Sunday, October 26, 2008

Whose wealth is it?

When Obama talks about spreading the wealth, the conservatives have such a narrow view that they assume wealth is a zero-sum game. The only way to spread it is to take it from someone that has it. When I hear "spreading the wealth", I think of all those hard-working people who have experienced stagnant wages in the Bush economy while rich folks reaped tax benefits based on money borrowed by the federal government. If the government is going to borrow money I think that money should go to programs that increase the earning power of as many people as possible. It would be a rising tide that lifts all the boats.

1 comment:

Gary Baumgarten said...

We'll be discussing Obama's "spread the wealth" taxation plan on News Talk Online at 5 PM NY time Monday October 27.

Please go to www.garybaumgarten.com and click on the Join The Show button to participate. There is no charge.

Thanks