President Obama, speaking in Qunicy, IL:
Now, what we’re doing, I want to be clear, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money.
Video at RealClearPolitics.
So I guess the real question is what does he think that point is? Deciding there is a point where one has made enough money is a very slippery slope. It is in essence arguing that at 100% tax bracket is appropriate. Where does this bracket start? At Bill Gates levels? At the line of rich that Obama used during his campaign–$250,000?
This reminds me of an old joke.
A man approaches a woman at a party.
Man: “Will you sleep with me for a million dollars?”
Woman: (pauses) “Well that amount of money would change my life. I feel forced to say yes.”
Man: “OK, will you sleep with me for one dollar?”
Woman: “One dollar!? Sir, I am not a whore.”
Man: “Miss, we’ve already determined what you are. We are now just negotiating price.”I think we can safely say Obama is anti-capitalist at heart. The question really is to what degree.