Posted on 03/11/2009 7:53:12 PM PDT by St. Louis Conservative
Barack Obama has written two famous, widely read books of autobiography -- "Dreams from My Father" and "The Audacity of Hope." Let me introduce his third, a book that will touch everyone's life: "A New Era of Responsibility: Renewing America's Promise. The President's Budget and Fiscal Preview" (Government Printing Office, 141 pages, $26; free on the Web). This is the U.S. budget for laymen, and it's a must read.
Turn immediately to page 11. There sits a chart called Figure 9. This is the Rosetta Stone to the presidential mind of Barack Obama. Memorize Figure 9, and you will never be confused. Not happy, perhaps, but not confused.
One finds many charts in a federal budget, most attributed to such deep mines of data as the Census Bureau or the Bureau of Labor Statistics. The one on page 11 is attributed to "Piketty and Saez."
Either you know instantly what "Piketty and Saez" means, or you don't. If you do, you spent the past two years working to get Barack Obama into the White House. If you don't, their posse has a six-week head start on you.
Thomas Piketty and Emmanuel Saez, French economists, are rock stars of the intellectual left. Their specialty is "earnings inequality" and "wealth concentration."
Messrs. Piketty and Saez have produced the most politically potent squiggle along an axis since Arthur Laffer drew his famous curve on a napkin in the mid-1970s. Laffer's was an economic argument for lowering tax rates for everyone. Piketty-Saez is a moral argument for raising taxes on the rich.
(Excerpt) Read more at online.wsj.com ...
So show figure 9.
They are well on their way - after all, the rich are getting poorer.
the obama administration, doomed to be loaded with controversy and FAILURE.
Is there a ‘Rosetta Stone’ for ‘Ebonics’? Just wonderin’. Kthx.
That brings up a question. What happens when there are no longer any "rich" to tax?
...It’s like Robin Hood... Take from the Rich and Give to the Poor GOVERNMENT. [/cynic]
Then Obama will shoot the kulak family with two cows because they are oppressing all the peasants who only have one cow each.
No doubt, he’s out to destroy the U.S. economy with a vengeance. That’s what socialists do. We knew that a year ago.
I'm neither wealthy nor well connected nor should I have any financial obligation to support any of those things except possibly, "infrastructure".
0bama is bound and determined to squeeze every dollar he can out of me to support these idiocies along with every person who has less than I do and as I mentioned, I'm not wealthy.
There are two classes of people in this country as far as I'm concerned, those who actually pay federal income tax and those who receive it. I am out numbered and that's why 0bama is president.
>That brings up a question. What happens when there are no longer any “rich” to tax?
That won’t happen... you see as the wealthy lose more and more money, then there are more and more people in the group of “the rich”, this will continue until everyone realizes that every American is rich.
Remember the new acronym:
O ne
B ig
A ss
M istake
A merica!
Reminds me of Evan Sayet saying that liberals believe that the world is zero-sum. You cannot increase your wealth without decreasing someone else’s wealth. And you cannot be successful (like America has been) without harming someone else to the same degree.
Good read.
Thanks for posting it.
“There’s nothing wrong with making money, but there is something wrong when we allow the playing field to be tilted so far in the favor of so few. . . . It’s a legacy of irresponsibility, and it is our duty to change it.”
-BOBambi
Change it to tilt sharply towards the oligarchy, that is.
And Obama is so against the rich not paying their “fair share” that he has the money he made from selling books that he supposedly wrote into tax free municipal bonds.
Add hypocrite to the list of this guys many flaws.
Get-even-with-em-ism
Once we eat the rich, we move on to other forms of cannibalism.
Yes, the rich and poor will be eating grass side by side. When the government cars go by we will trample each other to get the chance to lick their dental floss if they throw it out of the window.
Figure 9 is only the start.
You really ought to follow the link to read what happens next.
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