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Remember how Bush senior's tax on luxury items failed.Back in 1991, the rich stopped buying yachts, etc. after his luxurytax was implemented. They also stopped employing the poor.So it backfired and did not work.So likewise, Obama'a taxes on the rich will backfire and fail.But Obama is also taxing the hardworking poor, which is reallybad.
Remember how Bush senior's tax on luxury items failed.
Back in 1991, the rich stopped buying yachts, etc. after his luxury
tax was implemented. They also stopped employing the poor.
So it backfired and did not work.
So likewise, Obama'a taxes on the rich will backfire and fail.
But Obama is also taxing the hardworking poor, which is really
bad.
