Don't base tax policy on class envy
September 02, 2010 12:00 AM | 633 views | 11 11 comments | 6 6 recommendations | email to a friend | print
DEAR EDITOR:

RE: Bill Press column, "Republican platform welfare for the rich,"

Press' statement that "Most people don't understand that a tax cut is actually a government expense" is based on the attitude that all income is owned by the government except for the part the wage earner is allowed to keep.

If we use his logic to solve the current problem then we could just collect 100 percent of all income above some arbitrary number, say $500,000, and balance the budget. The deficit for 2009 was $1.4 trillion and all taxable income over $500,000 for 2008 was $1.265 trillion. Clearly, it is not a tax rate problem, it is big government overspending.

If the goal of taxation is to burden the highest incomes with a larger burden, the supposed logic of higher tax rates may not work in real life. In 1996 the income tax on $200,000 and up was 34.6 percent of the total share of all personal income taxes, for tax year 2008 (five years after the 2003 tax cuts) it was over 52 percent.

Do not listen to opinions that use class warfare and wealth envy to guide tax policies. Instead, take a few minutes to look at the real published numbers at irs.gov/taxstats. You paid for it.

Richard Hennigan
Marietta
Comments
(11)
Comments-icon Post a Comment
Jane College
|
September 09, 2010
Son of a businessman: thank you for your common sense. We would be a great country if more folks were like your father.
Free ride is over
|
September 09, 2010
Hey you well heeled Republicans, The Bush free ride is GONE WITH THE WIND.............I hope they sock it to you!!!!!!!!!!!!
Anonanon
|
September 03, 2010
In 1970 the top 100 CEOs earned about $45 for every dollar earned by the average worker. By 2008 it was $1,081 to one. Sounds like a massive redistribution of wealth has already occurred.
TAMMY Smith
|
September 03, 2010
Dear Mike's wife, while I'm sorry you find yourself in the situation that you are in, I feel that you think the rich owe you something. They do not, nor does the government.

The reason none of the Car companies are hiring back is because people are not buying cars nor are they paying to get them fixed at dealers. Joe down the street does a great job. Oh and BTW it was you liberal buddy OBAMA, that closed so many of the dealerships - that didn't need to be closed because they were NO expense to the company.

