Obama, in his address before a joint session of Congress Tuesday night, said this:
A [federal budget] surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future.
Who’s wealth did the government transfer to the wealthy?
Brit Hume, in a FoxNews Commentary (Whose Money Is It Anyway), correctly identified that “Embedded in that [statement by Obama and a statement by Democrat Barney Frank] is the notion that the money people earn actually belongs to the government …”
That notion, in turn, is embedded in the “thinking” (or lying) of Obama, and appeared in at least two more statements from that same address:
we will restore a sense of fairness and balance to our tax code by finally ending the tax breaks for corporations that ship our jobs overseas.
In order to save our children from a future of debt, we will also end the tax breaks for the wealthiest 2% of Americans.
Taxation is robbery. Obama wants to end robbery breaks. He wants to stop giving the wealthy a partial break from the robbery of trillions of dollars a year. But of course the “tax breaks” were not even real breaks from persecution, because the less the government robbed (in taxes), the more it stole (in deficit-spending/inflation). The real issue is spending.
Given Obama’s premise regarding who owns wealth, it’s no surprise that the federal budget he announced today grossly increases spending and robbery of the rich.
Why aren’t the “best minds,” whom Obama chose to advise him, explaining to him that the wealthy (aside from government operatives) created their wealth, and did not have it transferred to them? It’s because his advisors are the “best minds” according to Obama.
One of these “best minds” is Robert Reich, Secretary of Labor under President Clinton, Professor of Public Policy at UC Berkeley, former faculty member at Harvard, and a member of Obama’s Transition Economic Advisory Board. Here is the revealing last sentence from Prof. Reich’s blog entry of today, in which he argued in favor of Obama’s budget:
The rich, after all, already have most of what they want.
This statement is consistent, of course, with the Marxist notion that capitalism has already produced what we need, and so we don’t need capitalism anymore; all we need do now is distribute what the capitalists have produced.
Imagine if Americans had agreed with Marx—and Reich—when Marx presented this notion back in the mid 1800s. Look around you and see all the products we enjoy now that no one—no matter how rich—even imagined back then, before electricity, before modern steelmaking, before the oil industry, before anything that we would today consider “health care.” If the rich had not wanted more, if they had not invested in creating more, progress would have ended, as it will end under Obama’s policies.
If Reich and his advisee Obama think that “[t]he rich, after all, already have most of what they want,” perhaps the rich should play along and stop working. “Best minds” Reich and Obama, after all, already know most of what they want to know; they are not going to read Atlas Shrugged.