So Mr. Obama has shown that he is in favor of a great many government spendings. He is going to cut taxes for the middle class (when our gov't debt is already spiraling), but that's great, he's pro-middle-class. He's going to bolster education money, medicare, and state infrastructure development, as well as increase unemployment benefits--that's great, though, he's helping the poor and unemployed. In traditional New Deal Liberalism, the rich would pay for all this, and 80% of us would walk away happy, not thinking about whether what we had just pulled was highway robbery--we'd be too busy counting our free money.
But not this time. Mr. Obama does not discriminate--he is not anti-rich, like many of his predecessors, no. Mr. Obama is in favor of not only the current almost-$1Trillion bailout for gigantic finance companies, car companies, mortgage companies, and the like, but he wants more. So these big-businesses, which had far-from-optimal business plans, inefficiency, corrupt practices, and crappy products, are now getting big paychecks--large chunks of which are going to this year's bonsuses for the incompetent CEO's that run the places.
So if Obama's not targeting the rich with these taxes, who's getting targeted? Well, the rich are being targeted--but only some of them. The only people that are going to end up paying for this are those whose businesses are chugging along fine--the successful. It is those who were smart enough, tough enough, dedicated enough to keep from taking a crippling blow from the economy that will be punished. And for those who have suffered and are right on the edge of collapse, too bad--higher taxes, higher minimum wage, higher benefits required. Someone's got to pay for it, right?
But we have reached such a bone-headed age in our history that it is no longer the rich that are forced to pay for the poor, but the successful that are forced to pay for the failures, the clean that are forced to pay for the corrupt, the brilliant that are forced to pay for the incompetent. Success--not wealth--is the new dividing line between those that pay and those that receive. No longer does our society reward those that worked hard, that kept their noses clean, that had good ideas, that were clever--no, we punish them for their success with higher taxes, and we reward the foolish and the incompetent with bailouts, with tax breaks.
So now, we've got the stupidest incentive structure that I can think of. And here's the awesome part: when it all falls apart, we'll blame the Free Market, we'll blame Capitalism, we'll blame Greed, we'll blame Money, we'll blame the owners of those successful companies. We'll hail our politicians for saving us, hail them for punishing the owners of those companies, hail them for telling us that they are fixing things, but the evil capitalists keep breaking things. And we'll listen. And we'll vote for them.
Andre Davis Confirmed to Fourth Circuit
5 hours ago

