Obama: Social Democrat?

Barack Obama has come up with a new, unprecedented plan
to tax US companies for what they make abroad. RT talks to the Cato
Institute's Chris Edwards, Michael Lind of the New America Foundation, and
the president of 'Amercians For Tax Reform', Grover Norquist. They explain
what will happen if Barack Obama is successful in enacting some of these
economic changes and answer the question: is he moving the
U.S. towards a more European Economic System?

Category:

News & Politics

Tags:

• Obama
• tax
• plan
• US
• Chris
• Edwards
• Michael
• Lind
• Grover
• Norquist
• economy
• European
• Economic
• System

[SiLeNtXaViOr]

What's wrong with social democracy? I've lived with it...

[NIRL91]

Obama is absolutely not a social democrat, perhaps slightly social liberal but these are quite different

[iMariuz]

@SiLeNtXaViOr yeah, American's seems to have an unrational fear of social democracy cause they think that it's communism and totalitarinism. Even though facts and international rankings shows that the Scandinavian countries ranks skyhigh in living standard, democracy, freedom for journalists, low crime rates, low poverty etc. Doesn't seem to be much to be afraid of right?

[GunsNRosesbitches]

@PavedStones Yeah, blame it on the wealthy so you can demand a bailout for yourself by taking back what's supposedly owed to you. Nothing is owed to you. Let me ask you a question. Why have real wages in the US stagnated?

[GunsNRosesbitches]

@thesocialdemocrat Seeing the circumstances that Hong Kong developed out of, social democracy would have NEVER made Hong Kong the thriving city it is today.

[Tuppoo94]

@SiLeNtXaViOr I LIVE with it and have nothing to complain about.

[ElBarto3131]

In Europe Obama is still a right wing candidate.

[mysticresistence]

Indeed, countries with high taxes are doing AWFUL. Take Denmark for example, what with its unemployment rate a third less than that of the US and its healthcare for all and its 3% poverty rate. Heck, Brazil did the same thing and they had the AWFUL result of seeing extreme poverty cut in half, unemployment plummet and saw GDP growth in 2008 while most of the world saw a recession. Yep, we have the keep the corporations happy and have no taxes, just like in Somalia. It worked for them, right?

[markbelfast94]

''Ireland is a successful low-tax country.'' Bullshit.

1 in 9 people in Ireland are unemployed and the country's financial institutions are a complete mess. That guy who said that in the video couldn't possible believe that unless he means its successful for the elite of society.

[TheJosephPrice]

Obama is not even close to being a Social Democrat. 

[mdsatan]

@PBNkapamilya Most social democrats I know have no intrest towards Marx or Engels. It is all about helping those who need help and bring justice via the government.

[thesocialdemocrat]

Oh, Ireland is a superb example of a sucessfull low tax country lol these neoliberal idiots are so funny. Hong Kong is less sucessfull than Luxembourg, which has a higher taxation. But in general you can not compare a city with big countries. These cato-idiots don't know what they are talking about.