“The American people will never knowingly adopt Socialism. But under the name of ‘liberalism’ they will adopt every fragment of the Socialist program, until one day America will be a Socialist nation, without knowing how it happened.”

Socialist Party presidential candidate Norman Thomas


Tuesday, February 08, 2011

Obama keeps meddling in private enterprise

You don't think Obama's a redistributionist? Socialist?

From RealClearPolitics -- "If we're fighting to reform the tax code and increase exports, the benefits cannot just translate into greater profits and bonuses for those at the top. They have to be shared by American workers.

First, if American workers want to share in the profits of their employer, they are welcomed to buy shares of that company. If the shareholders are unhappy with the distribution of profits by the board of directors, then attend meetings and vote for new directors who promise to limit executive bonuses and increase stock dividends. Alternatively, if a worker is unhappy with the how much he is paid, get a different job. Nobody is holding a gun to his head.

Furthermore, it is not a legitimate function of government in the first place, to dictate how a board of directors distributes profits. Obama already crossed that particular Rubicon though, when he forced the CEO of GM Rick Wagoner to resign over the objections of the board of directors.

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