I don’t earn $1,000,000 a year, I don’t even earn $400,000 a year and I suspect neither do you. As a result I won’t be affected by any of the higher taxes proposed by the President.
Getting a lot more free stuff sounds good to me, not that at age 78 I will benefit from any of the American Families Plan expanded social spending.
Convincing Americans that other Americans don’t pay their fair share is a familiar message and it will be critical in the future. A scapegoat is always needed. There are about 1.4 million taxpayers in the 1% out of about 144 million taxpayers. The top 1% pay about 39% of all income taxes while the top 5% of earners pay 59% of income taxes.
To sell their ideas of social justice, progressive politicians must convince Americans they are victims, that they are entitled to and can only succeed with more from government assistance, that “inequality” somehow takes from them.
In essence progressives need a divided America.
And they must rely on the idea that all Americans desire will be paid for only by someone else. And there is the most scurrilous concept of all. The deceit progressives rely on to sell their ideas.
European and Scandinavia countries have extensive social programs, their populations delight in the free things they have. And woe be any politician who tries to reduce those programs even to manage costs. Remember the violent protests in France when it tried to restructure their pension system.
HOWEVER, those countries also have tax systems that support their programs, tax systems that affect all citizens. Systems that include value added taxes, payroll taxes, income taxes, high hidden taxes such as on fuel and assorted fees from getting a drivers license to buying a car. And, generally, Europeans live in more modest homes, drive smaller cars and have less stuff than most Americans.
So far in 2021 the Administration has enacted or proposed $6 trillion in new spending, much of it ongoing and not to be paid for by average taxpayers or not at all. Yet, not a word about addressing the Social Security or Medicare trust fiscal problems.
The question is, will Americans be deceived by all this slight of hand, will they be seduced by promises of free stuff, will they ignore the long-term consequences of new unfunded liabilities, of this approach to social justice?
Yup, they will😢 This is not going to end well. The real bill will come due.