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Biden: Higher taxes is just plain Patriotic

Anthony Randazzo
September 17, 2008, 2:31pm

In an age of political spin and vague campaign promises, Joe Biden is a breath of fresh air. Today he made his Robin Hood aspirations open and obvious. There can be no mistaking what he means. The McCain campaign can't spin this one. Biden is now very clear: paying higher taxes is a patriotic duty and we should all step up.
Biden said: "We want to take money and put it back in the pocket of middle-class people... It's time to be patriotic... time to jump in, time to be part of the deal, time to help get America out of the rut."
And if Obama is president, he will make sure our American pride is properly expressed by raising taxes on those with money for the express purpose of giving it to those without. Admittedly, he is unclear as to how the money left the pockets of middle-class America. It could have been stolen from them by evil corporations just out to make money--though its unlikely we'd have any businesses providing products if no one was out to earn a profit. They could have lost it in the stock market, which was caused--in Obama's estimation--by failed GOP regulations on Wall Street. Though that money was all lost and it couldn't have wound up in the pockets of the rich. Most likely the money the rich have just naturally belongs to the middle class, because they do all the work. Its not like the rich had to work to get their money, it just came to them. One way or another, Biden's gonna make sure he takes from the wealthy (which is everyone over $250,000 according to Obama) and give it back to the poor (which in this case the the struggling middle-class).

Anthony Randazzo is Director of Economic Research


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