by NO Author Name

Created on: October 22, 2008   Last Updated: October 29, 2008

Recently Barack Obama made the comment "we need to spread the wealth around." Many conservatives are quick to jump on Obama and say he's a socialist. Maybe he is, but where were these conservative capitalist when congress passed the recent Wall Street bailout? They were right there with the socialist liberals, as they call them. Conservatives saw their stocks dropping, 401k's shrinking, and an economy that was on the brink of disaster. The government intervention in the market was justified because of the national security threat of letting the market heal itself.

When Senator Obama talks about spreading the wealth around many conservatives get enraged because they see it as a threat to their standing in society. The need to help the middleclass in America is more of a threat than any bank collapse, precisely because the weak spending power of the middleclass is precisely why we needed to bailout these banks. We are a consumer-based economy living in a global market. The middle class are the driven force behind our economy, and if they can't spend money on products that's when you have a massive collapse in the market. If you are a wealthy or well off individual and have a significant amount of money in the stock market, you should dread the day when the middles class are to pinched to consume. Wealth is not made through income alone, it is made through the stock market.

Imagine a day when the middleclass are not able to buy products, and the damage that would have on small business owners like Joe The Plumber. We need to reinvest in our country and the people with the most need to stop thinking of paying higher taxes as redistribution of wealth. Helping the economy that helped you get your salary is not redistribution; it is smart. Right now we have the biggest election in decades with huge issues like: The Iraq War, global warming, energy independence, infrastructure deficiencies. With all these issues on the table the McCain team have focused their campaign on whether Obama is a socialist or hangs around with terrorists. It sounds like distractions and a lack of solutions on the McCain campaign.

The bottom line in this campaign is that you have one side with solutions, and another side with distractions. When Senator Obama says spread the wealth, he doesn't mean it in a Robin Hood manner. He means we need a tax code that will ensure our economies continuous growth. Taxing the people with the most at a higher rate keeps the economy balanced. Some citizens who will see a hike in their taxes might be short sided and see their incomes shrinking. The reason why economist and people with wealth and education side with Obama is simple; they know that their wealth will continue to grow through the stock market. The economy can't grow without the middle class consuming.

Learn more about this author, NO Author Name.
Click here to send this author comments or questions.