Friday, July 11, 2008

Our Patriotic Neighbors

Only a fool would deny that Barack Obama and his political allies are fully in favor of using tax policy to redistribute the wealth of this country. His own comments, past and present, prove this. In an interview with Bill O'Reilly, Obama called it, "neighborliness." His running mate recently called paying higher taxes, "patriotic."

This shows their intellectual and philosophical bankruptcy. When I voluntarily send a monthly donation to the local rescue mission it might rightfully be called "neighborly" or even "patriotic." But when the US government, with its confiscatory powers, extracts taxes from the citizens, their payments can never be called "neighborly" or "patriotic."

And yes, their underlying philosophy is Marxist, no matter how hard Biden tries to laugh off the point. "From each according to his means, to each according to his needs." The "rich" have the means and the poor have the "needs."

If it worked, I wouldn't care, but it doesn't work. This approach creates an incentive to stay in poverty and a disincentive to accumulate wealth. Now there's a plan for economic success! Here's an idea: set the so-called progressive tax scheme on its head. Tax low income brackets at a high rate then decrease the rate as incomes increase. I think we might end poverty overnight if we had a tax policy that discouraged it. It's not as absurd as it sounds. The government tries to discourage activities such as smoking by placing high taxes on cigarettes. Why not tax poverty out of existence?

Our liberal intelligentsia is always looking to Europe for what the US should do next. Do they want to exchange our low unemployment rate for Europe's chronically high unemployment? All throughout progressive Europe, socialized health care is about to collapse. As terrible as capitalism is, it is by far the best economic system.