PrintNovember 18, 2010
Financial Bigotry
The "tax cuts for the rich" debate needs a new focus. We are missing the point of the tax debate. It is not about taxation in a recession. The wealthy will be comparatively well-off regardless of the economic environment. It is not about the wealthy's ability to promote job creation. Our government does not care about private-sector growth when it considers government employment an acceptable (and even more valuable) alternative. And it's certainly not that Republicans are in love with the rich, since households that vote Democrat tend to have higher incomes than those that vote Republican. The point of the tax debate must be the principle that every man -- rich, middle-class, or lower-class -- has the right to keep as much as possible of what he has honestly earned. It is this foundation of freedom and property rights that is being ignored in the increasingly complicated political debate over an elusive definition of how to promote "growth" for the country....(Read Full Article)
