Rationing the Wealth

Has a poor person ever provided you with gainful employment? Has someone earning under $200,000 a year ever created a position in his Subchapter S corporation so that you could feed your family? The small business has always been the engine of hiring for the United States, but on warped and selectively-applied principle, Barack Hussein Obama assails this. What is being waged against the productive classes in this country is a crusade against private sector prosperity and a war on wealth with the notable exceptions of lucre gained by trial lawyers and select members of organized labor, particularly public employees and more particularly Federal workers for whom times are not so bad. But this limited sector of growth for a handful of millions comes at the expense of the rest of us. President Obama's mindset coming into office was no secret though rarely discussed in the dinosaur media. Barack Obama carried with him into the Oval Office a transcendent sense of indignation that capitalism had benefited some more than others and was determined to even the inequities out. The problem with this thinking is that in no way does handicapping the job creators help those who they employ or otherwise would employ if their income was not confiscated by confiscatory taxes. Research and development suffers, expansion and new business construction lag, and business can not afford to hire when you have President Obama in office who is spreading the wealth (which is code for misery surging up). The sad fact is President Obama told us at least twice of these intentions, once in the "Joe the Plumber" sound bite and then in his interview where he declared his determination to raise capital gains taxes even with the knowledge that higher capital gains levies would harm economic development. President Obama had no concern for practical considerations when he set upon this path that is ideological. Call it socialism, Marxism, modified Marxism, Leninism, progressive, or a product of the third way, whatever Obama has embarked upon is fundamentally un-American. The Founding Fathers and the original ethos was not to soak the rich, and President Obama is well aware that in implementing policies that are the product of class envy, he is in no way elevating the poor. Obama has to know that he is only hurting those he claims to wish to help. Obama's jihad on the free market may give brief satisfaction to those seeking schadenfreude against those who have a bit more than they do. This school of thought excites the radical crowd who think that by ruining the neighbor's garden, theirs will somehow grow better. Their notion is wrong as rain during a flood. Making the rich bleed does not offer a pauper a transfusion.