I know I can’t be the only person that understands the real reason for the sell off on Wall Street. People with any money put away are scared to death of an Obama presidency.
He’s flat out said he’s going to raise taxes on business owners, individuals, and corporations. These entities already don’t have enough operating capital and he wants to take more out. If you’ve got money put away, you know it’s in jeopardy if he’s elected.
There’s no way any person with any business sense can actually believe that raising taxes and raising spending is going to do a damn bit of good. It’s going to throw our country even deeper in the hole.
As an example, let’s pretend your family is a business and times are tight and you’re having a difficult time making your mortgage. Then Obama comes along and says he represents change. Sounds good.
But what is he going change? He’s going to raise your taxes and the taxes of those you do business with, that’s what he’s promised to change.
Now not only do you have less money in your pockets because of Obama’s tax increases, but those that buy from you have less so they’re not buying. You no longer can afford your mortgage if you plan on feeding your children.
That’s some change.
Remember the “Misery Index” under Carter, the worst president of all time? It’ll come back, but with a vengence.
If you keep thinking it won’t have an effect on you because you make less than $250k, think again. $250k isn’t much as a sole proprietor or small corporation. Even if you work in a gas station, retail store, restaurant, or any occupation in a myriad of sectors, you’re facing some difficult times because you just may be let go so the extra taxes can be paid.
That’s some change I can really get behind. Yeah, right.