Brian,
I'm sure we agree on a lot of things, and I'm not trying to pick a fight, but before concluding that "We will experience the greatest redistribution of wealth this country ahs ever seen... we will see the greatest increase inj taxes this country has ever seen," it's worth taking a look at income tax rates in the U.S. from a historical perspective:
http://www.taxfoundation.org/taxdata/show/151.htmlI don't like high taxes either, but it's hard to imagine even in the worst case that upper bracket rates under Obama will be anywhere near as redistributive as they were for much of the 20th century.
Proportionally I would wager that I am correct if he returns to even 50% max MTR.
Obscenely high rates happened before, there is nothing that says they cant/wont happen again. But to look at those rates which ran as high as 91%; at that time in our history far fewer people were in the middle and uppe middle class. the numbers that were affected by that high rate were far smaller than now. But the rates existed because they were legislated. And you cannot deny he has an extremely liberal social agenda for leveling the playing field and taking pieces of the pie.
The bottom 40% of wage earners pay no income taxes at all. He already said he would raise taxes on all wage earners making over 250,000. Thats a lot of small business owners . they dont pay corporate income tax, they pay it on their gross income only which is what the business earns. Take from the haves and give to the have nots.
Whenever someone starts talking about fairness and economic justice they are enaging in class warfare.
If you think for a minute that we dont have to worry about the MOST LIBERAL MEMBER OF CONGRESS who is now President Elect not wanting to push his own agenda you are living in a fantasy land. Executive orders dont require anything from congress. BHO will be able to legislate whatever he wants without anyones say. he cant you say! Look how many times Bill Clinton used executive orders to do what he wanted.
Will this happen overnight. no. But just like the lobster that you put in a pot of cold water and turn on the stove and he finallyt boils to death without a struggle becuase he gets used to the water as it gets hotter unhtil he is paralized and then cooks, it will creep up on us.
With an executive order BHO can ban whatever he wants. He does not need congress. besides which, both houses are Dem controlled and when the Messiah speaks they will bow down.
This is my opinion. Do I hope I am wrong. yes I do. Does that mean I dont anticipate possible problems. No.