HILLARY'S INCOME TRANSFER SCHEME
You've heard the latest, haven't you? This one came out last Friday afternoon. Hillary (please sit down) wants for the federal government to "give" every baby born in America a $5,000 account that can start growing and earning interest so that by the time this kid turns 18 they'll have money to go to college.
No .. I'm not kidding. She actually came out with this idea at a speech before a Congressional Black Caucus forum. It's a brand new entitlement program, courtesy of Hillary Clinton.
Just think about it! Download a baby, and presto!, the taxpayers owe your new child a cool five thousand!
This is pure Hillary Clinton. This is a woman who believes that America is government. If government decides that every new baby gets five grand, then that's all there is to it. Every new baby gets five grand.
Where does it come from? Oh, come on now. Ask Hillary and she'll just tell you it comes from the government. If you ask her where the government is going to get the money, she'll prattle on about repealing the Bush tax cuts or some such nonsense. Bottom line? A new entitlement program. Here's your birth certificate, here's $5,000, and welcome to America!
Let me tell you how Hillary's idiotic little income redistribution idea is going to work out in real life --- after, that is, the young single women of this country make her our next president.
First we'll have to figure out whether or not the five grand baby bonus will be paid to a baby born in this country of illegal aliens. Well of course it would! After all, the baby's a citizen, isn't he? We certainly don't want to discriminate. So .. here's a scenario that will become all-too common. Consuelo lives in Tijuana. Consuelo is pregnant .. bulging, wide-eyed pregnant. Sus roturas del agua. Consuelo heads for the border ... eager to get to the emergency room of a U.S. hospital. And why would that be? Why, so her baby can get it's $5,000, that's why? You couldn't figure that out on your own? Must be government educated. Pity.
Another question. Just how will the parents be able to invest the baby's money?
You can be sure there will be restrictions. Maybe this would be a good time to resurrect the Democrat's idea of "economically targeted investments." Maybe the law would say that you could only invest the money in stocks of a company that is deemed to be "union friendly!" Or maybe it could only be invested in savings institutions that show the politically correct inclination to make loans to minorities with bad credit and job histories!
How would the baby bonus play out around election time? Well, that's a simple enough question to answer. The Democrats would have two stock campaign tactics ready for each election: (1) Vote for me and I'll raise the baby bonus to $6000! A sure winner with every pregnant or hoping-to-be pregnant voter out there. (2) Vote for a Republican and they're going to take your baby bonus away!
What happens when spending gets a little tight? This one's simple also. Democrats will suggest that the baby bonus get phased out for people in upper income brackets. In other words, stiff the high achievers. In order to increase the baby bonus for lower and middle income parents, the Democrats will phase it out for the minority who earn the higher incomes. The math is so simple you should be able to figure it out even if you went to a government school. There are more households who make under $200,000 a year in this country than there are those who make more. Cut off the baby bonus for the evil rich, increase it for the poor and middle income types --- and the votes come rolling in.
Remember Hillary shrieking "I want to take those profits" after Exxon Mobile posted a rather hefty profit figure? Sure she wants to take those profits. She already thinks they belong to her anyway! This is a woman who harbors a gut belief that every penny you earn belongs to the federal government. You are to be allowed to keep just enough of what you earn to keep you fat and reasonably complacent. Beyond that, it's hers, and she will throw it around the way she pleases.
Hold tight, my friends. There's sure to be more Hillary absurdities on the way.