Candidate Obama during a debate with Hillary Clinton......OBAMA: Well, Charlie, what Ive said is that I would look at raising the capital gains tax for purposes of fairness.
Would Obama, be in favor of lowering taxes on the rich if by doing so it would increase tax revenues to pay for his social programs? According to his comment above, the answer would be No.
This kind of tax policy is no longer about generating revenues to pay for social programs. It is NOW to be designed to punish the rich.
Those increased tax revenues from the lower tax rates can help pay for social programs welfare, education, health care, etc. But that does not matter. What matters is taking more money from the rich, even if its to the detriment of total tax revenues, and the detriment of social programs.
Below is the text of an email making the rounds again. It is an analogy but “true to life”....make that “true to a liberal's life”.......
A young woman was about to finish her first year of college. Like so
many others her age, she considered herself to be a very Liberal
Democrat, and among other liberal ideals, was very much in Favor of
higher taxes to support more government programs, in other Words
redistribution of wealth.
She was deeply ashamed that her father was a rather staunch
Republican, a feeling she openly expressed. Based on the Lectures that
she had participated in, and the occasional chat with a professor, she
felt that her father had for years harbored an evil, selfish desire to
keep what he thought should be his.
One day she was challenging her father on his opposition to higher
taxes on the rich and the need for more government programs. The
self-professed objectivity proclaimed by her professors had to be the
truth and she indicated so to her father. He responded by asking how
she was doing in school.
Taken aback, she answered rather haughtily that she had a 4.0 GPA, and
let him know that it was tough to maintain, insisting that she was
taking a very difficult course load and was constantly studying, which
left her no time to go out and party like other people she knew. She
didn’t even have time for a boyfriend, and didn’t really have many
college friends, because she spent all her time studying.
Her father listened and then asked , ‘How is your friend Audrey
doing?’ She replied, ‘ Audrey is barely getting by. All she takes are
easy classes, she never studies, and she barely has a 2.0 GPA. She Is
so popular on campus; college for her is a blast. She’s always invited
to all the parties and lots of times she doesn’t even show up for
classes because she’s too hung over.’
Her wise father asked his daughter, ‘Why don’t you go to the Dean’s
office and ask him to deduct 1.0 off your GPA and give it to your
friend who only has a 2.0. That way you will both have a 3.0 GPA, and
certainly that would be a fair and equal distribution of GPA.’ The
daughter, visibly shocked by her father’s suggestion, angrily fired
back, ‘That’s a crazy idea, how would that be fair! I’ve worked really
hard for my grades! I’ve invested a lot of time, and a lot of hard
work! Audrey has done next to nothing toward her degree. She played
while I worked my tail off!’
The father slowly smiled, winked and said gently, ‘Welcome to The
Republican party.’
Note: *The Good, the Bad and the Ugly....staring Clint Eastwood