The Brian Sullivan Blog
  • 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?   

Rodyon

Uh...isn't bailing out our largest banks and financial system with gov't cash socialism? Oh, wait, that's reverse socialism since in this case we're just benefiting CEOs already making millions.

October 15, 2008 at 4:41 pm

Jadk DPA

Just Read the posts and it looks like I in good company.... Where are the Liberal Leftists, Hiding under their bed or out padding the votes again.... I just cancelled my Thanksgiving plans for New York, gona go fishing down South where the lakes are pristene, the weather comfortable, and the women that still say Yall Come now.. Adios my friends.

October 15, 2008 at 4:28 pm

PLW

There is a solution to impending Socialism. Vote for McCain. In addition, if we all voted out the incumbent EVERY TIME the problems would all go away. Doesn't matter which party they are. Doesn't matter if you like them or not. Doesn't matter if they bring home earmarks to your State. Vote out the Incumbent and watch the problems go away. The one thing everyone in Washington knows is that the American public isn't smart enough to do that.

October 15, 2008 at 4:11 pm

Avery Byrd

What do you expect? Obama rode the "free" ride his whole life. How do you think he became a Harvard graduate? He wants hard working people to pay the "have-nots”. Get a clue to why there are some people who are "have nots"? It’s because they have people handing them freebies left and right so they never learn to be responsible. If I am going to spread the wealth I will do it through my favorite charities, I certainly don't want to give it to our wasteful spending government!

October 15, 2008 at 4:09 pm

Al

Success is NOT an entitlement, it is earned through hard work and sacrifice, no matter what Obama thinks. Welfare is another matter.

October 15, 2008 at 3:53 pm

lisa11042008

if he thinks making $250,000 is "rich", he obviously has never been to connecticut.

October 15, 2008 at 3:50 pm

Steve Nelson

Our founding fathers would be astonished to learn of the arguments proposed by Obama. Our country was founded on the principles of life, liberty, property and the pursuite of happiness without government intrusion. The foundation of our economic existence - capitalism - is based on an individual's right to work and profit from his own productive means. Individual rights, freedom, justice and progress are the values, goals and practical result of capitalism. If we elect Obama, the ideology that made this country great will be in extreme jeopardy.

October 15, 2008 at 3:47 pm

Gene Kay

I say give the populist what they want and see how long they can survive/like it. I know I can survive it, and kind am looking forward to it. BRING IT ON!

October 15, 2008 at 3:46 pm

RONALD NAV

TIME TO STOP WORKING OVERTIME .....DO WHAT YOU CAN TO PAY NO INCOME TAXES ...NO MORE 6TH DAY OF WORK ...FIGHT BACK TO THE INCOME TAX ....

October 15, 2008 at 3:42 pm

Timw

We get the government we deserve. Soon when production slows to nothing and foreign lenders refuse to lend to us to buy production not made here (that has already happened)the populace will scream and squawk. Unfortunately, a war will be fought to distract and pump the economy and retain power. Think some PC war, like Africa somewhere.

October 15, 2008 at 3:27 pm

susan b.

The "people that are coming up behind" the plumber should have a chance at success ONLY if they are willing to work for it!!! And definitely not at the expense of someone else's sweat and tears. This is the "everyone gets a trophy" mentality coming in to play here... and it infuriates me! We live in the greatest country on earth because we are given the OPPORTUNITY to prosper and succeed, it is not a RIGHT, it has to be earned. Otherwise it means nothing. When you equal out the playing field and give credit where it is not due you rob that person of any sense of achievement and pride, you rob them of character and self esteem. It breeds the "everyone owes me something" attitude so prevelant in society today. My daughter came home from preschool and told the story of the teacher giving candy to the "bad kids" so they would behave and she said "there's no reason to be good!" Kind of sums it all up doesn't it.

October 15, 2008 at 3:24 pm

Anne L

I can't even believe this is how things are going - I'm so disgusted. Why should I work when I'm going to be taken care of by someone else??? Oh that's right, I'm one of the "fortunate ones" that has WORKED FOR EVERYTHING I HAVE!!!!

October 15, 2008 at 3:22 pm

Radarnav

So, in other words: The Liberal wing of the Democrat party wants to PUNISH successful Americans that pay their salaries!!! It is truly amazing to me that 50+% of the American people are prepared to elect someone to the Presidency in which they know very little about. His resistance to talking "off the cuff" should have been a warning sign. That tactic is classic in a politician's approach to hiding his real philosophies, beliefs, and positions. Given the current extremely liberal make up of the Congress (both houses), if we continue down this path by electing Obama and more Democrats, we are committing ourselves and our children to a Socialistic, Nany state for generations. Right now, over 35% of American workers pay no federal income taxes. Obama's philosophy will only create more American that sub-optimize their potential, so they don't have to pay more taxes. That is not the way to grow a country - look at the abysmal mess Europe is in! Not the legacy I wish to leave my children and Grand children.

October 15, 2008 at 3:09 pm

Carole Metheny

Actually, I should be excited about this...I've lost most of my retirement account so now I can let everyone else take care of me!!! Glad I'm old and won't have to live too long under a socialist regime.

