"Spreading the Wealth"

http://ataxingmatter.blogs.com/tax/2008/07/reagans-trickle.html -- trickle down does not work and just spreads the wealth and concentrates with the rich. In order for business to grow, they also need consumers (the middle class) with money to purchase goods. See FDR's the New Deal as a historically comparison. If a business tells you he is going to cut employees for each dollar in taxes spent, don't buy it. He is cutting off his nose to spite his face as he will still be making a profit off the work of his employees. And, Obama's plan as has tax cuts and benefits to small business investing in the United States etc. Finally, Obama just wants to turn the progressive tax structure to were it was in the 90s under Clinton/Regan -- when the ecomony was booming.

Just thought I would let Einstein Obama know that when he raises my taxes, due to my being in that top 5 percent of income earners in America, that I will be laying off people in my firm accordingly. Dollar for dollar. As an example, let's assume in his useless infinite wisdom he taxes me an additinal $500,000 a year. Assuming the average person in my firm makes $50,000 a year, I will reduce my staff by 10 employees. We simply will learn to do more with fewer employees. Way to go Obama. What an idiot.

Obama's first, second, and third priority is to get elected. If that means pandering to large numbers of people who want a free ride, he'll be happy to throw them a few crumbs as a way to get their votes. He will also turn democracy and capitalism on it's head, and villainize the affluent and successful in our society, in order to rally the masses behind him. With evangelical zeal Obama will convince his followers to replace reason with hope and belief ... to blindly follow him ... never challenge him ... and embrace his words as gospel. In the real, and unforgiving world of economics however, when you immediately gratify everyone by feasting on the goose that lays the golden eggs, the economy looses it's ability to continue generating growth and wealth. Obama is promising everyone a piece of the pie, whether they helped bake it, or not ... but, only in a socialistic, or communist state do the non-contributors demand to share equally in the property that belongs to others. Immediate gratification, and getting something for nothing, is like a drug to the malcontents, but in the big picture, every farmer knows that you never eat your seed crop. If Obama gets elected, America will turn into a third world country, with massive government welfare programs, unable to generate jobs for it's citizens, and unable to compete in the global markets. Keep America safe, free and strong ... elect McCain/Palin on November 4th.

It's called bringing up the bottom. It was the basis for the success of unions so long ago. It needs to be applied more thoroughly. A worker working for a wage or salary is just as much a businessman as is the owner of the place that he works.

Yes, trickle up works. It's called a consumer driven, or consumer based economy.

I forgot to mention that the best way to stop terrorism is to stop them at the border. Fifteen of the ninteen terroists were saudi arabian responsible for 911 attack. They disappeared into our country on student visa. We still let them in due to our dependance on foreign oil. Sarah Palin has answers to this problem and she will spread our resource wealth to our country. The way i see the media has treated her is disgusting. She is a patriot. The smear campaign here in alaska against her is just that and the people of alaska cant believe the trooper was not fired. The lower 48 does not deserve her. If Mcain/Palin are elected get ready to see to see the washington fur fly starting with the gang of three.

Those 30% of citizens who DON’T PAY ANY taxes are still voters. They are a big block of voters and that’s who O is gunning for. That 30% obviously wants to get a bunch more free stuff from the GOVERNMENT. That means TAXPAYERS, get it? O is promising to give the NON-taxpayers more of the TAXPAYERS goodies. Woo Hoo! O yeah. Let’s not forget that we are going to save Africa and END WORLD POVERTY too! TAXPAYERS are going to pay for that too? CHARITY BEGINS AT HOME. Your comment is awaiting moderation.

Those 30% of citizens who DON'T PAY ANY taxes are still voters. They are a big block of voters and that's who O is gunning for. That 30% obviously wants to get a bunch more free stuff from the GOVERNMENT. That means TAXPAYERS, get it? O is promising to give the NON-taxpayers more of the TAXPAYERS goodies. Woo Hoo! O yeah. Let's not forget that we are going to save Africa and END WORLD POVERTY too! TAXPAYERS are going to pay for that too? CHARITY BEGINS AT HOME.

Spread the wealth spread the health care spread the fraudulant voter registration. Whats next? I can tell you my pension has been capped and my 401k is in the toilet.98% of the black population is voting for obama its juct a coincidence of course. 20 million illegal aliens with false social security numbers and drivers licences and who knows how many acorns. I fear the end of honest elections. I am an alaskan proud of it. sarah palin cleaned up our government a lot and cut everyone in alaska a 3200 ck from our permanent fund and for high energy costs. This is the kind of leadership we need in washington. She will clean it up. The difference between her and obama is you will have to work for it.

I think you can see the failing of our education system in a few of the responses. I don't care what a CEO makes if he/she is growing the business. I am not a victim and enjoy the opportunity to have my own business or become a CEO. I am offended by pseudo private companies (Fannie ad Freddie) whose CEO's are pals of our politicians from both parties and profit by it. The government produces nothing, creates nothing and profits only by taking from the working person. Every person in this country is responsible for their decisions and must live with them. Our government has created a victim mentality where they would have you believe someone else is responsible for your bad situation. Total manure, you are responsible. Look at Joe the plumber, They have tried to mask Obama's answer by questioning Joe's personal life. The question and answer are valid!!! Let's point that our to our Marxist friends!!

