Image by Captain Victor via FlickrI have written about Obama’s campaign to vilify the so called “rich” (>$250,000) as not paying their “fair” share of taxes is getting a little grating on people who know their economics and know where his populist brand of socialism is heading.
Democrats, by their very nature, need to rob the rich to give to the poor and where in the days of Robin Hood, that strategy made sense, it no longer is a valid and worthwhile economic endeavor and actually will harm our fragile economy.
While in Atlanta
The facts are these: The top 5% earn 35% of the adjusted gross income but pay 59% of all income taxes. Take a look at that again…the top 5% of earners in this country pay nearly 60% of all taxes; that leaves only 40% for the rest of the 95% of income earners.
Out of the remaining 95% of wage earners, 50% pay NO taxes at all. The remaining 45% of wage earners (Middle Class) pay the remainder so how can Obama say that the rich are getting away with murder?
Just the word “rich” applied to anyone or any household that makes $250,000 or more is absurd; how can you compare someone earning $250,000 to someone making multiples of millions?
Medved points out that most Americans want to be rich, they strive to be rich, they dream about being rich so rich is a goal and not an abomination. People that have reached their goals are living the American dream and for that they should be punished?
Democrats are all about poor people and how money from the rich provides welfare for the poor. Nobody wants to be poor and instead of teaching the poor how to better themselves and get out of poverty, the Democrats encourage poverty by paying them to stay poor; they make more money on welfare than trying to work for a living.
Obama wants to prevent people from becoming rich by heavily taxing their income. As a nation, I think we want MORE rich people and FEWER poor people but Obama disagrees?
Medved points out the disconnect that occurs when you try to punish the high achievers and reward those that are dysfunctional and therefore dependent on government handouts; does that even make sense?
Obama’s brand of populism which promotes hatred and resentment in the have-nots against those that have, is not only a dangerous game but it is unproductive and in the end will destroy him and his party.
I don’t like radical Tea Partiers but their message of taking personal responsibility for not only yourself and your family but also responsibility for making this country great, is a message that a majority of Americans can agree with and Obama’s push for forced unionization and more welfare will not sit well with the majority of responsible, hard working Americans and will lead to his political demise.
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