Wealth Redistribution Again

Democrats are always crying about the need to redistribute wealth.  It is an old story which highlights their lack of historical knowledge. Income taxes, minimum wage, social security, welfare, etc. and all entitlements are wealth redistribution programs.  They sound good but like opium there are side effects which are ignored.

Wealth redistribution depends upon a nation producing the wealth needed to redistribute the wealth.  Governments like the United States must have a thriving, growing economy to sustain the programs it creates.  The problem is that government doesn’t produce wealth. It takes wealth away through its spending and taxes.

Historically, for every dollar the government receives in taxes, it spends $1.58.  Under Obama, the spending has increased exponentially.  For example, the Obama stimulus spending did not result in any substantial growth in the private sector of the economy because it was used for political purposes.  This is why his administration has the longest economic recovery in history, the greatest debt accumulated under one administration and the longest high unemployment rate.

There has been wealth redistribution.  According to studies by the Associated Press (not a bastion of conservatism), the median U.S. income has declined by over $2,000, the middle class has shrunk because of the bad economy, people on disability has sky rocked and  the number of people who are in poverty or near poverty has set a new historic record.  So the number of people who would help to grow the economy has dramatically declined.  All of this information comes from government sources.

So when the Democrats are trumpeting that they are going to make wealth redistribution and not ObamaCare the primary issue in the 2014 election, they are walking into a mine field they made over the past five years.  The wealthy have gotten wealthier through their investments and the poor have gotten poorer because of the crumbling economy.  The gap between the rich and the poor has increased under Obama and the Democrats and they should be held responsible in 2014 for the disparity that exists.

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About camden41

Retired public school administrator Retired history professor: Taught Western Civilization, American Civil War, United States History, Economic History, Ancient & Medieval Foundations, American History Since 1945
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