I did not get to watch the debate the other night so I did some reading on what was said and debated. I had this article sent from a friend and I also heard about this yesterday on talk radio. I find this type of thinking about as detrimental as it can be to America's success in the future. I don't understand class envy, redistribution of wealth, and constantly beating down someone or a company for being financially successful. If you take from hard working American's and constantly give to people who don't care to ever hold a job (because they know the "MAN" is going to take care of them), then what kind of country are we living in? Let me tell you a little story.
I had an employee who made a very costly mistake at one of my stores. It took us about 24 hours to figure out what this employee did wrong. While we looked for the error we put them on an unpaid leave. Not firing her like what would usually happen in this business, but an unpaid leave for 1 day. This employee went to the unemployment office and filed unemployment for a day. Their reasoning for this was…They felt it was the company's fault they did not get paid because it took us a day to figure out their error. Let me say this again. Because this person made a costly error that cost the company lots of money they felt they were entitled to being paid while the company spent several man hours to find and fix
their error. They never said thank you for not letting them go. Never said sorry I had to make a lot of people stop what they should have been doing and fix my error. Sorry I cost the company a lot of money. Nothing!!!!! Instead they were mad because they didn’t get paid for one day while they sat at home waiting for us to find and fix their error. This is the type of mentality we are dealing with as a country. No one will take responsibility for their actions. They don't care about their jobs because the government will run to their aid. American needs to get back to tough love and people of this country need to become the hard workers of the past. Stop pointing the finger at someone else for your problems, issues, or lack of success. Quit waiting for the government to come out with a new program that will pay you to sit at home. You’re responsible for your own success. If you do work hard and become successful (which is never a guarantee) do you want someone like Obama telling you how successful you can be? Do you want him taking your profits to help pay for people like the one I have mentioned above? Please do your research on these candidates before you vote. Below is an article about Obama's thinking on capital gains tax. This is some scary stuff.
P.S. They were never awarded the unemployment they filed for.
Obama’s Truly Radical Capital Gains Tax Agenda
via Cato-at-liberty by Daniel J. Mitchell on 4/17/08
http://www.cato-at-liberty.org/2008/04/17/obamas-truly-radical-capital-gains-tax-agenda/Every so often, a politician commits the horrible mistake of saying what he really thinks. This happened at the Democratic debate. Barack Obama has a very punitive proposal to nearly double the capital gains rate. When asked by one of the moderators whether this makes sense, especially given the historical evidence of big “Laffer-Curve” effects, Senator Obama dismissed concerns about falling revenue, arguing that a high rate was justified by “fairness.” In other words, Senator Obama is so fixated on punishing success that he is even willing to reduce the amount of tax revenue flowing to Washington that he and his buddies can redistribute. This position is so radical that my Cato colleague Sallie James was distracted from her work on the free trade agreement with Colombia (I’m not a foreign policy person, but that’s apparently a country bordering Nepal and Mauritania) and demanded that I say something about the issue. But let’s first look at what Senator Obama actually said:
MR. GIBSON: And in each instance, when the rate dropped, revenues from the tax increased. The government took in more money. And in the 1980s, when the tax was increased to 28 percent, the revenues went down. So why raise it at all, especially given the fact that 100 million people in this country own stock and would be affected?
SENATOR OBAMA: Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.
The Senator then proceeded to bash evil rich (sorry for the redundancy) people, so the moderator asked the question again:
MR. GIBSON: But history shows that when you drop the capital gains tax, the revenues go up.
SENATOR OBAMA: Well, that might happen or it might not. It depends on what’s happening on Wall Street and how business is going.
This exchange is particularly revealing since Senator Obama actually admitted that a tax rate increase might lose revenue, but he held firm to his position that the capital gains rate should be increased from 15 percent to 28 percent. This reminds me of a conversation I had years ago with an economics professor from an Ivy League university. He told me that he once asked his left-wing colleagues whether they would support lower tax rates if they knew that tax revenues would rise. Most of them, he said, shared Obama’s viewpoint that punishing success was more important to the statist ideology than increasing revenue for government.