Post by Joe Cocker on Aug 26, 2012 21:44:31 GMT -5
I don't think Santa Rosa will allow the movie in town, I see it's playing in Petaluma.
In 1963, after returning home to Kenya following a stint at Harvard, Barack Obama Sr. wrote an article for the East Africa Journal called “Problems Facing Our Socialism.” There he made the case that high taxes are morally and practically good if the government then uses them to provide for the people.
How high could tax rates rise? “Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100 percent of income so long as the people get benefits from the government commensurate with their income which is taxed.”
Yes, that was not an error. He argued that a 100 percent tax rate can actually work. They taught President Obama’s father some pretty interesting economic theory at Harvard!
Obama Sr. continued: “It is a fallacy to say there is a limit [to tax rates], and it is a fallacy to rely mainly on individual free enterprise to get the savings.”
In the same paper, Obama Sr. advanced the idea of nationalizing all industry and, indeed, most commerce, and all for nationalist and racial reasons. He also wanted to seize the large-scale industries that were developed and owned by Europeans, and he wanted to take away the smaller family-owned businesses that made up much of Kenya’s local economy, because, as was the case in large parts of East Africa, they were owned by Indians.
His reasoning was straightforward: He thought it was wrong for Asians and Europeans to profit from their investments and hard work, even though small businesses provided employment opportunities for Kenyans. Obama Sr. believed that his people were being oppressed not by colonialism but by capitalism. And capitalists.
George Obama thinks such thinking is rubbish. And he thinks such thinking has done great damage to Kenya and other Third World countries. He told D’Souza that at the time of its independence in the early 1960s, “Kenya was on an economic par with Malaysia or Singapore. Look where we are now, and where they are. They’re practically developed and industrialized, while Kenya is still a basket case.”
www.nationalreview.com/articles/.../dreams-his-brother-lee-habeeb?p...
In 1963, after returning home to Kenya following a stint at Harvard, Barack Obama Sr. wrote an article for the East Africa Journal called “Problems Facing Our Socialism.” There he made the case that high taxes are morally and practically good if the government then uses them to provide for the people.
How high could tax rates rise? “Theoretically,” he wrote, “there is nothing that can stop the government from taxing 100 percent of income so long as the people get benefits from the government commensurate with their income which is taxed.”
Yes, that was not an error. He argued that a 100 percent tax rate can actually work. They taught President Obama’s father some pretty interesting economic theory at Harvard!
Obama Sr. continued: “It is a fallacy to say there is a limit [to tax rates], and it is a fallacy to rely mainly on individual free enterprise to get the savings.”
In the same paper, Obama Sr. advanced the idea of nationalizing all industry and, indeed, most commerce, and all for nationalist and racial reasons. He also wanted to seize the large-scale industries that were developed and owned by Europeans, and he wanted to take away the smaller family-owned businesses that made up much of Kenya’s local economy, because, as was the case in large parts of East Africa, they were owned by Indians.
His reasoning was straightforward: He thought it was wrong for Asians and Europeans to profit from their investments and hard work, even though small businesses provided employment opportunities for Kenyans. Obama Sr. believed that his people were being oppressed not by colonialism but by capitalism. And capitalists.
George Obama thinks such thinking is rubbish. And he thinks such thinking has done great damage to Kenya and other Third World countries. He told D’Souza that at the time of its independence in the early 1960s, “Kenya was on an economic par with Malaysia or Singapore. Look where we are now, and where they are. They’re practically developed and industrialized, while Kenya is still a basket case.”
www.nationalreview.com/articles/.../dreams-his-brother-lee-habeeb?p...