Investors Fear Socialism

From Investors Business Daily

The freeze-up of the financial system - and government's seeming inability to thaw it out - are a main concern, no doubt. But more people are also starting to look across the valley, as they say, at what's in store once this crisis passes.

And right now it looks like the U.S., which built the mightiest, most prosperous economy the world has ever known, is about to turn its back on the free-enterprise system that made it all possible.

It isn't only that the most anti-capitalist politician ever nominated by a major party is favored to take the White House. It's that he'll also have a filibuster-proof Congress led by politicians who are almost as liberal.

Throw in a media establishment dedicated to the implementation of a liberal agenda, and the smothering of dissent wherever it arises, and it's no wonder panic has set in.

What is that agenda? It starts with a tax system right out of Marx: A massive redistribution of income - from each according to his ability, to each according to his need - all in the name of "neighborliness," "patriotism," "fairness" and "justice."

It continues with a call for a new world order that turns its back on free trade, has no problem with government controlling the means of production, imposes global taxes to support continents where our interests are negligible, signs on to climate treaties that will sap billions more in U.S. productivity and wealth, and institutes an authoritarian health care system that will strip Americans' freedoms and run up costs.

All the while, it ensures that nothing - absolutely nothing - will be done to secure a sufficient, terror-proof supply of our economic lifeblood - oil - a resource we'll need much more of in the years ahead.

You can read the rest here...

Let me remind you of this exchange between Barack Obama and Charlie Gibson during the Democratic debate in Philadelphia back in April of 2008.

GIBSON: In each instance, when the capital gains tax 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?

OBAMA: Well, Charlie, what I've said is that I would look at raising the capital gains tax for purposes of fairness.

You see, it's not about increasing revenues to the Treasury, it's about Marxism, wealth redistribution, and punishing those that make whatever Barack Obama believes is too much money.