Wealth redistribution is almost a certainty when Obama becomes president. Today his campaign said this lovely quote: “Obama simply asks that big oil companies contribute a reasonable share of the windfall profits they receive from high oil prices over the next five years to pay for emergency assistance for families right now,” the campaign says. http://www.politico.com/news/stories/0808/12237.html Simply asks that they pay their reasonable share? What reasonable share do they owe anyone? What is profits they receive? Don't they EARN their profits...I don't think anyone is allocating money to them. In America, this is a country where you can have nothing and make a boatload. You make a product, you sell it, you make money. If people want it, they buy it...if they don't want it, they won't buy it and you go broke. Where in the constitution does it say that you also have to give a portion of your profits to families? Where does it say you don't earn your money?
Obama and CNN love attacking the Oil Companies and portraying them as Evil. First, the oil companies do not force anyone to buy their products. It's our own fault, and our government's fault, that we have become so addicted to foreign oil. If you don't like what the oil companies are doing...move closer to your job, bike places, walk places, buy a more fuel efficient car. Second, while the oil companies profits are a lot...so are their expenses, which is why their profit margins are not obscene. If you want to tax a company for obscene profits...you need to go after Microsoft. But, you don't see Democrats going after them.
Obama's idea of windfall taxes on oil companies are horrible for two main reasons: 1. it's wealth redistribution, which is not what America stands for and is a step towards socialism or communism and 2. they aren't making windfall profits. Unfortunately most Americans are too lazy and don't understand the difference between a profit and profit margin and they don't want to take the time to go back to school to make more money. Instead they want to steal it from the "rich". How would middle class Americans like it if the rich came to their home, said you have been allocated to much money or "received" too much money, and we are going to take more for us rich folk? It would suck, huh? Well, eventually this idea will be stealing from the upper middle class, and then the middle class and then the poor when companies start laying off more people because of their high taxes. Then companies will just move. So...those rich folk will take the money they allocate, or pay in wages, and give it to people who do not live in a country with a government that loves to TAX TAX TAX. Then what? Who are we going to tax? Cows?
I understand that wealthier people should want to provide more, since they have more to give. But, everyone must be taxed at a point to where there are no diminishing returns. If you start raising taxes, jobs will leave and companies will leave. I do not know if Obama is saying this just to get elected or truly believes that people do not own their own money, but the government does. And, if the government doesn't like how you spend it, it will take it from you. WHY DOESN'T THIS SCARE THE CRAP OUT OF PEOPLE?
I was a huge Obama fan earlier in the year, until the real Obama showed up and has shown us his extremely liberal side. I want politicians who are moderates, that do not make policy based on the extremes of either party. Socialism will not work in America and it is not the American way. The more Obama talks, the more Americans are brain washed and the more I regret supporting him in the Democratic primary.
