Posted on 08/18/2008 5:58:22 PM PDT by Kaslin
Election '08: Barack Obama's economic blueprint sounds like one his communist father tried to foist on Kenya 40 years ago, with massive taxes and succor shrouded as "investments."
Writing in a 1965 scholarly paper, Obama's late father slammed the administration of then-President Jomo Kenyatta for moving the Third World country away from socialism toward capitalism. He chafed at the idea of relying on private investors — who earn "dividends" on their venture capital — to develop the country's fledgling economy.
"What is more important is to find means by which we can redistribute our economic gains to the benefit of all," said the senior Obama, a Harvard-educated economist. "This is the government's obligation." The "means" he had in mind were confiscatory taxes on a scale that redefines the term "progressive taxation."
"Theoretically," he wrote, "there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed."
Therefore, he added, "I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development."
(Excerpt) Read more at ibdeditorials.com ...
This Hussein Obama candidate says it all about the American Communist Party (known as Democrats). This rotted apple has not fallen far from the tree. Only, I don’t think Hussein is smart enough to be a Communist.
Who was it that said that the difference between a Communist and a Socialist is that the Communist KNOWS what he’s doing? And I don’t think Hussein has any idea what he doing . . . maybe his anti-American wife knows, but he certainly doesn’t.
Quick....somebody call Andrea Mitchell.
Maybe she’ll bring this up on Meet The Press.
Oh yes there is, bankruptcy. Then you have a revolution, and the Premiere gets dragged into an alley and strung up, then you have decades to rebuild a capitalist system...
When will the Marxists learn? IT DOESN'T WORK.
Obama’s father was a Harvard educated economist AND endorses communism? That tells me that Obama Sr did very poorly in school and didn’t listen to a word the professors said, unless they were idiot commies, too.
Socials has failed EVERYWHERE it has been tried mainly because it removes all incentives to work. Some of the “rich” people in this country work 80 hours a week to get that way. Why work your fingers to the bone so that the worthless SOB next to you shows up to work drunk, when he bothers to show up at all, and gets the same pay as you?
Yep, everyone is equal. Equally poor and miserable, that is. Except for the elite, of course who DESERVE to live better than you and I.
Exactly. Marx factored in everything except human nature. It would work beautifully if it wasn’t for PEOPLE.
How any serious, respectable American political party could think Junior to be their most fitting candidate to ascend to the POTUS is beyond audacity! It's sheer anti-Americanism, as if to repudiate everything that's been great about this country's rise for more than two centuries!
HF
You don’t have to be smart to be a Communist, you just have to think you’re smarter than anyone else.
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