The dictatorship of the middle class
While unreconstructed leftists like the losers at The Double-Standard talk blithely about "trickle down economics," they appear blithely unaware that perhaps the best example of "trickle down" currently in operation is Labour's Welfare for Working Families -- the govt takes money taken from you by force, clips the ticket and gives a small portion back, in return for you showing your gratitude in the appropriate way: in the voting booth.
They're also unaware that their American hero Barack Obama -- who Oprah Winfrey calles "The One" and John McCain calls "that one" -- has now moved on to something new: Trickle Up Economics. Michael Hurd explains:
Sen. Barack Obama's philosophy of wealth creation should be called "trickle-up" economics. He believes, and states over and over again, that the worker - and the middle-class employee - is the central unit of economic activity. Karl Marx had a name for this idea. It was called the labor theory of value.
Marxists and Obama liberals believe that the little guy creates wealth and that the rich (i.e., those making more than $200,000 a year) steal that wealth from the little guy. Obama liberals see their mission as one of returning that wealth to the little guy. Incredibly, they not only see this as morally just; they see it as economically feasible and desirable. They actually believe this is the way to create and expand wealth.
The next time you hear Mr. Obama say, "Let's spread the wealth around," this is what he means. It means he ignores the indispensable contribution of the innovator, the risk-taking entrepreneur and the capitalist. You ignore them at your peril because these are the originators of wealth. Without them, there will be less and less wealth for Mr. Obama to redistribute.
The politicians don't care if there's less wealth around. But you should.