History has shown that wealth redistr...

History has shown that wealth redistribution does not work

There are 25 comments on the Asheville Citizen-Times story from Oct 31, 2008, titled History has shown that wealth redistribution does not work. In it, Asheville Citizen-Times reports that:

Comments on Topix forums : Income redistribution means exactly that. Senator Obama's tax credits will to go Americans who do not pay taxes and the money will come from Americans who do.

Join the discussion below, or Read more at Asheville Citizen-Times.

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Since: Feb 07

Asheville, NC

#1 Nov 1, 2008
Why The Mortgage Crisis Happened
M. JAY WELLS | Investor's Business Daily | October 29, 2008
http://www.ibdeditorials.com/IBDArticles.aspx...

"It is not free-market capitalism at the root of the current mortgage industry crisis, but rather the very socialism Obama hawks. The historical record makes this fact unmistakably clear..."

“VIRTUE IS HARMONY”

Since: Oct 08

Samos, Greece

#3 Nov 1, 2008
A simple pictorial rating of the various statements made regarding Obama's tax plan even the LTE could understand.

Statements on Taxes

http://www.politifact.com/truth-o-meter/subje...
Retired Professor

United States

#4 Nov 1, 2008
I refer the letter writer to the Bible's Book of Acts, where "wealth redistribution" seemed to work for first century Christians. Perhaps the many on the Republican religious right have passed by some of Christ's teachings on helping the least of these,

I expect the writer has more discretionary income than "those who don't pay taxes."

Were earning a livable wage I think they would be happier to pay taxes than my rich neighbors.

“BEAT A PAIR OF JACK'S & A FOX ”

Since: Feb 07

ASHEVILLE

#5 Nov 1, 2008
All they are gonna spread around is more BS. PERIOD. They will say any damn thing for a vote. By the way, you wanna buy the Statue of Liberty? I"ll make you a real deal on it. But you gotta act before Nov. 4th.

“VIRTUE IS HARMONY”

Since: Oct 08

Samos, Greece

#6 Nov 1, 2008
CJOHNNY wrote:
All they are gonna spread around is more BS. PERIOD. They will say any damn thing for a vote. By the way, you wanna buy the Statue of Liberty? I"ll make you a real deal on it. But you gotta act before Nov. 4th.
What you are saying should include the Republicans who have, demonstrably, lied louder and more frequently than the Obama campaign. I hate to spring this on ya pal, but the Repugs are masters of dirty politics, something Obama has tried to stay away from.

The TRUTH About McCain's Campaign LIES - CHECK IT OUT (The Truth about the Repub Campaign)
http://burlington.craigslist.org/pol/84848859...
Cornbread1

United States

#7 Nov 1, 2008
The republicans and the democrats as well as the "repugs" and the "demokraks" as the kids like to say, are far from perfecon't have much of a leg to stand on when it comes to honesty and fairness.
Cornbread1

United States

#8 Nov 1, 2008
perfection.

public school.
What Polls Arent Saying

Casar, NC

#9 Nov 1, 2008



In past elections, when pollsters make calls to determine which candidate has a lead,
an AVERAGE of 20 to 30 percent "refuse to answer" the pollsters question.
The pollsters never include the people who "refuse to answer" in their polls
and count ONLY the people who answered the question

HOWEVER, in this election, A RECORD NUMBER OF PEOPLE ( 60 to 80 percent )
are refusing to answer pollsters question about McCain or Obama.

60 to 80 percent !!!

If 60 to 80 percent of people are refusing to answer the polls,
then the polls are ABSOLUTELY meaningless.
AND
if those 60 to 80 percent who are "refusing to answer" are McCain supporters
because they don't want to be labeled "politically incorrect" by the stalinist left media,
then Obama's so-called "lead" is NOTHING MORE THAN A MIRAGE


3-2-1 Dionysis

Casar, NC

#10 Nov 1, 2008
3-2-1 Dionysis wrote:
<quoted text>Blah, blah, blah.
Typical left-wing mindless cut & paste talking points with absolutely no original thought
Typical liberal sheep


