Originally Posted by shneal

Friedman has it right. "Spread the Wealth" is a class warfare policy that will further erode the stengths of our system - innovation, hard work and risk taking. In addition, the plan to increase business taxes is directly contratictory to Mr. Obam's stated objectives to help the middle class and create jobs. The increase in business taxes, and therefor business costs, will make U.S. businesses less competitive in the world. Many competing countries offer much lower tax rates to businesses. Since business competition is not just in the U.S., but world wide (the world is flat), U.S. businesses will be at disadvantage. The result will be the exact opposite of the stated goal to help the U.S. middle class. It will result in less jobs and lower wages. Not a plan to help the middle class. The desire to spread the wealth will only reduce the wealth for all. It seems clear that the real objective is to take from those that have earned it through years of preparation and effort and give it to those that have not made that effort for whatever reason. I heard a very good quote the other day the describes the Obam economic and tax plan very accurately. Unlike Reagan's trickle down economics, Oboma's plan is "trickle up poverty". Trickle down economics expands the pie for all, while tickle up poverty shrinks the pie.