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Do you think Obama wants to redistribute wealth?

Do you think Obama wants to redistribute wealth?


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Navy Pride

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What do you think and why would he want to do that?
 
Only to a more fair point but yes. The current system favors the super rich way too much.
 
Sure he does. That gives the unproductive members of society (like community agitators) access to, and control over, wealth produced by others.
 
Sure - upwards.

That's what Keynesian economics is about: for every tax dollar you give a business (so the theory goes), it produces two dollars in real value in return - the original dollar and the return on its investment.

Obama is, if anything, creating a safety net for business interests like green technology and the information sector.
 
If the answer were yes, it'd make him no different from the likes of economists such as Milton Friedman, who supported a NEGATIVE income tax in conjunction with his flat tax proposal. Chew on that for a minute.
 
It's called progressive taxation, and has been a staple of economic policy for decades. Nothing revolutionary or radical at play, especially when considering the proposed hike would still reside well below rates that were implemented throughout the latter half of the 20th century.
 
government seems to exist for little more than redistributing wealth anymore... so I highly doubt that there is any politician out there that doesn't do it or want to do it.
 
When the Republicans make it a mission to disrupt government and private pension systems with Wall Street driven capitalizations schemes; that, by definition is redistribution of wealth.
 
That's what Keynesian economics is about: for every tax dollar you give a business (so the theory goes), it produces two dollars in real value in return - the original dollar and the return on its investment.

That was the original theory, but it was based on building real infrastructure - dams, canals, highways, and the like. That's all been done, and the latest (optimistic) estimates for recent years show a return of 60 cents for each dollar pulled out of the economy. I suspect when the returns are in for Obama's term, with all the money thrown away on so-called "green energy" fantasies, that the return will actually be negative.
 
That was the original theory, but it was based on building real infrastructure - dams, canals, highways, and the like. That's all been done, and the latest (optimistic) estimates for recent years show a return of 60 cents for each dollar pulled out of the economy. I suspect when the returns are in for Obama's term, with all the money thrown away on so-called "green energy" fantasies, that the return will actually be negative.

I don't particularly care. Corporate welfare is the biggest issue in American politics today. Businesses ought not receive a nickle for any reason at any time. That includes subsidies for the poor wittle oil and coal companies.
 
I don't particularly care. Corporate welfare is the biggest issue in American politics today. Businesses ought not receive a nickle for any reason at any time. That includes subsidies for the poor wittle oil and coal companies.

Or nuclear plants, for that matter. Sure, repeal the regulations against nuclear power that have accumulated since the 1970s. And then let the mighty captains of industry take all the risks in building the plants themselves. Surely they won't mind.

For that matter, I favor overturning the Interstate Highway Act. It really does nothing more than subsidize oil and automobile companies.
 
I don't particularly care. Corporate welfare is the biggest issue in American politics today. Businesses ought not receive a nickle for any reason at any time. That includes subsidies for the poor wittle oil and coal companies.

Disagreed. It is individual entitlements that are breaking the bank. If however you are referring to the crony capitalism that gave us Solyndra and Fisker, and stiffed the legitimate creditors of the auto companies to give them to the UAW, then I will agree with you.
 
Disagreed. It is individual entitlements that are breaking the bank. If however you are referring to the crony capitalism that gave us Solyndra and Fisker, and stiffed the legitimate creditors of the auto companies to give them to the UAW, then I will agree with you.

Corporate entitlements make up a larger portion of the Federal budget by about 35%, and have even less of a legitimate function than individual entitlements than anything.

As for "what I mean", I mean any program that gives any money whatsoever to any business interest for any reason. The upward transfer of wealth from the taxpayer to business is completely illegitimate.

Eliminate corporate welfare immediately or we will all suffer the consequences.
 
Corporate entitlements make up a larger portion of the Federal budget by about 35%, and have even less of a legitimate function than individual entitlements than anything.

As for "what I mean", I mean any program that gives any money whatsoever to any business interest for any reason. The upward transfer of wealth from the taxpayer to business is completely illegitimate.

Eliminate corporate welfare immediately or we will all suffer the consequences.

Omit the words corporate and business from your statement, and I would agree with you. That would mean giving no money whatsoever to any interest for any reason.
That would eliminate any transfer of wealth
 
Well, I guess then there are no real conservatives in politics. ;)

about 40% of all registed voters consider theirselves Conservative my left wing friend and we don't want taxes raised on anyone..........
 
When the Republicans make it a mission to disrupt government and private pension systems with Wall Street driven capitalizations schemes; that, by definition is redistribution of wealth.

redistribution of wealth is taking money from the rich and spending it on failed welfare programs..........
 
nah... just the ones who don't won't redistribute wealth.

don't worry dude, it'll be a short list... exactly none of them will be on it.

What planet are you from my left wing friend?
 
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