IS THE PRESIDENT REALLY A SOCIALIST?
by: William E. Dannemeyer
Peter Ferrari in February, 2013, was told by his organization, “The Schwarz Report” to provide the truth about whether the richest Americans pay their fair share of the federal income tax.
He compiled this data in response to this assignment:
% share of federal income tax % of income
1% of tax earners 39% 13%(3x share of income)
20% middle class 2.7% 15%
40% bottom percentage paid no tax paid cash by IRS
Equal to 10% of federal income tax
President Obama says that income taxes must be raised on the rich because they don’t pay their fair share. This claim is total nonsense and he knows it! The proof of this false claim is the data from the IRS which shows that the “rich” at 39% are paying 3 times their share of income in America.
What Obama is claiming is a fundamental Marxist principle, “From each according to his ability, to such according to his need.”
President Obama is not a socialist, he is a Marxist when he claims that the 1% of top earners pay 13% of all income taxes collected in America.
Good tax policy is not guided by “need.” It is guided by what is needed to establish the incentives to maximize economic growth.
In the 20th century, where the standard of living of American workers increased by more than 7 times, through sustained rapid economic growth.
COMPARISON OF CHINESE AND U.S. CONGRESS
THE WALL STREET JOURNAL, DEC. 27, 2012, P. 1,10
China is a Communist country. A former chairman of the Communist Party, Chairman Mao Zedong claimed that capitalists were enemies of the State.
In the 1980s and 1990s the current Chairman of the Communist Party of China, Deng Zuoping now asserts that to get rich is glorious.
75 of the 3000 members of Chinas legislature, called the National People’s Congress, each have a net worth of more than 1 Billion U.S. dollars. To get to be a member of the National People’s Congress you are not elected by the people of the country. You secure the nomination of a member of a Communist Party institution.
If you believe that a government of a nation should not engage in deficits you may have some interest in supporting the Communist government of China. So far as can be discovered the Communist government has no debt. In fact, an investment fund of $200,000,000 is now available and directed by a Chinese citizen who was educated in the United States and has the responsibility to invest this wealth anywhere in the world where a decent rate of return can be achieved. Many ordinary Chinese blame high prices, poor quality food, and pollution on quanshang quojie – meaning roughly, officials in bed with businesses.
By comparison, the collective wealth of all 535 members of the U.S. Congress was between $1.8 billion and $6.5 billion in 2010, according to the most recent analysis of lawmaker’s asset disclosures by the non partisan Center for Responsive Politics. Each member of Congress is required by law to file an annual statement which lists his claim to the assets and liabilities in his ownership.
When the government of any country tolerates a tax system whereby 40% of the people pay no income tax but are paid cash by the IRS equal to 10% of the federal income tax which is collected you are condoning a political system whereby a political party, in this era this sin dominates the Democratic party, which uses its power to redistribute wealth to the people in their constituency who receive cash in exchange for their vote to elect people who will keep the money faucet running from the Sacramento government of the state.
Election to the National People’s Congress of China consisting of 3000 members requires a candidate to secure the support of a Communist party institution.
Election to the Congress of the United States requires a candidate to secure a vote in a state where the Democratic Party promises to use the power of the central government to redistribute wealth from the productive people to the non producers. There is no limit to how high the national debt can go. The current national debt of the U.S. is listed at $16,808,240,386,273.
The Democratic Party enjoys a majority in the U.S. Senate of 51-47 plus 2 members of the chamber who describe themselves as Independent who consistently vote with the Democrats producing a 53-47 majority for the Democratic Party.
The Republican Party enjoys a majority in the House of Representatives of 233-194.
The Schwarz Report, February 2013
The Chinese Communist Party 2013, James J. Areddy and James V. Grimadli
Forbes Online, December 20, 2012
Wall Street Journal, December 27, 2012, p.1,10