Skip to comments.Obama's Redistribution Of Wealth: Inside-Out, Not Top-Down
Posted on 03/28/2010 9:30:16 PM PDT by Daniel T. Zanoza
Plan To Disenfranchise Middle Class and Poor May Lead To Something Worse Than Socialism
Many have asserted there are those who wish to destroy America's economy and replace capitalism and the free enterprise system with European-style socialism or something even worse. I didn't want to believe this. It seemed like a wild conspiracy theory, but the actions of the so-called progressives who dominate our government tell me this is true.
There is a myth President Barack Obama's campaign promise to redistribute America's wealth was top-down, meaning wealth would be taken from the have's and given to the have-nots. However, in reality, Obama's agenda is targeting the middle class and poor as well.
Health care reform represents a perfect example of how Obama will achieve his radical agenda. The fact is, the wealth of the United States is going inside-out, not top-down. The current health care reform law illustrates my point perfectly. Besides the law destroying one of the best health care systems in the world, the United States will be plunged into a chasm of debt from which it might never recover.
Some say the Democratic Party desires to create a form of government akin to European-style socialism. However, one of the primary tenets of Communism is to disenfranchise the middle class and poor. Recent reports from large corporations indicate adherence to the guidelines within the health care reform law will negatively impact their bottom lines and, subsequently, these costs will be passed on to all Americans in the form of higher taxation and skyrocketing inflation. This will have a devastating impact on what is already a struggling economy. For example, AT&T, the nation's largest communications provider, released data reflecting the fact the health care bill will cost this corporation $1 billion in the first year alone of the implementation of this new law. Of course, AT&T will not be the only business which will see its profits greatly reduced. The fact of the matter is the losses suffered by huge corporations and companies are only the tip of the proverbial iceberg.
But the impact of overhauling America's health care delivery system will also lead to the loss of jobs because many large firms will not be able to offset their expenses by simply passing higher costs along to their customers. The first victims regarding the loss of revenue concerning giant corporations and companies will be their employees. More Americans will lose their jobs and the current unemployment rate of nearly 10% will soon soar. In actuality, the true numbers regarding unemployment are closer to 17%, due to the fact current unemployment statistics do not reflect those who have fallen off the unemployment rolls, taken part-time jobs or have stopped looking for work entirely due to the fact jobs just aren't there. Subsequently, the top-down myth regarding redistribution of wealth is just that...a myth. America's wealth is flowing from the inside-out to nations which own our debt, including China and Japan.
However, since the establishment media is complicit in the radical plan to reform America's form of government, those in the middle class and the poor will eventually blame capitalism for their problems. This was the case in the 1930's when Communist organizations flourished in the United States. Even though President Franklin D. Roosevelt's "New Deal" was in full flower, it took World War II to end the Depression and stifle the myth that Communism was the answer to our nation's woes.
Today, there is a common misperception that the poor are flourishing under Obama's administration. The truth is support for the first African-American President in U.S. history among blacks has decreased by 10% since his election. There has been little or no job creation for those who live in the inner cities and this has led to frustration from many minority leaders who believed Obama's election would be a windfall for the economically depressed. Therefore, the fear regarding whether the U.S. is turning towards socialism may actually be an understatement of what lies ahead for the country.
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