Barack Obama wants John McCain to discuss the economy and not his character.  Fine let’s discuss his plan to raise self-employment tax on those making more than $250,000.  The sole proprietor and partnership rate would rise from 37.9 per cent all the way up to a staggering 50.3 per cent.  S corporation would rise from 35 per cent to 39.6 per cent. 500 employees is the maximum number in most industries to be categorized for a small business.

Obama plans on giving  a tax cut to 95 per cent of all working families with children, spending money on programs he believes in, such as universal health care.  All of this will be done without raising taxes for the average American earning less than $250,000.

Now where is the money for this  95% tax cut coming from? Small businesss owners?  Take from the rich and give to the poor, like Robin Hood.  Except the rich in this case, are small business owners. Isn’t this redistribution of wealth?
 
What  will our country look like where two-thirds of all small business income would be taxed at 50 per cent.  Fewer Americans would be interested in opening or expanding small businesses.  Tax evasion and legal tax avoidance would make a dramatic move upward. Tax shelters would become a booming industry again.
 
Remember small businesses create the majority of jobs in America.  They will be taxed out of business and where are all these employees going when the businesses close?

In contrast to McCain, Barack Obama believes that a healthy economy is based on a bottom-up approach. Obama believes that if you open economic opportunity to all Americans and build an economic system based on economic justice in which all are treated fairly and equally, wide-spread economic prosperity will result.

Much has been said about how Obama’s economic policies are based on false assumptions. Most notably, Senator Obama seems to assume that economics is a “zero sum” enterprise, if any one individual financially prospers, other individuals necessarily have fewer resources available to them. This was the view held by Senator Obama’s father, Barack Hussein Obama Sr., a bureaucrat in the communist government of Kenya back in the 1960’s, and it is a view that ignores the reality that Western capitalism actually allows the economic “pie” to expand.

The Obama economic plan is de-humanizing on multiple levels. It ignores the human drama, and the development of human character, that is required for one to become a productive or more productive member of society. To “take” from those who have - - simply because they do “have”, and to “give” to those who don’t have, simply because they don’t, makes a mockery of hard work, and is destructive to human beings on both sides of the fence.

Democrats are fond of noting that American history has many  examples of government “lending a helping hand” to its citizens. This is true. The G.I. Bill Of Rights, and the Department of Veterans Affairs home mortgage guarantees, are two examples of government helping citizens obtain a college education, and homeownership, when they might not have otherwise been able to consider either one.

To qualify for either of these programs, Americans had to achieve something first. And both of the programs encouraged a progression of wealth producing endeavors after the fact.

Now, Obama and Biden have constructed a campaign that promises to simply take things away from people who have achieved them, and give things to people who have not achieved them. America cannot afford this kind of “change” neither in terms of money, or human capital.

What’s the alternative? One place to look is the optional alternate tax system originally proposed by Congressman Paul Ryan (R-Wis.) and now endorsed by McCain. It would give households (including those with small business income) a choice between the current tax code and one with a top rate of 25 percent on all income over $100,000. This would have the beneficial effect of lowering the tax rate on most small-business income by 10 percentage points. Small businesses haven’t faced a tax rate that low in quite some time and would be likely to respond with the creation of new businesses and more investment in existing businesses.

The McCain small business tax plan doesn’t end there. For those businesses that are organized as conventional corporations, the top tax rate would fall from 35 percent to 25 percent, the European average. For all businesses, technology and equipment, which now must be slowly “depreciated” over many years, would be immediately expensed in year one.

Now this is a discussion on the economy. A 50 per tax rate on small businesses or a 25 per cent tax on all income over $100,000.