Mr. Obama doing what he promised when he was elected. He said he would redistribute wealth and privilege, taking from the Haves and giving to the Have-nots, no matter how these assets had originally been acquired. We've seen this redistribution in some of the financial rescues, even down to which auto dealerships would remain open and which are to be closed under the dictate of the Federal Government. This again proves that when dealing with the Government, the adage that "All are equal, but some are more equal than others (if they have friends in D.C.)".
We still have the redistribution of wealth through taxation to look forward to. As predicted, the increased taxation of the Middle and Upper Classes Tax Payers is clearly signaled (but is yet to be disclosed) by Obama and is certain to favor the Lower Class Tax non-payers. Additionally, the commitment of Trillions under the guise of pork-ladened Recovery spending is going to result in the overall pauperization of the U.S. Middle Class. Of course, the Poor will do well with their increased entitlements (with still little or no taxes to pay) and the Wealthy, seeing the future, have already placed much of their own wealth beyond the taxman's reach through clever tax shelters, off-shore investments and other devices. Who does that leave to do the heavy lifting?
Let's see now. His policies have divided the Red states from the Blue, the Patriots from the "One Worlders" and the Young versus the Old. Take a look next time to see how this last division, Young versus Old is playing out in the world we find ourselves in today.
Thursday, August 27, 2009
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