I knew we were in trouble today when one of my employees told me that she was going to vote for Obama because she wants some of the wealth spread her way. She said “why should the wealthy have all the money”. I’m afraid we are at a tipping point in America
As ludicrous as his "spread the wealth" ideas are, you have to understand that poor people are poor because they have no concept of saving and the only desire they have to get ahead is to buy more cheap consumer goods.
I own rental property, and the way I see it, redistributing money into the hands of the poor is just going to lead to them spending more, hopefully their full share, on rent. When the government starts giving away money, the demand for housing will jack rents up all over the country.
The way to deal with Obama is to outsmart him. The poor spend every nickel they get, so position yourself to take in some of this spending.