Quotes of the day

“If the most productive members of society—those who create the majority of jobs—are taxed we will have fewer jobs. It’s the old rule that if you tax something you get less of it. While Obama is killing jobs by taxing the productive, he proposes to ‘renegotiate’ NAFTA and other trade deals thus putting the one bright corner of our economy, the export sector, in his crosshairs. Obama has a million schemes to redistribute the wealth of the top five percent, (who by the way, already pay more than 50 percent of the taxes in our steeply progressive system). He wants to provide college for ‘anyone who wants to go and agrees to perform community service,’ and community development block grants, and childcare, and universal pre-school, and housing, and retirement and on and on. He seems determined that more people will ride in the wagon than pull it.” —Mona Charen

“Supposedly, under the Obama tax plan, 95 percent of the American people will get a tax cut. You’d think that at this point the natural skepticism of any sentient being other than 6-week-old puppies might kick in, but apparently not. If you’re wondering why Obama didn’t simply announce that under his plan 112 percent of the American people will get a tax cut, well, they ran it past the focus groups who said that that was all very generous but they’d really like it if he could find a way to stick it to Dick Cheney, Rush Limbaugh, Karl Rove and whatnot. So 95 percent it is...[O]ur Fact Check Unit ran the numbers on the Obama tax-cut plan and the number is correct: ‘95.’ It’s the words ‘percent’ immediately following that are wrong: that’s a typing error accidentally left in from the first draft. It should read: Under the Obama plan, 95 of the American people will get a tax cut. Joe the Plumber expressed his misgivings about the President-in-waiting’s tax inclinations, and the O-Man smoothly reassured him: ‘It’s not that I want to punish your success,’ he told the bloated plutocrat corporate toilet executive. ‘I just want to make sure that everybody who is behind you, that they’ve got a chance for success, too. I think when you spread the wealth around, it’s good for everybody.’ In that sentence about you spreading the wealth around, there’s another typing error: that ‘you’ should read ‘I, Barack.’ ‘You’ will have no say in it.” —Mark Steyn

Editor's note: Considering that far fewer than 95% of Americans actually pay taxes, saying that 95% will receive a tax cut actually means that a considerable percentage will actually be receiving checks. This is known as income redistribution, one of the cornerstones of socialism.

Also, keep in mind that the President doesn't make tax law, Congress does. Still, if Obama is elected and has a compliant Democrat-controlled Congress, especially if they should achieve the magic number of 60 Senate seats, well I for one will have no choice but to welcome our new Socialist Overlords.