Is it Robin Hood or socialism?

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This is the first post that I have written that doesn’t relate specifically to personal finance. We teach that personal finance begins with personal responsibility and you are your own best way of gaining control of your financial situation. However, based on this comment by Barack Obama, it is obvious that he and I share opposite ideas about personal responsibility

“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 for success too,” Obama responded. “My attitude is that if the economy’s good for folks from the bottom up, it’s gonna be good for everybody … I think when you spread the wealth around, it’s good for everybody.”

This is similar to what Robin Hood did with his band of Merry Men, but the difference is Robin Hood took from the government that was overtaxing everyone and returned the money to the taxpayers. If Mr. Obama is elected president, he promises to take only from those that have worked hard to be successful and give it to those that haven’t worked so hard.

I’m all for helping people who need it, but I like to see them helping themselves first. Click here for the full article and video.