Obama’s Tax Plan: “Just tax the heck out of people at the end and just redistribute it.”
Here’s an interesting tid-bit from an 8,000 word(!!!) New York Times piece on Obama’s economic policies:
“If you talk to Warren [Buffet], he’ll tell you his preference is not to meddle in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.” He continued by saying that he thought there was some merit in Buffett’s argument.
The problem with Obama’s scheme is that it’s socialism, and socialism doesn’t work for two reasons:
First, why should anyone work to achieve more when they can just wait around for the wealth of the achievers to be distributed to them?
Second, who do we trust to do the wealth redistributing? Congress? The President? C’mon. We’re really supposed to believe that our nation’s political elite are capable of redistributing billions in a fair and non-corrupt way? The whole reason we live in a representative democracy is because our founding fathers knew that the government could not be trusted with too much power. Sadly, we’ve come along way from that founding principle to a point where Presidential candidates like Obama are promising to redistribute our wealth for us according to what they think is best.
Is that freedom? Not in the least. Rather than empowering Americans to provide for themselves Obama would rather use the coercive power of government to punish the most successful Americans while rewarding the least successful.
