Reagan redistributed wealth
McCain and his croonies what you to be afraid of Obama because he’s a “socialist.” He wants to redistribute wealth. I hate to break it to them but we’ve been redistributing wealth since the income tax started about 100 years ago.
David Gergan has been an advisor to Nixon, Ford, Reagan and Clinton. On CNN he pointed out that Regan started the Earned Income Tax credit which redistributes wealth.
I love this clip from Obama’s speech in North Carolina today:
Francis W. Porretto:
Yes, we’ve been “redistributing wealth” through coercive government action since the inception of the income tax — and it’s inherently wrong. Some day perhaps we’ll rediscover the principles that would have clued us in to that before we went so badly astray.
31 October 2008, 8:09 pmMatt Caldwell:
Excellent post, I wish more people were aware of this.
1 November 2008, 9:43 pmjay:
but…but…you won’t have to pay more taxes unless you make over $250,000….uh, $200,000……..er $150,000….I mean $95,000
I think that’s the latest figure. What day is it?
3 November 2008, 7:52 pm