When President Obama passed his health reform bill, he imposed - for the first time - a payroll tax on investment income. He referred to this income as "unearned income." If he were to be technically correct, the tax code term wouldn't be unearned income but rather passive income because investor's income isn't "unearned." In reality, passive income is earned through much work. Essentially, Obama favors taxing those that work and invest in order to help those that are poor.
First off, I believe President Obama is a good man. But I simply don't think he can save the world. Why? Because the banks and money rule the world - not politicians or the government.
A big problem with America is that our government taxes income and investment. In other words, America punishes workers and those that save money to invest.
