9/18/2008
The AP is reporting today that “Democratic vice presidential candidate Joe Biden said Thursday that paying more in taxes is the patriotic thing to do for wealthier Americans.” Biden went on to say that “we want to take money and put it back in the pocket of middle-class people.”
So, Obama and Biden want to “take money” from one group and “put it back in the pocket” of others. It’s beautiful in its simplicity.
I have to admit being confused by this reasoning. I would be one of those middle-class people that supposedly would get a tax cut, but wouldn’t it COST money to take money from one group and then give it to another? I think what Biden is expressing is the thought that tax hikes on the wealthy will offset the cost of tax breaks for the middle-class.
But I’m not sure how this helps anyone. Why not just cut middle-class taxes and leave those who earn $250,000 or more alone? The top 3% of this country already pay 70% of all taxes, and the top 50% of wage earners pay a whopping 97% of all taxes. This is a system which is already far too top-heavy.
Instead of Democrats insisting that Americans must sacrifice for the government, perhaps the government should sacrifice for America. Perhaps Obama should scale back on his desire to fund every kind of social program you can imagine, including social programs in other countries, and just do better with less.
Just a thought.
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