Day in and day out, ABC’s John Stossel is brilliant. Absolutely brilliant. Here’s what he had to say about Obama and taxes:
Apparently President Obama wants America to lower taxes and shrink the regulatory state. After all, during his trip to Africa, he said: “No business wants to invest in a place where the government skims 20 percent off the top”.
But of course the American government skims off much more than 20%. Federal taxes alone are roughly that, and when you add in state and local levies, plus the burden of regulation, government in America eats at least 40% of GDP.
If African governments’ skimming off 20% is a bad thing, why is America’s 40% okay, and why is the President trying to make government bigger?
This is particularly timely since Democrats much-vaunted healthcare plan and is all built around tax increases or surcharges or whatever they’re calling them today.
Love you, John. In the manliest of manly ways, of course.
Source: John Stossel/ABC
