Our President believes that he is morally obligated to redistribute the wealth (no matter how it’s achieved) of the ‘rich’ Top 1% (those making over $250,000/yr) to those with less wealth.
It makes no difference to him that this will fundamentally weaken our country and open us up to attack from all who wish our destruction. Strength, independence, hard work – these have been the fundamentals girding our society. A society which has reached out to many in need throughout our history.
It really does make the point to ask: why, if our President feels so strongly, doesn’t the President redistribute his wealth among his family members? He certainly is among “the rich.” Yet his family lives in huts (if they are lucky) in Kenya. And he sees no conflict when he lectures the people of America?
Where does this take into account the fluctuations of income as people move in and out of successful positions, businesses and between tax brackets?
- The rancorous language used to describe these taxpayers (Top 1%) makes it clear that as a matter of public policy they will be made to “pay for” the fact of their wealth — no matter how many of them worked honestly and honorably to produce it. No Democratic president in 60 years has been this explicit….The White House says its goal is simple “fairness.” That may be, as they understand fairness. But Figure 9 makes it clear that for the top earners, there will be blood. This presidency is going to be an act of retribution. In the words of the third book from Mr. Obama, “it is our duty to change it.”
by Daniel Henninger, Wall Street Journal
Visit Article: http://online.wsj.com/article/SB123681860305802821.html
Filed under: Economics |