Posted Jan 18, 2015 by Martin Armstrong
Obama is at it again. He want to target the “rich” which is household income soon to be $200K+ and prevent them from leaving assets to their children as well as raise taxes on their investment. This definition of the “rich” is really not salary, but profits from investment. How about starting with politicians? They are not taxed on donations and het to keep what they raise not to mention they run their personal expenses through the laundering mechanism of political donations. Then Obama takes Air Force One to Palm Beach several times a year so he can go play golf. Those golf games cost the taxpayer well in excess of $25,000,000. He uses the government tax free and lives like a king and will for life and never pay a dime. How about starting with Washington. We could save $350 billion in 10 years eliminating political tax-free junkets.