Obama loves to talk about how raising taxes on the rich will fix all our problems and bring justice to our corrupt capitalist system. Besides the fact that confiscating the entire income of the 1% wouldn’t even put a dent in our debt, the reality is that few democrats consider this as fundamental to their platform (including Obama himself).
When push comes to shove, democrats realize that raising taxes on the rich is not going to solve our problems. So why is Obama all of a sudden leading the charge on the rich getting what’s coming to them? Thomas Sowell of Townhall.com cuts right to the heart of it:
All the political angst and moral melodrama about getting “the rich” to pay “their fair share” is part of a big charade. This is not about economics, it is about politics. Taxing “the rich” will produce a drop in the bucket when compared to the staggering and unprecedented deficits of the Obama administration.
No previous administration in the entire history of the nation ever finished the year with a trillion dollar deficit. The Obama administration has done so every single year. Yet political and media discussions of the financial crisis have been focused overwhelmingly on how to get more tax revenue to pay for past and future spending.
It’s not about exacting revenge. It’s a distraction technique. A strawman. The democrats are driving us off the fiscal cliff, and they want their “49%” to be so busy clamoring for the distraction of the upper class, they’re not paying attention to the disaster looming just ahead.
The political conversation of today makes Kennedy look like a radical conservative. We live in a weird, weird world.