Punishing the Wealthy in Obama’s World

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President Obama’s recent deficit speech defied logic, tortured statistics, and targeted political enemies.  It also did Americans a service by revealing the underlying animus the President has for those who achieve monetary success in America.

Whenever Obama pre-emptively and strenuously denies that he thinks something, he almost invariably thinks it.  So, for example, when he told Americans last week that he doesn’t want to tax the rich “because we begrudge those who’ve done well — we rightly celebrate their success,” but because we need to “afford” programs like Medicare, Medicaid, and Social Security, you can bet he means precisely the opposite – he doesn’t care a whit about paying for these programs, he cares about punishing the wealthy.

President Obama’s own rhetoric betrays him on this issue – hence his harping on the “fairness” of tax rates rather than the benefits of higher tax receipts.  Tax receipts pay for programs; tax rates do not.  Tax receipts fund Medicare, Medicaid and Social Security; tax rates do not.  And yet Obama focuses incessantly on tax rates, even to the exclusion of tax receipts.  In 2008, Obama was explicitly asked about raising the capital gains tax rate if it lowered tax receipts.  He did not challenge the premise that higher tax rates could lower tax receipts.  Instead, he said he would raise tax rates even if it lowered tax receipts. Obama’s answer demonstrated his hatred for those who earn using the hackneyed old “fairness” chestnut: “What I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”

Obama is hardly the only liberal who suggests that tax rates are more important than tax receipts as a matter of principle.  On Sunday, failed 1984 Democratic presidential candidate Walter Mondale stated that tax rates are a moral issue.  “Taxes reveal who we are as a people and what we value,” Mondale wrote in The Washington Post.  “The public’s support is greatest for raising taxes on the affluent …”  Once again, Mondale cites “fairness” as a rationale for “eliminat[ing] Bush’s tax cuts for the rich.”  “Where is the decency in cutting taxes for those making tens of millions while middle America struggles?” Mondale asks.  “This is a fight over fairness that Americans can understand.”  Mondale’s mistaken belief that raising taxes will “increase revenue” is an ancillary point to him – it’s the basic virtue of eating the rich that mandates it.

Michael Moore thinks the same way.  In a typical fire-breathing speech from the rotund rabble-rouser, he told a crowd of Wisconsin union members that America is “awash in wealth and cash.  It’s just that it’s not in your hands.  It has been transferred, in the greatest heist in history, from the workers and consumers to the banks and portfolios of the uber-rich.”  To Moore, one of America’s wealthiest people, the rich must be taxed because they are morally blameworthy, not because we need their money to pay for our programs.

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  • davarino

    I love it when B-rock gives that dictator pose. It makes me feel like someone is in charge.

    How do I get GE's deal where I dont have to pay any taxes. I guess you have to pay O his VIG (thats a book makers term for those that dont know). You gotta pay to play

    • StephenD

      It used to be that way Dav. "You gotta pay the Vig, nobody rides for free." But now, if you follow the script you can be exempt. Just look at the "Friends" status across the board. Unions exempt from the health care bill, GE exempt from taxes…. It pays to be on the same page with communists while other people still have money for you to take.

  • Flyright

    GE got to pay no taxes because they are no longer a real American company

  • http://www.facebook.com/al-kidya al Kidya

    I wonder if billionaire Faithulla Gulen will be taxed. He's only worth 25 billion or so and still lives in his mountain fortress in the hills of Pennsylvania.
    He is the most dangerous Islamist on earth according to a Canada Free Press article.

  • OLJingoist

    As slippery as this chicago poser is we are slowly revealing this serpent for what he is.
    Obama I warn you that your end will come and soon.
    We no longer ask you to respect us we just want you gone.

    • old white guy

      i keep hearing and reading that but i don't see anything happening that will change the current circumstances. the current congress are a bunch of spinless aholes and there will be no uprising in the streets, at least not from the avergae american. the u.s. debt is unpayable even with valuless paper money. too bad. the great experiment is going to end without a real fight.

