Several media outlets reported today that Democrats appointed to the "supercommittee" have a plan to raise the top federal marginal tax rate to 49%. Taking state and local taxes into account, top tax rates will go to 79%.
Democrat Party: "Nobody needs to make that much money." "The government needs the money." "We have to keep the promises we made."
Reality: Taxes crush job creation. ObamaCare crushes job creation, because small businesses won't hire people when hiring people places such an onerous burden on their bottom line.
More reality: Democrats, throughout history, have made America less competitive. The auto industry in Detroit collapsed because fat and happy union workers were working less and getting more. In fact, at GM, they were paid not to work. Who wouldn't take that deal?
Still more: The Democrat dream of creating a utopian society of equal outcome is dead. It goes against human nature. There should be a minimal safety net, for those who truly can't take care of themselves. For everybody else, guess what: China and India are coming for your jobs. You can cling to this ridiculous dream of retiring at 55 when you drove a bus for a living on the backs of honest working people, or you can realize that your model never worked at all.
Still more reality: the baby boom generation, with few exceptions, sucks. You leeches and maggots - not all of you, but you know who you are - took economic prosperity and success away from your children and grandchildren. And now that your ridiculous, socialist ideology has been declared dead on arrival, you freaking free love hippies fight harder than ever to protect it, and protect your comfortable life, bought on the backs of your children. And you're working so hard to prevent this country from becoming what it has been for all but a blip in its history: a center-right nation.
My suggestion to you is, if you want your social security, Medicare, and Medicaid, then endorse economic policies that will generate the necessary tax revenue to keep you in the lifestyle you clearly think you're entitled to. In other words, you had your chance to run the country, and you failed. Your entire generation is a waste of oxygen. It is long past time for you to step aside.