Mary Anna and Michelle, Thanks for your comments on my post:I could not believe it, I was just so shocked to hear a person who has a college degree get on national news and tell the American people that "there are many people out there who do not have much of an INCOME, but they own property and we need to pass a WEALTH tax on their property!" Folks, DUH! if you don't have MUCH OF AN INCOME, HOW do you pay a wealth tax? If you are on a FIXED income, how do you pay a wealth tax? The stupid idiot who made the statement couldn't even grasp the absurdity of what he was saying!!! This is the great re-distribution of "wealth" that the Communists incorporated into every country that they took over!I have aging in-laws who are on a fixed income. All they have is social security, but they own their small home after paying mortgage payments on it for 30 years. Their 3 bedroom, 2 bath home sitting on a small lot, is worth about $150,000., but in today's market, they may or may not get that out of it if they tried to sell it. My in-laws have to set aside money all year to pay their property taxes on their home, which runs about $650.00 and is due at the end of the year, but they have no house payments which is a blessing to them, because of being on a fixed income. They have to set aside money in the same way for their car insurance and their homeowner's insurance. Now, Congress is talking about a wealth tax (though the % hasn't actually been finalized; it may be 1%, it may be 5%, it may be 8%, 10% or 15% by the time they finish, who knows, but you can rest assured, if it starts out at 1%, in 2 years it will be 5% and in 5 years, it will be 10%. Taxes always GO UP! They do not go down!)Anyway, if they pass a 5% wealth tax, my in-laws would be forced to pay $7,500. yearly wealth tax on their home! And don't forget, that does NOT include the wealth tax on their automobile or their furniture or their garage and it's contents (tools, a car, a lawnmower, etc.) (which is behind the house)! There is no way that they have the money for this! And that is BESIDES their $650.00 yearly property tax! And does not include the taxes that they pay on their social security income! Do you see what I mean? They would be forced to sell their home that they have lived in for 35 years now and move into an apartment, a trailer, or an even smaller house, but that is ONLY if the house would sell. IF they were not able to sell the house (in order to pay the tax) within a certain time frame, then the government would simply CONFISCATE THEIR HOME for TAXES! And don't forget - there would be literally THOUSANDS of other Americans in the SAME BOAT as them --- all of them trying to sell their homes too! The housing market would CRASH (AGAIN!), the glut of homes on the market would cause home prices to drop drastically (again!), and even if my in-laws could sell the house, they probably would have to take about 50-70% less for it than what it is worth - in order to pay the taxes! How else do you raise the money on a 5% wealth tax when you don't have much of an income and all you own is your home and your car? The little that they would get from the home would not be enough to buy a home even comparable to the one that they had. And even then, buying another home would subject them to another yearly wealth tax that they could never afford! They would probably buy a trailer or get an apartment. But why even buy a trailer? Because the trailer would be subject to a wealth tax too - one that they would not be able to afford! My in-laws, who now see themselves as a middle class retired couple, would suddenly find themselves in a low income neighborhood and below the poverty level. Why? Because now, all their income would go to pay their rent, they would have little left for food, gas, clothing, or medical expenses. A two or three day hospital stay for either of them would wipe out whatever they have left, and they would be in a downward spiral heading towards bankruptcy. You are talking about a middle class couple who owned their own home in a middle-class neighborhood suddenly in the throes of bankruptcy - and this scene would be repeated multiple times over throughout the country!Now, if this Congressman had been referring to someone like Bill Gates who has billions of dollars, yachts, several homes, vacation houses, hundreds of people working for him, or someone like Oprah Winfrey - another billionaire - or someone like Warren Buffett, or some of these multi-millionaire Hollywood moguls, that would be a different story. Remember, his comment was that there are a lot of people out there who don't have MUCH OF AN INCOME, but they OWN PROPERTY! The multi-millionaires and billionaires DO HAVE LARGE INCOMES! He wasn't talking about them! He was talking about people like YOU AND ME, who work hard all our lives, make mortgage payments, then retire on fixed incomes. THEY ARE THE ONES that this Congressman was referring to; and remember this, it is the MIDDLE CLASS that the communist party always destroys!In every single country that communism overtakes, the end result is TWO CLASSES: the TOP echelon of ELITES who run the country - the only ones who have the wealth and control the wealth ---and the LOWER CLASSES who are the new "poor" --- many of whom were once in the "middle class". It is the middle class that they go after, NOT THE ELITES at the top! It's because they know that their main support CAME from the elites! Look at the biggest contributors to Obama! People like Warren Buffett and George Soros - billionaires! Do you honestly think that people like Warren Buffett, Oprah, and Bill Gates are going to be hurt by these new "wealth" taxes? Absolutely not! Many of them have a great deal of their WEALTH located in other countries or hidden out of reach of the IRS! Many of them have gold stashed away in safes and lock deposit boxes that the IRS would never find!Another thing, Congress is talking about doing away with so many of the LOOPHOLES that very wealth people take advantage of. Do you really think that is going to hurt the millionaires and billionaires? Folks, many of them are like chameleons. IF the government takes their tax loopholes away, they will just find NEW ONES! Why? Because they have the money to pay someone to LOOK FOR THEM! The super wealthy will always find a WAY TO KEEP their wealth and to hide most of it! It is always the MIDDLE CLASS who suffers the most from government intrusion and from new taxes! Remember what Obama told "Joe the Plumber"? He told him that he (B.O.) wanted everyone else to have the "same chance" that Joe the Plumber has. Well, what did Obama really mean by that? What he really means is