  • Cuban Refugee

    At the lowest tendrils of the roots of communism are envy and rage cloaked in pretty words like social justice, redistribution of wealth and fairness. I am here, as a witness of communism's chaos, to tell you that Castro's 50+ years in power have made Cuba a fourth-world nation after its halcyon days with the highest standard of living in Latin America — communism destroys, it does not build; it brings hate, not love; it instills fear, not confidence; it is the diabolical product of darkness, not Divine light; and it offers despair, not hope. Trust me on this one: we do not have to wait 50 years to reap the same results in this country — we are already seeing the effects of "communism light" in the inner cities of Detroit, Chicago, Newark, Philadelphia, and in the virtual death of over-taxed "blue" states like California. If Obama and his cronies are allowed to implement all the designs on their blueprint for destruction and repression, those who stood mute will be aiding in the suicide of our constitutional republic and the end of freedom.

    • sedoanman

      Infinite is the number of times the human will fall for the Big Lie.

    • http://freedom912.blogspot.com Avagadro602

      God, man, you nailed it! Who is John Galt?
      Avagadro602

  • BS77

    dumb sheeple voters get what they deserve…..if you want to make a difference, get involved in the 2012 election …..I personally like D Trump….because he is NOT a politician. I am fried on politicians, their empty promises, their vague statements…..get involved, get into the Tea Party ….let's get a winner for 2012 and save our beleaguered country.

  • JosephWiess

    If the liberals keep going after the rich, the rich will go somewhere else, like Bahrain, or China, where the economy is better and people don't go after just the rich. Then we will be a third world country.

  • sedoanman

    High taxes are intended to be an incentive for the rich to lobby so that campaign funds flow into incumbents' coffers.

  • samsgran1948

    I have begun to define "liberalism" as the fear that somebody else has more "stuff". At the bottom of all the whining, bellyaching and "gimme, gimme, gimme" is an absolute resentment that they don't have this year's Mercedes, the biggest house in town, the ability to dine out at 4-star restaurants three times a day, a permanent domicile in all the best resorts and all the latest and best electronic toys. If I have one penny more in my checking account than they do, it's not because I work longer and harder, it's because I reached into their checking account and stole that penny. They are sick with jealousy and greed, and just plain lazy.

    • Jim_C

      As if liberals don't work hard, don't own businesses, don't possess wealth. Whatever floats your stereotype, right?

  • Wesley69

    Sharpio is dead on. This debate is not about the revenue raised by taxing the rich. It is all about fairness and the need to transfer that unearned money away from the "evil" rich.

    But Obama's ideas go beyond this. We wants the US standard of living to go down because we have exploited Third World Countries for years. Transferring wealth to them, through high oil prices, money for drilling, aid to the Palestinians, all of this suits Obama's anti-colonial attitude. According to Obama, the US is just another country in the world. It is not a major power.

  • g_jochnowitz

    "And again I say unto you, It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God" (Matthew 19:24).

    • KS Jeffersonian

      Jesus went on to say that all things are possible with God. The problem is not the wealth, it is the tendency of the wealthy to depend on their wealth, not on God.

    • http://newmediaage.shugartmedia.com/NewMediaWorld/ Tar_n_Feathers

      Maybe so, but I'd prefer to be tempted by riches and take my chances.

  • KS Jeffersonian

    Greed is wanting or trying to get that which you have not earned.

    Making yourself so valuable that people are willing to you large amounts of money for your services does not make you greedy.

    Expecting others to take care of your needs and desires, especially through welfare payments that have been forcibly seized from others through taxes, does make you greedy.

    • sedoanman

      There is a lot said by liberal politicians about greed and precious little said about envy. There are two Commandments against envy, but I don't recall any against greed.

      • Jim_C

        Well, I would say "covertousness" is virtually the same thing as greed; you may not agree. In any case, you may want to read this thing called the "New Testament"…plenty there on greed.

  • topperj

    One of the saddest things I saw on TV was when the brilliant Thomas Sowell opined he was glad he was getting on in years so he wouldn't see the end of the America he loves. I share his sentiments. Another four years of this wretched human as President, and it will be a fait accompli.

  • sedoanman

    Remember back during the Clinton administration when they were beating the same "the-rich-should-pay-more-of-their-fair-share-of-taxes" drum? The line was the same, “Those making over $250,000 should pay more.” Well, one of the things they passed was a tax on luxury yachts, and guess what. The rich stopped buying them, and the industry had to lay off a lot of "Joe The Boatmakers." What little taxes that were collected probably didn’t pay for all the Joes’ unemployment. We really taught those evil, greedy rich people a thing or two.

