In The Communist Manifesto, Karl Marx theorized that a social class is formed when its members achieve class consciousness and solidarity; those who make up the social class decide that they are being used and abused by those who hold power over them, by means of money or station in life. That is when the class conflict, or class warfare begins as each social will then bond together over their shared interests and form a common identity.
According to Marx, the lower or working class (Proletariat) will rise up against the Bourgeoisie who are exploiting them.
In Marxist theory, the period after the proletarian revolution – when a society evolves from capitalism to communism is called socialism.
Sen. Jim DeMint (R-S.C.) said President Obama is practicing “venture socialism” with his jobs proposal.
The conservative Tea Party favorite played off the term “venture capitalism” in criticizing Obama’s ideas for improving the economy.
“I would love to be able to work with the president on something, but he’s basically practicing what we call venture socialism. He’s basically taken the approach where it’s the government that needs to stimulate jobs,” DeMint said Wednesday on Fox News’ “On the Record with Greta Van Susteren.”
DeMint said the difference of opinion on the government’s role in job creation between some Democrats and Republicans makes it difficult to compromise on economic issues.
“There are a number of Democrats … and this is the scariest thing of all, who really believe that government spending is the major part of our economy,” DeMint told Van Susteren.
He added that there is a “polar-opposite vision” on what makes America work.
DeMint called for a moratorium on regulation, reform of the tax code and an opening up of energy supplies to help create jobs.
“It’s not that we’re not willing to work with [Democrats] and compromise in a lot of ways, but the president has just sold out to big labor, to radical environmentalists — and this isn’t a partisan comment — all you have to do is look at every bill he’s tried to pass,” DeMint said.
Evidently, Obama’s venture socialism pays pretty well…for his friends, anyway.
The United Auto Workers union won $5,000 signing bonuses and the possibility of sweeter profit-sharing checks as part of a new four-year contract with General Motors Co., two people briefed on the talks said Saturday.
The deal, which was reached late Friday, also includes a $2- to $3-per-hour pay raise for entry-level workers over the life of the contract and guarantees more union jobs, the people said.
Both persons asked to remain anonymous because the details of the contract haven’t been reviewed by all local union leaders.
The GM deal will serve as a template for contracts that still must be negotiated with Chrysler Group LLC and Ford Motor Co. It would set the pay and benefits for 112,500 U.S. auto workers. It also sets the bar for pay and benefits at nonunion auto companies and other industries across the country.
The contract is the first since GM and Chrysler received government bailouts to make it through bankruptcy protection in 2009. GM earned $4.7 billion last year.
Workers have to approve the deal before it can take effect. A vote is expected within 10 days.
In addition to the bonuses, workers could get profit-sharing checks that exceed the $4,000 that workers earned last year.
However, Obama does not plan on rewarding those Americans who actually create jobs and hire other Americans, thus providing “fuel” for America’s economic engine.
Obama is proposing a new base tax rate for the wealthy today as a part of a long term deficit reduction. This tax hike is supposedly meant to make sure that millionaires pay at least at the same percentage as middle income taxpayers. You know…sharing the misery, instead of sharing the wealth.
The desperately flailing chief executive has decided to call it the “Buffett Rule,” in honor of Warren Buffett, the billionaire investor who, in a New York Times op-ed piece last month, complained that rich people like him pay a smaller share of their income in federal taxes than middle-class taxpayers.
According to Buffett, he and his rich friends “have been coddled long enough by a billionaire-friendly Congress.”
The tax rate increase on the upper class would be in addition to $447 billion in tax hikes on us regular Americans that Obama is seeking in order to pay for his short-term spending and tax cutting plan which he euphemistically named the American Jobs Act.
During an interview for Thames TV This Week on Feb. 5, 1976, Margaret Thatcher said:
…and Socialist governments traditionally do make a financial mess. They [socialists] always run out of other people’s money. It’s quite a characteristic of them.