True to his unshakable belief in constantly growing government, Obama used his State of the Union Address to insist on more federal spending and more taxes on successful individuals and businesses. Hans Bader of Competitive Enterprise Institute runs down the depressing list of taxes in this post.
Most other industrialized nations have been reducing their tax burdens, but Obama won’t tolerate any such deviationism here. The US government must siphon more and more out of the productive sector and into the maw of the federal government so that he and his fellow statists can blow it on all kinds of things the feds shouldn’t be involved in at all — like universal pre-school and “free” community college.
Looking on the bright side, we have less than two more years to endure BHO. As Adam Smith observed, “there is much ruin in a nation.” Perhaps we will rebound from the years of statist pummeling.
