Mostly with Democratic votes, the Republican-controlled House of Representatives on Tuesday voted for what the Obama Administration said was “the most progressive income tax code in decades.” It was Karl Marx who called for a “heavy progressive or graduated income tax” system in order to redistribute the wealth and establish a socialist state.
The bill was brought to the floor by Republican House Speaker John Boehner, who voted for it, without a spending cut amendment. He says he will seek “entitlement reform and pro-growth tax reform” sometime later this year.
The vote in favor of passage of the tax increase bill was 257-167, with 85 Republicans joining 172 Democrats in the affirmative. A total of 151 Republicans and 16 Democrats voted against.
The liberal media will scoff at the idea that the House voted for Marxism. But a classic John Chamberlain article in The Freeman notes that Karl Marx and Frederick Engels, in the Communist Manifesto, had advocated a heavy progressive tax as a means of despoiling the “bourgeoisie” and “softening middle class society up for the dictatorship of the proletariat.” Marx understood how class envy and jealousy could serve as the basis for the seizure and maintenance of political power.
Scottish economist Ramsay McCulloch said in 1845: “The moment you abandon . . . the cardinal principle of exacting from all individuals the same proportion of their income or their property, you are at sea without rudder or compass and there is no amount of injustice or folly you may not commit.”
That principle is tax equity. As noted by Chamberlain, “a rich man would pay more taxes than a poor man, naturally. But every dollar of assessed property value, or of income, or of spending, would be taxed in equal amount, at flat percentage rates. Dollars would be treated equally, no matter who owned them, or spent them. Thus the citizens would be accorded the ‘equal protection of the laws’ — and their ‘privileges and immunities’ would be equal, as provided for in the United States Constitution. Any other way of treating taxation was regarded as discriminatory, or as putting penalties on ability, ambition, and success.”
Obama and his administration understand precisely what they have achieved and, more importantly, what they forced 85 House Republicans, including Speaker John Boehner, to accept. An Obama administration “fact sheet” declared that “for the first time in 20 years, Congress will have acted on a bipartisan basis to vote for significant new revenue.” The left-leaning Politico trumpets the news: “GOP anti-tax policy goes over the cliff.”
Not only do we now have “the most progressive income tax code in decades”, but the bill that is now law does not include an extension of the payroll tax “holiday.” This means about $1,000 a year for an average worker.
In a story titled “Bigger Tax Bite for Most Under Fiscal Pact,” the New York Times confirms that about 77 percent of households would pay a larger share of income to the federal government this year and that the legislation is expected to reduce economic growth by as much as 1 percent in the first quarter of 2013.
Zubi Diamond, author of Wizards of Wall Street, tells AIM: “If you are unemployed, or behind in your mortgage, or struggling to pay your bills, or your home is underwater, this is not going to change your situation for the better. If anything, it will make it worse.”
Diamond, a successful businessman and stock market investor and trader, came from Africa to the U.S. to seek the American dream. He says Obama’s attacks on the capitalist system are succeeding because people do not realize that Obama’s allies in the hedge fund industry were behind the economic collapse in 2008 that led to his election and that they continue to rig and “loot” the system.
“The perceived unfairness or imperfection associated with capitalism in America today is because of the parasitic anti-capitalist hedge fund short sellers on Wall Street, who are members of the Managed Funds Association,” he argues. “They hide in the body of our capitalist society, and suck the life and liquidity out of our economy by fraud and manipulation.”
Diamond predicts a “double dip” recession that he sees as part of a strategy “to cut America down to size, in order to achieve a global balance of power” that will diminish America’s economic and military clout.
Some experts, however, think that more printing of money by the Federal Reserve will keep the appearance of an economic recovery going.
Christopher T. Mahoney, who retired from Moody’s in 2007 after 30 years on Wall Street, expects to see the Dow around 15,000 by next Christmas. He says the Fed’s balance sheet should grow by $1 trillion next year, a 36% increase over where it is now.
In his “Capitalism and Freedom” blog, he says, “The money supply (M2) has grown by almost $3 trillion since the crash, for a total growth of 40%. Since the crash, nominal GDP has grown from $14 trillion to $16 trillion, an increase of 14%. The Fed’s plan is that by growing the monetary base by about a third in 2013, nominal growth will accelerate to a level that would allow unemployment to decline from its current 7.8% to a targeted 6.5%.”
For his part, Obama said that the legislation which passed the Senate and then the House “enshrines, I think, a principle into law that will remain in place as long as I am President: The deficit needs to be reduced in a way that’s balanced. Everyone pays their fair share. Everyone does their part. That’s how our economy works best. That’s how we grow.”
Commonly accepted definitions of “enshrine” include “to enclose in or as if in a shrine” and “to cherish as sacred.”
Neil Munro of the conservative Daily Caller wrote an article interpreting these remarks to mean that Obama will demand another tax increase for 2013. But Obama did not say how much more “heavy” or “graduated” the progressive income tax should be.
In France, where they have an explicitly socialist government, a proposed 75 percent income tax rate on the rich was struck down as “a breach of equality of taxes” and ruled to be unconstitutional.
Read more columns like this one at AIM.org.
Please share this post with your friends and comment below. If you haven’t already, take a moment to sign up for our free newsletter above and friend us on Twitter and Facebook to get real time updates.
Follow @WestJournalism
Loading ...
A Progressive tax structure is 1 of the 10 Planks of the Communist Manifesto.
