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Updated about 12 years ago on . Most recent reply

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Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
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Obama LOVES redistribution of wealth-even if NBC won't admit it!

Rich Weese#2 Off Topic Contributor
  • Real Estate Investor
  • the villages, FL
Posted

Those that actually read news and watch actual news programs (doesn't include NBC and msnbc) have heard the tape of Obama "loves re-distribution". WH has admitted tape is accurate, but andrea mitchell says nbc can't verify it. What a farce.

Anyway, how about this.

Median income in 2011 was either flat or down by up to 6.2% for ONE year in 49 of the 50 states. Gee, then I checked out where this money might be going and checked the top 10 WEALTHIEST counties in the U.S. 7 of the 10 are suburb counties around Wash DC! Federal lobbyists, federal workers, and federal contractors. Good to see some are doing well --on our dime..... Rich

p.s. Of course, our income is also being distributed to those receiving all the freebies as the "poor".

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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
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  • Springfield, MO
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Bill Gulley#3 Guru, Book, & Course Reviews Contributor
  • Investor, Entrepreneur, Educator
  • Springfield, MO
Replied

Keith Lutz, good post! No, I don't have stats on that twenty years, I just noticed more of it as I lived through it, now let's define redistribution so that we know what we are talking about. I'd say that it's the taking or collection of assets, including natural resources, and distributing benefits, money or resources to those who may qualify to recieve them.

So, with that, social security is a redistribution, so are food stamps, so are tax credits, so are closed auctions of public resources to selected companies (think oil leases here) let's not forget VA benefits or those HUD rents under Section 8 that some here like to pay for their properties and we should probably throw in that $1000 toilet seat on a air force plane. Yes, I'd say the accepted waste in government contracting that pads bids goes in that category. A good example might be the cost of paying 40 members of a military band to play music for a visiting general officer at some post. Think about that, government money spent for a concert instead of those guys training at the firing range or getting other training so that their primary mission of being a warrior become more proficient. Yes, I know, it's picking, but we pay for it.

Where you you put the guy that purchased something like 600+ properties from Philly (or where ever it was), there was no bidding involved, the guy made an offer at a really deep discount, obviously way below market value and the city took his offer. Was that really in the best interest of the city or government, were those resources distributed to an individual providing a benefit to him? Sure it was.

So, the redistribution of wealth or government funds is not limited to food stamps, there has been an economic distribution for decades, that's the American way! :)

So, if I get some benefit, like a tax credit for providing low-mod housing, that's Okay, but if some single mother gets food stamps or milk for the baby, that's just wrong. I'm shrued and she is a moocher. I don't think so. Taking advantage of those systems and programs offered by government, if done above board in good faith, as designed and intended, is not a bad thing, you do take tax advantages don't you, like credits for your kids.

Obama was talking at a meeting, not a speech, 14 years ago about the allocation of resources and redistribution of those resources to a more efficient government.....but the pubs took it out of context as is always done, spin it and say something else. Actually, Romney said he believed in the redistribution of assets as well, his health care plan is a good example of government benefits.

And, we have a real victory today, Romney will now release the 2011 tax returns.....lol! Actually, I can't bark too loud as some of my years of net taxes paid were a little lower too. Ooops, the tax code, another example of the redistribution of wealth and income. :)

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