The Least, First

Monte Asbury's blog

Is it honest to call it “socialism?”

with 2 comments

Morning Joe

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The S-word is back.

For example, watch Morning Joe get exercised about the stimulus proposal’s tax refund to people of low income, followed by analysis from ThinkProgress:

clipped from thinkprogress.org

Joe Scarborough: Obama’s Trying To ‘Buy Off People’ With ‘Pure, Straight Socialism’»

SCARBOROUGH: “You’re not going to get Republicans to line up and support tax cuts for people who don’t pay taxes […] It’s not even welfare. […] If you want pure straight socialism, if you want to buy off people, do that.”
There are enormous problems with this analysis. First, Americans benefiting from the tax cut do pay taxes — sales taxes, payroll taxes, social security taxes — even if they don’t pay income tax. In fact, those in the lowest income bracket pay about 4.3 percent of their income to federal taxes. […]The tax credit isn’t some kind of charity; it’s one of the most effective kinds of tax cuts in terms of stimulating the economy. Moody’s chief ecomomist Mark Zandi showed that the refundable tax credit gives the economy a far greater “bang for the buck” than non-refundable tax cuts, corporate tax cuts, or making Bush’s tax cuts permanent, the “solutions” proposed by conservatives:
blog it

Follow the link for Zandi’s numbers.

Meanwhile, if the tax refund plan is indeed a refund, and if can be shown to be among the most quickly effective tax changes for stimulating the economy, isn’t it what we’re looking for?

And didn’t they teach us in high school that socialism was when the government owns the means of production?  Just how is it that tax refunds accomplish that?

I don’t recall learning that when poor people spend tax refunds at American businesses, capitalism is on the way out.  It would seem just to have just the opposite effect.


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2 Responses

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  1. Fair to call it socialism? Depends, if by socialism you mean scientific socialism/Marxism/communism then no. As socialism light (very light) then yes.

    ralfast

    February 11, 2009 at 8:44 am

  2. i just can’t figure that guy out….joe that is.thank goodness-lol-the day he starts making sense to me? will be the day the rest of the villagers will be securing me under that rock they just put me under…………..i can see how D.C. runs askew though-i am sure there are alot of “joe’s” there-flexing and spewing.

    Monte says: I know. He knows how to say what he says in language that gets lapped up by some, accurate or not.

    karen todd

    February 3, 2009 at 12:28 pm


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