[Guest post by DRJ]
I posted recently on a discussion between Barack Obama and an Ohio plumber (he’s since been identified as Joe Wurzelbacher who lives outside Toledo, Ohio) regarding how Obama’s tax plan would increase taxes on a plumbing business Joe wants to buy.
Today, Jake Tapper at ABC News has an expanded transcript on their discussion. You can click on the link for the full discussion but I was interested in this part:
Obama said, “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody. If you’ve got a plumbing business, you’re gonna be better off if you’re gonna be better off [sic] if you’ve got a whole bunch of customers who can afford to hire you, and right now everybody’s so pinched that business is bad for everybody and I think when you spread the wealth around, it’s good for everybody.“
Hot Air has the video.
I feel for Mr. Wurzelbacher. He worked long hours to earn the money to buy a plumbing business and now Obama tells him he will be forced to help everyone who has less than he does. No doubt that includes a few poorer plumbers who will take their tax refunds, as well as special low-interest loans Congress will no doubt vote to give low-income workers, and use these benefits to compete with Mr. Wurzelbacher’s new business.
So while I agree that a good economy should be good for everyone, giving lower-income people money doesn’t translate into good economic times. It’s unfair and it doesn’t last. It’s the difference between giving people fish or teaching them to fish … except it’s even worse because Obama wants to give people someone else’s fish.
Or as Obama puts it: The government is going to make you “spread the wealth around.”