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Levin: ‘We’re Gonna Collapse’ Under Obama’s Tax Plan; ‘There’ll Be No Wealth’ To Worry About

Home - by - November 16, 2012 - 08:00 America/New_York - 12 Comments

CNS News

“We’re gonna collapse. We won’t have to worry about the rich…because there’ll be no wealth,” radio host Mark Levin warns about President Obama’s new tax plan to raise $1.6 trillion over ten years.

On his radio program Wednesday, Levin said:

“[President Obama] says he wants to take – and this is his starting point – $1.6 trillion dollars out of the hands of the private sector. And the private sector is what hires and employs most people in this country, and creates wealth in this country. Not Obama.

“$1.6 trillion dollars over 10 years out of the private sector and give it to the government. In addition to the every year, almost $1 trillion dollars in that stimulus bill that just goes on each year. In addition to the increases across the budgets- the nonexistent budgets, but the budgets for the different departments- every single year.

“We’re gonna collapse. We won’t have to worry about the rich; we won’t have to worry about the middle-class. There’ll be no class, because there’ll be no wealth.

“You bring down people who create things in this country- the productive people- you bring down everybody. There has to be people who raise the capital to make investments, who risk everything and create employment.

“That’s how you create employment, that’s how you create wealth and opportunity. People raising capital, investing it, reinvesting it, taking risks, expanding. And Obama says, ‘Whoa, whoa, whoa. You’ve got too much money, that’s not fair. We the government- we’ll figure out what do with it.’

“And then, to make matters even worse, it will have zero impact on the debt. Zero.

 

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» 12 Comments

  1. CrustyB

    November 16th, 2012

    Does Obama have any solutions that don’t involve stealing or violating people’s freedom?

    Thumb up +7

     
  2. Dr. Tar

    November 16th, 2012

    Silly conseratives, Teh One has only 4 years left now to usher in the utopian Socialist society. He’s secured 1/6th of the economy in to gov hands with the (Un)Affordable Care Act. That leaves 5/6ths to go in only 4 short years.

    Collapsing the economy down some is going to mean less for the government to take over and to control. Besides, the government has been far too generous for too many years letting private citizens keep the money they earn. Why they may think that wealth actually belongs to them.

    No, its time all you “crazy” capitalist realize that just letting people freely choose where to spend their money, where to work and (heaven forbide) keeping money away from the government by property possession just isn’t going to get us to our utopian future of free birth control, gay marriage and no border control. It time you understand that we stupid citizens are no longer capable of taking care of our selves and of making decisions on the best use of the nation’s resources. Nope, its time we all turn our lives over to the experts like Sebelius, Chu and Salazar.

    Foward! I say

    Thumb up +5

     
  3. IronyCurtain

    November 16th, 2012

    Love when Obama says, “We’re just ASKING those at the top to pay more” and not one journalist dares say, “Ask? Don’t you mean you are forcibly confiscating their incomes?”

    Noteworthy Comment Thumb up +11

     
  4. Mountain Dog

    November 16th, 2012

    That’s the plan. 0bama is obsessed with destroying America.

    Thumb up +6

     
  5. McFartus

    November 16th, 2012

    You would think with all the golfing this pussy does, he would know by now not to bend his knees so much while putting. But by now I’ve firgured out he likes to b on his knees!

    Thumb up +2

     
  6. Jerry Manderin

    November 16th, 2012

    There has to be SOMEONE out there who can expose all his records he’s hiding and bring this fraud down.

    SOMEONE…

    Thumb up +2

     
  7. Menderman

    November 16th, 2012

    Well, that’s smart! Raise taxes $1.6 trillion over ten years to cover a $1.6 trillion annual deficit!

    umm…..QUIT FRACKING SPENDING SO FRACKING MUCH MONEY!!!!

    Any spending above 20% of GDP should come directly out of the following peoples pockets:

    535 Congressmen
    100 Senators
    9 SCOTUS
    POTUS
    VPOTUS

    Thumb up +2

     
  8. Menderman

    November 16th, 2012

    Speaking of the collapse:

    http://lygsbtd.files.wordpress.com/2012/01/twinkies-grave.jpg

    Add another notch to obama’s ‘big schtick’.

    Thumb up +2

     
  9. Kevin R.

    November 16th, 2012

    “Save for prosperity.”

    That use to be common knowledge. Prosperity is created from savings. I was watching an old British movie and there was a banner with that message on a building in a pan of an after-war city-scape.

    Obama is destroying savings and making it impossible to save.

    But I guess that was all part of the “policies of the past destroyed the economy.”

    Thumb up 0

     
  10. Billy Fuster

    November 16th, 2012

    Kevin–savings will now be burying valuables in coffee cans in the back yard.

    Thumb up 0

     
  11. Billy Fuster

    November 16th, 2012

    Everyone who pays income tax is enabling this s.o.b.

    Thumb up +1

     
  12. Kevin R.

    November 16th, 2012

    You got that straight, Billy.

    Thumb up +1