A poll released Nov. 18 by the reputable Zogby firm shows that 57.4 percent of President-elect Obama’s voters got it wrong when asked which party controls Congress — a 50-50 shot by just guessing.
This ignorance on such a simple fact could help explain why so many fell for Obama’s wealth-redistribution ideas, because it’s also likely that these voters don’t know that when you increase taxes on those who have toiled long and have often taken great risks to start successful businesses that hire millions, or raise taxes on anyone making more than $250,000, all income levels are harmed because the economy slows.
What the U.S. economy needs is wealth creation from capitalism, not socialistic wealth redistribution.
Making President Bush’s successful tax cuts permanent, and enacting further across-the-board tax cuts and deregulation would further free America’s wealth-creating genius.
Instead of relying on free market solutions though, it appears that, because of ignorance, which is a great enemy of freedom, the U.S. will be heading down the failed and dangerous New Deal, Great Society wealth-redistribution scheme road.