that if Joe the Plumber works hard, pays off his mortgage and retires on a pension, then Joe's neighbor (who lives on one side of him) - and this is just an example ok? --- who is a ne'r do well, abusive alcoholic, can't hold a job more than 6 weeks, and lives in an apartment alone (because his wife left him, and he has failed to show up at the clinic for alcoholic rehab) - he should have the SAME income opportunities that Joe has, right? Well, most of us would disagree and say that Joe's neighbor is a "bum" and deserves the situation in life that he finds himself in, because Joe has repeatedly refused to take advantage of rehab programs offered to him and is perfectly capable of holding a job (if he would get off the booze and stay sober long enough)! Ever wonder how people with no money still afford alcohol, cigarettes, and drugs?The socialist, communists don't see it that way. They want Joe's neighbor to have the SAME income and opportunities that Joe has, even though Joe's neighbor is a "bum" by anyone's definition of a bum (a shiftless, lazy, drunkard) who does not work, but has plenty of money to buy booze! They want Joe to pay a wealth tax on HIS home and car, so that they can make sure that Joe's alcoholic neighbor gets a voucher to ensure he can go back to school, learn a trade - or get a disability check due to his alcoholism! That's the way that it works in communism! And (another example) Joe has a 21 year old woman who lives behind him in an apartment and is on welfare because she has 4 kids (out of wedlock), has no idea where the father(s) is, has no job --- isn't concerned about looking for one (because baby #5 is on the way) -- but the government wants to be sure she can get a government "bail-out" for enough money to buy Joe's house (that he has to sell because he can't afford the wealth tax. But unable to sell the house to pay the wealth tax, the government confiscates his house). The woman who lives behind him "qualifies" for Joe's house (GIVEN TO HER by the government), rent-free - while Joe is out looking for an apartment. Joe is also on foot now because not only his house, but his car was confiscated!(For the "good of all" of course!) Joe is also in jeopardy of losing his job because his credit rating has plummeted!And one more example! Joe has a neighbor living behind him in the same apartment building as the 21 year old woman with the 4 kids (and one on the way). This neighbor of Joe's is a family of 3 who just immigrated from the West Bank - a muslim family who qualified for a grant because they are immigrants. Joe wouldn't qualify for the same grant because he is a U.S. citizen and was born in the US. Because of the grant, the muslim family was able to buy 1/2 interest in the dry cleaning business a mile from Joe's house. Because the muslim family now has a good income from the dry cleaning business, and money in the bank from the GRANT, they are house-hunting and they want a home close to their new business. They qualified for Joe's house, but the 21 year old woman (earlier) beat them to it. Instead they were able to qualify for the house on the other side of Joe (which was owned by a couple forced to move out for the exact same reason that Joe had to leave his home). The muslim father in this family has 6 brothers who are in the process of immigrating to the U.S. and applying for the same grant that Joe was not qualified for, being a U.S. citizen. The muslim father wants his 6 brothers to move near him. All six of them eventually are able to immigrate to the U.S. and buy homes on the same street as their brother. (You may find this hard to believe, but Palestinian "refugees" are given PREFERENCE for immigrating to the U.S. thanks to a law passed by the Obama Administration!)Now, there are SEVEN muslim families on Joe's old street and none of them speak one word of English. They are all either part owners of nearby businesses or full owners and doing very well. Because of their religious objections, they are exempt from Obamacare and many of the same taxes (e.g. the wealth tax) that Joe was forced to pay. They are going to petition with 5 other muslim families on the next block to see about having a minaret built at the end of their street. All 12 of these muslim families are sympathetic to muslim interests, despise the Jewish people, and Christians, and have already started submitting letters to their local city council (with support from the ACLU) to protest the Christmas nativity set that is displayed at the entrance to their subdivision. (That's where they plan to put their minaret!) They win their case, the Nativity set is banned, the minaret goes up and now all 800 people in Joe's old neighborhood get to wake up before DAWN to the sound of the muezzin calling out the adhan from the minaret at the end of the street! (Obama called it the most beautiful sound in the world! Remember THAT?) Joe's old street does not even resemble America anymore. The next thing on the agenda for the 12 muslim families is to start campaigning for a city council seat. Their ultimate aim is to push for Sharia law in their city and the best way to accomplish that is to get as many of their "believers" into seats of authority as possible!Think it won't happen? Don't believe this kind of thing happens? Then you really DO need to go live in Cuba, China, or southern France, for about 4 days! You'll be convinced! This is exactly what Obama means by RE-DISTRIBUTING YOUR wealth and income! And THIS IS WHAT IS coming to America, the new Obamanation!Oh, by the way, the nightmare is just starting. Obama is already going after the RED States and setting up fines for those who refuse to set up health insurance exchanges under Obamacare, by hitting them with 3.5% fines - you can read it here!And just think, this is only the end of 2012. He has FOUR more years to go! Can you see why people like D'souza in his film "2016" said that you will NOT recognize America by 2016 by the time Obama is through with us? And B.O. does not care one WHIT about the citizens of this country. With his plans to do away with the filibuster and bypass Congress, he can easily pass an executive order and make it a law that Presidents can run for more than TWO terms, setting himself up as a dictator. OR - if he chooses not to do this - he can just leave the mess he makes of America behind and go to the UN - or the Club of Rome. They all want him over there! By the end of 2016, he will undoubtedly be the most hated man in America--- all those who have a slobbering love affair with him now, will hate him by then --- but it will be far too late!!! This is the fate of the NEW USA. The damage will be irreversible!Rene