Obama's view of the future of America - Socialism which is the next step to Communism!!
Under socialism a ruling class of intellectuals, bureaucrats and social planners decide what people want or what is good for society and then use the coercive power of the State to regulate, tax, and redistribute the wealth of those who work for a living. In other words, socialism is a form of legalized theft.
The morality of socialism can be summed-up in two words: envy and self-sacrifice. Envy is the desire to not only possess another's wealth but also the desire to see another's wealth lowered to the level of one's own. Socialism's teaching on self-sacrifice was nicely summarized by two of its greatest defenders, Hermann Goering and Bennito Mussolini. The highest principle of Nazism (National Socialism), said Goering, is: "Common good comes before private good." Fascism, said
Mussolini, is "a life in which the individual, through the sacrifice of his own private interests??realizes that completely spiritual existence in which his value as a man lies."
Socialism is the social system which institutionalizes envy and self-sacrifice: It is the social system which uses compulsion and the organized violence of the State to expropriate wealth from the producer class for its redistribution to the parasitical class.
Despite the intellectuals' psychotic hatred of capitalism, it is the only moral and just social system.
Capitalism is the only moral system because it requires human beings to deal with one another as traders--that is, as free moral agents trading and selling goods and services on the basis of mutual consent.
Capitalism is the only just system because the sole criterion that determines the value of thing exchanged is the free, voluntary, universal judgement of the consumer. Coercion and fraud are anathema to the free-market system.
It is both moral and just because the degree to which man rises or falls in society is determined by the degree to which he uses his mind. Capitalism is the only social system that rewards merit, ability and achievement, regardless of one's birth or station in life.
Yes, there are winners and losers in capitalism. The winners are those who are honest, industrious, thoughtful, prudent, frugal, responsible, disciplined, and efficient. The losers are those who are shiftless, lazy, imprudent, extravagant, negligent, impractical, and inefficient. [What about the role of luckbeing in the right place at the right time or the wrong place at the wrong time? R. R. Pope}
Capitalism is the only social system that rewards virtue and punishes vice. This applies to both the business executive and the carpenter, the lawyer and the factory worker.
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Saddleback Bloopers
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McCain Overpromises
McCain made his tax plan sound way too generous to middle-income taxpayers, incorrectly describing one of his own proposals and omitting a key feature of another:
McCain: Let's have - keep taxes low. Let's give every family in America a $7,000 tax credit for every child they have. Let's give them a $5,000 refundable tax credit to go out and get the health insurance of their choice. Let's not have the government take over the health care system in America.
Getting his own "tax credit" wrong: McCain was badly wrong in what he said about the child "tax credit." The current child tax credit is $1,000, and McCain is not proposing any increase at all. What McCain actually is proposing is a gradual increase in the $3,500 exemption for each dependent child, starting in 2010 and increasing $500 each year until it reaches $7,000 in 2016. On his Web site McCain describes this as a "doubling" of the exemption, but even that is misleading. According to the nonpartisan Tax Policy Center, the exemption is expected to go up to $4,200 per child in that time period under current law, which calls for annual adjustments for inflation.
The distinction between a tax credit and a tax exemption is both basic and significant. A tax credit is a dollar-for-dollar reduction in the amount of tax owed. An exemption is much less valuable to taxpayers, as it merely reduces the amount of income subject to tax. An exemption is also more valuable to upper-income taxpayers, who fall into higher tax brackets, than to middle- and lower-income taxpayers.
A half-truth about a health tax credit: McCain said he proposed giving every family "a $5,000 refundable tax credit to go out and get the health insurance of their choice." But he failed to mention what he would also take away. Under his plan, workers would be taxed on the value of any health benefits paid for by their employers, which isn't the case under current law.
McCain didn't include that fact in an ad his campaign aired in May touting his health care plan, either. As we said at the time, the credit isn't a $5,000 windfall – it's designed to cover the increased taxes families with employer-sponsored insurance would have to pay. Kenneth E. Thorpe, a former Clinton administration health expert who now is a professor at Emory University, told us that there would be "a lot of winners and losers" under McCain's plan. Those with lower incomes and employer-sponsored insurance might fare better, because they'd be taxed at a lower rate than those in higher tax brackets. While families would get a $5,000 credit under McCain's plan, individuals would get $2,500.
Republished with permission from factcheck.org.
Sources
Kane, Paul. "Obama, McCain Forged Fleeting Alliance; Efforts to Collaborate on Ethics Reform Fell Apart Within a Week." Washington Post, 31 March 2008.
Sweet, Lynn. "McCain, Obama now 'pen pals.'" Chicago Sun-Times blog, The scoop from Washington 8 Feb 2006.
Remarks of Sen. John McCain. Congressional Record, 2 Aug 2007; S10693.
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