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In the name of a health-care overhaul, Commufascisocialityrantking Barack Obama is moving another step closer to guaranteeing he'll be a one-term president by promising to confiscate nearly 60 percent of the wealth generated by society's most productive citizens.
Under the bill, three new tax brackets would be created for high earners, with a top rate of 45 percent for families making more than $1 million. That would be the highest income-tax rate since 1986, when the top rate was 50 percent.
The legislation is especially onerous for business owners, in part because it penalizes employers with a payroll bigger than $400,000 some 8 percent of wages if they don't offer health care.
But the cost of the buy-in to the program may be so prohibitive that it will dissuade owners from growing their businesses -- a scary prospect in the midst of a recession.
We need an overhaul all right. Maybe with regard to a political philosophy that sees a return to all that "freedom" I always hear so much about. Just a thought.
