[FoRK] Obama: Redistributionist, pro-capitalist, or both?

Jeff Bone jbone at place.org
Tue Aug 26 19:11:19 PDT 2008


On Aug 26, 2008, at 8:47 PM, Russell Turpin wrote:

> On Tue, Aug 26, 2008 at 7:27 PM, Jeff Bone <jbone at place.org> wrote:
>> He sets the ceiling at 28%.  That's nearly double.  There's no  
>> reason to
>> think it won't go to the ceiling, either.
>
> Two reasons. 1) "Significantly lower" generally means that. 2) His
> economic advisors are saying 20%. Here's the link:
>
> http://blogs.abcnews.com/politicalradar/2008/08/obama-clarifies.html

OTOH, he's going to have to pay for his $1.5T in new social spending  
--- much of it entitlement --- somehow;  and he doesn't believe that  
e.g. raising cap gains reduces collected revenues, despite all  
evidence to the contrary, plus he's going to be fighting declining  
revenues anyway.  It's the first thing they'll try if they win the mid- 
terms.  I'll take bets now.

jb



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