Socialist Obama Redistribution of Wealth

iVillage Member
Registered: 10-07-2003
Socialist Obama Redistribution of Wealth
333
Tue, 10-28-2008 - 12:18am

http://www.youtube.com/watch?v=iivL4c_3pck


At least Obama is telling us exactly what his philosophy of government actually.

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iVillage Member
Registered: 01-12-2008
Wed, 10-29-2008 - 4:39pm

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I think we have a philosophical difference on what rights are. I view rights as a human construct, as part of a contract we make with society, not as something we have innately. I think this is where my personal religious beliefs come into play. And in that sense, I see rights as always conditional. If you break your part of the contract with society, then you lose certain rights.

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Well, according to the three basic rights you've just stated, you don't have an "innate" right to property either.

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I'm not making up the relationship between happiness and income. It can be empirically shown. A quote from the APS Observer regarding the correlation between happiness and income: "increasing income makes more difference at varying levels of poverty, perhaps because it relates to the meeting of basic needs. As one ascends the income ladder, it produces diminishing returns for happiness." You can read more and see relevant references at:
http://www.psychologicalscience.org/observer/getArticle.cfm?id=1763
Its interesting stuff, and I'm still considering how it plays into my political views. Who gets to determine how much we need? I guess we, the voters, do. That's why we debate over what the tax rates and tax brackets should be, because those are going to be related to how much we think people really need.

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That's not what I mean at all (although I can see from my wording why you would draw that conclusion). I think my point here is that if higher tax rates really made wealthier people so miserable, then we probably would have seen a max exodus of wealthy people once the progressive tax system was first put into place. I don't think people leave because the effect of paying more in taxes, given their high income, has a negligible effect on their well-being.

Ahh, you're an attorney--no wonder you're making my brain hurt so much! LOL! This is great--you're helping me keep my mommy brain at bay. :-)

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siggy aug 09
iVillage Member
Registered: 01-15-2008
Wed, 10-29-2008 - 5:04pm
Not that many kids now
iVillage Member
Registered: 01-12-2008
Wed, 10-29-2008 - 5:18pm

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Thanks Jess, I really appreciate that. I come from a science background, so I've had it hammered into my head that trying to "be right" is just a dead end. Some of the malice and negativity I see in the world is often associated with people really wanting to "be right" at any cost. I have to focus on the process of "finding the best answers," and that means really listening to and appreciating other perspectives and being open to revising my opinion. For the most part, if I take that approach, then people respond in kind. And when they don't, well that's what the "ignore" button is for. ;-)



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siggy aug 09
iVillage Member
Registered: 09-09-2008
Wed, 10-29-2008 - 5:35pm

IMO not just current jobs will be affected but his tax plan will hurt businesses to the point that it will hinder expansion and thus creation of new jobs. I don't see how having a check for $500 helps someone more than having a job will.

I heard today that there are 4 million small businesses in the top 1% who will obviously have their taxes increased by Obama. 4 million small businesses employ a lot of people.

iVillage Member
Registered: 10-02-2008
Wed, 10-29-2008 - 5:44pm

"4 million small businesses employ a lot of people."


KAREN

iVillage Member
Registered: 05-06-2007
Wed, 10-29-2008 - 5:45pm

<<I heard today that there are 4 million small businesses in the top 1% who will obviously have their taxes increased by Obama. 4 million small businesses employ a lot of people.>>


Chrissy
mom to Aidan 8/21/03
Grayson Blaine 12/30/07

iVillage Member
Registered: 05-14-2008
Wed, 10-29-2008 - 5:53pm

You forgot a major consideration! They will increase their rates or change specialty fields.

In my area we have a boatload of former OBGYNs who are now weight loss doctors. They have waiting lists months long and most of their patients don't have insurance that even covers their therapy or meds. And yet we have a shortage of OBGYNs.....

There is always an effect when you have prohibitively high tax rates. And it always affects those in the middle the most and those at the bottom quite a bit as well except they have the benefit of much entitlements dished out as part of the redistribution in the first place. The wealthy aren't a particularly stupid bunch in general--that's how they got that way.

iVillage Member
Registered: 10-08-2008
Wed, 10-29-2008 - 5:59pm

The problem where I live is

 

iVillage Member
Registered: 10-09-2008
Wed, 10-29-2008 - 6:14pm
We really only want people to have their needs met. Most truly poor people have no money "to blow".
iVillage Member
Registered: 09-08-2006
Wed, 10-29-2008 - 6:16pm

Not sure where your getting the 4 million figure but this has already been debunked:



How Many Would Actually Pay More?


McCain is right about one thing. Many small-business owners would indeed see their taxes go up if Obama is elected and raises the top income-tax rates. According to a survey from the National Federation of Independent Businesses, about eight out of 10 small-business owners responding to the poll report that they are organized legally in a way that would require them to pay taxes on their business income as individuals, rather than as a corporation. But since Obama's plan wouldn't affect those making less than $250,000 for couples, or about $200,000 for singles, we need to estimate how many would fall into those high-income categories.

Obama's plan, according to his economic policy director Jason Furman, would return the top two federal income-tax rates to what they were before Bush lowered them. In addition, Obama would adjust the income-tax brackets to ensure that no married couple making under $250,000 or single filer making under $200,000 would pay the top rates.

The actual number of business owners who would be affected turns out to be well under a million, and the number of employers would be even less. Based on the number of taxpayers who now report any sort of business income on their returns, the

 

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