As the liberal disaster called ObamaCare unfolds, President Barack Obama is already embarked on his next Big Lie: income inequality.
It’s useful to visit some of the planks of Karl Marx’s 1848 Communist Manifesto. They included abolition of private property—the keystone of capitalism—and the application of all rents of land to a public purpose. Marx advocated a heavy progressive or graduated income tax whereas a fair tax that treats all Americans fairly by taxing what you spend instead of what you earn. The current tax code is more than 73,000 pages! Marx wanted to eliminate all rights of inheritance and centralize credit by means of a national bank.
What Obama is talking about is socialism/communism when he claims that income inequality must be altered by more government intrusion into our lives and his claims are false. He said that “a dangerous and growing inequality and lack of upward mobility” is “the defining challenge of our time”
His objective is to further divide Americans by promising what government cannot and should not deliver. This is now the Democratic Party theme leading up to the midterm elections in November. He is right about one thing, only economic growth can provide the opportunity for Americans to increase their personal incomes, provide a choice of investments, and save more for the future. In his first five years in office, economic growth has been historically slow.