On October 12, 2008, three days before the final presidential debate, Obama met residents in Wurzelbacher’s Ohio neighborhood. … As ABC News cameraman Scott Shulman recorded the conversation, Wurzelbacher suggested that Obama’s tax plan would be at odds with “the American dream.” Wurzelbacher said, “I’m getting ready to buy a company that makes 250 to 280 thousand dollars a year. Your new tax plan’s going to tax me more, isn’t it?”
Obama responded with an explanation of how his tax plan would affect a small business in this bracket…. “It’s not that I want to punish your success. I just want to make sure that everybody who is behind you, that they’ve got a chance at success, too… and I think when you spread the wealth around, it’s good for everybody.”
It turns out one of Joe’s book suggestions is:
The Theory of Money and Credit by Ludwig von Mises. The book is a 1912 study of monetary theory. It brought monetary theory into the mainstream of economic analysis. It is important reading for these troubled times.
Joe the Plumber has read Mises!
Just think: one plumber who has read Mises rocked the Obama campaign for days. If one educated American can have such an effect, imagine what would happen if just 5% of Americans read good economics and good philosophy. The welfare state would be seriously challenged. It might even be over.
Now we see why our public education system fails. They can’t afford to educate the people. If they did, they’d be teaching themselves out of a job.