Luxury Tax History Repeating Itself

by: the Common Constitutionalist

Since 2008, tens of thousands of coal related jobs have been lost – some almost incalculable. As hundreds of coal plants have been closed, it is not just miners who are affected. As power plants close, all employees lose their jobs. Blue collar and white collar employees get the ax – managers, technicians, secretaries, everyone.

But that’s not where it ends. Many of these coal plants are located in rural areas. They have whole towns that spring up around them, as townspeople not only work at the plant, but small businesses are created, like restaurants, gas and service stations, grocery and convenience stores, laundromats, dry cleaners, and list goes on – all to support the plant and its employees. As these plants go away, so too do all the support businesses and all their employees.

But this rings hollow to the Obama administration. Obama cares only for himself and his radical agenda, for once again, due to his Marxist, redistributionist, green agenda, history is about to repeat itself.

Obama’s radical green agenda is about to ruin yet another industry. He and other radicals will consider it a win-win as Obama gets to not only advance his phony green plan, but at the same time, his new rule will also redistribute wealth.

Who’s the target? This time it’s the Luxury yacht industry. read more