Thursday, August 28, 2008

Obama is Interested In Wealth ReDistribution

The NYTimes Magazine article is a very slanted piece with quotes and figures from organizations supporting Obama.

There are a few nuggets that the editors threw in to show some balance to the story. Here is one.

These tax cuts are really the essence of his market-oriented redistributionist philosophy (though he made it clear that he doesn’t like the word “redistributionist”). They are an attempt to address the middle-class squeeze by giving people a chunk of money to spend as they see fit. He would then pay for the cuts, at least in part, by raising taxes on the affluent to a point where they would eventually be slightly higher than they were under Clinton.

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