Apr
25
2012
2

President Obama: ‘encouraging’/planning to tax into oblivion start-up businesses.

Never mind the fact that Obama got yoghurt splashed on him last night – that’s just an ongoing hazard of being a politician running for re-election in this country. The real story here is this: the President went to Colorado to, essentially, lie to a bunch of kids about how they can get themselves out of this mess that they’re in.  And it is a mess.  50% of college graduates are unemployed/underemployed; couple that with student loan debt levels that should really be frightening more people and we end up with a situation where millions of kids are getting out of college and staring DOOM right in the face.  And while they are adults – and thus, responsible for their own fates – guess what?  The people that connived to put them in this mess are adults, too.  We expect twenty-somethings in this culture to make poor life choices, sometimes; what we don’t expect is for the generations above them to so ruthlessly take advantage of that.

Anyway: Obama’s answer in Colorado, last night? …Entrepreneurship. That’s what he was telling the kids. Start that restaurant! Develop that smartphone app!  Make your own destiny!  Get slammed with a tax hike on small businesses in the form of tighter restrictions on payroll tax exemptions!

…Yeah.  One of these things is not like the others.

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