Obama's Vendetta Against the Wealthy

Townhall.com ^ | September 22, 2010 | Donald Lambro

[television is just wrong]

but obambi is rich he has a vandetta against himself? oh wait he will make himself exempt of the vandetta.

[Jvette]

obambi is rich from the government trough and therefore, that is okay.

Libs have no problem with wealth gained through oppression and exploitation by government power and coercion.

[businessprofessor]

I strongly advocate elimination of all refundable tax credits. Everyone should pay at least 10% of their income for taxes as long as we have an income tax. Tax freeloading must stop. Tax welfare must stop.

[RockinRight]

He doesn’t have a problem with his OWN wealth, however.

[meyer]

but obambi is rich he has a vandetta against himself?

Reminds me of an old Star Trek episode.

"I am Nomad."

[dfwgator]

Here’s the thing about the wealthy, they love big government because it keeps out their competition. That’s why most of the filthy rich, like Warren Buffett are Democrats.

[TexasCajun]

I wish our side would stop saying ‘Rich’ or ‘Wealthy’ and instead refer to those as ‘Employers’.

[MichaelNewton]

“History shows that almost all tyrants have been demagogues who gained the favor of the people by their accusation of the notables.” Aristotle, Politics Book 5 Part 10.

[chooseascreennamepat]

“but obambi is rich he has a vandetta against himself? oh wait he will make himself exempt of the vandetta.”

I would bet an audit would show him to be nearly broke. Of course, that is ignoring the $millions/$billions he has stashed abroad.

[crosshairs]

Thats strange. I thought Hussein had a vendetta against all REAL Americans.

[BreitbartSentMe]

This requires capital and investors who are willing to risk it on new enterprises. Capital is on strike in the Obama economy, and his plan to push capital gains tax rates higher will only keep it locked up and spread further uncertainty throughout the investment and business community.

Who is John Galt?

[MichaelCorleone]

“Here’s the thing about the wealthy, they love big government because it keeps out their competition. That’s why most of the filthy rich, like Warren Buffett are Democrats.”

So that explains it. I never could understand why these people wouldn't want others to have a chance to do as well as they have. I guess I'm naive.

[dfwgator]

When you think about it this way, given the choice, would a business owner want a system that makes it easy for competition to emerge, or would he want a system that creates barriers to competition?

[FrankR]

There is one common thread that runs through those who "hate", or resent, the wealthy. They all seem to be like obama, lazy rabble who want something for nothing.

You don't see everyday Americans who go to work, pay their bills, and raise their families sitting around whining about the rich. By virtue of having the drive and intelligence to work for a living and make their own way, they know that you never get jobs from a poor man, and, that rich people did not get that way by being frivilous with their money.

Everyday we hear of some obama type winning the lottery, and they are filing bankruptcy in a couple of years.

The obamabots want to make it a sin for rich people to make money, but if those rich people whose investments result in more business and jobs were to stop, we'd all be jobless. We see the example already on the business that obama has meddled with as it has affected the jobs situation in America.

People who resent the rich think they are somehow "owed" a living, that they shouldn't have to work. Even obama's past professors, as well as White House insiders have all told how profoundly lazy obama is; he's a glory-seeker looking for a free ride, but don't ask him to do any actual work, lest you see one of the famous obama outbursts...or at least a scowl and a "presidential" pout.

That's why these people love, and fight for, socialism. It means they can sit their lazy asses on the wagon while the rest of us push and pull it along. Show me an obama fan and I'll show you a lazy f*cker...period.

He is the "gimme" president and that's where most of his popularity came from - the promise of freebies...colored beads and glass trinkets to the populace.

How anyone who is mature and serious about our country can allow him to continue playing "White House", is beyond me.

[wayoverontheright]

I wish our side would stop saying ‘Rich’ or ‘Wealthy’ and instead refer to those as ‘Employers’.

Thank you!

I refuse to allow those I talk politics with to use the word "rich". I say "Oh you mean our employers and investors, the people who sign your check?" I point out that punishing employers and investors is perhaps the best way to HARM lower income levels, if that were your goal.

The turning of the word "rich" into a pejorative is part of the reason we have so many people ignorant of how capitalism actually functions.

[wayoverontheright]

I wish our side would stop saying ‘Rich’ or ‘Wealthy’ and instead refer to those as ‘Employers’.

Thank you!

I refuse to allow those I talk politics with to use the word "rich". I say "Oh you mean our employers and investors, the people who sign your check?" It's instructive to point out that punishing employers and investors is perhaps the best way to HARM lower income levels, if that were your goal. By merely taxing them, you reduce their income, but by targeting their employers through tax policy, you may cost them their job.

The turning of the word "rich" into a pejorative is part of the reason we have so many people ignorant of how capitalism actually functions.

[DB]

Well many of those “rich” and “wealthy” are neither.

They simply are trying to become wealthy while having road block after road block thrown in front of them while at the same time being vilified for not paying their “fair share” and/or causing the economic mess we’re in.

[yldstrk]

my wealthy MIL hates the rich too.............go figure

[chilltherats]

In terms of just economic analysis, of course the author is right. But I think the author makes a huge mistake in assuming that zero is simply wrong out of ignorance. In fact, the title of the article is accurate - it’s a vendetta against the “rich” (and the middle class as well). But then the author goes on to explain zero’s policies that damage the “rich” as a reflection or function of his ignorance.

Either it’s a vendetta or it’s ignorance. It can’t be both.