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The Invincible Lie (Thomas Sowell)
Creators Syndicate ^ | Julu 10, 2012 | Thomas Sowell

Posted on 07/10/2012 1:29:17 PM PDT by jazusamo

Anyone who wants to study the tricks of propaganda rhetoric has a rich source of examples in the statements of President Barack Obama. On Monday, July 9th, for example, he said that Republicans "believe that prosperity comes from the top down, so that if we spend trillions more on tax cuts for the wealthiest Americans, that that will somehow unleash jobs and economic growth."

Let us begin with the word "spend." Is the government "spending" money on people whenever it does not tax them as much as it can? Such convoluted reasoning would never pass muster if the mainstream media were not so determined to see no evil, hear no evil and speak no evil when it comes to Barack Obama.

Ironically, actual spending by the Obama administration for the benefit of its political allies, such as the teachers' unions, is not called spending but "investment." You can say anything if you have your own private language.

But let's go back to the notion of "spending" money on "the wealthiest Americans." The people he is talking about are not the wealthiest Americans. Income is not wealth — and the whole tax controversy is about income taxes. Wealth is what you have accumulated, and wealth is not taxed, except when you die and the government collects an inheritance tax from your heirs.

People over 65 years of age have far more wealth than people in their thirties and forties — but lower incomes. If Obama wants to talk about raising income taxes, let him talk about it, but claiming that he wants to tax "the wealthiest Americans" is a lie and an emotional distraction for propaganda purposes.

(Excerpt) Read more at creators.com ...


TOPICS: Business/Economy; Editorial; Politics/Elections
KEYWORDS: obama; sowell; taxes; thomassowell

1 posted on 07/10/2012 1:29:26 PM PDT by jazusamo
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2 posted on 07/10/2012 1:32:27 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo

Dear God why couldn’t the first ‘black’ President be this incredibly brilliant man, instead of Omoron


3 posted on 07/10/2012 1:56:17 PM PDT by Mr. K (OBAMA MUST BE STOPPED ROMNEY/GINGRICH)
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To: Mr. K

Amen to that, FRiend!


4 posted on 07/10/2012 2:10:24 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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Please bump the Freepathon or click above and donate or become a monthly donor!

5 posted on 07/10/2012 2:11:12 PM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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To: jazusamo
Is the government "spending" money on people whenever it does not tax them as much as it can? Such convoluted reasoning would never pass muster if the mainstream media were not so determined to see no evil, hear no evil and speak no evil when it comes to Barack Obama.

Most journalist can't do math... and definitely don't understand economics. And maybe that's part of the bias. It's not just a double standard - but a defensive lack of understanding... Or I'm empathizing too much - and they really do hate all conservatives...

6 posted on 07/10/2012 2:29:43 PM PDT by GOPJ (Celebrate the first annual TPIC - "A Day Without Illegal Aliens" July 15th 2012)
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To: jazusamo
I wonder if we can kill the 'trickle-down' meme by pointing out that the Left believes in it too.

The left wants the government to grab the money of the rich and spend it and pass it around so it trickles down to the poor - after the government takes its cut.

The problem with the conservative trickle down is that it only trickles down to those willing to work for it.

The steal-and-share leftist model of trickle-down runs out of victims sooner or later.

7 posted on 07/10/2012 5:41:05 PM PDT by slowhandluke (It's hard to be cynical enough in this age.)
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To: jazusamo

Trickle down is the liberalised language change that actually was Supply Side Economics. The liberals only hate Supply Side when it is allowed in the private sector, if it is in the government sector they love it.

Take for example the “need to spend more on education to stimulate the economy.” They admit with this plea that they believe in increasing the supply of a product (educated students) in order to stimulate economic growth. The difference is that in order to increase the supply of their preffered products, they must STEAL from the most productive segments of the economy.

Therefore, it is a fair conclusion to state that they have no allegience to any specific approach to stimulating the economy. They could care less if it is “Supply Side” or “Keynesian.” All the really care about is being given the ability to STEAL from others. Envy is proven in thier every statement and there is a reason that it is an Deadly Sin. It is destructive to individuals and destructive to sociaties.

Which is the result of their desire to be thieves, destruction......they never create, just destroy.


8 posted on 07/11/2012 7:45:56 AM PDT by CSM (Keeper of the Dave Ramsey Ping list. FReepmail me if you want your beeber stuned.)
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To: CSM
they must STEAL from the most productive segments of the economy.

You are so right.

Every time I read something like that it reminds me of LBJ's "Great Society." I'll never forget him saying, (paraphrased) we'll take from the "haves" and give it to the "have-nots."

It was a great day when he announced he would not run for office again.

9 posted on 07/11/2012 8:36:19 AM PDT by jazusamo ("Intellect is not wisdom" -- Thomas Sowell)
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