- "Fairness" is code for higher taxes. What is fair about punishing those who work and study by taxing away their income?A forgotten part of freedom is economic freedom. Being able to criticize your government is great, but it is not the only freedom. It's to be able to work where you want and to keep the money you make.
- Expanding the earned income tax credit -- is expanding a redistribution of wealth. Similar to "fairness".
- Adding government regulation -- that will drive up the cost of doing business in America and lead to more outsourcing. There's a reason why jobs are leaving California. It's because the government is so inhospitable to businesses.
- End tax breaks for companies that ship jobs overseas - You mean Clinton is going to cut corporate income tax? That's the tax break companies get from going overseas. Most US companies are forced to pay nearly 40% in corporate tax rates, the second highest in the world. Instead, they'd rather go elsewhere.
Milton Friedman said about John Kenneth Galbriath, a Keynesian (socialist for the lack of a better word) economist: "Many reformers -- Galbraith is not alone in this -- have as their basic objection to a free market that it frustrates them in achieving their reforms, because it enables people to have what they want, not what the reformers want. Hence every reformer has a strong tendency to be averse to a free market."
MANCHESTER, N.H. (AP) -- Presidential hopeful Hillary Rodham Clinton outlined a broad economic vision Tuesday, saying it's time to replace an "on your own" society with one based on shared responsibility and prosperity....
"There is no greater force for economic growth than free markets. But markets work best with rules that promote our values, protect our workers and give all people a chance to succeed," she said. "Fairness doesn't just happen. It requires the right government policies."... Clinton said she would reduce special breaks for corporations, eliminate tax incentives for companies that ship jobs overseas and open up CEO pay to greater public scrutiny.... Clinton also said she would help people save more money by expanding and simplifying the earned income tax credit; create new jobs by pursuing energy independence; and ensure that every American has affordable health insurance.
Obamanomics - Obama ignores economic truths. As prices go to zero, demand skyrockets. Then cost skyrockets even further. Then something must be done to regulate demand; enter bureaucracy. Then to keep the costs down, then price ceilings are created. Price ceilings lead to shortages. So you end up with Britian, where people ended up waiting for years for surgery and many people's cancer treatment gets delayed until it becomes untreated. (The right way to keep healthcare costs down isn't to let the old die). We have problems with healthcare as it, but it will not be solved via the government.
IOWA CITY, Iowa - Democratic presidential hopeful Barack Obama on Tuesday offered a plan to provide health care to millions of Americans and more affordable medical insurance, financed by tax increases on the wealthy.
Bemoaning a health care "cost crisis," Obama said it was unacceptable that 47 million are uninsured while others are struggling to pay their medical bills. He said the time is ripe for reforming the health care system despite an inability to do so in the past, most notably when rival
Obama's proposal would spend more money boosting technology in the health industry such as electronic record-keeping. His package would prohibit insurance companies from refusing coverage because of pre-existing conditions. It would also create a National Health Insurance Exchange to monitor insurance companies and limit their profits. Obama said the typical consumer would save $2,500 a year on premiums.