As American teeters at the edge of the fiscal cliff, and most of the Lamestream Media gave saturation coverage to Powerball mania, it may be instructive to use the lotto fever paradigm to explain the futility of “soaking the rich” via President Obama’s unceasing class warfare campaigning as governing strategy.
As the Heritage Foundation’s graphic illustrates, even confiscating all of the lucky Lotto winners gross (granted government already takes around 50%), this would only fund the Federal Government for 86 MINUTES.
... If the American public thinks that by soaking the wealthiest one percent, it will balance the budget, then lotto luck. If they are able to engage in critical thinking, it would behoove them to determine what is someone’s “fair share”. Moreover, since the Obama Administration has defined millionaires downward to just $200,000, they should discern how low the label of the wealthy will go when seizing true millionaire’s incomes only funds the government for around just 100 days. As Ayn Rand observed in Atlas Shrugged: “If you don't know, the thing to do is not to get scared, but to learn.” READ MORE at DCBarroco.com
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