Well, this is it, in a microcosm.
As readers will know, president Zero has proposed “free” junior college for all!!!!
Now, there are many problems with this idiotic proposal, not the least in that we all know there’s nothing in this world which is free, save for God’s saving grace.
But, that’s not the point of this post. But, it does exactly, and beautifully demonstrate the point of this post.
First, let’s stop at Townhall, posted today ….
First, the basics of the president’s new tax proposal:
Obama presented his 529 tax plan during his last State of the Union address. The plan consists of raising $1 billion over 10 years by taxing capital gains realized in withdrawals from 529 savings accounts. According to surveys cited by the White House, 70 percent of 529 account assets are held by families earning over $200,000 per year.
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