View Full Version : Another LttE published

11-09-2008, 10:18 PM
The North County Times published one of my letters again.

Cut off his revenue source

Careful examination of Obama's promises reveals that he is counting on a steady stream of revenue from the wealthy. He intends to redistribute as much of our return on investments as possible while he "spreads the wealth around."

Poor people with no education and no understanding of basic economics believe that Obama can just raid the accounts of wealthy people and take 70 percent or 80 percent of their capital to dole out to the poor. "They have lots of money! We should take a big chunk of it!" These victims of social indoctrination fail to understand that Obama's source of income is a huge tax on the profits on investments made with that capital.

The solution is simple. People with money should simply pull out of everything. Take the hit now. Cash in your stocks and CDs and anything else that generates taxable interest and simply sit on your money. Cut off Obama's revenue source entirely. When Obama's revenue stream dries up, the feeders will quickly turn on him as he fails to deliver on any of his promises. Lose some money now, or all of it later. Do it the day before he is sworn in.

Joe Jones

LINK (http://www.nctimes.com/articles/2008/11/09/opinion/letters/z1f028a9d43f766c7882574fa0081ca47.txt)