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October 31, 2008

Take back wealth from CEOs

Spreading the wealth is bad, says John McCain. Concentrating the wealth so fewer and fewer have it seems to be OK. The American Dream used to mean everyone had an opportunity to build some wealth. Now the rules of the game (or lack of rules on Wall Street) have stacked the deck to favor the already wealthy.

Obama wants to spread the opportunity by making sure we all have a fair chance at building some wealth. Obama is not taking it away from people like Joe the Plumber. He is actually trying to help Joe the Plumber.

Punish the CEOs by taking some of their wealth away. Take back some of those billions of dollars that the hedge fund managers and others won in betting that the mortgage industry would tank. Take back the bonuses given to the high rollers who made all those bets.

Vicki Asbury
Weatherby Lake

Comments

Engineer

jefflx1
Everyone pays a lower tax rate under Bush than they did under Clinton. Millions who paid federal income tax under Clinton were excused from paying federal income taxes under Bush. Neither Bush nor McCain do or would take any money from the poor by taxes to give to the rich. Letting someone deep what they earn is not taking money from the poor. Obama will take money from some to give to others. He talks about spreading the income and giving everybody a chance at success. But when you consider the size of the treasury checks he proposes to send put, it is obvious that these will be in no way large enough to make the recipient a success. The checks are will, however, large enough to serve as the purchase price for a vote.

Rogue

Absolutely lets punish achivement, I mean after all, each to his ability and to each his needs, right folks. By golly that has worked so well everywhere it has been tried. I mean just look at those economic giants in N. Korea and Cuba! OMG, can you wait till we catch up to those Super Stars!

jefflz1

The graduated income tax has been the law since Teddy Roosevelt. It is the underpinning of Obama's plan to restore the faired tax burden balance that existed under Clinton. McCain agrees that it is not "socialism". By contrast, McCain's idea is contine the Bush policy to take money from the poor and middle class and spread it to the rich. It is called the Trickle Down Theory of economics and it is a proven failure. Nothing trickles down. The rich just get richer. McCain wants to call Obama a socialist but he has no problem using tax payer dollars to bail out big banks, big insurance companies and to subsidize big oil. If that's not really socialism , what is? McCain's form of socialism is OK because it benefits his people - the wealthiest 1% of the nation. Bush's Trickle Down policy that McCain is wedded to was called VooDoo Economics by Bush's father. He is a broken-down and out of touch hypocrite whose failure as a candidate leaves him nothing but fear and smear to spread around. Calling Obama a socialist who associates with terrorists is exactly the kind of brainless fear and smear tactic we associate with McCain's campaign

Marctnts

"Punish the CEOs by taking some of their wealth away. Take back some of those billions of dollars that the hedge fund managers and others won in betting that the mortgage industry would tank. Take back the bonuses given to the high rollers who made all those bets."

Vicki is a great example of how stupid your thinking gets when you start to believe the "evil rich" crap. She doesn't even pretend she wants to take money because they were responsible for the mortgage meltdown, she simply wants to take money because they are bad "CEO's, hedge fund managers, and high rollers".

Does she also want to penalize everyone else who has made money by running a corporation, shorting a stock, or taken a chance by investing? Take a good look, this is the future of "what's yours is mine" thinking.

 
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