A good luck tax

In a five minute conversation, Obama tells this guy that the government is entitled to a larger cut of the profits from his small business so that they can "spread the wealth" around a little. Sure, he "respects" the guy's hard work over the last fifteen years, but he also mentions that one of the keys to his success is that he's, "frankly, been lucky".

Obama wants to make sure that "everyone who is behind you has a chance at success." You've got to understand, "when you spread the wealth around, it's good for everybody." Well, everybody except for the people who are actually earning (i.e. producing) the wealth. As this astute plumber noted, he's "being taxed more and more for fulfilling the American dream." Why buy another truck? Why hire another plumber? In short, why work harder or invest more into this business just so Barry can take it and give it to someone else who hasn't earned it?

BHO's plan sounds all nice and fuzzy. Let's help the little guys on the bottom. I mean, all they need is "a chance at success." But let's define some terms here. What's the best shot at success the poorest among us have? It's called a job. Do some work. Provide a good or a service. Be compensated for your production. Welcome to America.

Where do jobs come from? Small business owners like our plumber friend from the video. Bobby Eberle explains: "Those at the economic bottom DO NOT create jobs. Those at the economic bottom get hired for jobs. When the economy is robust, more jobs are created, thus more people get hired. There's not a business existing in America today that doesn't want to 'do more business.' In order to grow, more workers must be hired, and more capital purchased." It's these small businesses that Obama thinks should be paying more in taxes. This can only mean less money for paying employees, which translates into lower production, which leads to lower profits, and on and on and on.

I won't even mention the LARGE businesses and, *gasp*, the evil corporations that give lots of people jobs. When you hear politicians talking about BIG BUSINESS building their empires on the backs of the little guy, this is what they are talking about: giving people jobs and paying them for their work. Yes, my employer is building its empire on my back. All I get out of the deal is a paycheck twice a month. Sheesh.

Eberle also does a little quick math in his article showing just how this wealth redistribution strategy affects the economy. The long and short of it is that when the government raises taxes, it takes money out of the economy (duh!), while leaving it in the hands of the guy who actually earned it does nothing but help the economy:

The person could save it, thus giving banks more leverage to do business. The person could invest it, thus helping new or established companies grow. The person could donate some to charity, thus helping organizations at the grassroots level do things more efficiently than the federal government could ever hope to. Or, God forbid, the person could simply go out and buy stuff. Two hundred thousand dollars of stuff is a lot of stuff! Imagine all that cash injected into society. Talk about a stimulus package. More goods being purchased, whether it is cars, clothes, furniture, food, or whatever, means that more jobs will be needed to produce those goods. It's as simple as that.

Instead, Obama would prefer to take money from the people who are doing the work, providing the products and services that propel our economy, in order to give it to people who not producing anything. Like many socialist policies (and make no mistake, that's exactly what Obama is espousing here), this all sounds really *nice* and just and merciful. That, I think, is what has attracted so many Christians to this guy. The problem is that it simply won't work, and will actually make things worse. Let's give small business incentives to hire more people, not fewer. Let's give Americans a reason to work harder, not an excuse to sit at home waiting for money taken from someone who earned it.