Advertisement
Bringing people together in love and faith
My Blog
Blogs > gregduncan > My humble blog > Oct 30, 2008
My humble blog
  
My two favorite things..God's Grace and fun and Humor with my brothers and sisters!
Title View |
Posts on 10/30View All
Obama Explains 'Spread the Wealth' Comment Oct 30, 2008 6:51 am
243 Views
Obama Explains 'Spread the Wealth' Comment
By Mark Impomeni
Oct 22nd 2008 11:00PM
Filed Under:eBarack Obama, Economy, 2008 President, Taxes

At a press conference in Virginia today, Sen. Barack Obama tried to explain what he really meant when he told Joe Wurzelbacher, the now famous "Joe the Plumber," that Obama's tax plan was designed to, "spread the wealth around." Obama now says that he was not implying that he wanted to spread the wealth around when he said he wanted to "spread the wealth around." Obama says that he meant to say "spread the opportunity."

"The simple point I was making was that even assuming he's at a point that he wants to buy a business that he hopes will generate more than $250,000, the point I was making was that ten years ago or five years ago or even a year ago when he was making a lot less than that, he was having a tough time. ... We don't mind people getting enormously wealthy because of their skills and their talents and their drive. But we always want to make sure that the playing field is such where everybody who's got a good idea has a chance to succeed. Everybody's got a chance to get financing. Everybody who works hard is able to raise their family. Everybody has an opportunity if they act responsibly to send their kids to college and retire with dignity and respect. And in that sense, that does involve us spreading around opportunity."
But the explanation is far more confusing than the original statement. When Obama encountered Wurzelbacher, he did mention opportunity for those "behind you" economically. But Wurzelbacher's question was about Obama's plan to raise taxes on families and small businesses that make more than $250,000 per year. It was not a question about opportunity. It was about money. And clearly, Sen. Obama told Wurzelbacher that he was going to take more money from his business, so that others could have more opportunity.

"I just want you to be clear – it's not that I want to punish your success – I just want to make sure that everybody who is behind you – that they've got a chance at success too.

"My attitude is that if the economy's good for folks from the bottom up, it's gonna be good for everybody. If you've got a plumbing business, you're gonna be better off if you've got a whole bunch of customers who can afford to hire you, and right now everybody's so pinched that business is bad for everybody and I think when you spread the wealth around, it's good for everybody."
Left unanswered is how raising taxes on small business makes the economy any better. Tax increases kill jobs. And, increasing taxes causes businesses and individuals to make decisions that expose them to less tax liability, leading to decreasing revenues to the Treasury. Since nobody wins when the government imposes heavy tax burdens, it remains a mystery as to just where all the "opportunity" Sen. Obama wants to spread around is going to come from.
7 Comments
 

To link to this blog (gregduncan) use [blog gregduncan] in your messages.
Guidelines
October 2008
Sun Mon Tue Wed Thu Fri Sat
      1
  		2
  		3
  		4
 
5
1
6
1
7
2
8
2
9
2
10
2
11
 
12
3
13
2
14
1
15
  		16
  		17
2
18
1
19
  		20
1
21
3
22
1
23
  		24
  		25
1
26
3
27
  		28
  		29
  		30
1
31
  		 

Recent Visitors
VisitorAgeSexDate
spbpt 56F12/16
thedrifter 62M12/6
Tapestry_Of_Life43F12/2
ScottieDogLover 51F12/1
dianessw 61F12/1
honest35200037F11/30
deric16946M11/30
kiadan 33F11/29
longing4more49F11/29
1god2 49F11/29
Most Recent Comments by Others
PostPosterPost Date
I want to be the 1st to wish you all aMerry Christmas coz it is time for me to go and leave B.C.101yayaDec 3 12:13 am
O.K. I'd like to be very serious for a moment and share this touching story Penelope sent me!gregduncanDec 2 9:14 am
Secret Devil hand sign or just slander?longing4moreNov 29 10:39 am
What creature scares me more than any other in the world? Lion, Tiger, Bear? Nope,this little mommagregduncanNov 27 10:07 am
IF YOU ONLY READ ONE OF MY POSTS THEN PLEASE LET IT BE THIS ONE.gregduncanNov 27 7:59 am
To the kids who survived the 30's 40's, 50's, 60's and 70'sgregduncanNov 26 6:27 pm
How to Get Into Heaven!gregduncanNov 26 6:26 pm
Agape love in the life of the believer.hmcsbNov 26 1:32 pm
BTW I posted something serious but find that many never care to respond when i do.philopatirNov 26 11:27 am
Whats More Important Knowledge, Love or both In The Church?gregduncanNov 25 7:45 am
When & How Did Thanksgiving Become a National Holiday?gregduncanNov 24 4:23 pm