By Chris Elliott
March 04, 2009
He also quoted Peter Orszag, the President's budget director: Over the past two or three decades, the top 1 percent of Americans have experienced a dramatic increase from 10 percent to more than 20 percent in the share of national income that's accruing to them. Now was their time to pitch in a bit more. While we haven't yet completed the transition from capitalism to communism espoused by Karl Marx, another man with a dream, we are certainly heading that way: From each according to his ability, to each according to his need.
The stimulus package, which will be funded with the redistributed wealth, contains such ridiculous expenditures as $650 million for more of those coupons for people to buy a $40 converter box for their analog TVs (I wonder if they'll give me a rebate on my 8-track?) and $8.2 billion to bring broadband and wireless to unserved areas. Another line item in the stimulus package - under the heading "neighborhood stabilization activities" - sets aside $4.19 billion for low-income advocacy groups such as ACORN. As you probably remember, ACORN was investigated in several states for voter registration fraud.
Are Americans, under the leadership of President Obama, ready to embrace redistribution of wealth as a national economic policy? Do you trust the dunderheads to spend even more of your money wisely? Or, as Dirty Harry said, Do you feel lucky? Well do ya?
Received March 03, 2009 - Published March 04, 2009
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