No reference to whose money it is in the first place, or how wealth is created, or the human toil and sacrifice and anxiety and risk entailed in the creation of the wealth. Obama and Biden simply intend to “take money,” and “put it in the pockets” of people they believe are deserving of it. It IS income redistribution - - end of story.
Much has been said about how Obama’s economic policies are based on false assumptions. Most notably, Senator Obama seems to assume that economics is a “zero sum” enterprise - - if any one individual financially prospers, other individuals necessarily have fewer resources available to them. This was the view held by Senator Obama’s father, Barack Hussein Obama Sr., a bureaucrat in the communist government of Kenya back in the 1960’s, and it is a view that ignores the reality that Western capitalism actually allows the economic “pie” to expand.
But the Obama economic plan is also de-humanizing on multiple levels. It ignores the human drama, and the development of human character, that is required for one to become a productive or more productive member of society. To “take” from those who have - - simply because they do “have” - - and to “give” to those who don’t have, simply because they don’t, makes a mockery of human merit, and is destructive to human beings on both sides of the equation.
Democrats are fond of noting that American history is replete with examples of government “lending a helping hand” to its citizens. This is true. The G.I. Bill Of Rights, and the Department of Veterans Affairs home mortgage guarantees, are two examples of government helping citizens obtain a college education, and homeownership, when they might not have otherwise been able to contemplate either one.
Yet to qualify for either of these programs, Americans had to achieve something first. And both of the programs encouraged more wealth producing behavior after the fact.
Now, Obama and Biden have constructed a campaign that promises to simply take things away from people who have achieved them, and give things to people who have not achieved them. This is “change” that America cannot afford - - neither in terms of monetary, or human capital.
Austin Hill is an Author, Consultant, and Host of "Austin Hill's Big World of Small Business," a syndicated talk show about small business ownership and entrepreneurship. He is Co-Author of the new release "The Virtues Of Capitalism: A Moral Case For Free Markets." , Author of "White House Confidential: The Little Book Of Weird Presidential History," and a frequent guest host for Washington, DC's 105.9 WMAL Talk Radio.
In Honor of His 103rd Birthday, Here Are The 20 Best Quotes From The Late, Great Milton Friedman | John Hawkins