Posted on 10/27/2008 6:54:06 PM PDT by Names Ash Housewares
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."
As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to "redistribute" income through higher taxes. He also demonized corporations and called for massive government "investment" in social programs.
Barack Obama Sr., who died in 1982 at age 46 in a Kenya car crash. 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."
(Excerpt) Read more at ibdeditorials.com ...
A bit old editorial, but I thought this deserved some attention again for obvious reasons.
Line 1 : How much did you make?
Line 2 : Send it in.
HIT!! That is what they want. 100% tax and then you get your pay from them. Escape plan in process.
ping
>Yet, suspiciously, he does not once mention his father’s communist leanings in an entire book dedicated to his memory.<
gosh, i wonder why?
/s
Thank you Met!
Here’s one I’ll ping tomorrow morning:
Obama Compared America to Nazi Germany
http://www.freerepublic.com/focus/f-news/2116999/posts
“I mean you’ve got World War II, you’ve got uh, uh, uh, the doctrines of Nazism, that, that we are fighting against, that start looking uncomfortably similar to what we have going on, back here at home.”
Let’s see. 100% taxes would be abject slavery, right?
No thank you , Nobama.
In reality, anyone who continues to work at a 100% tax rate is a fool.
Privately held firearms is what stops the government from enaction a 100% tax
Why work when there is no direct benefit, except to assist the government in keeping their boot at your throat.
0bama senior was as dumb as a rock...as is 0bama junior
He just couldn’t have tried to take after his mother could he...
I prefer the term indentured servant thank you very much!!
Our Tax System Explained:
Suppose that every day, ten men go out for beer and the bill for all ten
comes to $100. If they paid their bill the way we pay our taxes, it
would go something like this:
The first four men (the poorest) would pay nothing.
The fifth would pay $1.
The sixth would pay $3.
The seventh would pay $7.
The eighth would pay $12.
The ninth would pay $18.
The tenth man (the richest) would pay $59.
So, that’s what they decided to do.
The ten men drank in the bar every day and seemed quite happy with the
arrangement, until one day, the owner threw them a curve. ‘Since you are
all such good customers,’ he said, ‘I’m going to reduce the cost of your
daily beer by $20.’ Drinks for the ten now cost just $80.
The group still wanted to pay their bill the way we pay our taxes so the
first four men were unaffected. They would still drink for free. But
what about the other six men - the paying customers? How could they
divide the $20 windfall so that everyone would get his ‘fair share?’
They realized that $20 divided by six is $3.33. But if they subtracted
that from everybody’s share, then the fifth man and the sixth man would
each end up being paid to drink his beer.
So, the bar owner suggested that it would be fair to reduce each man’s
bill by roughly the same amount, and he proceeded to work out the
amounts each should pay.
And so:
The fifth man, like the first four, now paid nothing (100% savings).
The sixth now paid $2 instead of $3 (33%savings).
The seventh now pay $5 instead of $7 (28%savings).
The eighth now paid $9 instead of $12 (25% savings).
The ninth now paid $14 instead of $18 (22% savings).
The tenth now paid $49 instead of $59 (16% savings).
Each of the six was better off than before. And the first four continued
to drink for free. But once outside the restaurant, the men began to
compare their savings.
‘I only got a dollar out of the $20,’declared the sixth man. He pointed
to the tenth man,’ but he got $10!’
‘Yeah, that’s right,’ exclaimed the fifth man. ‘I only saved a dollar,
too. It’s unfair that he got ten times more than I got’ ‘That’s true!!’
shouted the seventh man. ‘Why should he get $10 back when I got only
two? The wealthy get all the breaks!’
‘Wait a minute,’ yelled the first four men in unison. ‘We didn’t get
anything at all. The system exploits the poor!’
The nine men surrounded the tenth and beat him up.
The next night the tenth man didn’t show up for drinks so the nine sat
down and had beers without him. But when it came time to pay the bill,
they discovered something important. They didn’t have enough money
between all of them for even half of the bill!
And that, ladies and gentlemen, journalists and college professors, is
how our tax system works. The people who pay the highest taxes get the
most benefit from a tax reduction. Tax them too much, attack them for
being wealthy, and they just may not show up anymore. In fact, they
might start drinking overseas where the atmosphere is somewhat friendlier.
David R. Kamerschen, Ph.D.
Professor of Economics
University of Georgia
For those who understand, no explanation is needed.
For those who do not understand, no explanation is possible.
ACORN - get it? It’s a joke, son. He’s a good kid, just a little slow on the release. /foghorn-leghorn
...they MIGHT go somewhere else?
Try they WILL go somewhere else.
Atlases are going to be shrugging all over the damn place.
Obama’s tax form:
1. We know you made “XXXXX”; we have it in our accounts.
2. Here is what we are bestowing back to you based on your race and your government-calculated need.
How is this man Obama running for President? His dad was a communist, his mom a communist fellow traveler. I have my doubts about the politics of his grandparents. His mentor when he was a teenager was Frank Davis, he got his start in politics through Bill Ayers, he spent twenty years in Wright’s church. He says the Constitution is fundamentally flawed, he favors wealth redistribution. How is he running for President?
I think a big part of the blame lies with enablers such as the news media, Democratic politicos, and big money donors who look the other way while supporting this guy.
I was looking for this — thanks for posting it!
bttt
My fave Foghorn Leghorn crack: That boy’s about as sharp as a pound of liver.
Be sure to FReep this Digg to the top!!!
http://digg.com/political_opinion/Obama_Like_Father_Like_Son
A most enlightening piece. Shades of Mugabe... another African wealth distributor.
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