Fanning the flames
Obama sticks by crisis-causing policies
"Having managed to create an income-tax system in which fully half of the “taxpayers” pay no tax at all, the left is now trying to decouple the failing entitlement from its taxpayer base as well"
Well, it's Obama's One-And-Only Idea: Get ALL revenue from "the rich," who are portrayed as terminally greedy and undeserving, and have Government redistribute the booty to everybody else. If that sounds like something that can't work for long, you have 20/20 hearing. Why "the rich" would stand by to be milked like so many cows is not explained, and where investment capital and entrepreneurial risk-takers are supposed to come from is also a deep mystery.
Obama's "economics" is just a pastiche of Marxist baby-talk, wrapped in a naive theory of class warfare. It's exactly how Europe has ended up on the brink of disaster, with mobs rioting in the streets demanding to be placated forever on somebody else's dime. Obama's worldview is exactly what you'd expect from someone whose only experience in the non-academic world was as an Alinsky-inspired community organizer. His only job-training was to learn how to peddle this tripe to the ignorant, and he's still got a head full of it.
It seems inconceivable that any such person would end up in charge of the US economy, but here we are.
Byron
"Having managed to create an income-tax system in which fully half of the “taxpayers” pay no tax at all, the left is now trying to decouple the failing entitlement from its taxpayer base as well"
Well, it's Obama's One-And-Only Idea: Get ALL revenue from "the rich," who are portrayed as terminally greedy and undeserving, and have Government redistribute the booty to everybody else. If that sounds like something that can't work for long, you have 20/20 hearing. Why "the rich" would stand by to be milked like so many cows is not explained, and where investment capital and entrepreneurial risk-takers are supposed to come from is also a deep mystery.
Obama's "economics" is just a pastiche of Marxist baby-talk, wrapped in a naive theory of class warfare. It's exactly how Europe has ended up on the brink of disaster, with mobs rioting in the streets demanding to be placated forever on somebody else's dime. Obama's worldview is exactly what you'd expect from someone whose only experience in the non-academic world was as an Alinsky-inspired community organizer. His only job-training was to learn how to peddle this tripe to the ignorant, and he's still got a head full of it.
It seems inconceivable that any such person would end up in charge of the US economy, but here we are.
Byron
posted by Byron | Tuesday, August 09, 2011
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