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A good campaign strategy is for conservatives to repeat this fact over and over and use Venezuela as an example of socialism’s consequences.
And the Dems should just tell the truth.
They want to take your money and give it to other people in exchange for votes. They want big government so they are ruling over a more powerful government.
If Democrats could figure out a way to take 150% of your paycheck, they would do it.
"Like Father, Like Son – Obama’s Father: Government 100% Taxation of Income OK
October 27, 2008 by Editors
Investor’s Business Daily | Aug. 14, 2008
As a Nairobi bureaucrat, Barack Hussein Obama Sr. advised the pro-Western Kenyan government there to “redistribute” income through higher taxes. He also demonized corporations and called for massive government “investment” in social programs.
Writing in a 1965 scholarly paper, Obama’s late father slammed the administration of then-President Jomo Kenyatta for moving the Third World country away from socialism toward capitalism. He chafed at the idea of relying on private investors — who earn “dividends” on their venture capital — to develop the country’s fledgling economy.
“What is more important is to find means by which we can redistribute our economic gains to the benefit of all,” said the senior Obama, a Harvard-educated economist. “This is the government’s obligation.”
The “means” he had in mind were confiscatory taxes on a scale that redefines the term “progressive taxation.”
“Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”
Therefore, he added, “I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development.”
NYTimes:
'But he did identify what he called “tactical lessons.” He let himself look too much like “the same old tax-and-spend liberal Democrat.”
The Education of President Obama