Posted by
txag007 on Friday, April 11, 2008 1:27:47 AM
Many thanks to Mark Levin for bringing the following quote to my attention.
Michelle Obama, at a campaign stop on Tuesday said, "The truth is, in order to get things like universal health care and a revamped education system, then someone is going to have to give up a piece of their pie so that someone else can have more." (emphasis mine)
The truth is that the idea that we live in a zero sum economy is not true at all. It's also not capitalism. The 1980s are a great example of why Mrs. Obama's statement is incorrect. When we dramatically cut taxes across the board as we did under President Reagan, everyone gets more pie because we grow the size of the pie!
The notion that the reason for the poor being poor is because the rich have money is nothing more than an exercise in class envy. History says otherwise, and voters need to realize this before the November election.