Hello, I’m Wayne Allyn Root for Personal Liberty. You know that famous TV show “Are you Smarter Than a 5th Grader?” Well that show has inspired me to ask: “Is Obama smarter than a communist?” Many socialist and communist leaders seem to have learned a lesson that Obama has not.
Remember when Obama said, “I just want to spread the wealth around”? If income redistribution works, if tax-and-spend is a model for America, why are Greece and Spain bankrupt basket cases threatening to bring down the entire European Union? Greece and Spain have both been led by Socialist Party politicians. They both have big taxes, big spending, big unions, big governments — just like Obama wants. Yet both Greece and Spain have unemployment rates above 26 percent and youth unemployment above 56 percent.
With that record of devastating failure, why did Obama just raise U.S. income tax rates to the levels of Greece and Spain? Greece’s income tax rate is 40 percent. Spain’s top rate ranges from 40 percent to 50 percent. In America we just raised the top rate to about 40 percent, plus add in Obamacare taxes, plus add in State and local taxes, and, of course, Obama took away deductions, too. Can you even imagine? We chose to emulate Greece and Spain right at the moment of disaster, at the moment of devastation, at the moment of 26 percent and 56 percent unemployment — right as they are headed into economic oblivion. With Obama’s re-election we chose Greece and Spain.
By the way, with high income taxes and value added taxes (a national sales tax), why are Greece and Spain both bankrupt and insolvent? Why would Obama want higher taxes for America, when Greece and Spain prove the model doesn’t work? Each country is going through a national nightmare. Thousands of trees are missing… because citizens can no longer afford to pay for electricity or fuel to heat their homes, so each night they go into parks and forests to cut down trees for firewood. Families are digging through dumpsters for food. Government employees go unpaid for months. This is what socialism and high taxes get you. And we chose Obama for another four years? Maybe we should check whether American voters are as smart as a 5th grader.
All those Greek voters elected socialist politicians because they promised fat pensions, free healthcare and lavish early retirement. Does that sound familiar? Now, they face unimaginable poverty for years to come. This proves that when politicians promise chocolate cake with no calories, they should be put in prison for fraud.
Cuba has been a Marxist state since before I was born. Its leader, Raul Castro, is a proud communist. Yet Cuba recently passed the most sweeping reforms in its history. Castro is slashing more than 1 million government jobs, cutting entitlements, encouraging more private sector entrepreneurship, giving more power to private companies and reducing state spending.
One of the trademark features of Cuba’s socialist system — the universal monthly food ration — will be phased out. Castro said the ration given all Cubans since 1963 had become an “unsupportable burden” for Cuba’s bankrupt and crumbling government.
So get this: A Cuban communist leader is cutting 1 million government jobs and eliminating Cuba’s version of food stamps. Meanwhile, Obama keeps adding government jobs and food stamp use is setting all-time records in America; 47.7 million Americans are on food stamps. Tell me again: Who’s the communist and who’s the capitalist?
Even Russia’s Vladimir Putin (then serving as prime minister) seemed to have learned a common 5th grade history lesson on socialism, when during a 2008 speech at the opening ceremony of the World Economic Forum in Davos, Switzerland, he stated: “In the 20th century, the Soviet Union made the state role absolute… In the long run, this made the Soviet economy totally uncompetitive. This lesson cost us dearly.”
Putin and Castro have learned their lessons from experience. But Obama? It sounds like he needs to attend re-education camp. Or at least do over the 5th grade.
Obama just raised our income tax rates to 40 percent and eliminated deductions; and, of course, he’s already passed a raft of new Obamacare taxes. He wants to take the cap off Social Security taxes and add a VAT tax (national sales tax). Add it up. Under Obama, Americans could soon have a tax rate above 70 percent. Not the super rich. These rates will apply to small business owners.
Now contrast those taxes with today’s tax rates in formerly Communist countries:
- Russia: 13 percent flat tax.
- Bulgaria: 10 percent flat tax.
- Georgia: 15 percent flat tax.
- Romania: 16 percent flat tax.
- Czech Republic: 15 percent flat tax.
- Albania: 10 percent flat tax.
- Kazakhstan: 10 percent flat tax.
- Lithuania: 15 percent flat tax.
- Slovakia: 19 percent flat tax.
- Bosnia: 10 percent flat tax.
- Serbia: 12 percent flat tax.
- Hungary: 16 percent flat tax.
- Estonia: 21 percent flat tax.
So ask yourself again, “Is Obama smarter than a communist?” Looking at those tax rates, it would be easy to mistake the United States under Obama for a socialist country.
While the big-tax, big-spend, big-government economies of Europe are floundering, examine how the low-tax model is performing around the world. Hong Kong, with its 15 percent flat tax and no capital gains tax, has 3.3 percent unemployment. That’s down in the 4thquarter of last year from 3.4 percent in the quarter before that.
Singapore has a tax of 3 percent to 20 percent, with unemployment at a remarkable 1.9 percent.
Obviously, high taxes kill jobs. Case closed. Obama must have missed that 5th grade lesson.
So I’ll ask the question again: Is Obama smarter than a communist? Perhaps someone should sit Obama down with all these communist and ex-communist leaders and get him educated. Fast. Before the U.S. economic collapse is beyond repair. Before the America we know and love is gone forever.