Tax Washington Spenders, Leave the Rich Alone
Monday, December 13, 2010
Democrats hate rich people. You can tell by their constant portrayal of them as greedy and cruel, rather than hard-working, industrious, charitable, and successful participants of the free market.
This Democratic bigotry has been highly visible during recent weeks, as Washington politicians have been debating the Bush tax cuts, which are set to expire on January 1st. These are tax cuts that were initiated amidst an economic recession and the aftermath of 9/11. They reinvigorated economic activity, salvaged plummeting tax revenues, created millions of jobs, and secured virtual full employment during most of the Bush presidency.
Yup, the wealth trickled down. And tax revenue shot up above the historical average – a stubborn fact for Democrats currently trying to justify tax increases on the wealthy by suddenly lamenting budget deficits after celebrating President Obama’s spending bender.
Unfortunately for Democrats, it’s becoming pretty clear that high tax rates don’t produce or sustain revenue levels for the government. Just look at Rhode Island. Just look at Providence. Just look at California. Just look at Europe. Just look at any place following the progressive direction.
Then, look at Texas.
Taxing the rich only hurts the poor. When government imposes costs upon the rich, the prices of common goods and services rise. And jobs disappear.
Allowing an individual to retain his own wealth never injured anybody. But it has been proven that allowing the government to seize wealth, for the purposes of giving it to others, will injure the recipients. The poor should be highly suspicious of people with strong appetites for the wealth of others.
As much as Democrats deny it, private wealth trickles down. You can tell because Bill Gates hires a lot of people.
Conversely, when wealth is filtered through the government, it is typically swallowed and destroyed – by redistribution, by reckless and wasteful central planning, and by public workers who don’t contribute to the revenue base.
Still, Democrats insist on confiscating as much income as they can from people they deem “rich,” so they can funnel it through the Washington wealth incinerator. Democrats will do this until there is no wealth remaining; until there’s nothing left to trickle down; until nobody can achieve the American Dream – which, of course, is the ultimate goal of the socialist crusade.
And Democrats are certainly socialists. In addition to attending a Marxist church for twenty years, Barack Obama famously told the nation on the campaign trail that he believes “when you spread the wealth around, it’s good for everybody.” Democratic congressman Jim Moran angrily grieved just several years ago over the fact that “we have been guided by a Republican administration, who believes in this simplistic notion that people who have wealth are entitled to keep it. And they have antipathy towards means of redistributing wealth.” “We know that the free market is nonsense,” once boomed Ron Bloom, Obama’s senior counselor for manufacturing policy. And Al Sharpton has asserted that the dream of Martin Luther King “was not to put one black family in the White House. The dream was to make everything equal in everybody’s house.”
Leading up to the New Year, America is not merely confronting people with alternative economic ideas. The nation is up against a devious political party that fully understands the consequences of inordinate progressive taxation. Democrats are entirely aware that taxing the rich, especially during an economic recession, stifles economic growth (which is what really determines tax revenue). During the first two years into Obama’s presidency, Democrats did not dare to raise taxes on anyone while the economy was sputtering. President Obama told NBC’s Chuck Todd, “The last thing you want to do is raise taxes in the middle of a recession. Because that would just suck up, take more demand out of the economy. And put businesses in a further hole.” And Obama supporter John Talbott, the author of Obamanomics and a believer in “bottom-up economics,” said that raising taxes “would not be the right solution in a recession.”
As the unemployment rate continues to climb, the Left is now telling the nation that the only reason Obama struck a tax cut extension deal with the Republicans is because his conservative rivals were “holding the middle-class tax cuts hostage” until they were also extended for the rich.
More disingenuous class warfare from the Democrats. Shocker.
President Obama provided more proof in 2008 that Democratic tax policies are about revenge, not revenue, when he confirmed that he would raise the capital gains tax “for purposes of fairness,” despite knowing that raising the tax would result in a loss of government revenue.
Here is what is truly happening: Republicans eviscerated the Democrats this past election cycle, and are poised to control the nation’s capital. With the Republicans just weeks away from being able to set the legislative agenda, Obama’s socialist base realizes that January 1st now represents the cutoff date for their chance to get even with the wealthy. You know, for being so successful.
Over the next couple of weeks, progressives will mount extraordinary pressure on Obama and Washington Democrats to ensure tax hikes on families making over $250,000 per year. And it will have nothing to do with balanced budgets or economic recovery. It will have everything to do with the Left’s hatred for the wealthy, and their political religion that instructs them to disdain and destroy economic prosperity – to keep America on the sure and steady path toward national socialism.
Travis Rowley (TravisRowley.com) is chairman of the RI Young Republicans.
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