Friday, December 7, 2012

Taxing the Evil Rich

So Obama wants $1.6 trillion in revenues by raising taxes on the rich; calculated over a 10 year period, annual revenues amount to $160 billion. Yet the government spends about $10.46 billion a day (actual in 2011), that makes taxing the rich 15 days worth of spending.

Now, Obama states that he created five million jobs (public sector) with his stimulus of $800 billion in 2009. So, using his math then, the private sector would not be able to hire about 1 million people per year (10 million in the 10 year period) with the confiscation of wealth.

Barack Obama, do the math.