Obama: I do think at a certain point you’ve made enough money

Yesterday Obama was giving a speech on Wall Street reform in Quincy, Illinois. During the speech, Obama let his mask slip and once again we caught a glimpse of his inner Socialist. 

From Hot Air: We’re not, we’re not trying to push financial reform because we begrudge success that’s fairly earned. I mean, I do think at a certain point you’ve made enough money. But, you know, part of the American way is, you know, you can just keep on making it if you’re providing a good product or providing good service. We don’t want people to stop, ah, fulfilling the core responsibilities of the financial system to help grow our economy. 

Of course he begrudges success, otherwise why should anyone have any sort of ceiling on his or her earning potential? What is a certain point anyway? Is that point the same for everyone or just for people who do not think like Obama? Who gets to decide what is enough? The whole share the wealth nonsense is so damn arbitrary. Some silly despot gets to pick winners and losers at a whim.  No thanks; I will stick with Capitalism. So long as you are earning your income honestly, who the hell has any right to say enough is enough?

I think this type of thinking comes from the fact that many on the left view wealth as finite. They look at the nation’s wealth as a great big pie where everyone gets a cut. Most of us on the right view wealth as dynamic, kind of like a balloon that can expand and contract for everyone.

The other thing about Obama’s remark, that Ed Morrissey catches, is how Obama views the role of the private sector.

... Furthermore, 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. 

So true, people do not go into business for the government, or the economy or reasons of social justice. People go into business for themselves. In that process of self-enrichment, others can benefit too, in the form of jobs, technical innovations or better services.  For Socialists/ Statists like Obama, control of those benefits is really what they are all about.

Via: Memeorandum

Via: Hot Air