*Why Not A Dramatic Tax Increase On 'Rich People?" Ask Obama* by Austin Hill Sunday, October 12, 2008
http://townhall.com/Columnists/AustinHill/2008/10/12/why_not_a_dramatic_tax_increase_on_rich_people__ask_obama?page=full&comments=true [Q] "For most of his nearly 21-month presidential campaign, Senator Obama has made a cottage industry out of hating free market enterprise. He has proposed governmental limits on corporate executive salaries. He has repeatedly expressed indignation over "excessive" corporate profits. He has promised to "reign-in" free trade, and has promised to instill "economic justice" in America (he has never clarified what he means when he says "economic justice," but he has made it clear that America's economy is necessarily unjust). And more than any other economic idea, Obama has throughout his campaign reiterated that it is time to end "Bush's tax cuts for the rich." The term itself is misleading, in as much as earlier this decade President Bush and the U.S. Congress cut taxes across the board, not merely for "rich people." But never mind the facts, Obama has hit political homeruns by putting a bullseye on the backs of America's highest income earners. Yet last week Obama backed-off from eliminating Bush's dastardly "tax cuts for the rich," insisting that, because of Bush's ailing economy, it won't be feasible to raise taxes on the wealthy right away. But why not? His sudden change of heart tells us two things: A) some significant portion of the American electorate is NOT enchanted by his politics of class warfare and envy; and B) just like those of the world's finance ministers, the instincts of many Americans lead them to understand that wealth creation and productivity comes from the private sector, not from government - - not even from an Obama government. American capitalism is alive and well, and it won't be dying-off any time soon. Americans now need to decide whether it is best to elect a President who will nurture the world's preferred economic system, or one whose passion it is to weaken it. " http://townhall.com/Columnists/AustinHill/2008/10/12/why_not_a_dramatic_tax_increase_on_rich_people__ask_obama?page=2 --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
