Socialism…really?

Wikipedia defines socialism as “a broad set of economic theories of social organization advocating state or collective ownership and administration of the means of production and distribution of goods.” Given this, will someone please explain to me how Obama’s tax policy makes him a socialist?

Obama is proposing to return the highest tax bracket from 36% to 39%…a mere 3 percentage points. This is a return to tax levels before the Bush tax cuts. We are not talking about tax levels that have never before been seen. Further, our country has always had a progressive tax policy, meaning that the people who make the most money pay the most taxes. This idea is not Obama’s. Reagan was actually a big proponent of it. And it doesn’t amount to socialism.

Now, McCain has proposed to have the government buy up bad mortgages. Doesn’t that sound more like socialism than Obama’s tax policy?

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