Tonight on The Ron Reagan Show

Isn’t redistributing wealth what taxes are for?

The Dow dropped today more than 600 points, the wires are reporting “renewed fears that economies in the U.S. and elsewhere are headed into a deep recession,” and so, we’re wondering, who’s going to get us out of this mess?

We’re tackling one aspect of the picture with James Kvall, a senior fellow at The Center for American Progress, which takes issue with some notions of “spreading the wealth.”

The Center argues today that, “Sen. John McCain (R-AZ) has been criticizing Sen. Barack Obama (D-IL) for his belief “in redistributing wealth.” “I’m not going to redistribute your wealth,” claims McCain. However, McCain is absolutely going to redistribute wealth. He is just going to redistribute it to the already wealthy. By doubling down on the Bush tax cuts and proposing $175 billion in tax cuts for corporations, McCain’s policies will exacerbate the already astounding income inequality in the United States.”

Kvall will make his case tonight and we’ll take your calls on the topic.

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One Response

  1. Thank you. I think we’ve always held true in this country that you could start with nothing and someday join the middle class (or beyond). We’ve made a point of giving less well-off people a bit of help. I don’t think we could be socialists even if we tried.

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