Howard Rich's Blog

July 22, 2009

“Rangel Surtax Debate Exposes “Class Warfare” Myth

By Howard Rich

“Make the rich pay for it, they can afford it.”

For decades, this has been the /modus operandi/ of politicians and public officials who rely on unsustainable government growth and skyrocketing taxpayer debt to pad their patronage and expand their influence. It’s also the driving force behind House Ways & Means Chairman Charles Rangel’s new “health care surtax,” which the New York Democrat says will raise $540 billion over the next ten years to pay for part of “Obamacare.”

Who would end up paying Rangel’s surtax? All joint filers making over $350,000 – before deductions. Also, the surtax applies to all forms of income, including wages, dividends and capital gains.

This latest “bleed the (moderately) rich” scam comes from a tried-and-true big government playbook. In fact, it’s every bit as predictable as the blooming of the cherry blossoms, the naming of yet another government “czar,” or whichever Beltway sex scandal /du jour /is dominating the cocktail party chatter. And like countless other government schemes of its kind, it will no doubt be communicated to middle class mailboxes or televisions via slick advertisements that invoke how wealthy Americans are enjoying “faster jets or bigger swimming pools” while poor people lay “starving in the streets.”

Sounds familiar, right?…

Advertisements

Leave a Comment »

No comments yet.

RSS feed for comments on this post. TrackBack URI

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

%d bloggers like this: