Ok, so why am i thinking about Obama and rolling my eyes in disdain this time?
Obama has long brought up the concept of "shared sacrifice" to
justify tax increases to the other 53% or so of the population. What he really
is saying has nothing to do with "shared sacrifice" - it is a completely
targeted forced "sacrifice" based on jealousy. If you want "shared sacrifice"
(otherwise known as "give me your money or else") everyone has to feel the
pain. Nobody should be excluded for any reason. This should only deal with
income like wages (not illusionary "capital gains" or interest income).
The real end-game for Democrats here is to tax the better off at a
higher rate so that they can institute more vote buying schemes for the lower
and lower-middle-class. None of these will solve any problems like debt (and
governmental debt is a form of future taxation in itself), fiscal
responsibility, etc.
Mitt Romney's statement about the
47% or so was right. Basically this group pays virtually no federal income
taxes (any other form of taxation is not relevant to the discussion). This
group is definitely always on the cusp of voting Democrat. Who would have
thought that people would vote for you if they give them money? The government
is well positioned to exploit this and foster further dependence. Governmental
dependence is a bad thing.
The lower-class and the lower-middle-class
are pretty much under taxed relative to their income. Much of this is due to
ill advised tax credits/deductions that could be seen as a form of social
engineering. There should be no governmental incentivization for debt financing
(like mortgages), no tax breaks for personal decisions (like having kids),
no tax breaks for college tuition (once again a personal choice).
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