Im Dionysis, and im smarter than everyone else ,, because i say so
dont confuse me with the truth or facts because i cant think for myself
i cut and paste all my talking points and you have to believe them cause i say so

so there
nana nana booboo

Since: Feb 08

Greer, SC

#11 Nov 1, 2008
Pythagoras wrote:
<quoted text>
What you are saying should include the Republicans who have, demonstrably, lied louder and more frequently than the Obama campaign. I hate to spring this on ya pal, but the Repugs are masters of dirty politics, something Obama has tried to stay away from.
The TRUTH About McCain's Campaign LIES - CHECK IT OUT (The Truth about the Repub Campaign)
http://burlington.craigslist.org/pol/84848859...
Come on, Obama has been more dishonest than anyone that I have ever heard. So much has been hidden and I am sure that people will learn more and more about Obama as more seems to keep surfacing.
bushwacker canton

Canton, NC

#12 Nov 1, 2008
The repig lie.Tax cuts create jobs.W and Reagan cut taxes.Clinton raised taxes.More jobs created under Clinton than w and reagan together.
Repigs have no problems redistributing wealth to the top 5%,then leaving the bill for the middle class to pay.
Letter writer is like Joe the plumber, a liar.
Obama doe not propose giving anyone a tax cuts that does not work and if you work then you pay taxes.
How anyone that is middle class or poor would want a w third term is beyond me.
BuncCyBapt

Greenville, SC

#13 Nov 1, 2008
bushwacker canton wrote:
The repig lie.Tax cuts create jobs.W and Reagan cut taxes.Clinton raised taxes.More jobs created under Clinton than w and reagan together.
Repigs have no problems redistributing wealth to the top 5%,then leaving the bill for the middle class to pay.
Letter writer is like Joe the plumber, a liar.
Obama doe not propose giving anyone a tax cuts that does not work and if you work then you pay taxes.
How anyone that is middle class or poor would want a w third term is beyond me.
Excellent, Bushwacker. I remember an Alan Greenspan interview recently in which the economist praised President Clinton's economic policies as superb.
OklahomaNative

Casar, NC

#14 Nov 1, 2008
Dear BCanton,

Why do you choose to call names and lump all Republicans together? Doesn't do much to further your cause.

Obviously you have never owned your own business. Small business owners pay enormous taxes. For them to possibly have their overwhelming taxes raised again would mean massive layoffs nationwide. Businesses of any size can only bear so much of a tax burden with all the other myriad expenses to operate a business and pay employees.

And again, you totally miss the point with Joe the Plumber, apparently because you've never experienced owning your own successful business, thus not having any idea what that is like. It involves tremendous financial risk, usually very large debt to get started (and keep operating many times), never having a day off, and work days that do not end. Joe the Plumber asked a very good question, and got an answer (that thankfully was taped) from Obama that shocked a lot of people. Now there are several tapes of past interviews that are surfacing proving that Obama has been a long time proponent of the "redistribution of wealth".

Joe the Plumber in many ways represent all of us who are hard working small business owners. I don't believe there has been any proof the man is a liar as you accuse, but the poor man is being villified and the Big Brother mentality is digging deep on him to try to find some dirt. And his crime? Daring to ask a very valid question that would impact a huge number of citizens of this country. If the small business owners are negatively impacted, it is a fact that many will lose their jobs. Many, many small businesses operate with a very small margin between staying in business and going out of business. I cannot overstate the impact more tax burden would have on the hard working self employed.
Frank Rizzo

Benson, NC

#15 Nov 1, 2008
bushwacker,

"Obama doe not propose giving anyone a tax cuts that does not work and if you work then you pay taxes."

False. The bottom 40% of wage earners pay ZERO income taxes. They pay FICA, but that is returned to them through the EITC and other refundable tax credits, leaving them with a negative tax liability. And Obama wants to give them more money, taken from those who actually earned it.
bushwacker canton

Canton, NC

#16 Nov 1, 2008
Frank Rizzo wrote:
bushwacker,
"Obama doe not propose giving anyone a tax cuts that does not work and if you work then you pay taxes."
False. The bottom 40% of wage earners pay ZERO income taxes. They pay FICA, but that is returned to them through the EITC and other refundable tax credits, leaving them with a negative tax liability. And Obama wants to give them more money, taken from those who actually earned it.
So Frank you proved me right.If you work you pay taxes .You also pay state taxes,gas taxes.
bushwacker canton

