Today Obama visited Wall Street and basically cussed them out for being capitalist and Hillary launched her newest vision of Hillarycare. Two fine examples of why we don't need either one of them as President.The problem is that their comments sound feasible and they play to those that can't differentiate between socialism and capitalism. The liberals have done a bang up job portraying capitalism as a system designed to make the rich richer and keep the poor poor. Quaint notion but it couldn't be farther from the truth. Capitalism is a system designed to give everyone the ability to be financially successful... if they are willing to do the work.
And there lies the problem. Work isn't fun. Sitting back and letting the government hand you entitlements is easy. I am not saying the government shouldn't provide help to those who need it, I am saying they should provide help "only" to those who need it.
This notion that the government should provide as services paid for by taxation is simply socialism. Ask the USSR how well that worked. It doesn't, socialism retards economic growth and Robin Hood entitlement programs do the same thing. Increasing taxes upon the business and the rich hurts our economic growth it doesn't help it.
If you remove tax cut incentives and replace it with huge tax increases on the rich what happens? Do you think that when a board of directors is forced to pay more taxation they will absorb that increase themselves? No they will not, they will still live in their million dollar homes and have their corporate jets. The increase will just be passed on. In the form of price increases and less capital investment in their business. Both of which don't hurt the rich, but the middle and lower class.
Supply side economics 101 you do not make poor people rich by making rich people poor. In fact the notion that overtaxing the rich will help the poor is pure foolishness. In fact when you look at the taxation reforms Democrats propose its nothing more than income redistribution, that is socialism.... period.
