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Colonel Obama has No Shame


The current President must not listen to himself. Or he’s a paragon of “do as I say, not as I do” hypocrisy. In a speech to the descendants of those his ancestors enslaved, Barry chided African leaders:

“No business wants to invest in a place where the government skims 20% off the top. No person wants to live in a society where the rule of law gives way to the rule of brutality and bribery.

“That is not democracy; that is tyranny, even if occasionally you sprinkle an election in there, and now is the time for that style of governance to end.”

Twenty percent would represent tax relief here. The US Governement takes 35% off the top.  And that’s not enough for Barry. Once he skims his third, he wants another 25% of anything left:

Other aspects of Obama's economic plan include a payroll tax surcharge on people who earn more than $250,000 annually; a dividend tax rate of "somewhere between 20% and 28%," according to Furman; an income tax exclusion for seniors making less than $50,000; and an increase in the maximum capital gains rate from 15% to 25%.

Some will argue that the US corporate tax rate isn’t really 35%. Deductions, credits and “loopholes” make the effective corporate tax much lower. Substantially true, but how are those loopholes created? By Congress, after being lobbied by corporate interests. In a spectacular example, the sugar industry parlayed an $8,500 campaign contribution into $365 million worth of tax credits.

The difference between African and American bribery is scale and effectiveness. By nature, it is the same corruption. Zimbabweans wish they could get a 4 million percent return on their graft.

Africans should admire Obama as a sign hope. Shameless corruption and glaring incomptence do not limit political success.