If you want people to save less, increase the tax on their savings. So, the President now threatens to pull the rug out from under IRAs. The President's defenders say that he is only going after very wealthy IRA users, but we know where it ends -- the average American will find his savings threatened by this increasingly autocratic regime in Washington. How do you help poor people? Increase their taxes. So, the President proposes to increase the tax on cigarettes. Who are the smokers amongst us? The country club set? Or those without jobs and working at the lowest paid jobs in the country? Everyone knows the answer to that, including the President. He knows that smoking is mainly a habit indulged in by the poor, so he wacks the poor with one more tax hike. Smoking is almost unheard of among upper middle income folks. Obama has his sights set on socking it to the poorest demographic in the country. What about entitlements?...
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