Tuesday, October 09, 2007

Another Socialist Clinton Plan

Hillary Clinton is now proposing that Americans who make $60,000 or less per year receive $1000 in annual matching funds for 401(k) accounts from the U.S. government.

To pay for this, Clinton will tax estates valued over $7 million; Clinton says each estate would provide the matching funds for 5000 families.

That is a pretty clear transfer of assets from those who own the assets to those who aren't as well off -- all in the name of making U.S. citizens economically "equal." Clinton said her plan "would help narrow the gap between the rich and those who don't have enough savings for retirement."

She also said the plan "will begin to bring down this inequality that is eating away at our social contract."

Where in the Constitution -- the "contract" our government operates under -- is it authorized for Congress to decide who has too much money and who deserves more?

Clinton claims to have given up on the idea of giving every baby born in the U.S. $5000, but I take that with a grain of salt. What remains significant is that Hillary clearly considers it appropriate to take taxpayers' hard-earned money and give it away to other people's children.

The Republican candidate needs to hit these ideas hard. There are a significant number of Americans who only care "what's in it for me" and will be enthused about monetary handouts from a Democrat President and Congress, but I'd like to hope that most Americans still reject Socialism and believe in the right to own one's own property. Taxation in our country is already far out of control as it is, without these blatant attempts to grab money from one set of citizens in order to pass it out to others...and, in essence, buy votes.

2 Comments:

Blogger jau said...

I guess she really is a socialist. I'm amazed that more people aren't yelling and screaming. Maybe that's part of the genius of starting the campaign so many light years ahead of when it's relevant. And, by the way, what's with the magic number of $60,000? Just another slap at those of us who work our tails off, sometimes at two jobs, and make j-u-s-t slightly more than that. Don't get me started!

12:46 PM  
Blogger Laura said...

"And, by the way, what's with the magic number of $60,000? Just another slap at those of us who work our tails off, sometimes at two jobs, and make j-u-s-t slightly more than that. Don't get me started!"

Precisely. People who make $61,000-$100,000 would get $500 matching funds a year under her plan. If she thinks families in expensive areas like NY and CA who make that kind of money, or just over, have it easy, she is obviously clueless. (Not that I want to take somebody else's money, but I agree with your point...)

Best wishes,
Laura

2:03 PM  

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