Government Benefits Surge to Record High As Private Income Hits Its Low; Is This Trend Worrisome?

Charles Payne: Let's not forget some of the other wealth redistribution tactics like Cash for Clunkers, Cash for Appliances, Cash for Overpriced Homes. They're going to cap corporate profits and have a VAT but at the end, people who don't pay taxes will get a rebate. This is classic wealth redistribution. It's not working, it's backfiring.

Does Oil Spill Prove We Need Clean Energy?

Charles Payne: The ancient civilizations used solar and wind for what they could—it's not like man just discovered this. The reality is, if it worked, we would have adopted it centuries ago. To the hypocrites who say, aren't you ashamed for saying "drill baby, drill!" I say, of course not! If you get in a car, you better say "drill baby, drill" unless you want to pay $6 a gallon. It doesn't work yet, we're nowhere near that level, and if we keep being stupid this, China and India and the rest of the world will get control.

Is New $108 Million Tax on All Cars the Best Way to Ensure American Drivers Are Safe?

Charles Payne: We also have this oil spill trust fund that they're going to charge oil companies $0.32 per barrel for, just in case there's another spill. Of course that will be passed on to consumers. Anything you can think of, we'll raise $100 million to study it. It's crazy. When you say you're not going to raise taxes on a certain percentage of the population, of course you are. When it's all said and done, we're all going to be paying through our nose for a Coke, gasoline, and a Toyota.

Best Funds to Buy Right Now

Charles Payne's Stock: iShares Brazil (EWZ)

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