Canton, NC

#17 Nov 1, 2008
OklahomaNative wrote:
Dear BCanton,
Why do you choose to call names and lump all Republicans together? Doesn't do much to further your cause.
Obviously you have never owned your own business. Small business owners pay enormous taxes. For them to possibly have their overwhelming taxes raised again would mean massive layoffs nationwide. Businesses of any size can only bear so much of a tax burden with all the other myriad expenses to operate a business and pay employees.
And again, you totally miss the point with Joe the Plumber, apparently because you've never experienced owning your own successful business, thus not having any idea what that is like. It involves tremendous financial risk, usually very large debt to get started (and keep operating many times), never having a day off, and work days that do not end. Joe the Plumber asked a very good question, and got an answer (that thankfully was taped) from Obama that shocked a lot of people. Now there are several tapes of past interviews that are surfacing proving that Obama has been a long time proponent of the "redistribution of wealth".
Joe the Plumber in many ways represent all of us who are hard working small business owners. I don't believe there has been any proof the man is a liar as you accuse, but the poor man is being villified and the Big Brother mentality is digging deep on him to try to find some dirt. And his crime? Daring to ask a very valid question that would impact a huge number of citizens of this country. If the small business owners are negatively impacted, it is a fact that many will lose their jobs. Many, many small businesses operate with a very small margin between staying in business and going out of business. I cannot overstate the impact more tax burden would have on the hard working self employed.
Evidently you have been under a rock the last year.Over 750 thousand have already lost their jobs this year.W and the repigs were the first administration to have negative job creation first four year.And less job creation than any president since the Great Depression,also created by a republican administration.
Now on small business.95% of small business makes less that 250,000.Obama will give small business a 3 thousand dollar tax cut for each job they add.
Joe the plunber who McSame says is his hero.Is not a plumber ,does not have 250,000 dollars and probably couldn't buy a new car.But he is a typical repig.
I don't have any cause and could care less what repigs think of me.I am proud of the fact that i have never voted for a repig.
BushWhacker Canton

Casar, NC

#18 Nov 1, 2008
bushwacker canton wrote:
<quoted text>
I don't have any cause and could care less what repigs think of me.
I am proud of the fact that i have never voted for a repig.

Ima Dimmycrat cause my pappy was a Dimmycrat and my granpappy was a dimmycrat,
an thats good nuff fer me cause I cain't think fer myself

Now theres this lady, a Dimmycrat, by the name of "Lucy Furr"
Dont no much about her, but "Lucy Furr' is a Dimmycrat
an thats good nuff fer me cause I cain't think fer myself
cause ima Dimmycrat, an my pappy was a Dimmycrat, and my granpappy was a dimmycrat,
an thats all i need to no. Repigs are idiots




Are you CRAZY

United States

#19 Nov 1, 2008
bushwacker canton wrote:
<quoted text>
Evidently you have been under a rock the last year.Over 750 thousand have already lost their jobs this year.W and the repigs were the first administration to have negative job creation first four year.And less job creation than any president since the Great Depression,also created by a republican administration.
Now on small business.95% of small business makes less that 250,000.Obama will give small business a 3 thousand dollar tax cut for each job they add.
Joe the plunber who McSame says is his hero.Is not a plumber ,does not have 250,000 dollars and probably couldn't buy a new car.But he is a typical repig.
I don't have any cause and could care less what repigs think of me.I am proud of the fact that i have never voted for a repig.
You really are NUTS if you think 95% of small businesses make less than $250,000 per year. Any SOURCE to back up your claim? I'll check back later since I'm SURE you can't find one.
Are you CRAZY

United States

#20 Nov 1, 2008
BuncCyBapt wrote:
<quoted text>
Excellent, Bushwacker. I remember an Alan Greenspan interview recently in which the economist praised President Clinton's economic policies as superb.
Given that Greenspan's 'easy money policy' is one of the causes of our current crisis, I'm not sure praise from him is a plus.

“California Real ID”

Since: Oct 08

San Jose, CA

#21 Nov 1, 2008
USA 1913 was a bad year

Income tax created, Constitution amended to allowwealth redistribution - 16th Amendment
(wealth redistribution continues today!)

Legislation for the Federal Reserve passed
(Fed still printing money out of thin air today)

Constitution was amended to allow popular vote for US Senate - 17th Amendment
(used to be the House of Reps voted on US Senators)

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