I shared an amazing video last year featuring Margaret Thatcher exposing the left for wanting to keep the poor destitute if that was the price of hurting the so-called rich.
Deroy Murdock makes similar points in a great column for National Review.
For too many liberals like Obama, “fairness” is not about enriching the modest; it’s about impoverishing the moneyed. Multibillionaire Warren Buffett has energized liberals with his still-unverified claim that his tax rate lags his secretary’s. …Somehow, reducing the secretary’s taxes never came up. Instead liberals demand the so-called Buffett Rule, an instrument for bludgeoning the successful rather than boosting the downtrodden. …Here’s how the Right should challenge the Left: “If you dislike income inequality, lift those with the least. Let’s adopt universal school choice, allow personal Social Security retirement accounts (to democratize long-term capital accumulation), radically reduce or eliminate America’s anti-competitive 35 percent corporate tax (to supercharge businesses), and pass right-to-work laws (so the jobless won’t fester outside closed shops). Let’s build the Keystone Pipeline (to create 20,000 blue-collar positions right now and lower everyone’s energy costs), frack for natural gas, and tame the EPA, OSHA, SEC, and other power-mad bureaucracies, so U.S. companies will stay here, and foreign firms will move in.”
Needless to say, the left will not accept Deroy’s challenge.
And most leftist leaders would like to impose higher tax rates on success, even if the government collects less revenue.
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 23rd, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for July 22nd, 2014 | John Ransom