Friday, July 16, 2010

Food for thought.............................................
Current European Tax Rates:
Denmark Income Tax: 58% Vat Tax: 25.0% Total 83.0%
Sweden Income Tax: 55% Vat Tax: 25.0% Total 80.0%
Norway Income Tax: 54.3% Vat Tax: 25.0% Total 79.3%
Finland Income Tax: 53% Vat Tax: 22.0% Total 75.0%
Netherlands Income Tax: 52% Vat Tax: 19.0% Total 71.0%
United Kingdom Income Tax: 50% Vat Tax: 17.5% Total 67.5%
Greece Income Tax: 40% Vat Tax: 25.0% Total 65.0%
Germany Income Tax: 45% Vat Tax: 19.0% Total 64.0%
Portugal Income Tax: 42% Vat Tax: 20.0% Total 62.0%
Spain Income Tax: 45% Vat Tax: 16.0% Total 61.0%
France Income Tax: 40% Vat Tax: 19.6% Total 59.6%


If you''ve started to wonder what the real costs of ""socialism"" are going
to be, once the full program in these United States hits your wallet, take a
look at the table. As you digest these mind-boggling figures, keep in mind
that in spite of these astronomical tax rates, these countries are still not
financing their social welfare programs exclusively from tax revenues! They
are deeply mired in public debt of gargantuan proportions. Greece has
reached the point where its debt is so huge it is in imminent danger of
defaulting. That is the reason the European economic community has
intervened to bail them out. If you''re following the financial news, you
know Spain and Portugal are right behind Greece .
The United States is now heading right down the same path. The ""VAT"" tax
in the table is the national sales tax that Europeans pay. Stay tuned
because that is exactly what you can expect to see the administration
proposing after the fall elections. The initial percentage in the United
States isn''t going to be anywhere near the outrageous numbers you now see
in Europe . Guess what, the current outrageous numbers in Europe didn''t
start out as outrageous either. They started out as miniscule--right around
the 1% or 2% where they will start out in the United States . Magically
however, they ran up over the years to where they are now. Expect the same
thing here.

It's time to rethink the ''American Dream'' idea: It is the notion that with
hard work and perseverance, anybody can get ahead economically here. Do you
think that can ever happen with tax rates between 60% and 80%? Think again.
With the government taking that percentage of your money, your life will be
exactly like life in Europe . You will never be able to buy a home. You will
never buy a car. You will never send your children to college. Let's not
shuffle the battle cry of the socialists under the rug either. It's always
the same cry. ""Equalize"" income. ""Spread the wealth"" to the ""poor""
(whoever they are). ""Level"" the economic playing field. Accomplish that
and everything will be rosy.
It's time to take a really hard look at reality. Greece is a perfect
example. Despite the ""socialism"" system that has ruled this country for
decades, with a 65% tax rate, they are drowning in public debt, would have
defaulted without hundreds of billions in bailout money, and still. . 20% of
their population lives in ""poverty."" What has all that ""socialism"" money
bought, besides ultimate power for the politicians running the show? Do you
think these people are "free"? They're not. They are slaves to their
economic "system."
We are at a tipping point in America . We all know it. We must turn this
around right now or our grandchildren will be massing in the streets of this
once-great country, just as the people of Greece now are. Economic slavery
is slavery, just the same. Carefully and deeply consider what it takes to
throw off the yoke of slavery, once it takes hold and settles over your
neck.

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