Obama’s THREE RADICAL REDISTRIBUTION Plans for 2nd Term
Few people talk about it but, redistributing the wealth comes straight from chapter two of the Communist Manifesto. Yet, in spite of the fact that Obama’s history is overloaded with Communist influence and he promotes the concept of redistributing the wealth, liberals get so upset when Americans refer to Obama as a Communist.
Now, it has become abundantly clear, Obama has three radical redistribution plans in store for America during his second term. The Washington Examiner lays it out so even the most simple minded can’t misunderstand the plans.
According to The Examiner, “The passage of Obamacare did not mean the president’s liberal supporters would give up on their dream of a federal single-payer health care system. Sen. Tom Harkin, D-Iowa, called Obamacare a “starter home,” and for liberals it is just a first step toward their goal.”
The other goal for the safety net is to radically remake the retirement system. Social Security would remain in place, but progressives are frustrated that 401(k) plans are used mostly by higher-income workers. So they want the government, in Konzcal’s words, to “provide a universal IRA with an automatic enrollment to all Americans, as well as shifting 401(k)s over to a public-private, defined-benefit plan.” Such a scheme would not only involve massive new federal spending, but would also create a vast new pool of previously private money under the government’s control.
That’s the safety net. The liberal “springboard” includes programs like universal taxpayer-paid preschool and guaranteed paid leave for all new mothers and fathers, to “make sure each person has the most opportunity possible.”
The third goal, the “escalator,” is perhaps the most radical. To address continuing income inequality, liberal thinkers propose sweeping redistributions plans. One is to increase the earned income tax credit so that it becomes a government wage subsidy for everyone who makes up to $80,000 a year.
“Another approach,” writes Konczal, “would create an unconditional basic income that rises with GDP growth. The proposal gives every legal resident a cash stipend, usually targeted around the poverty level. This income is universal, so everyone gets it regardless of their income or work status, and it is unconditional.”
READ THE FULL STORY AT THE WASHINGTON EXAMINER The Washington Examiner