10/18/2008

Every man a king

The problem with various people's anger about Obama's "spread the wealth" theory is that our putatively right wing government has spent the last month betraying capitalism. I find myself a lot more sanguine about Obama's leftism when we've got worse already.
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1 comment:

PG said...

Whenever someone refers to Obama as a socialist, I think, "You do know that socialism is defined by government ownership in the economy, not by the level of taxation?" Unfortunately, socialist has become just a word for "further left than I," even though the official top marginal rate under Eisenhower was 91%.

Republicans should be pushing the claim that Obama will raise tax rates even when he knows it won't help revenues (e.g. the capital gains tax rate) simply because he's so ideologically wedded to punishing success. In a recession, voters won't mind the idea of a president who wants to spread the wealth (so long as voters know they're in the 85% to whom the wealth gets spread), but a president who makes economic policy for ideological rather than pragmatic purposes is much scarier.

October 18, 2008 at 3:42 PM

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