What specific pieces of legislation has Obama supported that redistribute wealth?
Progressive taxation?
That's existed for decades and decades. The only thing Obama has done to the tax rates is extend the bush cuts.
OK, how about Obamacare?
No one is being given money...
That's existed for decades and decades. The only thing Obama has done to the tax rates is extend the bush cuts.
I don't agree with Obamacare but it's certainly not wealth distribution. No one is being given money
you didn't ask what he'd added, you asked what he supported. That being said, Obamacare is definitely redistributive.
...um. yes they are? specifically families below a certain multiple of the poverty line are being given subsidies to go into the exchanges and purchase health insurance.
Here. Calculate your winnings - courtesy of the US Government and the people they took it from originally
We all know Obama wants to redistribute money. Do you feel the same way. Tax the rich, tax the corps and give to the poor.
That's a different issue. I don't agree with Obamacare but it's certainly not wealth distribution. No one is being given money, in fact people are being forced to PAY money because of Obamacare. The Supreme Court struck down the part forcing states to expand medicaid, so there's certainly no wealth distribution going on via Obamacare.
Actually "Obamacare" raises premiums for younger people and lowers them for older people.
Even though older people tend to be more wealthy, it's a regressive subsidy.
and young people tend to be poorer. Guess which candidate really wants to tax the poor to give to the upper income?
What specific pieces of legislation has Obama supported that redistribute wealth?
OK, how about Obamacare?
I wholeheartedly think the government should redistribute money from people who are just sitting on it. We should:
- take money from people with lots of it and little marginal propensity to spend
- this means the government has more money/less debt and the economy doesn't suffer much for it because they wouldn't have spent the money anyway
- if you ain't spending it, hiring people or doing anything else that helps out the country as a whole, we have no ****ing reason to incentivize you to be doing that economically less productive stuff with generous (~15%) tax rates. (and giving non-job creators ~30% tax rates would hardly onerous)
- invest in workfare programs that get the un/under-employed working in projects that improve the national infrastructure
- this increases the lower/middle classes' income thus improving demand and strengthening the economy in the short term
- it also improves the infrastructure, making it easier for businesses to flourish and create more jobs in the middle term and long terms
- invest in education (jobs training programs and free college degrees in needed fields for anyone that can maintain good grades)
- this bolsters our nation's deteriorating global competitiveness and makes us much better off in the long term
That's not wealth redistribution, though. That's increasing tax rates to fund new government programs, not taking money from some and handing it to others.
That's not wealth redistribution, though. That's increasing tax rates to fund new government programs, not taking money from some and handing it to others.
We all know Obama wants to redistribute money. Do you feel the same way. Tax the rich, tax the corps and give to the poor.