Barack Obama: An Adam Smith Capitalist

From Smith’s The Wealth of Nations:

The necessaries of life occasion the great expense of the poor. . . . The luxuries and vanities of life occasion the principal expense of the rich, and a magnificent house embellishes and sets off to the best advantage all the other luxuries and vanities which they possess. . . . It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.

OMG WTF!!nineeleven!!1 Progressive, marginal taxation isn’t socialist after all. It’s . . . it’s . . . CAPITALIST. Samuel the Non-Plumber, John McCain and Federal Office of Xenophobia News are lying to us! Whatever shall we do?!

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