The Obama Legacy | WHAT REALLY HAPPENED


The Obama Legacy

I’ve asked dozens of friends and acquaintances if there is any limit on how much federal, state and local governmental entities can take from their citizens. Most look at me with a blank stare. Most have never given it a thought.

Clearly the thought has not crossed the minds of many in Congress. We hear some, those that are proudly labeling themselves as “socialists,” righteously telling us the rich need to pay their “fair share.” The most vocal are calling for a 70% to 90% tax rate on the “rich.”

These pontificating self-righteous paragons of nothing certainly have not considered the question of whether there is a limit on how much government can take from its citizens.

Prior to 1913 the limit on the federal government was effectively set by denying it most tools for taking citizens’ earnings. America’s first totalitarian socialist president, Woodrow Wilson, pushed through the 16th Amendment to the Constitution. This allowed the Feds to tax our individual income.

The debate on the 16th Amendment provided assurance that, if passed, the amount of a federal income tax would never likely exceed 2%.

Webmaster's Commentary: 

Comments

SHARE THIS ARTICLE WITH YOUR SOCIAL MEDIA