Mr. Bratton's letter amuses me. He defends Obama's regime as "not socialist" all while championing Marx's ideology. If no one favors take over of industry, why did he do it to several banks, the student loan industry, the healthcare industry, and two major car companies? If he thinks people aren't clamoring for a repeal of medicare, medicaid, and social security then he either isn't listening or lives under a rock. The older generation should be allowed to collect these programs because they paid in their whole lives. Young people like me, however, (who understand that social security will be broke long before I can collect it) would disenroll so fast it would make Obama's head spin. There is NOTHING I would like better than to keep my money and invest it as I see fit for my own retirement.
As for tax cuts? You can't get one if you don't pay taxes. The bottom 48% of wage earners don't pay federal income tax. (It's all at www.irs.gov if you don't believe me). Most people who earn over $250,000 are small business owners who have to report the entirety of their business income as their own even though they only get to keep a small chunk of that. Raising taxes on them only hurts their business and cripples their ability to hire or expand. Bush's tax cuts helped everyone who paid taxes. If they are not extended my husband and I will owe another $2,000 in 2011 that we will not pay in 2010. The kicker? We don't even earn over $100k, much less $250k.
'From each according to his ability, to each according to his need' is a fundamentally Marxist idea. If you believe in that, then you believe in socialism. Before you spout off about how things aren't socialist you should do a little reading into the topic. I suggest The Communist Manifesto as a good place to start. Although no doubt Mr. Bratton would agree with the book.