"Boater" wrote in message
...
Eisboch wrote:
"Boater" wrote in message
...
wrote:
So all of a sudden everybody has finally discovered that Sen. Obama,
with his comment to Joe the Plumber, plans to ". . . spread the wealth
around." We should all be worried.
snerk
Snerk yourself.
While the concepts are nice and appealing to many during an election
campaign, the problem is not the specific details of Obama's proposals
or even the income levels over which taxes will be raised.
The problem is in allowing government - and the "leaders" of government
to control it ... period.
We've had income redistribution since the early 20th Century. There's
nothing new about it. I think it perfectly appropriate for those families
above $250,000 in net income to be paying more in taxes by seeing some of
their previously granted tax cuts go by the wayside.
As far as being against "government control," that baby was tossed out
with the bathwater this year when the capitalists greedily accepted
taxpayer bailouts of their failed financial institutions.
Our economy is upside down right now. It needs lots of adjustments and the
financial markets and the corporate world need lots of regulations to help
ensure it doesn't happen again.
It's too bad greed got in the way, eh?
It is. But the greed and subsequent crash was due to a unique sector of the
financial structure, namely sub-prime home mortgages that were bundled and
sold as securities to "average out" the risks. The Democratics were as
responsible, if not more so, for instituting this social welfare program,
which is yet another example of "spreading the wealth". People like Barney
Frank just lie about it now.
To his credit, McCain was raising the alarms back in 2005.
The system isn't perfect, but contrary to thunder's comments and cites, the
US economy has historically recovered from downturns not by raising taxes on
people or businesses, but by lowering them. Even Obama is now beginning to
backpedal a bit from his promises of tax reductions for the middle class by
increasing taxes on those with incomes over 250K (which happens to include
many small businesses that could otherwise use that tax money for
expansion). Obama is beginning to hint that he may have to delay
implementation of some of his economic plan, including the tax provisions,
until the economy improves.
Eisboch