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Politics : Just the Facts, Ma'am: A Compendium of Liberal Fiction

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To: KLP who wrote (67899)10/29/2008 7:46:43 AM
From: thames_sider  Read Replies (1) of 90947
 
Most of us don't believe in Socialism/Communism/Marxism or for that matter, any of the -ism's of yesteryear.

One other point, which I may have missed as I obviously don't see the attack ads.
There seems to be a theme attacking Obama as a 'socialist', or indeed Marxist. Now from a European perspective this is blatantly false, we've seen real Marxist socialists and Obama is about as close to them as my bank account is close to Warren Buffet's...

However if you won't believe me, this site seems objective. At least, they rate ads and claims by both sides and seem to do so fairly.
cqpolitics.com

Sen. John McCain ’s campaign has seized on Sen. Barack Obama ’s offhand remark that he wants to “spread the wealth around” to claim that Obama is a socialist.

Even in the context of a heated presidential campaign, that’s a remarkably incendiary accusation. It’s become a standard part of the McCain campaign rhetoric, uttered by surrogates and candidates alike.

Gov. Sarah Palin ’s remarks in Springfiled, Mo., are a good example: “Senator Obama says that he wants to spread the wealth, which means — you know what that means,” she said at a rally on Oct. 24, 2008. “It means that government takes your money, (handed) out however a politician sees fit. Barack Obama calls it spreading the wealth, and Joe Biden calls higher taxes patriotic. And yet to Joe the Plumber, he said it sounded like socialism. And now is not the time to experiment with socialism.”
...
Socialism refers most commonly to a system in which the government owns the means of production and distribution of goods. That is, the state truly is responsible for creating and spreading the wealth. ...

So when Wurzelbacher brought up a flat tax, Obama responded by endorsing progressive taxation – the principle of taxing those with higher incomes at a higher percentage than those with lower incomes. And it is in that context that Obama said he wanted to “spread the wealth.”

Progressive taxes do indeed spread the wealth a bit. But they do so much more modestly than government owning the means of production.

Few serious policy makers — including McCain — consider progressive taxation socialist. In fact, on the Oct. 26, 2008 edition of NBC’s Meet the Press, McCain stood by a comment he made in 2000 that “there’s nothing wrong with paying somewhat more” in taxes when you “reach a certain level of comfort.”

“You put into different, different categories of wealthier people paying, paying higher taxes into different brackets,” McCain told host Tom Brokaw, as if to say progressive taxes are a no-brainer.

Indeed, progressive taxation has been a cornerstone of American tax policy since the federal government first collected an income tax in 1863. It was based on the Tax Act of 1862, which President Abraham Lincoln signed, and which imposed a “duty of three per centum” on all income over $600, and five percent on income over $10,000.

Obama’s proposed top tax rate of 39.6 percent, (up from today’s 36 percent) is considerably higher than that. But it’s not particularly high in the context of modern times; as he pointed out to Wurzelbacher, it’s about what top earners paid in the Clinton years. In 1987, the top tax rate was 38.5 percent. In 1944, it was 94 percent on the top portion of the highest incomes.

So no, Obama’s tax increase on those making more than $250,000 would not represent a transformation of the U.S. system of government. His desire to “spread the wealth” through progressive taxation makes him no less a capitalist than McCain, or Lincoln. Palin’s allegation that Obama wants to “experiment with socialism” seems designed less to inform than to inflame. We rated her remarks “Pants on Fire” wrong.
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