Saturday, April 07, 2012

Why does Obama pursue class warfare?

This past week from his words and walk-back it seemed that President Obama knew nothing about constitutional law or the history of the country; he also doesn’t know much about taxing and the rich.  His drum beat and direction seem to be class warfare.

“To vilify success and the rewards it garners is an assault not just on capitalism but on liberty itself. As Will and Ariel Durant observed in "The Lessons of History" (1968), "freedom and equality are sworn and everlasting enemies, and when one prevails the other dies . . . to check the growth of inequality, liberty must be sacrificed."

Nowhere is the political debate over income inequality more detached from reality than the call for the top 1% of American income earners to pay their "fair share." The Organization for Economic Cooperation and Development (OECD) data on the ratio of the share of income taxes paid by the richest taxpayers relative to their share of income show that the U.S. has the world's most progressive tax burden.

The top 10% of earners in the U.S. pay 35% more of the income tax burden than in Sweden and 22% more than in France. These figures—from the 2008 OECD publication "Growing Unequal?"—include all household taxes imposed on income at the federal, state and local level, including social insurance taxes.” Wall Street Journal, April 6, 2012, The real causes of income inequality.

1 comment:

Anonymous said...

Maybe because Gov Scott Walker signed a bill yesterday that eliminates equal pay for gender. THAT is gender warfare aka class warfare