Do the math.

Bret McAtee asks a great question:

Presently, the bottom 40% of income earners pay zero income taxes. The top 20% pay 80% of all the federal income taxes. Therefore, it is not possible to give the bottom 40% a tax cut because they pay no money to the government. So this begs the question: How is Barack Obama proposing to give a tax cut to 95% of Americans?

I'm sure that you're as shocked as I am to discover a factual inconsistency in Barry's campaign message.

So, if it isn't a tax cut, what is it? Marxist wealth redistribution, that's what. Take money from the Rich (i.e. the people who created/earned it) and give it to the "less fortunate" so we can make it a little better for everyone.

The problem with this strategy is that wealth redistribution actually leads to less wealth to be distributed. When the government raises taxes, they take money out of the economy. Think of it as the opposite of investing. Businesses have less capital to invest in productivity (jobs, machines, buildings, etc.), so productivity goes down–taking "wealth" with it. The poorest among us are hit the hardest, so more people end up on the welfare roles. Trying to keep up, the government raises taxes. You see where this is going…

This is simple economics, folks. This is why socialism doesn't work. You can vote for the guy who promises free ice cream for everyone, but somewhere along the way you should ask what that free ice cream *really* costs.