Why the Really Rich Love Socialists

Chicago Boyz blog ^ | October 30, 2008 | Shannon Love

[NavySEAL F-16]

This article [h/t Instapundit] shows that the U.S. has a more progressive tax code than the democratic-socialist states of Europe.

Such a state of affairs should not come as a surprise. Our own history shows that the very wealthy benefit from leftist policies of high tax rates, “targeted” taxation and industrial policy.

The ugly truth is that the really wealthy can manipulate the political system to their own ends better than ordinary people. They can lobby for specific tax breaks that only they can take advantage of. They can get government trade protection for their companies. They can get bailouts. If all else fails, the truly wealthy can simply relocate their wealth into whatever area the government policies du jour make the most profitable.

[do the dhue]

And when the dust settles on socialist land, there will be no leftist left. The hard core socialist call leftist useful idiots. The useful idiots will be used and thrown away in the end.

http://www.dailymotion.com/video/k6KUDv1wzraWhwlBt1 Yuri Bezmenov expert on Idealogical Subversion

[jamese777]

Voters with incomes over $200,000 were 6% of the electorate this year. Exit polls show they went for Barack Hussein Obama by 52% to 46% for Senator McCain and 2% for other candidates.
Voters with post-graduate educations were 17% of the electorate and they prefered Obama by 58% to 40% with 2% for others.

[Carry_Okie]

Yes, I know Stalin had Trotsky killed.

I don't have the evidence to portray the O-man as Stalin (yet), as much as he seems to me so inclined. So, I thought of a gentler more suggestive parallel of him setting things in motion, seeing as Bill Clinton is too much of a buffoon to fill that malevolent role. N'est ce pas?

[do the dhue]

Stalin is yet to come. By 2012, Lennen and Trotsky will have it so messed up, even the democrats will cry for change within their own party. That is when Stalin (Hillaryous - The Brain) will run against Lennen and take over the world with Pinky (Bill) NARF!

[do the dhue]

That is right, Bill is a buffoon, a cad I tell you. That is why he is Pinky and Hillaryious is The Brain (Stalin).

See me post above...

[Cacique]

btt

[NavySEAL F-16]

November 11, 2008 Posted by John at 9:37 AM
Marginal income tax rate increases during the Great Depression, courtesy of TaxProf;click on link to view graph.

During the campaign, Barack Obama pledged to mimic the Hoover-Roosevelt policies that lengthened the Depression. Let’s hope that like Obama’s other promises, this one is subject to reconsideration.

http://www.powerlineblog.com/archives/2008/11/022050.php

[hinckley buzzard]

Finally, someone has said it

Remember Ross "I have four billion dollars" Perot? Remember that he had it all invested in tax exempt muni bonds?

The rich love socialism as long as it sticks to taxing income and not wealth. If it crosses that line, as the Pelosi-Reid-Obama axis threatens, you will see a sudden change of heart.