It is hard for me as a 30 year old to believe ignorance and apathy that has been fostered in this country. Most of the people voting for Obama do not have any idea what this guy stands for, and worse than that, the ones who do know don't care. The comparison of this guy to Robin Hood is incorrect. Robin Hood took from the State and gave to the people. Obama wants to take from you. My wife works everyday with the people Obama wants to "spread the wealth to". I can tell you this. Although his idea of giving to them so they have the same opportunities you had sounds noble, it cannot be achieved. The government has already given many (not all) people who fall into the low income category just enough reasons not to make something of themselves. I could go on for hours about medicare, welfare, W.I.C. and all the other failed government programs that do nothing but enable and encourage people to expect the government to take care of them. Why would any sane individual think it is a good idea to further penalize those who help generate jobs and grow the economy. I can't believe that this guy is even a real consideration for the presidency of the United States of America. HE IS A SOCIALIST. If he is elected it will be a grim turning point in our countries history and I fear the consequences my children will reap. My last point is that, when I was growing up, my parents always told me, "You are known, by the company you keep"...amazing how that no longer applies...

I think Obama's policy is a good one and should be applied to all schools and universities. Those students who make good grades should share with those that make bad grades so everyone can pass, wouldn't that be great.

Here comes another Communist (Obama)with his finger on the big red button. between him and Russia they could nuke the world. God help us.

WHAT THE HECK IS WRONG WITH THESE PEOPLE? LET SEE THEY WANT TO BITE THE HAND THAT FEEDS THEM. HOW LONG DO YOU THINK IT WILL TAKE FOR ANYONE WITH ANY MONEY TO STOP SUPPORTING THEIR SOCIALIST CAUSE? DO YOU THINK THAT EVERYONE IS GOING TO BE SO GENEROUS TO SUPPORT ALL OF THE NON PROFIT CHARITIES WHEN ANY MONEY THEY HAVE WILL BE TAKEN FROM THEM BY THESE LEFT WING NUTS? BY THE WAY HAVE YOU EVER NOTICED THAT MOST OF THESE LIBERALS ARE COMING FROM OR GOING TO NON PROFITS. THAT WAY THEY REALLY DON'T HAVE TO WORRY ABOUT EARNING ANYTHING THEMSELVES, IT'S ALL OTHER PEOPLES MONEY...THESE PEOPLE ARE FUNNELING MONEY TO ALL OF THEIR LIBERAL CAUSES WHEATHER YOU AGREE WITH IT OR NOT. THEY LOVE TO COLLECT MILLIONS OF DOLLARS FROM FOUNDATIONS WITH LIBERALS SERVING AS BOARD MEMBERS. I GUESS THEY THINK IT'S EASY FREE MONEY. WAKE UP AMERICA, THIS IS NOT WHAT MY FATHER AND MY GRANDFATHER FOUGHT FOR. THEY DISRESPECT THE SERVICE OF ALL THAT HAVE SERVED AND GIVEN SO MUCH FOR OUR FREEDOM THAT LETS THESE IDIOTS THRIVE....ANY WEALTH THAT I HAVE WILL NOT BE SENT TO THEM.. THE WELL IS NOW DRY.......

We don't need to speculate on the outcome of “bottom up” theories of monetary policy, or wonder if these theories in practice have ever ended up growing an economy? The 20th century alone has numerous living, practical examples of all degrees of socialist societies - more tested examples to choose from than any other time period in world history. Simply pick one that has developed a stronger, more powerful economy than what our current capitalist system has built here in the US. Pick one where the repressed, underpriveledged, disadvantaged people of the world are begging to enter and become citizens - in order for a chance to improve their lives. If that "better" system exists elsewhere, then let's duplicate it here. If not - there is nothing left to discuss on the issue.

can't you just hear the beat of Obama"s words.."Robin Hood,..Robin Hood,..Robin Hood."

Comment by Richie Oct 16th, 2008 at 2:18 am Sullivan said “can any economists out there please let me know if any “bottom up” theories of monetary policy have ever ended up growing an economy?” It was called “The New Deal”, my friend, and President Franklin D. Roosevelt brought us out of the great depression. _____________________________________________________________________________________ Actually, no my freind it did little to boost the economy. Ill be it that it stabalized it some and prevented any further falling (not that there was much further you could go). The thing that actually ended the great depression was this little event we like to call..... World War 2. Due to the huge influx of demand of manufactured goods (militarys around the world) the U.S., which was virtually untouched by the war, had its economy start to boom. look at the facts and figures, and you will see that prior to the outbreak of ww2 the economy was still very poor, but just as it started really going, the U.S. economy soared. In fact, you will really see this out of many wars where the producing countries are relativly untouched by the war (hard to build anything when your factories get destroyed) if you care to look at Japan prior to heavy engagments with the U.S. you will see that its economy was begining to grow and strengthen, same with germany for that matter. And after ww2, the new deal polocies were pretty much discontinued, the economy was booming and world was getting set for the cold war.

