Current European tax rates:

United Kingdom
Income Tax: 50%
VAT: 17.5% TOTAL: 67.5%

France
Income Tax: 40%
VAT: 19.6% TOTAL: 59.6%

Greece
Income Tax: 40%
VAT: 25% TOTAL: 65%

Spain
Income Tax: 45%
VAT: 16% TOTAL: 61%

Portugal
Income Tax: 42%
VAT: 20% TOTAL: 62%

Sweden
Income Tax: 55%
VAT: 25% TOTAL: 80%

Norway
Income Tax: 54.3%
VAT: 25% TOTAL: 79.3%

Netherlands
Income Tax: 52%
VAT: 19% TOTAL: 71%

Denmark
Income Tax: 58%
VAT: 25% TOTAL: 83%

Finland
Income Tax: 53%
VAT: 22% TOTAL: 75%


If you've started to wonder what the real costs
of socialism are going to be, once the full
program in these United States hits your wallet,
take a look at the table.

As you digest these mind-boggling figures, keep
in mind that in spite of these astronomical tax
rates, these countries are still not financing their
social welfare programs exclusively from tax
revenues! They are deeply mired in public debt
of gargantuan proportions. Greece has reached
the point where its debt is so huge it is in
imminent danger of defaulting. That is the
reason the European economic community has
intervened to bail them out. If you're following
the financial news, you know Spain and Portugal
are right behind Greece .

The United States is now heading right down the
same path. The VAT tax in the table is the
national sales tax that Europeans pay. Stay
tuned because that is exactly what you can
expect to see the administration proposing after
the fall elections.

The initial percentage in the United States isn't
going to be anywhere near the outrageous
numbers you now see in Europe. Guess what,
the current outrageous numbers in Europe
didn't start out as outrageous either. They
started out as minuscule, right around 1% or
2%, where they will start out in the United States.
Magically however, they ran up over the years
to where they are now. Expect the same thing
here.

It is the notion that with hard work and
perseverance, anybody can get ahead
economically here. Do you think that can ever
happen with tax rates between 60% and 80%?
Think again. With the government taking that
percentage of your money, your life will be
exactly like life in Europe. You will never be able
to buy a home. You will never buy a car. You
will never send your children to college.

Let's not shuffle the battle cry of the socialists
under the rug either. It's always the same cry.
Equalize income. Spread the wealth to the poor
(whoever they are). Level the economic playing
field. Accomplish that and everything will be rosy.

Its time to take a really hard look at reality.
Greece is a perfect example. Despite the
socialism system that has ruled this country for
decades, with a 65% tax rate, they are drowning
in public debt, would have defaulted without
hundreds of billions in bailout money, and still ...
20% of their population lives in poverty.

What has all that socialism money bought,
besides ultimate power for the politicians
running the show? Do you think these people
are "free"? They're not. They are slaves to their
economic "system."

This is where we are going unless we throw the
present Congress and Obama out.

Instead of spreading the wealth around,
spread this around. It might wake some
people up.