"But that is EXACTLY what you do when your goal is to build a Socialist Utopia."
Money quotes:
“More taxes, heavy-handed regulations, and command-and-control government will not hasten recovery. Instead, it will delay it and do so at a terrible cost to taxpayers, businesses, and working families.”
“You don’t build a house by blowing up its foundation.”
Small businesses and the entrepreneurs who lead them have been the primary drivers of job growth over the past decade. This plan would punish them with higher taxes, resulting in less government revenue, less economic growth, and fewer jobs—not more.
A ‘Taking from Peter to give to Paul’ strategy won’t work for long. It upsets Peter and doesn’t equip Paul with the tools he needs to become a productive member of society.
“we can’t forget that real growth comes from the doers, dreamers, and risk takers who run America’s millions of small businesses. If we take away their incentives to take risks, grow, and succeed—as this budget does—we will be unnecessarily shooting ourselves in the foot.”
Good stuff. And how is the stock market reacting to the Obama policies, another sell off today. The only “grown up” at the table is Ben Bernancke. Destroying incentives for small and large businesses will only keep unemployment higher/longer.
Individual businesses have been sending money to Democrats for years in order to be eaten last by the crocodile. They thought Obama was another Clinton. They did not realize just how socialist he really is. It might be too late, but better late than never. If they start opposing him vigorously, members of Congress could stop him, especially the Blue Dogs.
"But that is EXACTLY what you do when your goal is to build a Socialist Utopia."
“It upsets Peter and doesn’t equip Paul with the tools he needs to become a productive member of society.”
More than merely upsetting Peter, it impoverishes him, and creates a strong incentive for him not to be productive. Since Paul needs Peter for his survival, to impoverish Peter is to hurt Paul.