I heard that Mr. Obama has essentially outlined his goals as “redistribution of wealth.” If memory serves me right (with apologies to “Iron Chef”), Obama believes all the money America needs is right here and we just have to get it into the hands of the people who don’t have as much (read: raise taxes, but only on “rich people.”) Then everything will be fine.
Put another way, Obama is buying votes from the masses with a promise: I’ll take money from successful people and give it to people like YOU who are not as successful. Robbing from the rich to give to the poor? The question: who’s rich and who’s poor? The answer: only your government knows for sure!
Ask yourself this question: Do you want to be rich? If the idea of writing a great novel, inventing a new product, or starting an new business with the intent of being successful (aka “well to do”) sounds good, do you want someone to take away half or more of your profits and give them to someone who didn’t think up your idea or didn’t work hard writing your book? Overtaxing “the rich” makes people reconsider where they’d like to keep their wealth or live to spend it. There are plenty of other countries in the world that “rich people” would be invited to live.
But that’s the so-called “filthy rich,” isn’t it? Small business doesn’t need to worry, right? Okay, what is a “small business?” If you work for a company that’s big enough to offer health benefits, chances are it makes more than $250,000 a year, which is Mr. Obama’s cutoff for where the secret wealth of America is hidden and must be obtained to share with everyone. So, he’ll take the money from them (kiss your raises and holiday bonuses goodbye), divide it up and give it to you… unless the company goes out of business, in which case you’ll have get another job, starts at the bottom again, or collect unemployment… you know, from the government.
Here’s a question I want someone to ask Mr. Obama: under his administration, what is considered “my fair share?” He should be able to define or outline that, right? Wine or beer? Blu-ray or DVD? Lexus or Honda? House or apartment? Paper or plastic? We ALL should get our fair and equal share, right? And if my neighbor gets something new, when do I get one, too?
Really it comes down to this. If you have “enough” money and choose to give it away to someone YOU feel could use it, that’s fine; it’s YOUR money. If the government puts a gun to your head and tells you to give it whomever they choose, that’s something else. Whether you call it a tax credit or not, welfare has never been more than a temporary solution at best.
Today’s Lesson: “Teach a man to fish, he’ll eat for a lifetime. Give a man a fish, and Barack Obama probably took it away from a successful fisherman.”
Orignal From: Innovation vs. Redistribution