“Theoretically, there is nothing that can stop the government from taxing 100% of income,” Mr. Obama wrote, “so long as the people get benefits from the government commensurate with their income which is taxed.” In the view of Barack Hussein Obama Sr., the right of the individual person to freely work, earn, and invest, meant nothing. All that mattered was the “collective good” of the nation. And if confiscating certain people’s hard-earned money could help benefit “everyone,” then so be it. That wealth would be put to better use, Mr. Obama argued, if it were controlled by the leader of the government.
Fortunately for Kenya, President Kenyatta continued to pursue free-market reforms, and Barack Obama Sr. was eventually fired from his job. But unfortunately for the United States, Mr. Obama’s dreadful economic plans have come to life again, thanks to President Barack Hussein Obama Jr. When I pointed-out the dramatic similarities between the father and the son last summer, I was, of course, immediately branded as a “racist” and a “bigot.” One angry reader of my column reminded me that “Barack was only 21 when his Dad died” and asked “ how dare you bring up such a painful subject?”
Having lost my own Dad before I turned thirty, I can attest that it’s a “painful subject.” But losing our country is a far more painful prospect, and that’s a prospect that is weighing in the balance right now.
Within his first six months as President, Barack Obama has successfully seized control of two American car companies, tripled the federal deficit, and expanded public control of private banking and lending institutions. His so-called “Cap and Trade” energy proposal (which was, at its essence, a plan to dramatically raise petroleum consumption taxes), and his plan to reduce tax deductions for charitable contributions (a plan which would have hurt private sector charities) were so far to the “left” that even his own Democratic Party rejected them. And now his plan for “universal healthcare” (another entitlement plan that is unnerving his fellow Democrats), which he claims will “expand coverage” to more Americans, includes hundreds of billions of dollars in tax increases, and proposes “targeted tax increases” on Americans who purchase their own, more “deluxe” health insurance.
President Obama has demonstrated that he is skillful at seizing, controlling, and redistributing other people’s wealth. But mere wealth redistribution is not the way of the industrialized world. It is the Kenyan-styled path to the Third World, and the path to the world’s 82nd largest GDP.
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.