Obama's Housing Plan--Another Wealth Redistribution

We are witnessing the greatest wealth redistribution scheme in a generation. First off, his stimulus package calls for $400 payments to the roughly 35 MILLION taxpayers that have NO tax liablility (i.e. don't owe federal taxes at tax time). This amounts to a redistribution of approximately 14 BILLION dollars to people who did not earn it and therefore do not deserve it, of course taking it from people who do earn it. 

Most, if not all, of these refundees make less than $32,000 a year (I am assuming this since 47% of the population fits into this category and 40% don't have tax liability), therefore they are already benefiting from the pre-existing 40% reduction in taxes compared to those who make up to $80,000 (15% tax liability versus 25%, respectively). Obama calls this a boost to the "middle class". Sorry, but $32k and below may have been middle class 20 years ago, but that is not even close now.

Finally, lets tack on the $275 BILLION in mortgage relief that will be going to people who spent beyond their means when buying property. This amount will only be redistributed to about 9 million homeowners, however, so that means about $30 grand each...again to people who, by and large, don't deserve it.

...nice pay day for all of those redistributees...I'll thank my kids for them.