Monday, October 29, 2007


John Edwards wants to institute New Deal-like programs to fight poverty and stem growing wealth prosperity ... if he is elected President. The "if he's elected president" part means that we don't have to worry about Edwards right now .. but his ideas are typical big-government Democrat. Edward's poverty fighting program will require him to ask Americans to make sacrifices like paying higher taxes. Rich Americans, that is.

Edwards says the federal government should provide universal pre-kindergarten, create matching savings accounts for "low-income" people, mandate a minimum wage of $9.50 and provide a million new Section 8 housing vouchers for the poor. He also wants to start a government-funded educated program called "College for Everyone."

To pay for it ... increasing the capital gains taxes because "taxes on 'wealth income' should be in line with those on work income." And to top things off, Edwards says that it is important to "share in prosperity, and that "people who have done well in this country, including me, have more of a responsibility to give back."

Where do I start? Let's just attack this with some quick bullet points.

  • Raising capital gains taxes to the extent Edwards wants would chase billions, perhaps trillions of dollars of capital out of this country. Already we have $13 trillion dollars of American wealth working overseas to escape our tax system and politicians like Edwards.
  • Universal pre-kindergarten? This is just the government getting its hands on your children at an earlier age .. before you can instill values like freedom and individuality in their fresh little minds.
  • Raising the minimum wage? A perfect ploy for Democrats. "Vote for us and we'll make your employer pay you more money ... whether you're worth it or not."
  • More Section 8 welfare housing? Same stuff. "Vote for us and we'll take money from those evil rich people to buy you a place to live." Nothing ruins a neighborhood quicker than Section 8 housing. Edwards obviously believes that it is the government's role to provide people with a place to live. I would rather live next door to a hooker than to someone using Section 8.
  • "College for everyone"? Not everyone is capable of college level work. Who the hell does Edwards think is going to cook the French fries?

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