Blogs > Liberty and Power > Transfer of Wealth

Jun 15, 2009 10:13 pm


Transfer of Wealth



When America elected Barak Obama almost everyone thought there would be new massive transfers of wealth from the rich to the poor in the socialist tradition. What we did not know is that the money would be mostly moving in the other direction.

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Mark Brady - 6/17/2009

I don't think most of the support for Obama's "hope and change" message was based on an expectation there would be "new massive transfers of wealth from the rich to the poor in the socialist tradition." And I suggest many Republican supporters used this suggestion to scare voters into supporting the Republican ticket.

And given the huge financial support from Wall Street and elsewhere for Obama over the years, it's clear that important interests knew he was a "safe pair of hands."


Keith Halderman - 6/16/2009

I think the people who supported Obama expected it as their due, while libertarians and conservatives felt it was the main reason Obama should not be president.


Mark Brady - 6/16/2009

But did "almost everyone [think] there would be new massive transfers of wealth from the rich to the poor in the socialist tradition"?

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