You have every right to be angry stressed, and upset. But just like you, your husband and your sister are not to blame, neither are the rich.
son of a businessman
|
September 03, 2010
My father worked tirelessly to establish a still thriving small business that supported our family's upper middle class lifestyle for many years. He worried when so called "financial gurus" started advocating naked greed during the 1980s when the trend of concentration of wealth in the highest percentile began its ascent. He abhored the idea of making money at the expense of workaday folks trying to keep up a modest middle class lifestyle. He knew that the rise of the middle class after World War II is what sustained America's triumph and emergence as a superpower. He hated banksters who would as he said, "reach into your mouth to get at your gold fillings." He was a country club Republican, not a wing nut. He did not sit around and obsess over social issues, not that he did not have an opinion. The current thinking of folks with this "class warfare" angle is just an extention of the "me generation" that emerged in the 1970s. Our nation's commonwealth and power depends on a very strong middle class. Folks who say otherwise are as my father would say, "dead wrong."
Dear Mike's Wife
|
September 02, 2010
Sorry about your hard times, but could you explain to us just how raising taxes on the rich going to help you or your husband or your sister? How is raising taxes on someone else going to lessen GREED or help your situation? You favor actions that may make you feel better, but unfortunately they will make your condition worse.
Mike's Wife
|
September 02, 2010
Dear Anonymous: my husband has a college degree, we paid off our cars years ago and still drive them, and our house will be paid off in 4 years. Yet we struggle because he can't find work and I have a severely disabled sister. Quit maligning the middle class. Between the tax breaks and loopholes for the rich and the poorest paying none, the middle class is paying more than their way per capita. You need to do some soul searching if you still have one.
Dear Anonymous
|
September 02, 2010
The anonymous comment below is typical of liberals who believe that the key to their prosperity is to confiscate and redistribute wealth created by the rich. Is it the fault of the rich (and I'm certainly not one of them)that they are accumulating a greater share of the nation's wealth? Or is it the fault of a middle class that devalued education, didn't acquire job skills, cared more about partying than work, maxed out credit cards to live beyond their means, bought cars on 6 year loans and houses with no-doc sub-prime mortgages? Unfortunately, robbing the rich through confiscatory taxes won't help the middle class. Unlike Anonymous, the rich didn't get rich by being stupid. Taxing the rich will encourage them to produce less and/or move their capacity to create wealth overseas where it is appreciated. The middle class will get even poorer if the democrats get their way. Two questions. Has the plight of the middle class gotten better or worse since Obama was elected? Is the middle class better off in states like CA, NY, OH, IL, NJ, PA that heavily tax the rich and create programs for the middle class? Or is the middle class better off in states like Texas who keep taxes low and create jobs. You decide.
Mike's Wife
|
September 02, 2010
Mr. Hennigan and Indian Joe, get your heads out of your tailends. Take a stroll into the middle class. My husband worked for 35 years in the car part business, with nearly perfect attendance, raises and great performance reviews. He was laid off last year and he is NOT ON VACATION you hard hearted thugs. He has been pounding the streets, looking for anything he can, applying for even bag boy jobs. I have a disabled sister who is clinging to life, we have had to combine households due my husband's situation and her situation. We bailed out the car industry, and they are doing better, yet none of the dealerships are hiring in the Parts department. No one worked harder than my husband, so don't give me that old Social Darwinism that the rich have what they have because they work harder or are better human beings. Greed has ruined this country, the philosophy that I have mine, to heck with anyone else because obviously they are not as good as me. Shame on you. I hope you never lose your job, or have a major medical problem are denied insurance. Jesus said what we do unto the least of us, we do for Him. What have you done for Him lately?
Indian Joe
|
September 02, 2010
So anonymous - everyone should be equal. Hummm ..where have I heard this before? Take according to ability - give according to need. And if you propose to penalize those who have worked hard and have earned greater wealth than you have or feel you are entitled to - how long do you think they will continue to do so? And many of those "rich" are small businessmen who have taken the risk to put everything on the line in order to succeed. They are the ones who hire people and move the economy. What is it about some of you who think you are entitled to the fruits of someone elses labors and sacrafice? If the middle class is disappearing, then, you should look at who you are electing, after all the majority party is the one that goes into your wallet and takes what you have earned. It is amazing with the way the illegals are draining the life blood from this country that you would instead chose to point at the wealthy (in your view) to target for your anger. I am a small businessperson, and you know what, I have had to let half of my employees go because of the uncertainty about taxes, health care, regulations. So who do you think all of this class warfare has hurt? Sure it has hurt me a little, and, of course, those who have been let go now have a 2 year vacation on our tax dime, but how does this improve the economy or the country or anyone's life? Some of these people need to get off their butts, take a chance on losing everything, as I did, swest blood, sweat and tears, sacrafice tremendously for many years, and maybe they can be on the other end. But don't tell me - don't you dare, that I have an obligation to give anymore of what I have worked for all my life, so someone else can be "equal"
anonymous
|
September 02, 2010
"Class envy" is a GOP weapon to try to shame the middle class of America when we object to the increasing concentration of wealth in the hands of a very few. This trend has nothing to do with merit and everything to do with using power and influence to lobby and pass laws that allow the hoarding of wealth by a tiny percentage of Americans. The middle class is disappearing and it is not because we don't work hard enough or we don't earn a share of the pie.....those who have are just intent on enriching themselves to the point that the rest of us become total have nots.
*We welcome your comments on the stories and issues of the day and seek to provide a forum for the community to voice opinions. All comments are subject to moderator approval before being made visible on the website but are not edited. The use of profanity, obscene and vulgar language, hate speech, and racial slurs is strictly prohibited. Advertisements, promotions, and spam will also be rejected. Please read our terms of service for full guides