I'm only posting a couple links today in order to emphasis a subject that has been on my mind recently...
Obama and the Democratic party are advocating raising taxes on the "rich" in order to correct the "unfairness" of our "tickle down economy." First of all, a "tickle down economy" is a socialist's way of describing capitalism. They think that the "rich" undeservedly hoard all of America's wealth, leaving little to be shared by the middle and lower class. Obama's solution to this problem is nothing short of wealth redistribution. Basically, this amounts to Robin Hood economics: Steal from the "rich" and give to the poor.
According to Obama, the current tax code is "unfair" and is causing the middle and lower classes to suffer. Let's look at some figures to illustrate just how "unfair" the current tax system is. The top 50% of wage earners pay over 96% of all federal income taxes. The top 10% of wage earners pay around 65% of all federal income taxes. The top 1% of all wage earners pay about 35% of all federal income taxes. Therefore, the top 1% of wage earners pay 10 times more in income taxes then the bottom 50%. I must agree with Obama, this tax system seems to be unfair, indeed. However, Obama believes it to be unfair for an entirely different reason... he thinks the "rich" need to pay more. What he fails to acknowledge is that since the Bush tax cuts, the federal government's tax revenue has increased by about 20%. Therefore, its not that Washington is not raking in enough money from taxes, they are just spending too much. Washington's spending will only increase if Obama is elected, considering his plan to socialize the health care industry. (A real problem with socialized medicine, besides the fact that it overextends government responsibility and authority, is that there is no cost control, however, that is an entirely new subject altogether.) Note: When you hear Obama say "tax cuts" for the lower class, just insert the word "handouts."
Without further addressing the "unfairness" that also accompanies the capital gains, payroll, and dividends taxes, I think it is important to focus on the language that Obama and Biden have used recently when speaking of taxes. As one of the articles above reports, Biden said it is "patriotic" to pay more taxes. He thinks that if the "rich" were to pay higher taxes, they should feel satisfied in having providing government handouts to the poor, thus creating a greater sense of equality. (I have no doubt Karl Marx would agree.) This sentiment exposed a fundamental difference between conservatives and liberals, which I have come to discover. Conservatives believe in equal opportunity. Liberals, on the other hand, believe in equal outcome. Meaning regardless of how hard you work or how smart you are, liberals believe everyone deserves an equal piece of the pie. (This is yet another subject that could be discussed in greater depth.)
One question I have is if patriotism is directly proportional to paying more taxes, then I guess the middle class is less patriotic since they pay less taxes, right?
This statement is of even greater concern, considering Biden's recently released tax returns that show he has only given around $3000 to charity in the last nine years. (The link to this article is on my previous posting.) Oh, and by the way, he made nearly $3 million during this time period! This perfectly illustrates liberals' idea of the role of government. They believe the government should assume complete responsibility for the less fortunate and should dictate where my money is spent; therefore, freeing me of all individual responsibility and making the recipients of the money over-reliant on government aid.
Obama recently made a similar remark when interviewed by Bill O'Reilly. He compared paying more taxes to giving a larger tip to a waitress who is not as financially well-off. He is confusing the role of government and the role of the individual. The act of tipping a waitress or donating money to charity should only occur due to the freewill of the individual, not government force. Having your money confiscated by the government and redistributed is not charity. It is socialism.
Government should not be likened to the Salvation Army and the tax system should not provide for the redistribution of wealth. Limited taxation with limited government encourages a more vibrant economy for all to share. Now, I know that paying taxes is a necessary evil; however, I believe patriotism is not best revealed by paying higher taxes but when the individual is given the opportunity to spend and donate his money freely.
1 comment:
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