Obama's socialistic economic themes

Discussion in 'Congress' started by jreeves, Sep 15, 2008.

  1. jreeves
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    jreeves Senior Member

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    Seeing through Obamanomics - The Boston Globe
    On Sept. 8, Fox News broadcast an interview between Obama and Bill O'Reilly that focused on taxation and the economy. Obama repeated his pledge to cut taxes for 95 percent of Americans, while raising taxes on the tiny fraction who earn more than $250,000.

    "That's class warfare," O'Reilly objected. "You're taking the wealthy in America, the big earners . . . you're taking money away from them and you're giving it to people who don't. That's called income redistribution. It's a socialist tenet. Come on, you know that."

    "Bill, Bill, Bill, Bill," Obama replied. "Teddy Roosevelt supported a progressive income tax." He acknowledged that he doesn't enjoy paying taxes either - "you think I like writing the check?" - but that "there are certain things we've got to do." His tax proposal, he explained, was a matter of civility:

    "If I am sitting pretty and you've got a waitress who is making minimum wage plus tips, and I can afford it and she can't, what's the big deal for me to say, I'm going to pay a little bit more? That's neighborliness." If that is Obama's rationale for making the tax code even more steeply progressive than it already is, it's no wonder voters are having second thoughts about his economic aptitude.

    "Neighborliness." Perhaps that word has a nonstandard meaning to someone whose home adjoined the property of convicted swindler Tony Rezko, but extracting money by force from someone who earned it in order to give it to someone who didn't is not usually spoken of as neighborly. If Citizen Obama, "sitting pretty," reaches into his own pocket and helps out the waitress with a large tip, he has shown a neighborly spirit. But there is nothing neighborly about using the tax code to compel someone else to pay the waitress that tip.

    Taxation is not generosity, it is confiscation at gunpoint. Does Obama not understand the difference?

    Perhaps he doesn't. Eager though he may be to compel "neighborliness" in others, he has not been nearly so avid about demonstrating it himself. Barack and Michelle Obama's tax returns show that from 2000 through 2004, when their adjusted gross income averaged nearly a quarter of a million dollars a year, their annual charitable donations amounted to just $2,154 - less than nine-tenths of 1 percent. Not until he entered the US Senate in 2005 and began to be spoken of as a presidential possibility did the Obamas' "neighborliness" become more evident. (In 2005-2007, they gave 5.5 percent of their income to charity.)

    Obama claims his proposal would lower taxes for 95 percent of Americans, but well over 43 million tax returns, one-third of all those filed, already reflect an income tax liability of zero. In fact, Obama says, his plan would eliminate income taxes for an additional 10 million taxpayers. What he is really proposing, therefore, is not tax relief but a bald transfer of cash - $1,000 per family, he pledges - from the wealthiest Americans to everyone else. In 1972, George McGovern advocated something similar - a $1,000 "demogrant" for every US citizen. Just last year, Hillary Clinton suggested that the government start off every new baby with a $5,000 savings account. Voters didn't take the bait when McGovern and Clinton offered it. Here's betting they won't take it now.

    Why not? Because you don't have to be rich to be skeptical when a candidate argues that the top 1 percent of taxpayers, who already pay 40 percent of federal income taxes, aren't being taxed enough. Nor do you have to be an economist to wonder about the grasp of a nominee who tells 95 percent of the public that they can have something for nothing. Obamanomics may look pretty at first glance. But voters are focusing more closely now, and they can see beyond the lipstick.

    Obama's hypocrisy is laughable.
    So how does he reduce someone's taxes if they already have a tax responsibility of $0?
     
  2. PeterS
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    PeterS Active Member

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    Socialism! Yikes!!!! Our economy is built around a transfer of wealth. Why on earth does it bother conservatives so much when part of it flows downwards instead of upwards? And I do love your contention that 95% of the population do not pay taxes. Very funny....
     
  3. editec
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    editec Mr. Forgot-it-All

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    Idiotic sentiment.

    Want to see what libertopia looks like, jreeves?

    It looks like this:

    [​IMG]

    It looks like Somalia.​

    Yup, those libertarians in Somalia are free from the burden of government taxation at gunpoint, alright.​
     
  4. rayboyusmc
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    rayboyusmc Senior Member

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    I am glad that giving more money to the ultra rich has worked so well so far for our economy.
     
    • Thank You! Thank You! x 1
  5. Anguille
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    Anguille Bane of the Urbane

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    Good point. The problen is, is that the libertopians always envision themselves as part of the upper tier in a third world society, much like gamblers always imagine themselves as being dealt the winning cards.
     
  6. editec
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    editec Mr. Forgot-it-All

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    I have a new name for this philosophy

    SCROOGEitarianism
     
  7. Anguille
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    Anguille Bane of the Urbane

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    love it!!!
     
  8. jreeves
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    jreeves Senior Member

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    1/3 of people already have 0 tax liability or a negative tax bill(refund, due to earned income credit) but they should receive money from the sucessful. :cuckoo:
     

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