The irony of the tax increase

This video goes on and on about spending, before the part I want you to see. So, sit tight and watch it anyway. I have written about this before. When taxes go up, revenue goes down. It's the great lie of the liberal. They want to take from the rich to help the poor, but the increase in taxes functionally hurts both the rich and the poor. This is historically proven, so we have to wonder, what is their goal?

I'm not wondering. While on the campaign trial, Obama was asked about this fact. He said, "I would tax the rich as a matter of fairness." Since this is not elevating the poor, he simply wants to punish the rich. It destroys wealth and hurts everyone. It's the destruction of the American economy. Poor people don't create jobs, either by consumption or industry. Still, they try to spread the poverty around.