August 17, 2010
How's That 'Spread the Wealth Around' Going?
By Christopher Chantrill
Conservatives' favorite moment in the 2008 campaign was the altercation between the Anointed One and Joe the Plumber.
Back then, Joe Wurzelbacher was worried that Obama's plan to raise taxes on the wealthy, those making more than $250,000 per year, would hurt folks like him. Wurzelbacher planned to buy a plumbing business, and he was afraid that he'd end up in the $250,000 bracket that Obama wanted to penalize. No, no, Candidate Obama replied, Joe would get all kinds of tax breaks and credits for his business.
It's not that I want to punish your success...I think when you spread the wealth around, it's good for everybody.
How's that "spread the wealth" going, Mr. President, in this summer of recovery? Time for the Fed to print a trillion or two in new money?
Spreading the wealth seems like a good idea, rather like Mom spreading frosting on a cake: tasty and yummy. In reality, of course, governments don't ever spread the wealth. They take money from some people and give it to others. It's more like leaf-raking. You rake the leaves together, and then you hand them over to your political pals for disbursement among their supporters. It's a bit like passing a $26-billion bill to save the jobs and cushy retirements of well-paid teachers and state government workers.
more here : http://www.americanthinker.com/2010/...wealth_ar.html