Obama’s Socialist Father
IDBeditorials.com has dug up some juicy stuff from Barack Obama Sr.’s days as Kenyan Finance Minister. In one scholarly paper that he criticized the government’s turn away from socialism to free market capitalism. I’ll give you some of the highlights – suffice to say the father and son share similar hostility to free markets.
“What is more important is to find means by which we can redistribute our economic gains to the benefit of all,” said the senior Obama, a Harvard-educated economist. “This is the government’s obligation.” The “means” he had in mind were confiscatory taxes on a scale that redefines the term “progressive taxation.”
“Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100% of income so long as the people get benefits from the government commensurate with their income which is taxed.”
Therefore, he added, “I do not see why the government cannot tax those who have more and syphon some of these revenues into savings which can be utilized in investment for future development.”
As Obama’s father saw it, taxes couldn’t be high enough, so long as the collective benefited. “Certainly there is no limit to taxation if the benefits derived from public services by society measure up to the cost in taxation which they have to pay,” he said. “It is a fallacy to say that there is this limit, and it is a fallacy to rely mainly on individual free enterprise to get the savings.”
The article goes on to compare Obama Sr.’s policies to those of Obama Jr., whom if Congress were to let him have his way, corporate tax would be raised up to an absurd 52%. That is not even mentioning what he is going to do when he nullifies the Bush tax cuts, reinstates the death tax, and raises the capital gains tax even further. Wealth redistribution my ass. This is socialism!
You got that right when you say its socialism! Obama is so much like the worst president we ever had..yes Jimmy Carter who was socialism and would have gave our country away if we had not got him out of the White House. If Obama gets in the White House, we will be sending large sums of money across the pond to Kenya and other muslim countries!