October 15, 2008 Obama's Cult "The man has almost no qualifications for the job other than having a sonorous voice and a good stage presence. He seems presidential to 40% of America because they have all “seen the movie”. He has the "President Palmer" (Dennis Haysbert) appeal that they have grown to appreciate over the years of watching 24. If appearing presidential is all that one need to become President of the United States, then Martin Sheen or Dennis Haysbert are just as qualified, actually more because they each have had several years experience pretending to be President and they were so good at it they were paid millions of dollars. It wouldn't make a difference because they are all extreme leftists, but at least we know more about the aforementioned faux Presidents (Sheen and Haysbert). Personally, I would prefer James Earl Jones. He seems to have much more gravitas and seems more circumspect in his movies. You can explain to these enchanted voters that Obama is..." www.BlackJFK.com

This is a gut check, America! Are we really going to let this happen, too? First the 1 trillion dollar bailout when 90 percent of America said NO, That sounds like Taxation without representation. and now this socialistic policy for the next 4 years? This is going to be a rough one. Vote all those creeps out and put term limits on Congressmen. Give them a flat rate for pay like 100,000.00 a year.

This a gut check, America! Are we really going to let this happen, too? First the 1 trillion dollar bailout when 90 percent of America said NO, That sounds like Taxation without representation. and now this socialistic policy for the next 4 years? This is going to be a rough one. Vote all those creeps out and put term limits on Congressmen. Give them a flat rate for pay like 100,000.00 a year.

Sen. Obama says he is willing to pay more taxes. There is no law against sending donations to the U.S. Treasury and I am curious as to just how many he and his staffers have sent over the years. I will bet every last drop of my blood he hasn't paid one cent more than what is required. Maybe Warren Buffet and any other liberals that are feeling guilty about their success should sign all of their assests over to the government now if they believe in the good news of socialism. There are no incentives for success in socialist societies. There are however, threats against life and liberty for failure to meet your quota. If you don't perform up to government standards you are sent to a work camp, not camp couch waiting on your Social Security Check. A serious reality check for the entitlement bunch would be to eliminate welfare entirely. This would be sure to drop the unemployment rate. There are jobs being created in America but why work a low paying job if a check comes every month wether you work or not? When was the last time you heard of a Communist/Socialist Nation being on the cutting edge of technology. Yes, I am aware that China has a space program, but the work has already been done for them. I am also aware that the U.S.S.R. beat us in several space races (while millions of their people starved.)

Arleen, Please don't confuse what Mr. Obama is suggesting as a way to punish the big corporations for the greed of a few on wall street and in washington. Most of those that were involved on Wall Street are either gone of thier companies are falling apart. There is little that we can do regarding this situation. The best we can hope for is that the FBI can provide enough evidence thru investigations to prosecute some of these CEO's and companies. Washington has already show that it will be protecting its own. I see the Senate and Congress calling in CEO's for questioning, but were are the committees that are investigating the Criminal acts within it's own ranks. What do you think will happen when it is completely Democratic across the board. There will be no one to question anything and no one to stop the Pelosi's and Dodds from doing what ever they want. Regardless of your political affiliations, this cannot be a good scenario for the Average American. There will be no more Checks and Balances. Make no mistake, if Obama's tax plan is put into effect, the larger corporations will just pass the tax burden on to the consumers, and it will be the average middle class american paying his taxes that will once again get the shaft. Remember $250,000 in NY or LA is not alot of Money, plus this is really minimal for small business's. His plan in reality is to take from all those paying taxes from the rich to the middle class and redistribute thier money to those that do not contribute to the system. I don't really understand how anyone can justify this as being a good thing for America. Think about it, it this were your children, you would be telling them, don't worry about it, you don't have to go out and make your own way, We as your parents will fund you forever. Obama is just increasing the class warfare. His view's on taxes, school programs, etc. Are so far to the left, it makes your head spin. He just has a way of saying it to people to make them think they are getting something for nothing, when in reality, almost everyone will end up paying thru thier nose one way or another.

Amen to Jim in Seneca. The problem with people today is they have never had to fight for anything, let alone care. Life is SO easy. If NObama is elected we can kiss life as we know it goodbye. I pray it won't come to that. Maybe if we all pray, God will spare us. From someone who is PROUD to be American.

Dan, If your paperboy is that well paid, then why did I go to college for the mere peanuts that I currently get paid. Most people aren't getting anywhere close to $250000.00 a year. Most of us are getting by on very little.

I'd like to reply to Arleen. I do not believe that it is the job of government to regulate the number of swimming pools or sizes of houses or number cars or kinds of cars, etc. It is also not the job of the government to regulate salaries or bonuses, etc.; these are matters for the people who govern the companies through boards of directors. Everyone should be able to "amass wealth" to the extent of their abilities and creativity. "Spreading the wealth" or wealth redistribution is just plain wrong.