October 15, 2008 at 2:46 pm

Symbolic Damacles

America's schools have taught this socialist garbage - implicitly or explicitly - for many decades. Why do so many citizens buy into the Democratic Party's "for the little guy" line? I was watching a movie on AMC last night, one of the characters, a 1950's high school principal, spouts this priceless line: "We believe in the progressive theory of education around here, there are no bad boys, they can all be helped to find the correct path." That's all government and education is attempting to do. Help all of the great unwashed find the correct path. Hah!

October 15, 2008 at 2:35 pm

Dennis

Dear Brian, Did you just figure this out... this has been a part of Obama's plan from day one!! You act as though you are enlightneing us... the other media in this country will not even address this issue. The fed & bank TSAR Hank hold private meetings with the big banks... did they all discuss how to buy up the weak banks... which ones should survive !! This is FACISM & Obama will bring the rest us the left to install COMMUNISM or will it be the beginning of MUSLIMISM... Take your choice... I am moving to France with Barb Striesand & all the other movie elite.

October 15, 2008 at 2:35 pm

Orlando

I left Cuba in 1974 ,.. I'm back in Cuba again ,.. It's like a bad twilight zone episode ,.. First time I saw Obama speak I knew he was a commie ,.. I can smell them before they even start to stink ,.. I have been blessed to have been able to experience oppression so that I make recognize it's symptoms right away ,.. Most American have been blessed or perhaps cursed to have been born in the greatest country EVER thus being blind to many dangers like Obama's tactics ,.. People have been warned but they don't want to listen (you can bring a horse to water) ,.. It breaks my heart to see this great land headed into this direction ,.. I think the 60's and 70's socialist movements are coming to fruition by means of Academia, Hollywood, the Press and it has now infested Washington more than ever. Buckle up my fellow Conservative Americans It's going to get ugly and most of you will learn a valuable lesson the hard way ,.. My god, what happend to my glorious conutry?

October 15, 2008 at 2:32 pm

Dan

250K in gross receipts? That's practically anyone with more income than the paperboy! It's now the middle and upper incomes Vs. the poor. I wonder how much Obama will allow me to take home next year...

October 15, 2008 at 2:22 pm

The J

This should be the number 1 story everywhere. This has to be the first time a major party canidate has publically and without hiding it pushed the socialist ideal of income redistribution. Under Obama his Income Redistrubution Service (IRS) will be taxing wealthier people who work hard like this plummer and giving checks to people who pay no tax at all because its the "fair" thing to do. - This isnt some crazy right wing claim, this is his actual plan. The final nail in the coffin for capitalism in this coutry as we knew it.

October 15, 2008 at 2:17 pm

K. Ross

I will say that tissue paper lines will start forming along with Gulags for those who don’t wish to work for the common good of the mother land. Wow, look at Norway and Sweden for examples of socialism. Maybe my reference to the old Soviet Union was an extreme but the principles are the same and it didn’t work so well for them. Communist China even saw the errors of the leveled socio-economic structure so they have moved closer to a multi-class economic structure (tongue in cheek here) similar to good ol fashioned capitalism. Sadly, most people don’t realize exactly what is happening here. Taking from the evil rich and giving to the poor down trodden. It has been said that we are the most generous society on the planet. Numbers show that we freely dig into our pockets to help the truly unfortunate without government chiding. My fear is that will stop as soon as the government gets further into our pockets. Businesses will shut down and send more people to the unemployment lines and we will find ourselves as indentured servants to the government instead of the government serving us. Won’t life be grand when the wealthy have to give up the drudgery of working hard and providing jobs that they can live the real good life waiting months to find out if they can get an MRI for that lump, standing in line for the weekly ration of TP, and getting a government ham for the holiday dinner this year for being a good comrade. I’m excited aren’t you Brian?

October 15, 2008 at 1:57 pm

John

more: Just wait till Comrad Obama get his hands on it!

October 15, 2008 at 1:54 pm

Marc G

Odinga-Communist that agreed to make Kenya an AlQuaida sanctuary, killed 500 christians in Kenya. Obama's Cousin? Obama went to Kenya to campaign for him, knowing that he contracted with radical muslim's for their support Ayers-Communist Wright-- Black separatist communist theology Alinsky -communist his son recruited Obama as aChicago community organizer, Obama's speeches and play book mirror Alinsky's book. Rezko: Connected to Auchi and going to jail Auchi: Criminal via Iraqui Oil for food fiasco , coordinating his entry to Harvard?? Who the heck has this guy associated with that is not an admitted communist, terrorist or genocidal maniac? If he does not support capitalism and judeochristian's right to exist in Africa who thinks he is gunning to see free markets and freedom thrive here? --I know he is not a muslim, either is Odinqa but with enough power and money, Odinga sold his sole with Obama's blessing.

October 15, 2008 at 1:52 pm

John

more: And now they are in complete control of all our money!

October 15, 2008 at 1:52 pm

Al

Beyond the fallacy of 95% of the population being unaffected (the refundable tax credits to 44% of Americans who, within 3 years of Obama's presidency will pay no tax in the first place will be paid for by the remaining 56%), providing a disincentive to entrepreneurship will bring about the downfall of capitalism as we know it. We all can't be takers.

October 15, 2008 at 1:51 pm

John

Most folks don't understand - this government is running on it's own and doesn't need us anymore. Where else can they produce a bill that we all rejected due to cost. So they reconsider it, add more expense to it and WALA the bill passes. A completly COMMUNISTIC policy!

October 15, 2008 at 1:49 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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