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Old 10-30-2008, 07:57 AM
 
Location: 32°19'03.7"N 106°43'55.9"W
9,375 posts, read 20,811,922 times
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My predictions, and they are dead serious.

In addition to lowering the tax increase threshold after about 1 month in office, I predict in no short order,

1) A shifting of SS and Medicare taxes to people who 'have the ability to pay them'. You'll likely see an exemption of payroll taxes for the first 15-20k of income. This further curries favor to the socialist bloc, namely, those working in unskilled or semi-skilled positions of employment. However, such an exemption will require the fund to be recouped. In order to offset the exemption, you'll see the cap of about 90k a year on the SS tax rise to about 120 to 130k a year. That's another way socialists will shift the burden from people who earn more money to people who don't make as much. In fact, I wouldn't put it past a Socialist fillibuster-proof congress to lift the cap completely and have people pay SS taxes on every penny they earn.

2) There is a good chance that the middle class will lose their home mortgage interest deduction, again, with a fillibuster-proof congress that bows to the alter of Karl Marx. Why? Because the mortgage interest deduction is only valuable to people who actually pay income taxes (which is only about 58% of the population) and filiers that itemize their deductions. The core constituency of the socialist party are principally comprised of people who make less money, or unemployed. You notice a youth movement towards Obama, the 18 to 24 group. These people for the most part, don't own property. If you are looking to groom a future constituency for years to come, you start by endoctrinating demographically younger people. This is another rationale behind socialism (as witnessed recently in the Kelo vs New London verdict) in that private property rights will be frowned upon. Property ownership is a principal hallmark of the Constitution. Look for this key American ideal to be encroached upon in the next two years.

3) Appointment of lower court judges who legislate from the bench. This is a real biggie IMO, when asked what kind of judges Obama would appoint in a Democrat primary debate, he replied “the empathy to understand what it’s like to be poor, or African-American, or gay, or disabled, or old.” This is extremely shaky grounds when it comes to meting out jurisprudence. The more appropriate response would have been along the lines of someone who interprets the Constitution and upholds the existing laws of the land. Instead, this revealing answer suggests a future lower court makeup that largely resembles the notorious 9th circuit court.

4) Socialized Medicine. There are two basic reasons the Democrats are working so hard for complete government control of this huge segment of our economy. One, of course, is power. Health care comprises about 15% of our national economy. If the government can seize control of this large a segment of our economy a giant step toward a socialist economy will have been achieved. The second reason is control. Think about it. If you control a person's access to healthcare, you effectively control that person. Democrats live in quaking fear of free market competition. This was one of the reasons they worked so hard to defeat Bush's economic stimulus plan. There was a provision in that plan that would allow laid-off workers to go out into the marketplace to find health insurance. They would then be allowed a tax credit to cover the cost of that health insurance premium. Democrats wanted federal funds to be paid to employers to encourage employers to extend health insurance benefits to laid-off workers. Democrats knew that if private individuals ventured into the free marketplace to find health insurance they might just find that free market competition could deliver a superior insurance product at a reduced price.

5a) Pension funds will be taxed. Back in 1993 (there are many short memories here) the Clinton administration floated a trial balloon whereby a 15% tax on the outstanding balance of private pension and 401k retirement plans would be levied. Back in 1993, Democrats had control of congress, but the supermajority here would be much stronger, and willful. This money will be used to pay the general fund to fuel the 1.25 trillion in new spending Obama proposes. I also believe your contributions will be taxed with a socialist congress. My employer matches me 3%. To a socialist, that's unfair, because someone working in a service sector job, for instance, doesn't have a similar opportunity.

5b) Your pension fund investments will be under full control. This red herring will be retitled something along the lines of economically targeted investments. The government grants various tax breaks to your retirement plans. Tax breaks are usually granted to force some individual or corporation to act and behave in some manner pleasing to government. I believe you'll see plans to change the rules on pension and 401K accounts. Instead of just investing these funds in stocks and bonds, fund managers will be required by the government to invest these funds in certain investments dictated by government.

6a) Government subsidized childcare. Each year, privately run child care organizations are mandated to capitulate to more government regulations, which, in turn, drive up operating expenses. At some point, there will be an appeal to families by the Obama administration to allow the government to step in and provide universal child care. If the government steps in and provides centrally controlled funding, again, you create a dependency on government.

6b) Force employers to pay for family leave. Right now, the Family Leave Act allows 12 weeks of unpaid family leave to take care of family situations. Socialists will lobby to mandate the leave as paid. And should this occur, you'll see increasing exodus of businesses overseas.

7) The Fairness doctrine will be reimposed. Talk radio will be neutralized through regulation, because it is the only area of the mainstream media that offers dissent from socialism.

8) A 'salary cap' on executive salaries. This notion has already been bandied about in congress. Should Obama become president, this measure will be signed into law. Biden has already stated that CEO pensions will be sought after. There is a very anti-CEO sentiment in this country. You'll witness an increase in corporate income taxes for any company that has executive salaries exceed a certain $$ threshold.

These are just a few of what I fear would transpire, should the socialists successfully capture a supermajority. As much as an Obama presidency would harm this country, the emerging and growing supermajority in congress disturbs me even more, principally because their approval is even lower than Bush's. And yet, they are poised to gain more seats. It makes absolutely no sense to me.

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