3 ms·
Anyone concerned what this will do for innovation? How could an entrepreneur vote for Obama? He has clearly stated that he wants to "redistribute" the wealth. I
by brentr 18y ago
Anyone concerned what this will do for innovation? How could an entrepreneur vote for Obama? He has clearly stated that he wants to "redistribute" the wealth. In my eyes, that's the essence of socialism.
- andreyf 18y agoTaxation is not the only prerequisite of socialism, and just about any taxation can be viewed as wealth redistribution.
- redrobot5050 18y agoYou've been paying taxes all your life, and that, in essence, is not socialism. Its called Progressive taxation. Many states in the US have their state income tax set up this way (the more you make, they more they take. In state that do not tax that way, they often tax you based off property ownership.) and they are not socialist. I'm also not concerned what it will do for innovation (whatever that means) because historically the economy and stock market do better under Democrats than under Republicans. George W. Bush has yet to create one single net job, and he has a mere 75 days to do.