[Tzimisce]

Karl Marx ***HATED*** the middle class. He came up with a plan to get rid of the middle class.

His plan included:

Progressive taxes
government confiscation of all inheritances
Nationalization of all industry
Nationalization of the banks
A government crackdown on the money supply

So here we sit in 2013 and Obama wants:

Progressive taxes
government confiscation of all inheritances
Nationalization of all industry
Nationalization of the banks
A government crackdown on the money supply

And everyone is shocked that the middle class is taking it on the chin?

But what can I say? Middle classers keep voting for it....

[1rudeboy]

Boudreaux highlights a comment on his blog, by George Leef, regarding this column:

The trope is well refuted by Boudreaux and Perry, but (as they doubtless know) its function has never been to catalyze serious economic analysis. It functions merely as an excuse for interventionist politicians who want excuses to further expand the power of government in order to reward their political allies. The trope suckers voters into supporting politicians who claim that they’re for the struggling middle class, but intend to succor union leaders, environmental zealots, the education establishment and so on. Expanding the scope and cost of the government is exactly the opposite of what would actually benefit the middle class, namely lower taxes, increasing private investment, a more efficient educational system, and less waste of our limited resources on political boondoggles.