We are a commune of inquiring, skeptical, politically centrist, capitalist, anglophile, traditionalist New England Yankee humans, humanoids, and animals with many interests beyond and above politics. Each of us has had a high-school education (or GED), but all had ADD so didn't pay attention very well, especially the dogs. Each one of us does "try my best to be just like I am," and none of us enjoys working for others, including for Maggie, from whom we receive neither a nickel nor a dime. Freedom from nags, cranks, government, do-gooders, control-freaks and idiots is all that we ask for.
Barack Obama’s bluntly answered Joe the Plumber that we should have more redistribution from the well-off to “spread the wealth around.”
Yet, according to the Paris-based Organization for Economic Cooperation and Development (OECD), the United States has the most progressive income tax and employee Social Security taxes in the developed world.Progressive means that the top 10% give more.
Internal Revenue Service (IRS) figures show that the top 10% of adjusted gross income tax filers pay over 70% of income taxes.That’s after allowable deductions, which supposedly favor the better-off.The top 50% pays over 97% of income taxes.Over 30% of tax-filers pay no income tax, a percentage nearing 50% of those potentially subject to income tax if non-filers are included.
Top-earners receive less than 2% return, and many a negative return, on their Social Security tax while low earners receive over 8%, and the lowest almost an infinite return for having paid very little or no Social Security tax.Retirees with earnings from savings, or pensions, can be charged double for participation in Medicare hospital and Rx coverage.We’re approaching each Social Security recipient being supported by only 2 or 3 workers, a major wealth transfer from the younger to the older and the well-to-do to the less fortunate or careful in gaining education, working hard or saving.
Most current workers eligible for defined benefit pensions, guaranteed payouts, are employed by governments.Regardless of economic conditions, the stock market, or other expenses, these payouts are locked-in.The audited deficit in ability to meet these payouts are several trillion dollars.Essential public services to Americans are being cut by state and local governments, and public colleges are raising tuition, while increasing portions of public budgets are funneled into government-worker pensions.
The Bible enjoins us to contribute at least 10% of our earnings to the poor, but scriptural commentary says we should be careful of going past 20% as we must not sacrifice our family’s needs.The best charity is that which provides skills to earn for oneself.
John McCain’s tax returns show him consistently donating over 20% to charity.Barack Obama’s shows him giving about 2%.McCain’s wealthy wife pays for a La Jolla condo for her aunt, contributes heavily to poor children around the world, and they’ve adopted one.Obama’s aunt in Chicago collects welfare and lives in public housing, though here illegally, and his brother in Kenya lives in a tiny shack.
Imagine if all these redistributions, “spreading the wealth around”, didn’t occur.How much more would you have?How much are you and your family now being denied or sacrificing for? How many more jobs would be created if business and entrepreneurs were taxed less?
One might raise one’s finger and tell Obama to “Redistribute this!”
I must have a different Bible, Bird Dog. My Old Testament reads that the Jews must tithe (10%). My New Testament reads the Christians should "give as God has prospered you"; I take that to mean I don't have a limit or a quota. The widow who gave her mite, her all, was righteous; the rich man who gave much with great show was condemned. I have always gone by the rule that if no personal sacrifice is involved, it's not much of a way to pay honor to God.
Obama and Biden both believe government should do all good things, relieving them of any responsibility to give charitably, proven by IRS returns. Obama donated significantly only to Trinity Church and the Congressional Black Caucus, both racist hate organizations. Biden gave not much of anything to anybody. Socialist are like that. Yes, they are.
I'm new to blogging, but much enjoy your site as it covers a wide variety of topics. You appear to be insightful on the medical profession/healthcare. Could you comment on Max Gammon's "theory of bureaucratic displacement." I studied economics under MIlton Friedman and he frequently referred to Dr. Gammon's analysis of the British system. Your thoughts?
If I'm going to redistribute what I have left to play with, I'm doing it on my own terms, in whatever amount and to whomever I choose...as I have done for over 22 years with my Kiwanis clubs! God bless all service club members (Kiwanis, Lions, Rotary, Soroptimist) for what they do in their communities--without having to be told to do so by the government! I have heard of the McCain's generosity...had not heard of the measly 2% that Obama's donated--though it's his choice and donations are not legislated or mandatory. He should perhaps take a lead from college athletes who 'make the show'...the first thing most of these kids do is pay for their parent's house...or buy them a new one.