyone-missed/

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