Can we succeed while succumbing to the liberal agenda?
- Wednesday, July 15, 2009, 9:42
- Constitution Daily
- 552 views
- 11 comments
Today there is a headline on The Drudge Report asking the question, “Since when does our great free-market country punish success?” That question was asked by the U.S. Chamber of Commerce president, Thomas Donahue. The cynic in me quickly thought, we always have in my lifetime. What a sad thought that is.
As kids we were all told that we could do whatever we wanted as long as we put our minds to it. We were taught to strive for success in everything we do. We weren’t told that others will constantly be trying to take you down if you succeed.
That is exactly what our government has done and is continuing to do in an even more vicious fashion. U.S. House liberals have announced they plan to tax America’s wealthiest individuals at an even higher rate. They plan to increase taxes on all households earning $350,000 or more to pay for socialized healthcare.
The idiocy of this proposal astonishes even me. With unemployment at a very high rate and climbing, and the economy still tanking, with Obama’s own financial experts advising that “we haven’t seen anything yet,” a tax hike on our richest, who are also our employers, is the worst policy move in decades. And that says a lot.
We already have businesses moving out of our country to more favorable tax climates and the liberals want to tax business owners even more. And what really drives me nuts is that all of this is in the name of “fixing” our health care system. History repeats itself and in no time in history has government fixed a problem the private sector couldn’t fix better and at a cheaper rate. And, since history does repeat itself, almost all of the time, government is the problem and not the solution.
At some point we must start to consider these tax hikes as theft from one group and gifts to others. The top income bracket already bears the burdenof almost 70 percent of the federal taxes paid in this country and that doesn’t take into account the majority of these individuals who are businesses owners also paying corporate taxes.
We also have the top earners at just the federal level getting taxed over $3,000 for every $10,000 they make as opposed to the bottom earners only getting taxed $80 for every 10,000 they make. And that doesn’t take into account state taxes or the benefits, paid by the wealthy, used by the bottom earners. Also, many of the bottom earners pay less into the system than what they receive back due to numerous tax credits.
Since our citizens seem to be fine with taking from the rich and successful to give to the poor, I don’t see this changing anytime soon. The ramifications of this can already be seen by following the money. Unfortunately the money and the jobs are going oversees at a record pace. When will we, both parties, realize this and change our course? Hopefully 2010 will be the start of a new political generation focused on building on success, not discriminating against it.
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11 Comments on “Can we succeed while succumbing to the liberal agenda?”
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Right on!! And these robbers (Culver & Co.) are running around the state trying to talk more parents into putting their children into the HAWKI program. These people are pure socialists and are destructive to capitalism.
I think we start with ourselves. Remember–it was Bush that let the genie out of the bottle with the massive infusions of tax dollars to the likes of those living in the Hamptons who happened to be countersignatories to CDO’s. We must lead by example. Banks should be allowed to fail. Let the churches take care of the poor and uninsured. The market always works in the end.
You are right about much of this but I’m pretty sure I understand what happened in Sept. We were on the verge of a financial meltdown because someone was making massive withdrawals from the banking system. Paulsen convinced Bush the bailout was necessary and he went along with it because he was scared.
Was it the right thing to do? At first I didn’t think so, now I don’t know. I know it has to stop.
Deace–I lived through the farm crisis and the S&L crisis. The notion that something is too big to fail is rubbish. Once you go down that slippery slope you end up in a pile of no one taking responsibility for their own actions (sounds like socialism). The market demands that failure be recognized and punished. But out of the ashes arises new opportunities. Bush let us down horribly.
MIE – I agree completely.
DVFO – stick to your initial gut instinct. The bailouts haven’t exactly been a success yet. I don’t see what would change that. All Obama would have to do to create an economic surge would be lowering taxes on businesses. Problem solved in a day.
CD: I’m completely on your page. It’s clear the agenda of Obama and Dimocrats is to destroy the economy and enlarge their power at the same time.
You can fool all of the people some of the time and some of the people all of the time but you can’t fool all of the people all of the time and Obama’s poll numbers clearly show his poll numbers dropping but until they get to zero, they’re too high.
Does anybody besides me sit back and scratch our heads in wonder why the GOP doesn’t step up to the plate on the economy? I mean, Newt put out the “Contract With America” and we took back the US House. We need a steady drumbeat of fiscal responsibility and how to get there. It was only when the GOP strayed from this they ended up losing.
First and foremost, the only recovery will come from business/private sector, period, end of story! We need at least a 2 year moritorium on all capital gains taxes, the corporate income rate needs to be cut in half just for starters. We need realistic regulation, not this cap and tax garbage. Then just watch what happens when we let America get back to work!
I’ll vote for Timmy!
Timmy: The problem is that classical conservatism is dead. It has been replaced by a big government ideology whereby the policitical process is used as a platform for advancing evangelism by the religious right. The notion that government would intrude on personal matters such as gay unions would be anathema to the classicists. Economic restraint is not part of their creed therefore not a part of their political agenda.
What we are witnessing is the grand coalition of centrists and people of faith being torn apart to the extent that a third party is the only solution. The religious right will go ahead with their hysterical masses and command at best 25-30% of the electorate. The moderate wing of the Republican will reform and attempt to recapture the middle. This effort will take at least a generation and a half. Slowly but surely the moderates will prevail as moderate democrats retreat as the high expectations generated by Obamaism go dashed. Don’t expect a balanced budget until the 2050’s.
“Can we succeed while succumbing to the liberal agenda?”
Well, we’ve been “succumbing” since, what, 1932? I think it’s been a pretty successful seven decades since then.
Good think piece. I like how you reframe tax rates (“top earners at just the federal level getting taxed over $3,000 for every $10,000 they make as opposed to the bottom earners only getting taxed $80 for every 10,000 they make’) — because if more people really saw the math on taxation then maybe it would sink in. I think that the more you pay in taxes the more votes you should get in elections.