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Barack Obama Embraces Karl Marx

December 10, 2012 By Richard C. Young

“We have a tax machine that, in direct contravention of the Constitution, is not designed to solely raise revenue but is used, openly and admittedly, to control the economy and to equalize the earnings of our people.” From Ronald Reagan’s 28 July 1961 speech to the Orange County Press Club.

Do you suppose House Speaker John Boehner has read President Reagan’s compelling speech? It would certainly appear not. President Reagan continued, “The socialists’ ultimate tool was the progressive tax.” Are you reading this Speaker Boehner and fellow House members? Americans did not send you people to Washington to support the Marxist-oriented Obama administration in socializing America. Karl Marx, in The Communist Manifesto, outlined 10 points for allowing the proletariat to use its political supremacy to wrest, by degrees, all capital from the bourgeoisie. Marx’s express goal was to centralize all instruments of production in the hands of the state. For Marx, a heavy progressive or graduated income tax was a top 10 cornerstone.

Still with me here, Mr. Boehner? President Reagan warned, “Traditionally, one of the easiest first steps in imposing socialism on a people has been government paid medicine. It is the easiest to present as a humanitarian project. No one wants to oppose care for the sick.” Obamacare fits in quite nicely here, does it not? But as I have been posting from Cato’s Michael F. Cannon, the Obamacare battle is far from lost.

Are you Republicans in Congress aware of Mr. Cannon’s drive to thwart Obamacare? In a speech to Business Roundtable top business leaders, President Obama stated that he wouldn’t negotiate with Republicans on the issue of a borrowing limit without limitations. President Obama said, “I want to send a very clear message to people here: We are not going to play that game next year.” A game indeed, Mr. President. You are attempting to rob Peter to pay Paul. You have spent America into a ditch and now want America’s small business leaders to bail you out with higher taxes rates, a la Marx, and more debt. Speaker Boehner’s answer had better be no. America has a spending problem not a revenue problem. The only correct answer is to cut spending. Where can we start first, President Obama?

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Richard C. Young
Richard C. Young is the editor of Young's World Money Forecast, and a contributing editor to both Richardcyoung.com and Youngresearch.com.
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