Monday, July 28, 2008

Barry's Wealth Redistribution

Globe-trotting statesman and mass media darling Barry Obama has redefined the income classes in the U.S. According to Barry, if you make less than $250,000 annually you are “somewhere in the middle class.” Based on this he would raise taxes for families making $250,000 or more and lower taxes for those making $150,000 or less.

This is disturbing.

Collapsing of the classes and massive income redistribution have been mainstays of liberal ideology for decades. With this proposal we see the very real potential of it being enacted. This is the crux of an Obama administration – Smug elitists will decide how to spend your money because you are not nearly as smart as they are and that renders you incapable of making such important decisions.

The Bolshevik Revolution of 1917 ushered in communism. Private bank accounts were confiscated. Factories were put under the control of the government. Land was redistributed. And wages were fixed. We’ve seen how well this system of government has “helped” people. Just ask the starving masses in North Korea and China. That is, if you could ask them. Capitalism isn’t perfect, but it’s a damn sight better than the alternative. Make no mistake about it – Barry has an alternative plan.

As a former student of economics at university I am a proponent of Laissez-faire. The literal translation is “let do”. In theory, it calls for minimal intervention in private markets by the government. Barry is at the other end of the spectrum.

The government, according to the Declaration of Independence, has 4 main duties:

Provide for the common defense
Promote general welfare
Establish the rule of law
Ensure domestic tranquility

It’s not in the business of making people happy. We ourselves are responsible for that.

2 comments:

Anonymous said...

Amen Philbert!

Lisa said...

I'll second that.