Shocking: 20% of America's wealth is redistributed...

Barack Obama is most pleased with this news...

WASHINGTON — If you doubt there’s an American welfare state, you should read the new study by demographer Nicholas Eberstadt, whose blizzard of numbers demonstrates otherwise. A welfare state transfers income from some people to other people to improve the recipients’ well-being. In 1935, these transfers were less than 3 percent of the economy; now they’re almost 20 percent. That’s $7,200 a year for every American, calculates Eberstadt. He says that nearly 40 percent of these transfers aim to relieve poverty (through Medicaid, food stamps, unemployment insurance and the like), while most of the rest goes to the elderly (mainly through Social Security and Medicare).

By all means, let’s avoid the “fiscal cliff”: the $500 billion in tax increases and federal spending cuts scheduled for early 2013 that, if they occurred, might trigger a recession. But let’s recognize that we still need to bring the budget into long-term balance. This can’t be done only by higher taxes on the rich, which seem inevitable. Nor can it be done by deep cuts in defense and domestic “discretionary” programs (from highways to schools), which are already happening. It requires controlling the welfare state. In 2011, “payments for individuals,” including health care, constituted 65 percent of federal spending, up from 21 percent in 1955. That’s the welfare state.

Flashback: Obama Admits “I Actually Believe In Redistribution” Of Wealth…

In case anyone still has any doubts.

Unlikely: Obama claims he isn't trying to “Redistribute Wealth”

The BS from Obama is getting deep. Man the lifeboats.

Via Washington Examiner:

President Obama, who famously called for tax increases on the wealthy to “spread the wealth around,” denied today that his tax increases on the rich are an attempt to “redistribute wealth.”

“So these investments — in things like education and research and health care — they haven’t been made as some grand scheme to redistribute wealth from one group to another,” the president said today at Florida Atlantic University. “This is not some socialist dream,” Obama added as he called for tax increases on millionaires today to pay for those investments.

Keep on reading…

UN Top Officials brainstormed how to use "green economy" to redistribute worlds wealth

Via Fox News:

At a closed-door retreat in a Long Island mansion late last October, United Nations Secretary General Ban Ki-moon and his topmost aides brainstormed about how the global organization could benefit from a “unique opportunity” to reshape the world, starting with the Rio + 20 Summit on Sustainable Development, which takes place in Brazil in June.

A copy of the confidential minutes of the meeting was obtained by Fox News. According to that document, the 29-member group, known as the United Nations System Chief Executives Board for Coordination (CEB), discussed bold ambitions that stretch for years beyond the Rio conclave to consolidate a radical new global green economy, promote a spectrum of sweeping new social policies and build an even more important role for U.N. institutions “ to manage the process of globalization better.”

At the same time, the gathering acknowledged that their ambitions were on extremely shaky ground, starting with the fact that, as Ban’s chief organizer for the Rio gathering put it, “there was still no agreement on the definition of the green economy, the main theme of the [Rio] conference.”

But according to the minutes, that did not seem to restrain the group’s ambitions.
Its members see Rio as the springboard for consolidation of an expanding U.N. agenda for years ahead, driven by still more U.N.-sponsored global summits that would, as one participant put it, “ensure that the U.N. connected with the roots of the current level of global discontent.”

Citing a CEB high-level committee report entitled Moving towards a fairer, greener, and more sustainable globalization, a top CEB staffer, Elliot Harris, told the gathering that the issue was not to reverse globalization, “but rather to harness it to generate better outcomes.”

Among other things, the clearly left-leaning report underlined that “inequity” was the “single greatest challenge and threat” to the world, and that “any new approach needed to address the root causes of the imbalances,” which the report associated with the “liberalization of trade and finance.”

Keep on reading…

71% of Democrats Support Redistributing Wealth

Now you understand why President Obama and the leaders of the Democratic party want to redistribute your wealth.

From Gallop: