This Proposal is for the Rich Who Want to Be Taxed More

This proposal is the solution to the tax impasse problem between the Republicans and Democrats. Since most super-rich people are liberals and Democrats (e.g., George Soros, Warren Buffett, Bill Gates, Stephen Bing, Peter Lewis, Herbert and Marion Sandler, Lloyd Blankfein, Robert Rubin, Steven Kirsch, et al.), the Republicans should steal the initiative away from the Democrats just as Bill Clinton hijacked NAFTA from the Republicans. The Democrats are going to blame the Republicans no matter what happens anyway. Why not be blamed for actually doing something?

Therefore, the Republicans should apply the Pareto Principle (or 80-20 Rule) and raise the tax rate on rich people making $1,000,000 or more per year to 80% (even higher than the 75% that France had increased on their rich people). What this does is to put the ball in the Democrats’ court. John Boehner should pass the bill in the House and send it over to the Democrat-controlled Senate. Now, we will see whether Harry Reid and the Democrats will put their money where their mouth is and pass the tax increase. If they pass the bill, then Obama will need to sign it. Could you visualize any potential angst there?

The thing that will result from this action is that many of the super-rich people will transfer their money overseas to foreign banks and countries. Furthermore, many of these super-rich people will move to foreign countries (Canada, Mexico, Australia, Hong Kong, Central America, and other such places to avoid the 80% income tax). Now, we will see all of those super-rich Democrats, who say they are happy and willing to pay their fair share of taxes, squirm a bit until they can figure out what they can do to limit their tax exposure. Okay. So be it. The rich folks’ fair share of taxes is in accordance with the Pareto 80-20 Rule where the rich (defined as those who make $1 million or more per year) pays for 80% of the taxes and the middle class pays for 20% of the taxes.

We will now see what Barack Obama will say about “spreading his own wealth” to the poor and middle class. Let us see him support his desire to raise the taxes on the rich. Let us see what he thinks when the liberals and Democrats will move their money overseas as well as physically move out of the United States to other countries to avoid the Obama taxes. There you go! Let Obama put his rhetoric where his money is. Obama is destroying America. We might just as well help him accomplish his goal faster. After we get rid of him, we then can rebuild the country from the bottom up. That is the only way we can do it. So let it be written; so let it be done.