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Sunday, April 20, 2008
Austin Hill :: Townhall.com Columnist
Obama, Clinton And Capitalism: It's Okay For Them, But Nobody Else
by Austin Hill
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Will the Dems' health care Christmas Present to America be an improvement or detriment to our health care system?


Obama has proposed a federal crack down on what he deems “excessive pay” for corporate executives. He has proposed that the federal government begin taxing people’s capital (not just earnings or interest payments, but, yes, capital itself). He has proposed that the capital gains tax rate be raised to 28%, nearly doubling its current rate of 15%. And he has made it a constant theme of his campaign to lament “Bush’s tax cuts for the rich,” conveniently ignoring the fact that the President and the Congress lowered the taxes of ALL Americans earlier this decade.

Mrs. Clinton is fond of maligning “rich” people as well, and openly disdains the very essence of our free-market economic system. She has berated the reality of America being an “ownership society” (despite the recent increase in mortgage foreclosures, home ownership in America is still at an all-time high), saying that in reality we are an “on your own” society. Her remedy for the “problem” is for us to become a “we’re in this together society,” a nation of “shared responsibility” AND “shared prosperity.” She has elsewhere stated that, with respect to social care for the needy, “our free-market has failed” (never mind the philanthropy and charity that Americans provide over and above paying their taxes); “churches have failed;” “we’ve all failed;” and to become a just society, some people need to “have things taken away” from them.

So let’s get something straight. Most Americans cannot fathom publishing a book, and will never have the opportunity to do so. Likewise most Americans - - even most published authors - - can’t fathom earning $1 million a year in royalty income. Yet the possibility of becoming such a successful author exists because of capitalism. Clinton and Obama are apparently okay with this, yet if a corporate executive earns what these two characters believe is “too much money,” well that person ought to be punished.

And who are Obama and Clinton that they can sell so many books? They are both intelligent, they are both lawyers, and they are both graduates of prestigious schools. But so are lots of other Americans. Yet most lawyers don’t have the platform to earn millions with a book.

The profile and name recognition that led both Obama and Clinton to lucrative publishing deals and enormous book sales have been brought about by the roles they occupy in our government. Arguably, their marketability at the bookstore has to some extent been subsidized by the federal government. Yet Clinton and Obama are first in line to question the legitimacy and “morality” of purely private sector enterprise, and can’t wait to punish those who are successful with it.

Capitalism has indeed been “bery bery good” to the Obamas and the Clintons. Their “okay for me but not for you” attitudes are absolutely elitist, and even aristocratic.

Is this really what American leadership is about?

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About The Author
Austin Hill is a Talk Show Host At Boise, Idaho's 580 KIDO Radio, and a frequent Guest Host on the Fox Newstalk Radio Network. He is the Author of "White House Confidential: The Little Book Of Weird Presidential History," And Co-Author of the forthcoming title "The Virtues Of Capitalism: A Moral Case For Free Markets" (Northfield/Moody Press, 2010).
 
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Those poor European “socialists"
Orignally I resisted the temptation to dissect Mr. Hill's piece, but I can't resist linking to a critique that does it better than I could have:

http://www.huffingtonpost.com/dave-johnson/are-clinton-and- obama-com_b_97641.html



Perry White
(You were right once last week. What happened??)

You said, "Rich people benefit from "the commons" to a much greater extent than the middle class or the poor."

In what way? I find that confusing because it's the rich that provide jobs and innovation. We all benefit a great deal from the wealth, intelligence, and drive of the rich.

You said, "what happens to those who lack the aptitude or wherewithal to generate or access all that latent "new money"?"

Unless "those" are unable to care for themselves, who cares? Life isn't fair. Get over it. Personally, I think it is by far more fair to let those who work for it with their brains, capital and sweat, keep it ALL.

You said, "Beyond that, how does providing health care for the masses interfere with your quest ..."

You mean, besides the burdensome and economy suppressing taxes, the inefficiency and waste, and theft from the productive?

You said, "... to become master of the universe?"

That is a cheap and irrational shot. Can't argue with ridiculousness like that.
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