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I want to see if I've got this right and I know you guys will tell me if I don't.
Obama's & Hillary's plan to energize the economy is through taxes that take away from the people who make money and don't spend it and give it to the people who don't make money and want to spend it.
Dr Stanley's book "The Millionaire Next door" claims that most American millionaires are plain old folks who just have accumulated assets by investing in the market or their businesses with the funds they managed to save. The old live well within your means plan. Sounds like folks like you and me.
The people who the Democrat's say are the "true" Americans are the ones who are consumer driven and spend more than they make by using credit for consumer goods and mortgages on houses they really can't afford, have children that can't afford to raise, shelter, educate and medicate, and have spending habits that their incomes can't support.
Somewhere maybe in Civics class in 5th grade I heard that taxes were necessary to pay for the governmental goods and services that the people have decided should be provided by governments and not businesses because governments could do it cheaper and more efficiently,
When did the US constitution get amended and change the powers to "tax and spend" to the power to control the economy and redistribute wealth? I think I missed that vote.
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Comments (1)
I wonder the same thing. They always claim that all they need is more money and then this problem and that problem will be solved. Yet, it never seems to happen. Now we need to bailout Fan and Fred. Wonderful.
==----Jonathan
Posted by Jonathan Coyle | July 13, 2008 10:03 PM