ECONOMICS 101

Reagan entered office and 1981 had 70% tax on high income (only $215,000) bracket. This meant 70 cents of each dollar you earn over a certain dollar amount was lovingly given to the Government. Folks, we have to understand that earning $215K isn't much - and for those of you in California - YOU SHOULD SAY AMEN!

Reagan left and the tax was down to 28%! Seriously, check it out yourself - while *here* look at the top brackets in history. Much different!

Unemployment was down dramatically though the tax rate was slashed. Inflation was back in check. Tax income to the Government actually increased. WHY? Because more money was kept in the private sector. When you do this, businesses thrive, people invest incomes in business which helps business grow, businesses hire, people work, taxes are paid all around - WIN/WIN scenario for all.

To continue with extreme simplicity, Obama's desires are to hack away at your income and give it to others. Democrats hate the fact that taxing does not work. They hope to feed you and keep you happy with their pork barrels and such, but they know it doesn't work. What is sad - there are many RICH democrats, and they are keeping the little guy little. Despite what you think democrats are not their to help the little guy. Wake up and smell the coffee!

To steal from RUSH, take sports as an example: Alex Rodriquez makes a ton of moola - 270Mill contract or something! However, a "pauper that is on the KC Royals may only make 2Mill." That is not "fair." We must do something about this. Let's give the 'paupers' out there a few Mill from Alex and bring his income down to say 5Mill with everyone else. DO WHAT? Alex performs, has the talent, the record - he is worth the extra pay!

What is sad, there is probably a reader out there that agrees with the above. Let's bring it home. You have an education, a degree - you have history, investment into yourself and your career. Joe Slob does not. He cannot even spell education. However, he makes a ruckus and the Government decides he deserves the job you have more than you do. Better yet, they put him in the office next to you - took you four years to get there - plus your education! They pay him the same as you...in fact, your salary was cut to help pay his!

Now what do you think? See this is the problem with socialism. It doesn't work: no incentive, no challenge, no reward. It debases everyone, weakens the system, brings everyone down. Hmmm, seems like our public education?...Why do you think America has produced so much of the world's technology? Because we used to value challenge, betterment, excelling. Now, the technology we created is being enhanced by other countries.

For more intellectual read and highly more in depth - check out Frederick von Hayek and his works. Milton Friedman is another great thinker!