Feb 26 2009
Charity Not Redistribution
The era of Big Government is back, as Barack Obama has recently outlined his $3.55 trillion budget. The President intends on spending billions on education, health care, and renewable energy in order to reverse the economic downturn. However, one fundamental question must be addressed; how will Washington fund these new programs with what seems to be an insurmountable deficit? Obama’s mission is to target wasteful spending, but critics claim that Obama is simply concerned with redistributing wealth.
The President plans on increasing taxes for those making more than 250,000 a year, a move that has many Republicans shivering. This will be the primary source in order to fund the up coming budget. Call this a redistribution of wealth, but the government is merely asking those families who can afford a college education and health care for their children to give a little to those families who can’t do the same. Think of it more as charity than the expropriation of wealth.
Well, sometimes the rich have to bail out the poor. Some of the rich can afford to give up some of their money…like the CEOs who make 2 million a year in salary.