Let's get the numbers correct.
Here's the link:
http://www.bea.gov/
GDP in 2007 was $13,843 billions (in current dollars)
Generally the percentages on what taxes the wealthiest pay seem correct. The wealthiest do pay the vast majority of taxes. The very top tier (top 400) may pay less in real percentages but the top 5% pay 50% of all US income tax. 50% of americans contribute no federal income tax. not incluiding FICA contributions.The misinformation that Dems use about tax cuts for the wealthy is bunk. A "cut" goes to the people that pay the tax. What the Dems really want to do is take more from the wealthy and give to the less wealthy. That's income redistribution. A different story.
I don't know how Obama is going to fund his programs. We certainly need more work on transportation infrastructure. Iraq has been very expensive. You can't really say your'e going to leave, save money and then use savings from the war to pay for domestic spending. We're in a severe deficit situation. We need to be looking at reducing the national debt. Iraq was done on borrowed money.
The war was a no sacrifice deal, except for the families who had soldiers in harm's way. The public never sacrificed anything. This was wrong. There should have been broad public sacrifice, fuel rationing, mandatory draft (without exceptions), war tax surcharges to pay for it, etc. If these things had been in place there would not have been a war. Not even the neo cons would have supported the effort if they knew their sons were going to have to leave Harvard and Yale to fight.
My children will be paying for this boy scout trip for years to come. Now it looks like I will have to pay more taxes so illegal aliens can have free health care, drivers licenses, and education. At least maybe Obama will make sure the bridge next to my house doesn't collapse.
Thank you for pointing out a little more substance about Obama. I still have an issue with how he will do it.
BTW: What should people over $100,000/year pay in taxes. 40%, 50%, 60%? Why do Dems feel that if you work hard and smart you should give up the benefit of your actions and fork it over to those that don't, won't, or can't. Seems to me that if the guy making 100,000 pays 40%, and the guy making 50,000 pays .00, Why work hard to make a a lousy 10K more?
Why should they also have to fork over estate taxes on money that was already taxed?
One last thing, what about all of the blue collar, state employees, and other pesion and 401K plans that are invested heavily in stocks, including Exxon. Are you going to go after corporate earnings and reduce the return on all of these working peoples retirement funds. It's not just the rich that have stock investments these days.