Do you believe Obama's "take from the rich and give to the poor" proposal will work? ?
Will it lead to unemployment? Proof - Best answer should have proof from past governments that flourished with this reasoning. Proof from reliable sources like the LA Times. And thumbs up to all good answers.
Asked By: Chuck Norris - 11/9/2008
Best Answer - Chosen by Asker
History has shown this to be a bad idea. The concept is fine, provide for those that have less than others. It's charity. And it works as long as it's done freely and privately. The problem is that it is impossible to draw lines that will be effective in a government mandated charity system... More
Answered By: E. F. Hutton - 11/9/2008
Additional Answers (9)
did Bush take from the poor and made the rich richer? what have Bush done to keep our economy from getting into this shape it is in now? are you rich?
Answered By: Thomas - 11/9/2008
Well Bush has been taking from the middle class and giving to the rich and corporations for the past 8 years. How's that for redistribution of wealth?
Answered By: toolate4me? - 11/9/2008
After the stock market crash of '29, Hoover raised taxes (not income, but tariffs, I believe) and that made things worse. Then FDR raised income taxes on the rich and promised the world to the poor, and that made a recession into a depression that lasted for years. Many, many people lost their jobs because employers... More
Answered By: MNgirl - 11/9/2008
I'm better off than I was 8 yrs. ago. I bought a house for the first time in my life. But in the next four yrs., I am thinking about quitting work, selling my house and standing in line for the handout...I could use a break/vacation....... yeAH, IN OUR DREAMS...... it ain't gonna work, folks.
Answered By: deedeetres - 11/9/2008
It is the same plan that when Clinton was in office was implemented and it flourished.
Answered By: bonnie w - 11/9/2008
I hope so, cause I plan on getting poor soon so I can get me some rich fat cat money too.
Answered By: stoktrader - 11/9/2008
Didnt work when Clinton promised it, we never saw it we all payed the same taxes we do today.
Answered By: free wil to all - 11/9/2008
I'm not rich, I just get up and go to work every morning like MOST of you. I'll give you an example of the failures of the "take from the rich and give to the poor" that didn't/don't work. Cuba, the revolutionary government there took the sugar plantations from the owners and distributed it to the peasant farmers to... More
Answered By: Jon - 11/9/2008
1) That's a Fox News "Obama proposal", not something Obama himself put out. He isn't taking from the rich to give to the poor, he's increasing the tax on them, which is entirely justified under a graduated tax system. The basic idea being that if a corporation is incorporated as a single entity, or a filthy rich man... More
Answered By: ourajin - 11/9/2008
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