If you are lucky enough to be a federal employee, big government & high taxes are good for you. If you are in the other 99% of the population, big government & high taxes are not only bad for you, they are your greatest threat to your prosperity.
The number of federal workers earning six-figure salaries has exploded during the recession, according to a USA TODAY analysis of federal salary data.
Federal employees making salaries of $100,000 or more jumped from 14% to 19% of civil servants during the recession's first 18 months — and that's before overtime pay and bonuses are counted.
Federal workers are enjoying an extraordinary boom time — in pay and hiring — during a recession that has cost 7.3 million jobs in the private sector.
The highest-paid federal employees are doing best of all on salary increases. Defense Department civilian employees earning $150,000 or more increased from 1,868 in December 2007 to 10,100 in June 2009, the most recent figure available.
When the recession started, the Transportation Department had only one person earning a salary of $170,000 or more. Eighteen months later, 1,690 employees had salaries above $170,000.
The trend to six-figure salaries is occurring throughout the federal government, in agencies big and small, high-tech and low-tech.
Socialists (DemocRATS) have a fairly simple solution for solving the budget crisis: Tax the wealthy.
Their solution is predicated on some basic principles. First, the wealthy should pay because they can afford it. A person who makes $50,000 a year and pays 50% of their income in various forms of taxes may not be able to afford rent, and certainly won't be able to buy a home--whereas a person who makes $500,000 a year and pays 50% of their income in taxes will, at worst, have to save their pennies a few extra years to afford that boat they had their eye on, or to trade in their Lexus SUV for a Jaguar.
The ObamaNation apparently believes the wealthy should pay huge taxes because they have spent their entire lives marinated in money and excess. Economic recovery is being scarified so socialists can punish the rich!
The best definition for socialism is the equal distribution of society’s goods to be achieved by the government. It focuses on the concepts that everyone in the society is entitled to food, clothing, shelter, and health care. The government steps in to help those who are needy instead of relying upon private individuals and charitable organizations.
Capitalism is the world’s only prosperous economic system. Within it, the means of production and distribution are owned by individuals: private ownership and free enterprise are believed to lead to more efficiency, lower prices, better products and rising prosperity. Capitalists help the needy by growing the economy, creating jobs and contributing to charitable organizations. Capitalism made America the most prosperous nation on earth.
Socialists believe you work to take care of others. DeomocRATS believe in taxing you at the high end of the curve. Collect as much tax revenue as possible without taking so much, that you will stop working.
Capitalists believe that low tax rates lead to prosperity for all of society. Capitalists believe when you spend money on good and services and invest in business, you are creating wealth for others by creating jobs and growing business. High tax rates result in a high paid bureaucracy but drive down the standard of living for the other 99% who don't have a federal job.
When the "wealthy" stop spending money on goods and services, millions of people lose their jobs. Tax revenues actually decline with higher tax rates. John F. Kennedy & Ronald Reagan both proved this principle.
Congress recently passed legislation that raises taxes on the "wealthy". The current administration is committed to more tax increases (cap & trade & higher marginal rates). But the federal government can't make "wealthy" people spend money on goods and services (except private health insurance) that actually create jobs, which result in economic recovery.
Those who actually have money to spend on goods and services during this Great Recession will continue to "cut back" on spending as long as the Democrats and their socialist agenda control both the White House and the Congress. You can make people pay higher taxes but you can't make them buy that new car or boat, which would be better for the economy than hiring more bureaucrats.