Marxism: “From each according to his ability, to each according to his need”
The Hill’s On The Money, reports that Obama’s budget, to be released this coming Wednesday, will limit how much wealthy individuals – “like Mitt Romney” – can keep in IRAs and other retirement accounts. The proposal would save around $9 billion over a decade, a senior regime official said, while also “bringing more fairness to the tax code.”
Notice the words, “like Mitt Romney,” and “bringing more fairness to the tax code.” These are integral to Obama’s promotion of the politics of class envy.
The administration claims that wealthy taxpayers can currently “accumulate many millions of dollars in these accounts, substantially more than is needed to fund reasonable levels of retirement saving.”
Process that. Rather than encouraging individuals to succeed, the President of the United States, an unabashed Marxist, now deems what is a reasonable amount of money for Americans to hold in their private accounts.
Follow this convoluted thought to its logical conclusion. Successful people don’t rely on the government for handouts, relying upon themselves and their own ingenuity instead. That presents a problem when Nanny government wants to increase its control. And independent people — most often America’s risk taking job creators — are more likely to vote Republican. That’s why they need to be demonized and have their private wealth confiscated. Obama has never denied being a redistributionist.
Last month we warned, “On the heels of our recent post Pay attention: Cyprus gov’t raids 60% of private accounts, we have even more alarming news much closer to home. There is a concerted effort playing out within the wildly-spending Obama administration to separate Americans from their hard-earned savings. This post, Obama salivating over $19.4 trillion in U.S. savings tells the rest of the disturbing story.”
This May 2010 article in Human Events titled Republicans Sound Alarm on Administration Plan to Seize 401(k)s, provides important background, including a letter sent to the secretaries of the U.S. Treasury and the Department of Labor signed by over a dozen Republican members of Congress, including House Speaker John Boehner, expressing “our strong opposition to any proposal to eliminate or federalize private-sector defined contribution pension plans, such as 401(k)s, or impose burdensome new requirements upon the businesses, large and small, who choose to offer these plans to their employees.”
If you read “Obama salivating over $19.4 Trillion in U.S. savings” last week, reread it. This information is indispensable as we attempt to survive the long reach of the redistributionist in the White House.
In this video Obama states in explicit terms — “I actually believe in redistribution” — about taking from one group to give to another — blatant thievery — which he calls “fairness,” and making sure “everyone has a shot.”