Okay let's look at key specifics of Obama's proposed budget:
- Allow Bush tax cuts on top earners to expire
- Raise capital gains on top earners from 15% to 23%, lower than what it was under Reagan
- Reduce spending on entitlements
- Index Alternative Minimum Tax for inflation to reduce households affected
- Lower estate tax exemption from $5 million to $3 million and keep the rate at 35%, lower than what it was under Bush
Calling this "socialism" is patently silly. It's a variation of the same system we've always had (whether you call it capitalism or socialism).
Of course, I didn't call the items in your minimal list "socialistic". Rather, I refer to a larger governmental agenda which only
includes increasing taxes.
(Note that your list doesn't address other things which affect tax collection & actual rates, eg deductions, income classification, bracket creep.)
But certainly, if a prez increases government spending & tax revenue (per citizen & adjusted for inflation), that would point in a socialistic direction.
If he reduces both, then this points away from socialism. Thus, I also consider GW Bush socialistic...no less so than Obama.
Reference:
- I should point out again that in a country which isn't socialist, politicians & policies which steer the country in that direction I would call "socialistic".
Some posters should carefully note that this is not to say that the policies fully implement strictly defined socialism.
- Regarding "ownership of the means of production", the word "ownership" requires some elaboration. Consider how it's used in real estate. To "own"
property is to have what is called a "bundle of rights". Let's say that you have 100 rights to use your property, eg, to farm, to hunt, to build, to mine.
If government takes away 1 right.....let's say the right to build because of zoning....or the right to farm because of wetlands regulation, this reduces
the number of rights in your "bundle", which is effectivelya reduction of ownership. Even though government hasn't taken the property in the conventional
sense of condemnation & taking title, it is nevertheless a taking. Courts have even awarded compensation to owners in cases of a taking of great economic
value. Now, back to the bundle of rights concept....the more rights taken by government, the more this scenario heads in the direction of functional
ownership by government. I emphasize that this is not full ownership...just movement in that direction.