Obama Disses Rand?

A deliberate comment on the Rand philosophy, or just a coincidence?

“The point is, though, that — and it’s not just charity, it’s not just that I want to help the middle class and working people who are trying to get in the middle class — it’s that when we actually make sure that everybody’s got a shot – when young people can all go to college, when everybody’s got decent health care, when everybody’s got a little more money at the end of the month – then guess what? Everybody starts spending that money, they decide maybe I can afford a new car, maybe I can afford a computer for my child. They can buy the products and services that businesses are selling and everybody is better off. All boats rise. That’s what happened in the 1990s, that’s what we need to restore. And that’s what I’m gonna do as president of the United States of America.

“John McCain and Sarah Palin they call this socialistic,” Obama continued. “You know I don’t know when, when they decided they wanted to make a virtue out of selfishness.”

In the same speech, Obama goes on to suggest that he’ll be criticised as communistic for sharing his toys as a child, or for splitting his “peanut butter and jelly” sandwiches at school.  Of course, this is nonsense.  It would have been a different case, however, had he taken lunches from other students to spread the food around.

Are the Rich undertaxed?

There’s been a lot of Robin Hood politics of late, with talk of punishing “the rich” and giving more to low income earners. I’m certainly no fan of middle-class welfare, but should higher income earners be paying a higher percentage? The following stats come from this ATO document (excel file) which show the percentage of income tax paid by percentile:

Percentile % Income earned % tax paid
Top 1 9.4 16.5
Top 5 20.8 32.3
Top 10 30.3 43.6
Top 25 51 65.1
Top 50 75.1 86.3

Thoughts?

Socialised Childcare?

Kevo brought this to my attention in the Discussion thread:

“KEVIN Rudd has pledged to keep a close eye on ABC Learning Centres to protect parents…..”

Bad luck for staff, shareholders, suppliers etc if the thing sinks (whatever the merits of Mr Groves kiddy empire).  And interesting prioritisation of his time by the PM.

The main game seems to remain the wildly endangered Australian species “Working Families”.

My mother maintains this is a euphemism for ‘working class’, but it seems a lot less inclusive to me..what if you aren’t working, not married and/or don’t have kids – Kevin and Julia don’t want to know you or what ?

And they have a poll you can participate in – “should childcare centres be run for profit ?”.  Do a have a click to see what folks in your local area think, but no prizes for guessing what the majority of participants want  (Freebies, freebies).

The way this trend is going I would like to suggest a simpler poll would be “What do Working Families actually believe they SHOULD pay for themselves ?

a) widescreen plasma TVs
b) holidays
c) movie tickets
d) all of the above, or
e) none – The Gov’mnt should pay for everything – they’ve got piles of money and we are just Working Families”

Or I am getting unduly cynical ??

I guess we shouldn’t be that surprised: they’ve already been talking about free childcare.  But the real depressing thing is the number of people who would applaud a government takeover.  After all, another Australian headline declares “Parents hope market won’t steal their centre

Perhaps some of these shareholders were merely rent-seekers anyway, hoping to profit from further government childcare subsidies… Actually, that thought makes me feel a little better.