Obama: Your “unneeded money” belongs to the government

◼ ...The income is no longer mine to dispose of as I wish, it is the government’s first and it is the government that decides what I am allowed to keep. This point of view necessarily entails a fundamental denial of individual liberty, of which property rights are a cornerstone, and turns the freeborn citizen into a creature of the State... - Sister Toldjah

(I)t’s not just revealing of the President’s boneheadedness in economics; it’s also a probably unintentional reminder of his true politics, which are deeply rooted in New York and Chicago’s Socialist communities. This is another “spread the wealth” moment that shows Obama is much more concerned with redistribution than with wealth-creation and that government is the proper vehicle for arranging that redistribution. It fits like a glove with the Progressive notion that boards of government experts are better able to decide how an individual will run his life than is the individual himself, and that includes how to dispose of his own money. And as one’s money is one’s property, it strikes at the very idea of property rights.

◼ Obama: Unneeded Income Belongs to the Government - John Steele Gordon/Commentary Magazine