I stated this several times lately in other comments here and elsewhere.
Michael– Deo Vindicabamur
Progressive is a 21 century word for COMMUNIST.
@viking
Yup it is!
It’s also a code word for it from the 19th and 20th centuries.
I’d rather use the term Marxist…. but communist also.
Michael– Deo Vindicabamur
UN-progressive Cardboard fronts … remembering that will help us from being surprised at such things! Like Boner still being in ~ insanity. Or, why an acting prez can have a dead man’s SS# and no one in authority does anything about it (Sher. Joe and the Cold Case Posse evidence disregarded). Does prove the point in Scripture, that we live in a fallen world under a curse and sinful, twisted nature – In whom the god of this world hath blinded the minds of them which believe not, lest the light of the glorious gospel of Christ, who is the image of God, should shine unto them. 2 Corinthians 4:4
The happy thought is, one day all this will be changed – not by man or fallen devils – but by Christ Himself! Former things forgotten! Sooner the Better!
John Boehner has proved to be the worst in negotiation judgement and has little or no idea as to why he is the speaker of the house, he has no commonsense or idea about the left and the opponent he faces and will not listen to those who believe the Republican Party Platform has a purpose.
I will give him this much, he did out of fear, avoid voting for that porkers bill to fund the Sandy victims. The vicrims yes, the fat butt thievs that tied it up, no way……
It has been a very difficult and depressing day for me. I have just realized that America is a very scary place to live in right now. With talks of Marxism, Nazism, Socialism and Communism taking over everywhere. Even more talks about the demolition of the Preamble to the Constitution and the Constitution of the United States itself. We watch the freedoms we have taken for granted for many years, going down the toilet and disappearing! Very soon the America we Americans know and love, will be an America we no longer know.. Oh, it will still be here, but what shape it will be in will be unknown. The most a person can do now is cherish, what little they have, while they have it, for they may never have it again!! We could rise up in protest over this, but, they took all our guns away.. Looking into the past for inspiration on what could be done, I look back at the French Revolution in France. The people of France rose up and used anything and everything to fight their wasteful government spending. They physcially fought with brooms, sticks, boards, baskets, reticules, swords and stones, anything they could get their hands on. They even won their fight! We can fight back, however, more than likely most people won’t! It is indeed a sad state of affairs.
i’m not depressed, just saddened, that americans couldn’t see who and what obama is all about. saw this first time when i saw him, in “0″ campaign. pl,orl,fla
@patricia
It’s not that America could not see what Obama was, THEY DO! But it is now only a minority that sees this. The rest, specifically the people that voted for him knows everything, or has heard of everything we have talked about, yet they voted for him knowing these things. This means the majority of the population wants and prefers the government of what Obama is promising them. This goes on tell us many more things, such as the state of morality in the nation today. Obama and the politicians in government is ONLY a reflection of the people who voted them into office. This says volumes about the people which is shown by the actions of government.
Michael–Deo Vindicabamur
I say its time For WAR Lets take our Country Back, Why what for them to git the upper hand?????
AS I HAVE WRITTEN BEFORE, BOEHNER IS A CROOK FROM HELL (BUT OF COURSE, ALL OF CONGRESS AND THE TERRORIST RULING AMERICA IS). WHEN I READ THAT CONGRESS GOT A RAISE, I SAID THE OLD CROOKED “CRYING MADONNA” WILL SIGN ANYTHING FOR THE TERRORIST RULING AMERICA. THEY ACT LIKE THEY DON’T LIKE EACH OTHER BUT I THINK THEY ARE BOTH GOOD ACTORS AND SHOULD BE IN HOLLYWOOD AND OUT OF THE GOVERNMENT. THE SALARIES OF CONGRESS SHOULD DECREASED NOT INCREASED BECAUSE THEY HAVEN’T DONE ANYTHING SINCE THEY WERE SWORN IN, AS WELL AS THE TERRORIST RULING AMERICA. THEY ARE ALL LEGAL MONEY GRABBING THIEVES AND DESTROYING AMERICA MINUTE BY MINUTE. THEY ALL NEED TO BE IN GITMO AND FACING THE FIRING SQUAD. THEY ARE ALL SEWER LINE SPECIMEN.
I STILL CALL FOR THE FEDERAL GOVERNMENT TO BE ABOLISHED AND LET EACH STATE TAKE CARE OF THEMSELVES. THERE WOULD BE TRILLIONS OF DOLLARS THAT THE TAXPAYERS COULD HAVE FOR THEIR OWN USE AND NOT PAYING SALARIES FOR THE “HIGH PRICED PROSTITUTES” IN CONGRESS AS WELL AS ALL OF THE CROOKS IN THE GOVERNMENT. I THINK IT IS MOST DESPICABLE THAT THE CROOKED BOEHNER WAS VOTED AS SPEAKER, AGAIN. THIS PROVES THAT EVERYONE ARE IN SYNC WITH CRIME IN THIS GOVERNMENT. THERE ARE MORE CRIMINALS IN THIS GOVERNMENT THAN MOST PRISONS. THE TERRORIST RULING AMERICA WANT TO ADD ONE MORE LYING PIECE OF CRAP AND THAT IS JOHN KERRY, THE VIET NAM WAR LIAR. HE’S WORSE THAN CLINTON, IF THAT’S POSSIBLE. NO KERRY, NO KERRY!!!! GOD BLESS AMERICA.