Obama's Spreading of the Wealth - A Real World Contagion
If Obama's plans are enacted he would not only pay higher Federal Income taxes but dramatically higher FICA taxes on each extra dollar he earns. He has done the math and as his business is going today he would lay off 25% of his workforce under Obama's more repressive tax program, that is ten people. Those ten people would not be paying taxes locally or federally, they would likely draw unemployment and possibly welfare, they would be spending less in our economy. Further this man's business would not be doing those small lot jobs at discounted prices for other small businesses, further spreading this high-tax-induced contagion to other small businesses and their employees. Barack Obama's plans would spread poverty rather than wealth.