It may have been true that the rich in America were pampered under the President George W. Bush administration, but now under President Obama his administration wants to pay for all kinds of new social programs, including health care reform, with the help of new taxes on rich Americans. While on some issues I do view President Obama as a moderate politician, when it comes to creating or expanding social programs and paying for them with increased taxes on the richest Americans he is 100% liberal in his thinking. There has always been a big problem when the U.S. government tax the rich too much and that problem is many times they will just move their money and income producing wealth to a more tax friendly nation. That said, I do not believe that as of yet the Obama administration has taxed the rich to the point where most wealthy Americans will be looking for other countries to move their money to, but they could be getting close.


Tax The Rich