If there was one wish I could have in politics, it would be a wish that liberal rank-and-filers would understand that “tax the rich” doesn’t mean “tax the rich” but, actually, “tax the high income earners while leaving the fabulously wealthy alone”…try as I might, I can never get this concept through a liberal skull (I had considered using a drill to force it through, but I didn’t want to damage the drill):
A Democrat of my acquaintance, who makes something, but not a huge something, over $200,000 a year while living in Manhattan, was recently grousing to me about the surtax. “My taxes on a marginal dollar are going to go up almost 1000 basis points!” said he.
This is true, I agreed. And just what, I wondered, had he thought was going to happen if he elected Obama? Not clear. Our subject had listened to Obama talk about taxing people who made more than $250,000, which seemed entirely reasonable; he hadn’t realized that being single, his tax hikes would start much lower than that–that he, too, was “the rich”. Mentally speaking, the rich don’t live in eight hundred moderately roach-infested square feet in an unfashionable neighborhood of New York.
If you want to tax the rich, you’re going to have to tax, say, people who’s homes are more than 4,000 sq feet; people who have vacation homes; people who own boats longer than 25 feet; people who have cars valued at more than $50,000…in other words, you’re going to have to tax the wealth of people like Bill Gates, Warren Buffet, George Soros…and Ted Kennedy, John Kerry, Jay Rockefeller. Trouble is, all of those guys are on the side of “taxing the rich”; which means they’ll fight tooth and nail against having their wealth taxed because “tax the rich” is really just a dodge for increasing taxes on the upper middle class in order to pay for welfare programs to buy the votes of the lower class. Ever wonder why the very poorest and the very richest vote Democrat? Because it works best for them – freebies for the former, low or no taxation for the latter.
People vs powerful – I’m really serious that this is what the battle is about…the Powerful are determined to keep their wealth and keep ruling us and they are going to steal our money and use it to bribe the lower classes in order to do it. And the really sad thing here is that middle class liberals just don’t get it – bet dollars to donuts the fool talked of in the link will vote to re-elect Obama in 2012 and every other Democrat who comes knocking.
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