Lying Works: Obama Would Increase Taxes on Just 1% of People, But 53% Think This Includes Them

Daniel,

I agree that many Republicans still mistakenly think that their income will be taxed more by Obama than McCain. These people think this way because that is how things have been for the last few elections. But are wrong with this election. Only people that make over $115k directly benefit under McCain's tax plan. So then what about the Republican's who look at this chart and say "whatever, doesn't change anything"? Why would they intentionally vote for someone who will tax them more than the other guy? I can't speak for all of them, but I am sure many believe in Milton Friedman's free markets, Reaganomics, or even Ron Paul's libertarianism. And all of those philosophies share the idea that rich people employ poorer people, and to forcibly take their money away to give to the poor discourages them from investing, starting new businesses, taking risks with new technologies (like clean fuels), giving their employees raises, hiring more people or even just keeping their company in the US. An 11% tax increase to those that make over $3 million may seem reasonable at first but think about what that means. Who makes over 3 million dollars? Business owners. What happens when they lose 11% of their income? Do they carry on as usual? No, they adjust their business practices by cutting spending. This means people get pay cuts, get fired, lose medical benefits, or get their jobs outsourced.

So you may say: "Well ok, that is possible, but the money from those taxes are still getting to the middle class in the form of tax cuts or gov't benefits. Or the taxes are going to fund alternative fuel research by the gov't." True, but how much of it? How much does government get to keep out of that? And how well does the govt do at distributing resources compared to the free market?

The thing is, I DO believe that Obama's plan might get us out of this mess (a mess created by regulations and govt intrusion into free markets to begin with) but these policies better be temporary. We may see a quick decrease in poverty and a quick increase in the economy but I am worried about 5, 10, 15 years in the future as people start to think that the free market is broken and it takes socialist programs to make this nation function properly. That is when we see our nation stall like Europe and watch nations like India, China, and Russia become increasingly capitalist and pass us by.

What part of 'stealing other people's property' don't you liberals get?

Just because someone has more than you, does not entitle you to vote their property away from them.

That is what a true democracy does (the two wolves outvote the sheep as to what is for dinner).

Wealth re-distribution is communism and I don't care what you useful idiots repackage it as.

If you want to see how your style government works, go live in Cuba.

TimME,

I have that very chart taped to my cube. I've shown them; they are unimpressed with facticiousnessitude.

This election is different. I think Obama is a tranformative candidate that could truly save America.

But he's black. And McCain only has to lie enough to appeal to all the racists who won't admit that they are racist even to themselves.

Those lies give them cover. Those lies allow them to sleep at night and not confront the fact that they are voting for an idiot.

Please show them this chart.

http://www.reddit.com/r/Economics/comments/6ud53/obamamccaintaxproposalchart/