Anyone following the American presidential debates will know of McCains example of 'Joe the plumber'. Joe Wurzelbacher, an Ohio plumber, has recently risen to fame as a result of McCains misaimed atttempt at stirring up criticism towards Obama's tax policies and arousing sympathy for hard working tradesmen such as plumbers. Some of these guys, according to McCain have been fixing pipes for decades to lever themselves into a position where they're pumping in over 200,000 dollars a year only to have it sadly drained away by Obama.. Joe won't be immediately affected because now, like most Ohio plumbers he earns enough to get by but someday he hopes to earn a quarter of a million bucks a year in which case Obama as president might make him a slight bit less well off than under McCain. Poor Joe. For more:
The Real Plumbers of Ohio
'Joe the Plumber' says he has no plumbing license
1 comment:
It's not just the fact that "Obama as president might make him a slight bit less well off" It's the idea that Obama's plan is a redistribution of wealth.
The fact is Obama wants to take $ from one person and give to another person who has paid NO federal income tax. When Obama says he'll give a tax cut to 95% of working Americans he fails explain that about 30% or more of Americans pay NO federal income tax. And by the way what Obama refers to as "payroll tax" is not a tax it is Social Security dollars. The $ withheld from your paycheck and put into the Social Security fund are YOUR $$$!
Therefore if Obama is going to give a refundable tax credit to someone who has paid NO federal tax it simply means they will be paid $$ that were never paid by them in tax. This $$ came out of someone else’s pocket who earned it and DID pay it in taxes.
This is a classic example of redistribution of wealth. This is socialism and will lead to bigger problems down the road!
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