WASHINGTON - You won't find it in his campaign ads, but Barack Obama let slip his plans to become a modern-day Robin Hood in the White House, confiscating money from the rich to give to the poor.
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Conservatives yesterday ripped Obama after he was caught on video telling an Ohio plumber that he intends to take the profits of small-business owners and "spread the wealth around" to those with lesser incomes.
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The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.
Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.
"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.
After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."
"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too. WASHINGTON - You won't find it in his campaign ads, but Barack Obama let slip his plans to become a modern-day Robin Hood in the White House, confiscating money from the rich to give to the poor.
MORE: Mac's Tax Ax A Saving Grace
MORE: O Poster Expelled At City HS
MORE: McCainiac Names Tot After GOP Ticket
MORE: Barack Backs Away From ACORN
Conservatives yesterday ripped Obama after he was caught on video telling an Ohio plumber that he intends to take the profits of small-business owners and "spread the wealth around" to those with lesser incomes.
The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.
Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.
"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.
After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."
"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too.
Doesn't sound too bad to me. A mixed socialist-capitalist economy is a good thing for the middle class, when guided by natural morality, rather than marxist determinism.
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I oppose socialism because the government cannot calculate value. I see no reason why people who make more money should pay more taxes, i.e. I see no reason for a progressive tax rate.
Socialist policies inevitably hurt the economy. The free market works. Let it work.
I always hated Robin Hood.
The free market does not work if there is no safety net for those who cannot find work. Capitalism is merciless and exploitative in that the system is willing to let you starve if you cannot pay. Just watch and see what happens when you graduate from college if you can't get a job and pay your bills. Who co-signed your loans? Dad, right? Well, in the extreme scenario, he could potentially lose whatever collateral pledged if in turn he couldn't pay for you.
A progressive tax rate will help provide a safety net for the working and middle classes that comprise the backbone of the nation. Moreover, Obama's suggested tax will take into account those businesses that create jobs, thus providing incentives for individuals and corporations to produce wealth, rather than merely consume it.
Capitalism in the United States has also been socially irresponsible, because to a large degree it has shifted its production capabilities to third world countries where labor is less protected and overhead costs are lower. When allowed to greedily run amok, the free market doesn't work. Check out corporations like Northrupp-Grumman and Haliburton, as well as Microsoft before you go off spouting platitudes about how the free market works. Left to itself, the free market will go through boom and bust cycles that benefit shrewd entrepeneurs but wound everyone else. Those people have a right to insulate themselves from the oppressive cycle. Taxing those responsible is part of that protection. A modicum of socialism will bring balance back to the system and benefit a large portion of society. And it won't necessarily hurt the economy. As long as hard work and creativity are rewarded in the financial system, I see no problem with a three percent tax increase for people who earn over $250,000 per year. That is really only a tiny tiny taste of socialism and is nowhere near comparable to the fiscal policies of oh, say, Germany or France.
socialize or die
Put more intelligently, Mr. Obama seems to hold that citizens have a natural right to a certain standard of living. I do not. I do not see the government as morally obligated to economically provide for its citizens. If I cannot pay back my student loans, I and I alone am responsible for the consequences.
Furthermore, with respect to socialism, I hardly think President Obama will stop with minimum socialist programs.
let's hope not
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