The rich often get a bum rap. Liberals are incensed when it is suggested that “the rich” get any type of tax reduction even though the top 50% of wage earners pay 96% of all income taxes. Since they spend more money, the rich also pay a disproportionate amount in sales, property, entertainment, and excise taxes. Without the rich, most people would not have jobs.
It’s astonishing and a little horrifying that America’s elites know so little about their country’s history. Case in point: Jared Bernstein of the Economic Policy Institute. Jared is an influential left-ish economic polemicist and a sometime adviser to Barack Obama on economic affairs. I’ve debated with Jared dozens of times over the past several years, but what happened this week was especially disturbing.
With America’s self-conscious move toward unfettered socialism and fascism, some Christians will undoubtedly rev up the prophecy presses and inform the world that the end is near-again! History is a sober teacher of such foolishness.
Barack Obama is a Fabian socialist. I should know; I was raised by one. My Grandfather worked as a union machinist for Ingersoll Rand during the day. In the evenings he tended bar and read books. After his funeral, I went back home and started working my way through his library, starting with T.W. Arnold’s […]
The latest economic proposal coming from Barack Obama is a socialist’s dream. The president-in-waiting wants to steal money from oil companies and, in an act of blessedness and benevolence, give a check of $1,000 to American middle class
Ronald Reagan had the courage to call modern liberalism what it is: warmed over socialism. When was the last time you heard a politician, from either party, call a government program, subsidy or entitlement, “socialism?”
Socialism is a system where the State controls capital and production, plans the economy and redistributes wealth from producers to non producers. It breeds a welfare environment where citizens become dependent upon the State for their daily bread. Individual liberties are replaced with the “common good,” decided by bureaucrats.