Spreading the Wealth

Long before the present crises on Wall Street, the lower middle-class experienced their incomes going down. Millions of parents across America couldn’t afford health care or to send their children to college. We’ve needed to start strengthening our economy from the bottom up for many years. Obama has proposed a $50 billion emergency economic plan that would save a million jobs, by rebuilding our infrastructure, repairing our schools, and help our states avoid damaging budget cuts. He would pay for this emergency economic plan by raising taxes on the top 2% of our wealthiest citizens.

McCain and Palin are claiming Obama is a socialist, who middle and upper class taxpayers should fear as the tax bogeyman. This tactic is not only standard Republican hypocrisy, but it’s backfiring. All of the major polls and the electoral map show that Obama is pulling away with leads in virtually every swing state, which demonstrates that many independent voters have rejected McCain’s smear campaigns.

There’s absolutely no logic or truth in McCain’s spread the wealth attacks on Obama. Republican are unable to explain how reversing the Bush tax cuts is "spreading the wealth" socialism, while enacting them in the first place was not. According to Republican’s reducing the tax burden on our nation’s wealthiest citizens and corporations is fair but, undoing those tax cuts is an act of taxation heresy.

Was it not redistribution of wealth eight years ago, when the Bush regime took billions out of our tax system and gave it to America’s richest citizens? Republicans claim raising taxes on the rich is socialism, because it redistributes wealth, but the recent bail out of Wall Street, which could eventually increase our national debt by another trillion dollars is not an act of socialism. Today, Wall Street profits remain privatized, but losses have been socialized.

Bush and McCain have succeeded in creating a country where there is socialism only for the rich and well-connected.