h/t Mark Hemingway
From a New York Times magazine piece on Obama:
“If you talk to Warren [Buffett], he’ll tell you his preference is not to meddle in the economy at all — let the market work, however way it’s going to work, and then just tax the heck out of people at the end and just redistribute it,” Obama said. “That way you’re not impeding efficiency, and you’re achieving equity on the back end.” He continued by saying that he thought there was some merit in Buffett’s argument. But, he said: “I do think that what the argument may miss is the sense of control that we want individuals to have in determining their own career paths, making their own life choices and so forth. And I also think you want to instill that sense of self-reliance and that what you do will help determine outcomes.”
I think, given Obama’s history, we can safely ignore the paean to “self-reliance” and self-determination and can focus not only on his agreement with Buffet’s unfortunate “tax the heck out of people” and “redistribute” that money, but also on his emphasis on government’s determining outcomes — something that is in vogue with the modern left, and that flies in the face of the rugged individualism and emphasis on equality of opportunity that have made this country what it is today.
Jeff Emanuel
Neil Stevens
Caleb Howe
So, what incentive is there to work if you get taxed the heck out of
Mike gamecock DeVine (Diary) Friday, August 22nd at 2:07PM EDT (link)on the back end? none
That is the common sense fact that liberals just never get.
Mike DeVine’s Examiner.com and Charlotte Observer columns
“One man with courage makes a majority.” – Andrew Jackson
Buffett
RJD (Diary) Friday, August 22nd at 2:10PM EDT (link)He thinks were still in a recession. We may be headed that way, but until I see two consecutive quarters with negative GDP, the economy is growing along, albeit, slowly.
Someone needs to commission a study about why wealthy folks – those who are self-made – think wealth redistribution is a good idea.
My theory?
mikefisk (Diary) Friday, August 22nd at 2:56PM EDT (link)He’s looking to position himself in with companies that would provide services to governmental agencies, such as computer software companies, staffing organizations, call centers… he can make a killing off of the back of the government, who will be likely allowing him to skate with the scratch. He’s not stupid, so my take is he’s found an in.
“Once within the maw of Leviathan, degree of digestion is irrelevant.” – Michael Fisk
9.25, -4.77
Sentence comprehension
benjjneb (Diary) Friday, August 22nd at 4:13PM EDT (link)Jeff’s take,
“we can focus… on [Obama's] emphasis on government determining outcomes”
The original quote from Obama,
“And I also think you want to instill that sense of self-reliance and that what you do will help determine outcomes.”
It’s pretty obvious that Obama is talking about individuals determining their own outcomes, not the government as you seem to think.