Obama's tax plan and the redistribution of wealth

Agreed

Investors Business Daily calls Obama’s tax proposals straight up “socialism.”

John McCain is reportedly considering a broad, simple capital gains tax cut. An across-the-board cut would be a real middle-class rescue, focused on generating new private sector employment — the proven way of “spreading the wealth around,” a concept which Obama, with his deftly disguised socialism, cannot grasp.

Blogosphere erupts

They aren’t the only ones calling it socialism. The conservative blogosphere regards the Fox video as manna from heaven. This is something they say empirically shows Obama is in favor of redistribution of wealth.

There’s the blunt and simplistic approach from McNorman’s weblog: “Obama is a socialist. I have said it before.”

Michelle Malkin doesn’t have a lot to say about it, but we’re assuming that she isn’t a fan of the Obama tax proposal, which she denigrates.

Over at the American Sentinel this is the view:

Welcome to Barack Obama’s new America, it’s called redistribution of wealth and his tax cuts for 95% of America is nothing more than Government welfare for people that don’t pay taxes at all. Haven’t we already been down this path ? This was done in the 70’s and the Democrats are bent on bringing it back. Only can today’s “progressive” see fit to cater to the ”parasite class” and bury the American worker further. Mission almost accomplished.

RightPundits.com goes right to the author of The Communist Manifesto:

Ahhhh - income redistribution. Take from those that have and give it to those who don’t. Make sure everyone has an equal piece of the pie. In the words of Karl Marx, ‘From each according to his abilities, to each according to his needs.’

One of our readers commenting on another story writes:

Obama has stated today that ‘he wants to spread the wealth around’. At least now he is honest about his redistribution of wealth ideology.

“The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries.” - Winston Churchill

T minus 21

As for the traditional media, there’s not a lot out there. But Obama’s comments — far from JFK’s “a rising tide lifts all boats” statement — have started a buzz in blogland. Whether it catches on and McCain latches on to it, we’ll have to wait. There’s not a lot of time left.

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