Today I was impressed to watch Obama’s Weekly Address of December 03, 2011 in which he literally called for Americans to unite against the Republicans. He said that Republicans were not only opposing the American Jobs Act but that they were actually opposing to the reduction of taxes for middle class families by about $1,000.00. He was giving the speech of “we’ve got to cut taxes” and more so, that he had established a supposed computerized calculator to tell Americans how much money they were going to lose from their pockets if they don’t Stop Republicans. Here is the video,
Now, President Obama was lying once again and the reason lies behind the fact that he is calling for $1.5 trillion in new tax revenue. As professor Lew Rockwell from the Ludwig von Mises Institute noted, the proposed cuts are not real cuts, but cuts in the rate of increase, says Rockwell. He pointed out that the tax hikes are aimed at young entrepreneurs and business people starting out, as the oligarchs don’t like new people moving up in society.
“Taxes are wealth destruction. So anybody that proposes more taxes seeks to make us poorer as a group. However, the elites will make a lot more money out of this.”
More so, Rockwell believes that Obama, funded by the biggest banks, wants to help the ruling class and stick it to the productive class. He argues that the elite bankers, military industrial complex, and big pharma are getting far too rich and must be cut back. Rockwell predicts global inflation will result from the current depression.