Barack Obama Sr. "Tax 100% of income." Like Father, Like Son?Submitted by radiofriendly on Sun, 07/29/2012 - 01:13
Last week, the Obama campaign was in full damage control from the “You didn’t build that,” gaff. They even felt compelled to address the statement with an entire video filmed in the White House. All of this posturing has many people finally asking some serious questions about his past and core philosophy.
In an article from 1965 entitled “Problems Facing Our Socialism,” Barack Obama’s father stated:
Theoretically, there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed. . . It is a fallacy to say there is a limit (to tax rates), and it is a fallacy to rely mainly on individual free enterprise to get the savings.
Dreams of my Father, indeed!