Obama will be remembered as a good propagandist. No accomplishments other than to rouse ignorant people into a frenzied and destructive envy.
It seems obvious to us, just purely mathematically, that taxation can’t pay down our debt. If for no other reason at some point people won’t pay them. They’ll avoid and evade, go offshore, go off the books, dug holes in the backyard, retire early, and shrug. If they didn’t the effect of taxation would be to depress the economy, and that defeats its own purpose.
But they think differently. The money is out there, they reason. They’ve seen rich people. They are them, and they hang out with them. They’ve seen their yachts and ponies and golden toilets. That stuff could just as easily be in the treasury. That should be in the treasury, by rights. Sitting in richies’ bathrooms is not its optimal social outlet. People are starving while you’re sitting on gold!
Now, that’s merely how they sell it. Conspicuous consumption is conspicuously gauche. Most of the money, however, is in the middle class,. Because that’s the most populous class. And theirs is not the optimal outlet, either. It should be spent on green energy, useless higher education, and free healthcare.
You see, it’s all wrong, the whole thing. We are not spending the money they’ve so far let us keep the way they want. There is no optimal gubmint spending as share if GDP. There is only optimal spending, whatever its share is. They know better than you how to spend the money, and don’t bother them with any guff about spending being tied to earning. From each according to...you get the idea.
Then of course there’s the
VDH is brilliant and I look forward to his articles, but he’s falling for the trap. Obama isn’t a socialist. He isn’t somebody motivated by the desire to help the lower class. He’ll let you think that. He’ll even let you think that he might be a socialist. This is just part of the misdirection in THE DEMOCRAT CON GAME. Obama is a Shill. His job is to distract you while the Grifter runs the con.
Good - he can start with those rich Hollyweird actors/entertainers and TV talk shows (Letterman, Leno, etc) people.
From each according to his ability, to each according to his need.
It’s a ridiculous game, but probably what the Republicans should do is demand that the 39.6% rate be applied to a new tax bracket for those making over $1 million. That way Obama could really “sock it to the rich” (the “real” rich), yet it would have very little real world effect on anything.
Folks, the man is enacting reparations while the country debated Big effing Bird.