Thursday, January 08, 2009

Obama vs Economics 101

[B]y 'redistributing wealth,' as Obama wants the government to do, he's actually reducing overall wealth in the economy by taking away capital from those who can invest it efficiently in direct job creation. And the real irony is that if Obama ... succeeds in raising taxes on the top 5 percent, he's likely to collect less tax, not more, if history is a guide. -- Linda Chavez

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