Is Obama the first one to propose increased taxes in order to redistribute wealth?
DC Maximus asked:
He says he will “spread the wealth around” by increasing taxes on the rich. His tax increase is not tied to any proposed expenditure or program other than spreading the wealth around. Is he the first American politician to promise increased taxes in order to redistribute wealth? What do you think of it?
Create a video blog
He says he will “spread the wealth around” by increasing taxes on the rich. His tax increase is not tied to any proposed expenditure or program other than spreading the wealth around. Is he the first American politician to promise increased taxes in order to redistribute wealth? What do you think of it?
Create a video blog
Kansieo.com
No, not by a long shot. If you think he is truly the first to do this then you are serverly lacking in American History.
One of the first Presidents to “redistribute the wealth” was Lincoln…40 acres and mule for free.
What do you call FDR’s New Deal?
There is a glaring omission I’m leaving out, I want to see if someone has the intiative to post his name…he was balding and wore glasses. Whoops, it appears he didn’t wear glasses.
Caffeinated Content - Members-Only Content for WordPress
Castro, Stalin, Lenin and Ilwinski all did too.
Create a video blog
Not even close to the first…
Caffeinated Content
From what I’ve read, yes he is. This is European socialism.
Caffeinated Content
And he’s winning too…
Man, that must really chap your azz!!!
Caffeinated Content
the fact of the matter is under Obama’s plan all americans earning under 250k get a break or stay the same. How is that bad? If you are making over 250k come on here and state your case we will wait.
Create a video blog
George McGovern did, and lost by a landslide.
Caffeinated Content
McGovern tried it. It was called ‘grants’ and it was a total failure. People are willing to pay higher taxes for the usual govt. spending, but not because the president wants to give your money to somebody else.
Caffeinated Content
Actually he used the term spread the wealth in referring to one person buying a service from another, not in relation to taxes.
Taxes will go up three percent if you make more than a quarter of a million, back essentially to where it was under Clinton.
The world didn’t stop then, no one ran screaming from the floor of the Stock Exchange and life for the rich went on.
In the meantime trickle down has been a f**k up.
We face severe problems in the next few years as jobs are hard to find and people who made good money run out of their savings without being able to find jobs. Leading to them either living in cars or on state aid. And the states are already feeling the pressure.
We need to be sensible and make taxes easier on the middle and working poor, or, quite frankly, when the depression ends, there won’t be enough people around to enjoy it.
A few extra percentage points on those who won’t be missing a meal or going hungry is worth it.
If we are to have any pride left in our country at all.
Create a video blog…instantly.
no many have tried to sell that taking from teh rich and redistributing will help the welath of teh nation. the simple fact is that we are in a recession. recessions come from people needing moeny but not having enough to pay back a loan and yet still taking out the loan. the only way to solve our crisis is for the Federal Reserve to bump up the dicount rates and raise the reserve requirments so that te people will stop taking out loans they can’t afford. then, because we still have to deal with inflation, we have to create a loan for business that will help them jump start their business and allow for a spread of income through comsumer science
Caffeinated Content
Herbert Hoover used a very strikingly similar “Chicken In Every Pot ( a Car in Every Garage)” campaign promise. That’s all it was—because Congress saw the utter failure in it ( and the rich of the time, as today, wasn’t about to even allow it to happen ).
I wouldn’t be at all surprised if Obama got his “Share The Wealth” idea from Hoover’s vision. And IF “Share The Wealth” is to be even tried—will fail flat. America’s rich will NOT go for it—and if they were made to……they’d simply “catch-back” on us middle class folks by implacing quite higher consumer and utility prices ( as if we don’t pay outrageous fees as it stands today ).
And after that “Share The Wealth” check passes through the IRS TAX filter, the “Share The Wealth” check in your hands becomes the “Here’s Your Pittance, Bub” worthless check.
Hoover’s predecessor created the acceptable compromise of Social Security—which America’s rich DID go for, because they saw the “( bank ) interest in the program.
And America’s rich—with great help from corrupt politicians over the years–have robbed clean and created laws that allow undeserving people to heave in hefty SS checks—-leaving those deserving folks holding the bag.