Prominent Hillary Clinton supporter Lynn Forester de Rothschild, of the noted international finance and banking Rothschilds, recently endorsed John McCain because Barack Obama was, in her words, too "elitist." How elitist is he? He is so elitist, he would like to raise the marginal tax rate the highest brackets pay by four percent, to 39%. This is elitist socialism. Elitist socialism that leads to free money for elitist non-tax-paying poor people. As Rothschild points out at the Huffington Post today:
Franklin Roosevelt protected this country from the statist dictatorships that were emerging in the rest of the world. He protected capitalism by creating programs and institutions to protect innocent people but did not raise taxes and did not remove incentives for private wealth creation. In another era, with real fiscal deficits larger than we face currently, President Kennedy reduced taxes.In 1932, the top marginal tax rate was 63%. In 1960, it was 91%. Lynn Forester de Rothschild is an idiot. Seriously, you really, really have to be an idiot of the highest order to write this sentence:
There is a reason why immigrants fly to America to achieve their dream. Now, in the guise of a "middle class tax cut" Barack Obama is threatening that dream. If he succeeds, Barack Obama will bring the kind of radical transformation that this country does not need and never has. And the country will be in for a shock.Barack Obama should probably, once in office, raise Lynn Forester de Rothschild's taxes by a million percent.