Ed Morrissey delves a little deeper into Comrade Obama’s economic plan I blogged about yesterday and it paints a picture of someone who wants the government to burrow itself even deeper into every aspect of your life:
Obama proposes to create a government-run savings program that provides matching funds on savings. In other words, Obama wants to collect tax money to redistribute it to savers, in a plan that works much the same as employer 401k plans. Why should the government pay people to save their money, especially outside the 401ks that work better and have much higher caps?
Do you like the IRS? Want to trust them to do your tax returns? Rather than simplify taxes, Obama instead wants to have the IRS prepare your returns for you and send them out for your signature. Since the IRS gets all of your income information already, he wants the IRS to calculate how much you owe, without apparently considering that most Americans itemize for deductions. It doesn’t cut down on preparation time in any case, but merely transfers the cost to the federal government– as well as more power to the IRS.
Let’s also consider the workplace pension plan Obama will create. It will create a system of accounts that can follow a worker who moves from employer to employer, and will also provide for pensions when working for small and midsize companies that do not offer one. We already have this system; it’s called Social Security, and it’s slowly going broke. When George Bush tried to bolster it with private accounts — integrated into SS, not a new parallel system as Obama proposes — Democrats screamed bloody murder.
And what happens when the federal government sets up a competing pension system for American workers? Do you think that employers will continue to offer pensions, or do you suppose they’ll shrug that off and let the government take up the slack instead? We will have created another massive new entitlement system, when we can’t afford the ones we have now.
Now some lefties may say, hey….the proposal to have the IRS do your taxes is optional. No one is forcing you to have that service. That may be true but heres the rub, why should the government even offer the service? If your not itemizing then it really is a simple form. This type of “service” is just one more example of the lefty utopia in which everything begins and ends with the government. In the end we all know what this is. It starts out optional and slowly builds on that culture of dependency that the Socialist so desire.
His proposals are nothing but the tired old Socialism that has failed over and over again across the globe.
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The more I research Obama the more I wonder how even 1 person could vote for him.
Look out America – I believe socialism is here.
I fear that the current “Stimulus Package” (ergo Spending Bill) will ultimately cause the total collapse of our economy and thus the capitalist system in this country. The Government will assume control of everything–the Auto Industry, the banks, real estate, 401Ks. That pretty much covers it all doesn’t it. Of course the liberals already control most of the media airwaves, except Fox News and a few others. But that may change as well, if the Libs get the “Fairness Doctrine” passed, which is just another form of sensorship, and one to their advantage. It will be a total Socialist Coup. It’s downright frightening. Someone should wakeup George Orwell so he can say–“I told you so!”
Robbing from the rich9working stiff who pay their bills) and giving it to the freeloaders (leaches) may be great in fiction, but in the real world socialism has been proven to not wrok IE russia and eastern europe. even cina has gotten very western
True Socialism has failed over and over but capitalism is also not doing well , my vote is for the change the policies , the is not much big problem with IRS dealing to you tax papers work for you , the real question is if it provides some relief fine go ahead with it . we would be in much worse situation if things don’t work out , forget about socialism or capitalism , let just get out of this financial quagmire any was we can