This is the beginning of the end of American freedom.
This post is really aimed at the masses of people who voted for Obama, but I don't mind if everyone else who has a head on their shoulders listens in.
Have you ever wondered why America is the economic powerhouse of the world? Why American consumers are the ones who drive the world's economy? (And by extension, when our economy suffers, the whole world's economy suffers?)
Because we let our people keep the money they make. America has one of the lowest income taxes in the world- and according to the Tax Foundation, 32% of Americans don't even pay an income tax- they likely pay it, of course, but get it all back when they file their tax forms.
Think about it. When people get to keep more of their money, they get to spend more of their money how they want to. And we do. Let's face it, American consumerism drives our economy, and it's the exact reason why our economy is so powerful worldwide. It's why people from all over the world want to come to America to start their own businesses, to live the American dream- because the rest of the world taxes their people and businesses up to 70%. Imagine how hard it would be to live on your $20,000 a year income if you were only able to keep $6,000 of it. (The above income figure is not meant as an insult; at the moment, I'm making less than you.)
Obama has been quoted as wanting to "redistribute the wealth". He wants to take money from the people who have lots of it, and put it into governmental programs for the poor of America. The problem with redistributing wealth, ie, giving money and programs to poor people, is that it locks them into dependency on those programs- and they make no effort to better themselves, because, lets face it, they don't have to. They're getting taken care of and paid to be poor.
African American economist Thomas Sowell stated in 2004, "The black family, which had survived centuries of slavery and discrimination, began rapidly disintegrating in the liberal welfare state that subsidized unwed pregnancy and changed welfare from an emergency rescue to a way of life."
America spends more than one trillion dollars every year on total benefits to the poorest one-fifth of America. To quote Right Truth:
Here's another eye-opener. When rich people have money to spend, they spend it in order to make more money. Translation: They conduct business, which means they open new businesses, create jobs, create wealth, drive the economy, make things better for everyone. And, conversely, when we try to take money away from rich people, they find ways to hold onto it, to hide it. And that also means they're not using it to create more wealth... which means they're not out there conducting business and creating jobs.
"To put a trillion dollars in perspective, it’s more than twice our total spending on national defense.
It’s larger than the total revenue collected by the federal individual income tax.
It’s about ten times as much as we spent on redistributive policies in the 1950s (in inflation-adjusted dollars).
It’s equal to the total before-tax cash income of middle-income households. That’s right, we transfer to the low-income population an amount equal to the entire income of middle-income households, that is, households in the middle fifth (40th to 60th percentile) of the American income distribution.
If a trillion dollars were simply given to those counted as poor by the federal government (37 million in 2005), it would amount to $27,000 per person. That’s $81,000 for a family of three, higher than the median income of all American families, and far greater than the poverty threshold of $15,577."
To put it all together: America leads the world economy because we're not Socialists. We don't tax our people up to 70% like the Socialists in Europe. And don't come crying to me when your income tax shoots up, and you watch it pay for a whole host of new programs for the poor in America, and our economy suffers due to high-end companies leaving America to other places in the world where they're not taxed as much- leaving little but minimum-wage service sector jobs in America.
Dirty spiral.
I hope the Democrats who'll be in control of the Senate, and, possibly, the House, aren't nearly as left-leaning as our President-elect. I hope they'll have the intelligence to know where that Socialistic road will take them.
But, as for me, my hope for a positive change has died.
