Sometimes a seemingly random word or two can be very instructive, if you want to know what a person really thinks. That is the reason I (and so many others) paid quite a bit of attention to a couple of revealing moments leading up to the election.
One was Obama’s “spread the wealth” comment to Joe the Plumber. While some might say it was just a single insignificant phrase uttered during an impromptu give-and-take, I would respond that no one would express such a thought unless it matched his/her internal concept of the world and how it should function.
In other words, it was a moment in which Obama’s carefully constructed mask slipped.
The same was true for the surfacing of a tape in which Obama calmly said that his energy policies were intended to bankrupt coal plants and cause the price of electricity to “skyrocket.” Prior to this, we all know he was an environmentalist. But the radical nature of his “solutions” had not been so nakedly revealed.
I wrote this post in the week before the election, entitled “Will the real Obama please stand up?” In it, I quoted Tony Blankley on the subject of Obama’s true intentions as opposed to his facade.
It made chilling reading then. But it makes prescient reading now:
But of course, throughout history when dangerous, radical men have offered themselves up for leadership, their moderate supporters have rationalized their early support by hoping that the dangerous man is really a sensible man like them and doesn’t believe some of those wild things he has said to his more fervent followers.
But as the campaign clock ticks down to its last days and hours, prudent people have to consider the possibility that beneath that easy manner and calming voice is the pulsating heart of a genuine man of the radical left.
That brings us to a telling remark Obama made during his February 24, 2009 speech to a joint session of Congress. It slipped right by me at the time. But Jacob Sullum, writing in Reason, has kindly underlined it.
In the sentence in question, Obama doesn’t mention Bush by name. But it appears fairly clear that he is speaking of the beginnings of the Bush administration, when Bush inherited a budget surplus from President Clinton (let’s leave aside for the moment the interesting question of whether it was technically a surplus or not; we can certainly agree it was at the very least a greatly reduced deficit). Obama said:
A surplus became an excuse to transfer wealth to the wealthy instead of an opportunity to invest in our future.
Sullum points out:
Whatever you think of the wisdom of Bush’s tax cuts, they amounted to taking less from people, not giving more to them. Obama makes it sound as if there is no meaningful difference between robbing Peter to pay Paul (which is what he has in mind when he talks about “rebalancing the tax code”) and leaving Peter alone (or, more accurately, robbing him less thoroughly)””except that the latter option is, in Obama’s view, morally inferior.
I believe that this, more than any other statement Obama has made, underlines the deeply radical Leftist underpinnings of Obama’s thoughts about wealth and capital. By labeling the act of allowing people to keep more of the money they have already earned as a “transfer of wealth to the wealthy,” he indicates that he actually doesn’t think that money belongs to them in the first place.
Now, you may think the tax code isn’t progressive enough. You may think that the rich should be paying an even bigger share than their already substantial portion of the tax burden. But the idea that a reduction in a still-high tax rate, that allows the rich to keep more of the money they have earned, represents an actual transfer of wealth to them is a very odd—and hugely telling—notion.
The second part of the quote is interesting, as well. Obama says the wealth transfer has been a substitute for “an opportunity to invest in our future.” But wait—do not the wealthy “invest in our future,” by starting businesses, growing the GNP, and employing people in a myriad of ways? Of course, not all of their money goes to this purpose. They keep quite a bit (are allowed to keep quite a bit?) to furnish their lavish homes, and to buy their yachts and other playthings. But some of that surplus owned by the wealthy (yes, they do own it) is put in the service of driving the engine of our economy for us all.
Does Obama not realize this? Perhaps—but I think he does actually know it. I just think that, when he says “our future,” he’s envisioning a different sort of future.
What is this “future” in which Obama would have us invest? It appears to be one in which government makes the decisions as to who should own wealth, because that wealth actually belongs to the people as a whole. One in which that wealth can be redistributed by the government according to its own ideas of fairness. A government which, under Obama, will come to resemble either a social welfare state of the type popular in Europe, or perhaps even a socialist state approximating Venezuela under the reprehensible Hugo Chavez.
Think it can’t happen here? Think again.
Obama’s proposed tax structure will have an interesting effect. According to Michael Boskin, writing in the WSJ:
New and expanded refundable tax credits would raise the fraction of taxpayers paying no income taxes to almost 50% from 38%. This is potentially the most pernicious feature of the president’s budget, because it would cement a permanent voting majority with no stake in controlling the cost of general government.
And that, in turn, reminds me of this thought, attributed (perhaps falsely) to Alexander Fraser Tytler:
A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, followed always by a dictatorship. The average age of the world’s greatest civilizations has been 200 years.
Now, I’m not sure about the word “always.” And it also seems there are democracies that have lasted more than 200 years. Also, of course, we can quibble with the word “democracy” because we are a republic.
But it seems true that it would take a very stalwart and unusual group of people to stop voting funds for themselves from the money machine our government has become. I’m not sure we are that people any more. And the quote dovetails nicely with another thought, this one attributed to Ben Franklin:
When the people find they can vote themselves money, that will herald the end of the republic.
Far from being naive about money and taxes and their effects on the general public, I see signs that the Democrats and Obama are very sophisticated indeed. It’s not that their goal is to destroy the republic. But I’m not sure that they care all that much if it happens. It may just be an unintended consequence of their drive for power.