It’s the theme of the day. I’m sure the tinfoil-hatters will find a way to blame it on the Vast Right-Wing Conspiracy. From the letters to the editors page of the Los Angeles Times, another taxpayers goes Galt:
I have employed about 50 people during the last 20 years, and my family’s taxable income is about $300,000. In order to avoid paying a higher percentage of taxes on all of my income, I will decrease output, lay off some staff and still end up keeping the same amount.
I have no incentive to hire people or expand my business, because the more I make, the more President Obama will take to expand government. This discourages expansion of the private sector. It will backfire with disastrous consequences for all.
It is repulsive that Obama is being allowed to take this country backward by pickpocketing the very people who run the private sector through their energy, money and creativity.
Hat tip: American Power, who shines a spotlight on left-wing grievance-mongers who have attacked wealth-producing commenters on this blog.