Thursday, February 23, 2012

Obama's Sheriff of Nottingham Plan

By Donald Sensing

Robin Hood took from the rich and gave to the poor. No doubt, that's what millions of Americans thought that is what then-candidate Obama meant when he told Joe "the plumber" that he wanted to "spread the wealth around."

Well, we can see where that wound up in the president's just-announced plan to raise overall taxes on corporations. The American Spectator: Obama's Corporate Tax Hike:

When we see the details, however, expect the closed loopholes to target oil and other non-"green" energy companies with particular aggressiveness, meaning higher gasoline and home heating oil prices for all Americans. After all, Obama needs to pay for his increasing the subsidy for the Chevy Volt from $7,500 to $10,000 per vehicle -- for a car whose average buyer has an annual income of $170,000. Now that's income redistribution!
And so the Sheriff of Nottingham - taking from the poorer to give to the richer.

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