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Milton J. Madison - An American Refugee Now Living in China, Where Liberty is Ascending

Federalism, Free Markets and the Liberty To Let One's Mind Wander. I Am Very Worried About the Fate of Liberty in the USA, Where Government is Taking people's Lives ____________________________________________________________________________________________ "Extremism in defense of liberty is no vice. Tolerance in the face of tyranny is no virtue." -Barry Goldwater-

Wednesday, April 29, 2009

Another thought of the day....

For those class warfare leftists....
Upward mobility is alive and well in the United States, at least until Obama took over. A study conducted in the late 1990s examined the economic fate of those consigned to the bottom 20% of incomes in 1980. The analysis concluded that more than four out of five had left the bottom quintile and one in five was now in the top 20%! It is true that the top quintile is getting richer while the bottom is getting poorer, but the bottom is not the same people. There is, fortunately, a constant churning at the bottom as new immigrants move in and those who used to be on the bottom begin their long, thrilling, upward climb to the American dream.

But Obama does not believe in individual upward mobility. He would penalize it, tax it, regulate it, inveigh against it, and disincentivize it. We will be like salmon swimming upstream to mate. We will overcome the currents, the waterfall, the rocks, the predators and will grapple our way up the stream. Then, at the top of the waterfall, will stand Obama the Bear, waiting to scoop us up and have us for dinner. The taxman cometh.
From here.

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