Demographics tell part of the story, the traditional minorities are headed to the majority, but perhaps not even the most significant part. In the recent election women bought into the war on women nonsense and 90% of African Americans voted for, I’m not exactly sure for what, there certainly was nothing in the last four years that helped raise their economic standards. Hispanic Americans supposedly voted based on the fact they want immigration reform whatever that means. Others apparently saw their salvation in higher taxes … on somebody else.
By default Americans have voted for bigger government and higher taxes. The bigger government part means more entitlements, more subsidies, more regulation and as aside a growing gap between the living standards of government workers and everyone else … think high pay and generous benefits long gone from the private sector. Voters supporting higher taxes may be surprised (although I don’t know why) to learn that means higher taxes for everyone, not just for those Americans who already pay a disproportionate share of taxes. Contrary to populist rhetoric, families earning $250,000 or more pay their fair share and more.
Nobody seems to ask why we need higher taxes. To pay our debt is one reason. But how did we accumulate all this debt? Improving Medicare, war, economic stimulus, payroll tax holidays, investing in solar power and electric cars and more. And then there are programs such as Social Security and Medicare that are no longer able to pay for themselves. Much of the debt accumulated has gone to benefit the middle class and low income Americans, the people who pay little or no income tax. And let’s not forget Obamacare already raises taxes on the “wealthy.” It is hard to see how those who do pay considerable income taxes to pay for programs targeted at the middle class and below are not carrying a fair share of the burden, but what do I know?
Here is the liberal Center for American Progress’s take on the election. Note they see a decisive mandate where the “wealthy contribute to address our deficit challenges.” As absurd as that statement is, if there were a way to take incoming taxes and use them to reduce the deficit while not adding to it, it could make some sense. However, the CAP and others have a litany of progressive ideas that add to spending. When was the last time you addressed your family budget issues simply by making more money…you wish!
This election offered a clear choice between an America that works for everyone, and a top-down America that works only for the wealthy few. The outcome was decisive: Voters chose an America where everyone pays their fair share, where we create shared prosperity by strengthening the middle class, and where we treat all people with dignity and respect. As we look forward to the critical issues Washington faces, this election was a decisive mandate for a fair tax system where the wealthy contribute to address our deficit challenges. No issue was more litigated in the campaign than a fairer tax system and Americans will expect real action on this and other important priorities.
Raise taxes … then what? Whatever happened to expand, grow the economy that will do more than anything else to help the middle class (and reduce the deficit by the way)?
But what has really changed in America is attitude. Many Americans have come to accept the notion that they are victims and therefore their state in life is someone else’s fault. Pick a target; big business, insurance companies, Wall Street, Republicans, oil companies, banks, the 1% … Listen to Senator elect Elizabeth Warren of Massachusetts speak and it is a diatribe against big business and a pledge to solve every problem faced by working people, by the middle class.
“Scott Brown wants Republicans in control of the Senate and Mitt Romney in the White House to pursue the same ‘I’ve got mine, the rest of you are on your own’ strategy that hurt so many middle class families. I want to work with President Obama and a Democratic Senate to invest in those families, level the playing field and make sure everyone has the chance to succeed.”
Since when does everyone not have a chance to succeed? How does the federal government invest in families? Oh I have it, by investing in free contraception and abortion we will bring down the 72% rate of African American children born to single women. I knew there was a plan.
“The fact that she’s a woman and she’s also pro-choice … instead of a man representing us and telling us what to do with our bodies, it’s her, and she knows what we want because she’s a woman.”
“We have to say that those who make it big have to pay a fair share,’’ she said.
Apparently Americans decided to agree with the rhetoric and the concept, “okay, but just not from my wallet.” This from the New York Times November 6th:
Three-fifths of voters said they opposed raising taxes to help cut the deficit, a finding that favored Mr. Romney. But almost half support higher taxes on incomes over $250,000, as Mr. Obama has proposed.
Presumably a couple whose combined income from two jobs is $250,000 have made it big. I wonder if it makes a difference if the couple is a school administrator and utility lineman or two lawyers or if they work on Wall Street? Making it big and “fair share” are as illusive as “affordable” health care but they all resonate with voters who seek an excuse.
It simply is not true that the wealthy do not pay their fair and it is not true that the wealthy who have earned their wealth and continue to invest take opportunity from everyone else. Who among us does not aspire to financial success? (the answer to that question used to be obvious, I’m no so sure today). People don’t buy lottery tickets for fun, they buy them to become wealthy.
The real question is what will our still dysfunctional Congress do with new taxes that will increase the income of the middle class and make sure it gets its fair share … likely of a much smaller American pie.