Posted on 02/26/2009 9:55:29 AM PST by rhetorica
There was one line in Obama's Address to the Nation last night that just floored me. It came near the beginning of the speech where he lays out the causes for our economic troubles:
"A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future."
Wow. I don't think there is a more telling statement of the Obama administration's philosophy than that single statement. What did we learn?
According to Obama:
1. Wealth is not earned.
2. Wealth is a commodity that governments can transfer from one segment of the population to another.
3. Wealth transferred into private hands prevents governments from "investing" the money.
4. The future depends on the government "investing" wealth as opposed to the private sector.
And that, ladies and gentlemen, is why the Obama administration terrifies me.
It’s completely Orwellian. It’s as if the manager of Wal-Mart told you “Change has become an excuse to transfer wealth to the wealthy instead of an opportunity to buy more stuff at my store.” Wait a minute, I don’t want more stuff, now give me my damn change!
Yep and once the gov. takes over the banks then they will have an accounting of who has how much and where who’s should go.
Sounding more like Mugabe by the day.
The Third World group of clowns currently in office are turning out to be every bit as bad as feared.
Holder made $2MM per year as an attorney and will receive $2MM in severance? Lots of pro-bono work with Gitmo prisoners?
Wow...
Michelle Obama getting a $200K pay raise from a grant Obama gave her hospital?
These are maggots in Washington. We need them out.
How we will adapt to Obama’s “The War on Wealth”:
Underground Economy!!!
Goods and Services traded right underneath the noses of the government....
A door closes and a window opens.......
You must not plan on being a peasant.
The wealthy are the most productive and valuable members of society, that’s why they’re wealthy and that’s why they deserve more.
“The wealthy are the most productive and valuable members of society, that’s why they’re wealthy and that’s why they deserve more.”
All the ‘rich’ certainly don’t fall into that category...like the hundreds of millionaires in government offices....productive??? Hardly.
To be fair, he’s talking about tax policy. Taxes are indeed a mechanism, for better or worse, through which wealth can be transferred from one segment of the population to another. If you cut taxes on the wealthy and keep them constant for the middle class, the middle class ends up shouldering a larger percentage of the tax burden to maintain government services. The wealthy get to keep a larger percentage of their incomes to spend—or not—as they please, while continuing to benefit from those same government services (the military, highways, etc.). If you do it the other way—raise taxes on the wealthy and cut them for the middle class—the wealth transfer works the other way. That said, I’m a proponent of tax fairness—I like the flat tax, no loopholes, no deductions—and I don’t think the tax system should be used to redress social grievances or incite class-war, no matter which party’s driving tax policy.
But, but...
In a symbolic bow to the recession, Democrats included in the spending measure a prohibition on a cost-of-living increase for members of Congress for the year.
And Rep. Howard Berman, D-Calif., who secured $200,000 for a “tattoo removal violence outreach program” in Los Angeles. Aides said the money would pay for a tattoo removal machine that could help gang members or others shed visible signs of their past, and anyone benefiting would be required to perform community service.
Rep. Mark Kirk, R-Ill., said the bill included at least a dozen earmarks for clients of PMA Group, a lobbying company now at the center of a federal corruption investigation.
There is a bigger point the author missed. ‘Transferring’ wealth to the wealthy implies- by default what you earn BELONGS TO THE GOVT. What you are ALLOWED TO KEEP is what the govt “transfers” to you.
Please tell me you are joking.
It’s all going to trickle down and will only be a matter of time before the not-so-rich start to rise up and realize they didn’t have it so bad before — At least they were working. Now the rich aren’t wining and dining clients, going to plays and concerts, no more golf tournaments, no more company picnics, they’ve cut back shopping at retail stores, no more of the cars and boats they used to buy with those bonuses. No more vacations. No more Vegas conventions. No more home renovations.
How many people are, or will be unemployed because zero is punishing the people with money who spread the wealth voluntarily by HIRING people in all industries. This guy is a real moron. He thinks you can build the economy from the bottom up. Fool.
No joke—flat tax all the way. It’s fair, it’s simple and you could fill out the card in fifteen minutes, no stress, no accountant necessary.
Obama is setting precedent and we should take that ball and run with it. According to him and the rest of the socialists, it is perfectly okay to pick one segment of society who is doing better than the rest and tax them to death.
So which segment of society do you see getting a larger and larger piece of the pie? GOVERNMENT WORKERS. They make more than their private sector counterparts and they have much better benefits and job security. Excluding the Post Office, there are 2,000,000 federal workers. Tax them an extra $1,000 a year and we’re up $2,000,000,000. Tax them $10,000 for that cushy government job and we’re up $20,000,000,000. Do this to all state, county, and city workers and we’ll be rolling in dough because pretty soon no one will want a government job and government will shrink by necessity.
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