"At least in Europe, the Socialist leaders who so admire my opponent are upfront about their objectives," McCain said in a radio address. "They use real numbers and honest language. And we should demand equal candor from Sen. Obama. Raising taxes on some in order to give checks to others is not a tax cut; it's just another government giveaway."
The Senator from Arizona is half right. It is a giveaway, but the first part of this transaction is a takeaway. Take away from Person A, give away to person B. This is not creating wealth, but merely redistributing it; reallocating, redispensing, whatever you want to call it, this is what it is.
The wealth has already been created from the work of someone, who does not benefit from it. It is taken by decree and if need be, force. It, then, becomes the property of the person who did nothing to earn it. Call it taxing, spending, or implementing new programs, anyway you look at it, it is still socialism. It is still Robin Hood economics, run amok.
Europe wants it. They understand what it means, they are told what it is and what it means for them. And they overwhelmingly accept these things. There is nothing wrong with that.
But this does not mean the theory will translate well into the American system. The majority of people that create the wealth do not want this to be forced upon them and who can blame them? The harder they work to better themselves the more they are penalized. After awhile they might as well give up and join the ranks of the dependent and there goes our productivity, creativity, and innovative ingenuity. And with it, goes our identity.
If you want to see fair, AICS has put together a simple little table that explains it well. Don't take my word for it, go look at it for yourselves.