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| Ronald Reagan wearing cowboy hat at Rancho del Cielo. (Photo credit: Wikipedia) |
Democrats claim that only their candidates are qualified to redistribute wealth from the rich to the poor. They characterize their adversaries, the Republican Party, as the party of the selfishly wealthy. Republican policies, Democrats say, are designed to seize wealth from the working class and poor and funnel it to the richest so the wealthiest few can hoard it. Consequently, they predict that under Republicans the working class and poor become worse off. In other words, Republican policies have the affect of allowing the rich to get richer while the poor get poorer.
An Obama supporter, on the other hand, would predict that Obama’s administration would improve the economic well-being of the middle class and poor. The rich would have less money under Obama, since he would redistribute it to the poor. Since Obama and his party dominated the Federal Government for two entire years and had the means, motive and opportunity to pass any bill to promote their redistribution goal, it is fair to say Obama’s tenure can be used to fairly appraise the efficacy of redistribution policies.
If wealth were seized by Obama and redistributed to the working class and poor, one could measure this redistribution through standard national measures including wage growth, median income, labor force participation, unemployment, and growth in wealth, and see improvement in all these measures. These measures can then be compared to the results of the policies of Ronald Reagan, the Republican president who allegedly acted to help the rich keep more of their money.
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Articles: Republicans Redistribute Wealth Better than Democrats
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