You can go through the day and you can see some people who, while maybe living in this slowdown economy, recession economy, you see people that aren’t affected by it, and you just assume, well, they’re earning enough money that it doesn’t matter what their taxes are, they can still live their lives. His point is that maybe they’re not being taxed and depending on where they live, that could be the case. You know, most of the tax burden at the country is at the state and local level. I’m not talking about the amount, but you’ve got property, sales, gas, all these are state taxes, all these are local taxes.

And, by the way, folks, if you look at the 2012 election returns and throw out the presidential race, the Republicans cleaned up in a 2010 way in state legislatures and governorships. It’s the most astounding thing, when you look at the maps, the red and blue maps at state legislatures and governorships, they’re all red. Very few blue. They’re all red. I mean, there were couple of Democrat pickups, Colorado and legislatures in Nevada, I believe, but a lot of places went red. Not talked about much. There’s some people starting to cipher through this and publish the maps and so forth, but there was a 2010 turnout at the local and state level in many places. Not everywhere, but in many places.

Why are Republican governors winning? Why are Republican legislators being seated in greater numbers while Obama wins the White House? If you look at some of these states you’ll see unemployment below the national average. You’ll see other taxation lower than the national average. There may be some things that can be learned here. But, you know, on this tax business, I think we’re beyond the semantics of this now. I mean, the time to make semantic points, the election is over, and we got a real-world circumstance here. It’s predictable as the sun. Here’s Bernanke, the Fed Reserve chairman, “If they don’t get a deal, I don’t know, we might go into recession.” It’s the same old bogus modus operandi, the same old panic, the same day old, oh, woe is us. It is true except that there is this singular solution: raise taxes on the rich. That’s the singular objective that everybody has. And I’m telling you, it isn’t gonna matter a hill of beans. All it’s gonna do is further expand the government and weaken the private sector.

It’s gonna weaken hiring. It’s gonna weaken job creation. It is gonna weaken the opportunity to create wealth in the private sector. And that’s the design of it. What I’m telling you is that the damage to the private sector is still underway. The assault on capitalism and the private sector is still underway. They are not through. Look at the unions and the activities. They’re amassing against Walmart. They’re amassing at LAX trying to shut down travel on Thanksgiving, shopping on Thanksgiving. You might ask, “Well, what are they mad at? They won the election.” They’re never happy, folks. The left never, no matter what they win and no matter what you give them, it’s never enough. It’s why I’ve always been opposed to compromise with them. There is no compromising with them. There is no point where they’re ever happy.

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