Some of the most revealing glimpses into Obama’s true ideology comes when he goes off ‘prompter. Perhaps the most striking example of this was his October/08 quip to Joe the Plumber about “spreading the wealth”. That is, until now.
Obama thinks there’s a limit to how much a person should be able to earn in this country? What does he think the cap should be? I assuming that the government would take all monies earned that exceed what is allowed… Is he perhaps signaling a future financial reform? Putting up a trial balloon?
Ed Morissey notes a fundamental misunderstanding Obama has of the entrepreneurial spirit, which fuels capitalism:
… the responsibility of an entrepreneur isn’t to “grow our economy,” core or otherwise. It’s to grow his own economy. In a properly regulated capitalist system, the natural tension of self-interests create economic growth through innovation and efficient use of capital and resources.
Put simply, a free people work for themselves, not for the government. Barack Obama seems to have a problem understanding that.
I really don’t care how much a person makes, as long as he’s playing by the rules. The sky should be the limit.