"Foreign aid might be defined as a transfer of money from poor people in rich countries to rich people in poor countries." - Douglas Casey, Classmate of Bill Clinton at Georgetown University

Tuesday, January 16, 2018
Categories Unreal Headlines It's Only Fair To Tax The Wealthy, Obama Says: 'They Are Society's Lottery Winners'
“In yet another attempt to stoke the wealth divide that he, and the Federal Reserve have created and pushed to French revolution levels, yesterday Barack Obama had some more comments about the uber wealthy, the same uber wealthy who are shoveling hundreds of millions of dollars in "speaking fees" and other contributions into the charity of that other Democratic middle-class champion, Hillary Clinton.

(And speaking of France, maybe Obama should speak to that other socialist Hollande about how France's 75% tax on millionaires worked out).

In this particular case he was envisioning America's hedge fund managers as an example of all that is uber-wealthy, the people who indirectly through personal and corporate lobby money are in control of Congress, and was hinting at yet another attempt to raise their taxes. As Bloomberg reports, Obama whose crowning achievements are one by one being taken away from him, with Obamacare in peril and the TPP crushed by his own Democrats in the Senate, has had a longstanding proposal to raise taxes on what is known as carried interest. It has gained little traction in Congress and certainly hasn't been approved by Obama's own tax advisor Warren Buffett, who is all for raising income tax but is oddly mum on the topic of financial asset taxation.

Still, Obama has not given up and once again invokes the infamous fairness doctrine, saying that "fairness demands that the nation’s wealthiest pitch in as more and more Americans are falling behind.”

Channeling his inner-Marxist, Obama goes on the record. What? You didn't know Obama was a Marxist? You probably aren't aware of Hillary's leanings either, or you choose not to believe your lying eyes -

FULL STORY

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