Saturday, August 13, 2011

Castro takes a page out of Obama's the entrepreneurs

Obama is not satisfied that the top 20% of earners are paying 80% plus of Federal Income Taxes, he wants more, much more. The Castro bros are catching the wave.

After five decades under Fidel and Raul Castro, the concept of a personal tax is practically unknown in a society where the government controls nearly the entire economy and salaries average about $20 a month. Quite the opposite, islanders have grown accustomed to the Communist government providing for them: food rations, universal education and health care, pensions, even free lunches.

But under Raul Castro's crusade to cure an ailing economy, those basic subsidies face cutbacks and many Cubans are being pushed out of state jobs into the private sector, where they face tax rates that can total more than half their earnings.