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  • October 15, 2008 11:41 AM EDT by Brian Sullivan

    "Spreading the Wealth"

    Tonight is the last of the three planned Presidential debates.   The economy and taxes will be a major focus.   Much of that debate centers on the supposed "tax cuts for 95%" claim Senator Obama has been pushing.   The Wall Street Journal dissected that claim recently.   

    Regardless of those numbers, the Senator also may have unwittingly revealed the true plan behind his strategy: take from those who have and give to those who have less.

    The New York Post has an interesting story today where the Senator told a successful plumbing business owner in Ohio that he intends to "spread the wealth" around by taxing those who have the nerve to become "rich."

    Here's an excerpt from the story and the Post link has the video:

    The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.

    Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.

    "Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.

    After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."

    "It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too. 

    Here's my call for your help: can any economists out there please let me know if any "bottom up" theories of monetary policy have ever ended up growing an economy?   

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Karl

What happened to the credo, "Every thing I have I earned ... every lesson I've learned, I've paid for"

October 15, 2008 at 1:49 pm

Steve

As for those that think Socialism is GREAT, maybe they should take a good hard look into the quality of life of those living in Venezuala. If they think those POOR peolple would not want the opportunity to be free of socialism, I suggest they think again. Except for the leeches. Only those that are born leeches want socialism. They have zero self esteem and an incredible sense of entitlement. The BHO crowd is playing to those wanting to be able to stay home, eat, drink and make babies and wait for the government checks to roll in. I find it so amazing at how many leeches we appear to have in this country or maybe it is the main stream media that is trying to make us think socialism is the best for this country. Should the media succeed in getting a socialist elected you can be certain that the first next step will be to close down any conservative voices on the radio and TV. Niether candidate is my choice but BHO would do more damage to this country than any politician in history.

October 15, 2008 at 1:38 pm

Jim in Seneca

Whay isn't this front page headline news? It is important to all business owners and all stock holders.

October 15, 2008 at 1:27 pm

rramjet

Obama - socialist/marxist. If the American public is dumb enough to elect this Manchurian candidate, perhaps it is time again to remind the citizens what issues created this country in the first place. No -- no need reminding them, they never knew or cared what the revolution was about due to our stellar school system.

October 15, 2008 at 1:00 pm

Mitch in Stl

The people of this country no longer care to take care of themseleves. Let alone anyone else.

October 15, 2008 at 12:51 pm

Mitch in Stl

The people of this country have been reduced to parasites.

October 15, 2008 at 12:51 pm

Mitch in Stl

http://online.wsj.com/article/SB122385651698727257.html The People of this country are stupid without bounds. Not because the don't even know about this. But because I think most of them have no problem with this.

October 15, 2008 at 12:49 pm

JP

Isn't that communism?

October 15, 2008 at 12:40 pm

SHARON GOUDY

IF OBAMA GETS ELECTED, LET'S GET USED TO HEARING OF THE USSA!!! UNITED SOCIALIST STATES OF AMERICA. GOD HELP US ALL. WHY IS HE SO VERY UNCOMFORTABLE WITH PEOPLE WHO WORK HARD AND GET AHEAD, YET MORE THEN WILLING TO MEET EVERY NEED OF ANYONE WHO WILL NOT WORK?? THERE ARE TRULY PEOPLE WHO NEED SOME TEMPORARY HELP BUT THIS ENTITLEMENT SOCIETY OUR GOVERNMENT HAS CREATED IS STEALING MY DAUGHTER, HER CHILDREN AND HER CHILDREN'S CHILDREN'S FUTURE. AGAIN I SAY GOD IN HEAVEN HAVE MERCY ON AMERICA ONCE AGAIN AND HELP US. IT'S GOING TO TAKE A MIRACLE TO RIGHT THE WRONGS THAT HAVE BEEN AND ARE BEING PERPATRATED ON THE HARDWORKING HONEST CITIZENS OF THIS COUNTRY!!!

October 15, 2008 at 12:25 pm

about this blog

  • Brian Sullivan joined FOX Business Network (FBN) in April 2008 as an anchor. He co-anchors the 10am-12pm ET hours of the FOX Business block. Prior to joining FBN, Sullivan served as an anchor for Bloomberg Television where he hosted the programs Morning Call and In Focus.

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