web analytics
September 3, 2015 / 19 Elul, 5775
At a Glance
InDepth
Sponsored Post


Home » InDepth » Op-Eds »

How Obama is ‘Saving’ the Middle Class

What Obama means by 'saving' the Middle Class is turning them into welfare clients.

2011186950101688296S600x600Q85

The death tax is just as unfair to those who do not operate a business but have saved diligently all their lives.  Inheritors will be forced to sell stocks, bonds, land, and even precious family heirlooms to pay the tax.

And what happens to all of this money — the proceeds from the family farms, the franchisees, the retail shops, the estates of small investors?  It goes to fund the greatest pay-to-play scheme ever concocted.  It rewards the welfare class, the union bosses, the trial lawyers, the crony capitalists, and the armies of lobbyists and community organizers who support the Democratic Party.

And for this, the entire middle class is to be ground into the dust.  And the country as a whole will be condemned to generations of poverty and serfdom.

That is what is at stake in the current negotiations.  Of course Obama is intransigent.  He is determined to destroy the middle class and force them into dependency, where they will join the mushrooming welfare class — the 47 million on food stamps, the 23 million still looking for work, and the 100 million who have dropped out of the labor force altogether.  He is far more concerned about renewing unemployment benefits than he is about creating jobs.

Obama’s idea of “saving” the middle class is extending unemployment benefits, increasing welfare payments to single moms, and boosting the earned income credit for low earners.  That kind of assistance doesn’t save the middle class — it just turns them into welfare clients.  But, of course, that’s the point.  Move them out of the middle class and into dependency.  And while you’re at it, make them actually believe you’re saving them.

Originally published at the American Thinker, under the title “‘Saving’ the Middle Class.

About the Author: Dr. Jeffrey Folks is the author of Heartland of the Imagination (2011).


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

8 Responses to “How Obama is ‘Saving’ the Middle Class”

  1. Charlie Hall says:

    Why does the JP continue to run uninformed columnists? No US State has state and local income taxes as high as 15%. Dividends and capital gains continue to get a massive tax break, with a top marginal rate approximately half that of those of us who work for a living. (Remember also that dividends and capital gains are also exempt from social security tax.) The estate tax rate is 40%, not 55%, applying to estates over $5 million, not $1 million — and that threshold is adjusted for inflation. Furthermore, the law continues another massive tax break: Not only does an estate of $5 million get exempted from the estate tax, it continues a total exemption from capital gains taxes up to the value of the estate at the time of death.

    Why does the Jewish Press continue to publish such motzi shem ra?

  2. Economics is hard. They know they don't like the president so they hook around for reasons to hate him. Since the facts confuse them, they don't value them; instead, they just make up what they think the facts should be and use their made-up b.s. like they do here, to denigrate the president.

  3. Mark SoFla says:

    Why? Because they're uninformed .. and that's very bad for a newspaper! It appears to me that this article was partially written before the recent tax agreement, and partially written after. In other words, it's a hodgepodge of incorrect facts mixed with a few correct ones. #badjournalism

  4. How sure are you on your info

  5. Charlie Hall says:

    100% certain.

    State tax rates:

    http://www.taxadmin.org/fta/rate/corp_inc.pdf

    New estate tax rules:

    http://www.forbes.com/sites/deborahljacobs/2013/01/02/after-the-fiscal-cliff-deal-estate-and-gift-tax-explained/

    And the big exemption for estates that are subject to the estate tax (even if too small to pay estate tax):

    http://en.wikipedia.org/wiki/Stepped-up_basis

    George Steinbrenner died during 2010 when there was no estate tax. His sons end up paying much more in capital gains taxes than they would have in estate taxes when they finally sell the Yankees.

  6. Charlie Hall says:

    The only part of this that is obscure is the Stepped Up Basis rule. But anyone who doesn't know about the Stepped Up Basis rule should not be writing about tax policy.

  7. Charlie Hall says:

    Crony Capitalism is a long-established tradition in American history, going back at least to the 1770s. We forget that the First Bank of the United States, the Erie Canal, the Baltimore and Ohio Railroad, the transcontinental railroads, and 2/3 of the New York City Subway were a product of Crony Capitalism. Its use declined with the rise of the Public Authority in the 20th century; there is a good argument that Crony Capitalism actually provides more accountability (and the third alternative is out and out socialism).

Comments are closed.

Current Top Story
IAF fighter jet heads to  Gaza.
IAF Strikes Hamas in Gaza After Gunfire on Netiv Ha’Asara
Latest Indepth Stories
Keeping-Jerusalem

Despite British assuring the Jews would be allowed to return “shortly” it’s only happening now

So it is critical that readers in the districts indicated come out to vote.

We urge readers to seek out upcoming rallies scheduled for times and places that work for them.

To be sure, the worst of what was directed at Mr. Nadler by some random hotheads with no real power or influence (calling him a “kapo,” for example) was over the top.

We can readily understand that it would be an embarrassment to the president were Congress to reject the deal he struck, even if that rejection would be vetoed and go nowhere.

As the First Zionist Congress was indisputably one of the seminal events in modern Jewish history, it is not surprising that it became the subject of some of the most beloved, beautiful, and rare Rosh Hashanah cards ever created.

Many in the media impart bias in place of truth; convey personal prejudice over objective facts.

Nahal Haredi is the ultimate solution, according to Branski, serving haredim from a wide variety of backgrounds – chassidish and yeshivish, Sephardi and Askenazi.

A recent study found that 54% of Jewish college students experienced/witnessed anti-Semitism in 2014

The purpose of an attack on Joseph’s Tomb is to murder Jews at prayer and destroy a Jewish holy site

A nuclear Khomenist Tehran will be a threat to Western democracies and to Jerusalem in particular

The MONSTERS of Nebi Saleh know well the damning, visceral impact of powerful, deceitful imagery.

Jewish Voice for Peace openly supports BDS movement against ALL of Israel & ending the Jewish State.

In recent years, there has been a big push to grow and develop American Football here in Israel.

More Articles from Jeffrey Folks
2011186950101688296S600x600Q85

What Obama means by ‘saving’ the Middle Class is turning them into welfare clients.

Printed from: http://www.jewishpress.com/indepth/opinions/how-obama-is-saving-the-middle-class/2013/01/02/

Scan this QR code to visit this page online: