Here Comes Robin Hood...Again
401Ks are down, food prices are up, and housing values have tanked. So now on top of the higher federal taxes Obama is proposing, Illinois may increase its state tax almost 50%. At this rate, even those who can afford to pay their mortgage won't be able to for long. That, and they'll start cutting back on discretionary items which, in turn, will spiral this nation further into a recession (or depression depending on how you view the current state of affairs).
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