Obama Robbin Hood warning

[Guest guest]

What people need to realize is that to give money to "the poor" to "trickle up," they first have to steal it from the people who already have money. Those people are the working people, the entrepreneurs, and business owners. Start taking their money and prices are going to rise and people are going to lose jobs. Much money will also be wasted in the collection and disbursement bureaucracies.

FDR tried this, Ford tried this, tried this. Each time it lead to an economic downturn. In other countries that try this it has the same effect. If you rob from the rich and give to the poor, everyone ends up poor.

This is because if you give the poor an extra $1,000, it is going to go to pay bills, buy food or maybe buy more junk they don't need or they'll even have a wild party with it. Simply put, the money will be gone as soon as they get it.

If you leave the entrepreneurs, small business types and investors with more of their money, you get improved businesses which means more people get work and better income over the long run at not government cost. Indeed government would benefit because tax receipts would INCREASE because there are more taxpayers.

People are just too stupid though and just want that handout.

" A democracy cannot survive as a permanent form of government. It can last only until its citizens discover that they can vote themselves largesse from the public treasury. From that moment on, the majority (who vote) will vote for those candidates promising the greatest benefits from the public purse, with the result that a democracy will always collapse from loose fiscal policies, always followed by a dictatorship.---Lord MacCauley or " Tyler" "

http://www.nypost.com/seven/10152008/news/politics/obama_fires_a_robin_hood_warning_shot_133685.htm

OBAMA FIRES A 'ROBIN HOOD' WARNING SHOT

By CHARLES HURT Bureau Chief

IT'S A LEAK! Barack Obama tells Ohio plumber Joe Wurzelbacher he intends to "spread the wealth around."

Last updated: 1:37 pmOctober 15, 2008 Posted: 3:37 amOctober 15, 2008

WASHINGTON - You won't find it in his campaign ads, but Barack Obama let slip his plans to become a modern-day Robin Hood in the White House, confiscating money from the rich to give to the poor.

Conservatives yesterday ripped Obama after he was caught on video telling an Ohio plumber that he intends to take the profits of small-business owners and "spread the wealth around" to those with lesser incomes.

The fracas over Obama's tax plan broke out Sunday outside Toledo when Joe Wurzelbacher approached the candidate.

Wurzelbacher said he planned to become the owner of a small plumbing business that will take in more than the $250,000 amount at which Obama plans to begin raising tax rates.

"Your new tax plan is going to tax me more, isn't it?" the blue-collar worker asked.

After Obama responded that it would, Wurzelbacher continued: "I've worked hard . . . I work 10 to 12 hours a day and I'm buying this company and I'm going to continue working that way. I'm getting taxed more and more while fulfilling the American Dream."

"It's not that I want to punish your success," Obama told him. "I want to make sure that everybody who is behind you, that they've got a chance for success, too.

Then, Obama explained his trickle-up theory of economics.

"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. I think when you spread the wealth around, it's good for everybody."

Critics said Obama let the cat out of the bag.

"It's clear that his main goal is redistribution of wealth, not growth," said Andy Roth with the anti-tax group Club for Growth. "He's perfectly happy to destroy wealth as long as he can redistribute it."

Obama has been meticulous, Roth said, to conceal the "socialistic" nature of his tax plans. "But every once in a while, he lets it slip," he said.

Republican candidate McCain yesterday charged that Obama's comment was telling.

"This explains how Senator Obama can promise an income-tax cut for millions who aren't even paying income taxes right now," he said in Pennsylvania.

"My plan isn't intended to force small businesses to cut jobs to pay higher taxes so we can 'spread the wealth around.' My plan is intended to create jobs and increase the wealth of all Americans."

Meanwhile, a New York Times/CBS poll last night showed Obama moving into a commanding 53-39 percent lead.

churt@...

New MapQuest Local shows what's happening at your destination. Dining, Movies, Events, News more. Try it out!