That’s Right Nate

Thoughts from a right thinker.

Obama’s Radical Plan for Redistributing the Wealth

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Nothing is more important in this election this week than Obama’s radical plan to redistribute the nation’s wealth.  His radical socialist plan involve eliminating the Bush tax cuts on couples making more than $250,000 and cutting taxes on people making less than $250,000.   For those making less than $250,000 Obama would make the tax cut permanent.  Fortunately, Americans have no desire to return to the socialist era of the 1990s and I have no doubt they will not allow a Bolshevik like Obama to be in charge.

When Bush passed the tax cuts he did so despite objections from many people like Senator McCain.  They said giving half a trillion dollars in tax cuts to the richest one percent of the population was irresponsible even though the top one percent pays 60% of this country’s taxes despite owning only 95% of the country’s wealth.  What Bush knew was that cutting taxes on the top 1% would help build our robust economy.

Unlike Bush’s tax cuts which strengthened our economy from the doldrums of the Clinton administration, Obama’s tax plan is merely a giveaway to people making less than $250,000 who won’t create jobs with it.  Instead these people will spend their money on things like food and rent that benefit nobody but themselves.  Rescinding Bush’s tax credits is socialism pure and simple.  This is not change we can believe in.

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Written by thatsrightnate

October 29, 2008 at 6:00 pm

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