Spread The Wealth Around

The only way, and I mean the only way you can interpret this is that he wants to steal money from those who are earning it and giving it to people who are not. Frankly, if you don’t see it that way chances are that you are a socialist and just don’t realize it yet.

Need more information to determine your socialist-status?

Okay, here’s some.

One of Barack Obama’s most potent campaign claims is that he’ll cut taxes for no less than 95% of “working families.” He’s even promising to cut taxes enough that the government’s tax share of GDP will be no more than 18.2% — which is lower than it is today.

It’s a clever pitch, because it lets him pose as a middle-class tax cutter while disguising that he’s also proposing one of the largest tax increases ever on the other 5%. But how does he conjure this miracle, especially since more than a third of all Americans already pay no income taxes at all? There are several sleights of hand, but the most creative is to redefine the meaning of “tax cut.”

For the Obama Democrats, a tax cut is no longer letting you keep more of what you earn. In their lexicon, a tax cut includes tens of billions of dollars in government handouts that are disguised by the phrase “tax credit.” Mr. Obama is proposing to create or expand no fewer than seven such credits for individuals[.]

Get it, the one-third of Americans who do not pay taxes are going to get tax cuts. But how do you cut something that does not exist?

Six of the seven listed in the Obama plan are these “refundables”, money people get from the federal government even if they pay no taxes at all. These are not “tax cuts” but instead welfare grants based on specific social policy. It’s blatant redistributionism, as the money comes from tax increases on the wealthy.

In other words, socialism.

Real tax cutters use that policy as a way to restrain growth in federal government, although the Republicans certainly forgot the other part of that equation for six years — cut spending. Obama’s plan actually makes people more dependent on federal government, and expands it significantly. It adds to the entitlement mentality while doing nothing about rewarding risk. This plan will penalize risk and encourage the wealthy to find even more shelters for their income and capital, more likely outside the US, which will mean fewer jobs and fewer opportunities.

The last thing this economy needs is a flight of capital. We need that money invested in America to create jobs, not hidden away from an aggressively redistributionist federal government. We should be reducing taxes, but not giving more money to people who don’t pay any at all.

Stealing from the rich, who for the most part earn their riches and are paying most of the taxes that fund government programs, and giving it to the poor (if owning multiple DVD players, big-screen TVs, several cars, etc., etc. can be considered poor) who aren’t paying for any of the government services they get now.

That’s Barry’s plan.

He’s Robin Hood.

Only Robin wasn’t in it for power. He didn’t want the poor to depend on him for the rest of their lives. He just wanted them to get a fair shake until they could get back on their feet. But Barry and the Dems, they want to push even more entitlements on people making them less likely to be productive citizens and more likely to just sit back and become more dependent on government to do things for them. To take care of them. And gain even more power by doing so.

Unfortunately there are plenty of Americans who want just that now. They have a name, too.

And that name is liberal. Or Democrat to be more specific.

1 Comment(s)

Comments RSS TrackBack Identifier URI