    If øbama thinks the rich should pay more, there’s nothing stopping him from setting an example and paying more, since he’s rich by his own definition. He can write a check payable to the Bureau of the Public Debt, and in the memo section, notate that it's a Gift to reduce the Debt Held by the Public, and mail it to:

    Attn Dept G
    Bureau of the Public Debt
    P. O. Box 2188
    Parkersburg, WV 26106-2188

    • sedoanman

      P.S. He will also get a tax deduction for the gift, unlike the non-deductibity of taxes.

  • coyote3

    Well, I am certainly concerned, but really, the rich have always prevailed. I am not saying that is a bad thing, it is isn't a bad thing. They deserve to prevail. That being said, I think what is going to happen is that the rich are going to "eat" the left. In fact, they are already doing it.

    • Jim_C

      Do you think they're that hungry?

  • Fred Dawes

    Obama want's one thing you working for one dollar a-day, obama is a Marxist and he hates all people who ask question and look like he or she will not get in line for the American camp systrm.

  • Jim_C

    I think it's funny that rich and successful Harvard grad Obama is criticized for "resenting" rich, successful people because…um…"Marx," er "Alinsky," uh…well, hey, what does it matter in the endless, trifling, obsessive soap opera speculation on his "motivation" with which conservatives justify their past and future election losses to Obama. I'll just sit back and enjoy! See you around the funny farm!

  • Jim_C

    Really? So he came out of Harvard Law magnum cum laude and instead of making his fortune in a big firm decided to help poor people because…he knew he'd be president/tyrant in a couple decades?

    Sorry…there's thousands of examples that would prove you wrong but I doubt they'll change your mind.

    • trickyblain

      Yep – before he was born, even his parents knew he would become president/tyrant. That's why they planted the birth announcement. You do know it's all part of an Islamist plan to detroy America, Christianity and puppies, don't you, Jim?

    • BLJ

      Hey Jimbo. Can you please direct me to the place where I can see a transcipt of the Chosen One's grades? This includes Occidental College as well.

      Your belly seems to be full of the same type of kool-aid (only lib flavor) that you accuse anyone who disagrees with you of drinking.

      • Jim_C

        Bahahaha! Now that you have his birth certificate, you want his grades! Good for you! Your concern for this country is oh so touching!

  • Jim_C

    Interesting that it is wealthy liberals who propose and support this….They must "envy" themselves, right?

    "Liberals want you to die"…good grief, how old are you? Grow the hell up.

  • BLJ

    I could care less about his birth certificate you twit. I just wonder why every other Presidential candidate's grades are accessable and Mr O's are not? If he is as smart as
    people like you seem to think he is than let's see them.

    It amazes me that normal people get vetted out while applying for a job and Obama is given a free pass by his good friends in the MSM. The amount of clueless idiots (you can count yourself as one if you want) who voted for this guy without any idea of what he stands for is amazing. P.T. Barnum was right.

    • Amused

      Yea right , now that the B.C. is in your face you're gonna work on your next pack of lie , and you'll nget them shoved up the same place .You're a TRUMP PARROT , and all that bankruptcy expert and B.S, artist does ,is LIES .YOU are the IDIOT .

  • Wesley69

    FPM's argument is a fact-based, a non-emotional argument. Obama wants to raise taxes on the rich, not because it will raise revenue. To him, it is about fairness and redistribution of wealth. He is certainly a Socialist and probably further to the Left

  • Amused

    Hey Shapiro , aint you glad your handlers at FPM buried your rant on the birth certificate ?

    Well today you got'em . Gonna retract your LIES , in a gesture of TRUE JOURNALISM ?

    Will FPM Do the same ? They're just a guilty , they gave you the venue to spout your lies.

    I doubt it .

  • Martel64

    Only the rich that are even an inch to the "right" of The Left.Never the Left Rich – the Tom Hanks', Sean Penns, Robert Downey Jrs, Oliver Stones, Jane Fondas,David Crosbys,Jackson Brownes, Bert Scneiders, Jack Nicholsons,Jay Z's, Diddys,Bill Cosbys, Grace Slicks,Tarantinos,the Weinsteins,De Niros, Spike Lees,Whoopi Goldbergs,Robin Wiliamses,Michael Moores,John Waters', Tony Bennetts, Eddie Vedders, Bonos,Barbara Walters',Barbra Streisands, Bill Gates',Bill & Bernardine,etc,etc,etc – NEVER ,as they are the "Good" Rich.