1. In 1965, Barack Obama, Sr. wrote in the East Africa Journal the following: We need to eliminate power structures that have been built through excessive accumulation so that not only a few individuals shall control a vast magnitude of resources as is the case now. How? Well, the state can take over large segments of the commercial or private sector. And, he said, there is no reason to worry about economic freedom or individual rights We have to look at priorities in terms of what is good for society and on this basis we may find it necessary to force people to do things they would not do otherwise. 2. In an article from 1965 entitled Problems Facing Our Socialism, Barack Obamas father stated: Theoretically, there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed. . . It is a fallacy to say there is a limit (to tax rates), and it is a fallacy to rely mainly on individual free enterprise to get the savings. Barack Obama Sr. "Tax 100% of income." Like Father, Like Son? | Peace . Gold . Liberty | Revolution 3. Lets examine the kind of thinking of the Left, the kind that supports there is nothing that can stop the government from taxing 100% of income Economist Arthur Laffer states that there are two levels of taxation that produce identical levels of revenue, both producing zero. The first case is obvious: a government tax rate of zero it takes no money. A 100% tax rate produces the same result: taking everything gives absolutely no incentive to work. a. Is it possible that there is a gene for Leftist thinking???? And our President inherited it??? 4. No? Well, then how does Mr. Obama, junior justify doubling the capital gains and dividend tax rate to 30 percent from 15 percent today? The motivation, it seems, is the basic issue of tax fairness: This is a recurrent theme for Obama. In a 2008 debate between Obama and Hillary Clinton, ABCs Charles Gibson asked Obama why he would support raising capital-gains taxes given the historical record of governments losing net revenue as a result. Well, Charlie, what Ive said is that I would look at raising the capital-gains tax for purposes of fairness, Obama replied. This moment revealed that Obama isnt simply or even primarily interested in raising taxes for economic reasons (e.g., raising revenues or spurring growth). He sees taxes through a moral prism, as an instrument to advance fairness, which he takes to mean leveling higher taxes on wealthy Americans in order to decrease income inequality. Liberals, Conservatives and Tax Fairness « Commentary Magazine a. Liberal folks regularly complain about religion in the public arena, carping about turning our nation into a theocracy .but without an economic basis for taxation, it is no more than a religious belief to set policy on such a basis. But Obama, sr and jr represent the socialist religion that is undergoing a 'reformation' elsewhere.... 5. "The EU's welfare states are going broke, and the knives are out for their budgets and the politicians who have supported the EU project. Voters to the north are electing anti-EU candidates who are lecturing about "responsibility" and "thriftiness" to profligate neighbors such as the "lazy" Greeks, Spanish and Portuguese, as German Chancellor Angela Merkel described her southern partners in May. European Council President Herman Van Rompuy summed up Europe's situation: "We can't finance our social model anymore." In Europe, economic meltdown tears at unity Our President is not smart enough to catch what is blowin' in the wind.