David Sirota: McCain Counting on Us Being Stupid
Here's David Sirota's take on the "income redistribution" flap.
"Is John McCain stupid, or does he believe we are? That's the question as he criticizes Barack Obama for allegedly trying to "redistribute the wealth" with a plan to lower taxes on the middle class and raise them on the super-rich.
"Of course, the Democrat's proposal would merely slow down (not fully halt) the less-talked-about redistribution whereby Washington sends middle-class money up the income ladder.
"Is John McCain stupid, or does he believe we are? That's the question as he criticizes Barack Obama for allegedly trying to "redistribute the wealth" with a plan to lower taxes on the middle class and raise them on the super-rich.
"Of course, the Democrat's proposal would merely slow down (not fully halt) the less-talked-about redistribution whereby Washington sends middle-class money up the income ladder.
"In the past eight years, we the little people have been forced to provide more and more of the taxes fueling America's redistribution machine. As the Congressional Budget Office reports, . . ."
Read the rest at the link below
http://www.coloradoan.com/apps/pbcs.dll/article?AID=/20081024/OPINION04/810240323/1014/
Ah, yes, the rarely reported Trickle-Up Theory in the hotly contested "redistribution of wealth" debate.
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Peter,
Glad to see your posts.
Wasn't part of Henry Ford's genius is his realization he needed to pay his people enough they would be able to buy one of his cars?
If you create a situation where you enable people without a lot of money and things to earn additional money, won't those people buy things that other people will be employed making? Doesn't that create a cycle where more people are working and buying so even more people are working and buying (instead of being laid off and hording the little money they have?)
Just a thought.
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