Saturday, March 27, 2010

We Knew It All Along

What this health care bill was really all about, that is.

Democratic Senator Max Baucus had this to say:

"Too often, much of late, the last couple three years, the mal-distribution of income in American is gone up way too much, the wealthy are getting way, way too wealthy and the middle income class is left behind...Wages have not kept up with increased income of the highest income in America. This legislation will have the effect of addressing that mal-distribution of income in America."

When you pause to think about what he's saying here, and what the ramifications will mean for this country, it's truly frightening. This kind of class warfare rhetoric is exactly the kind of drivel that socialists have been spewing for decades. The Dems. used to be a little better at concealing their true colors and loyalties, but now that they're flying high in the majority, the mask is starting to fall off.

Questions: Who are Max Baucus, Barack Obama, Nancy Pelosi, etc., etc., to determine what is "too wealthy" for a private citizen? What do they think individuals and/or corporations do with their extra income? Contrary to popular Uncle Scrooge myths regarding the wealthy, no one merely sits on their extra cash so as to revel in their status, or stuffs it under a mattress. That's not how wealth is created. Extra wealth is almost always reinvested back into the company in order to hire more workers, buy/replace new or old equipment, produce more goods, reward productive employees with raises, and so on. Extra money is also placed in savings accounts to accrue interest. These banks then lend this money out with interest to others who may want to start a business, etc. Sapping excess capital from "the wealthy" via punitive taxes and confiscation will only serve to harm everyone in the long term.

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