Wednesday, February 20, 2008

Didn't ask for a tax break?

"It's a Washington where George Bush hands out billions in tax cuts year after year to the biggest corporations and the wealthiest few who don't need them and don't ask for them - tax breaks that are mortgaging our children's future on a mountain of debt; tax breaks that could've gone into the pockets of the working families who needed them most." Barack Obama 2/13/08

Everyone who paid taxes received a tax break under the Bush tax cuts... is it a surprise that the wealthy, who pay by far the most taxes as a percentage of income, in total dollars, and even when they die, received billions when they received back a portion of what they earned?

As far as those who don't need them or don't ask for them, ask the next wealthy person if they'd rather work until the middle of July or the end of July for the government before they earn their first day's labor for themselves and see what they say. The idea that the wealthy don't desire tax cuts is patently absurd, but I'll chalk that up to rhetoric because it sure sounds like a good excuse to take from someone what they don't want or need and give it to those that need it. Show me a wealthy person who doesn't want or need their money and I'll show you someone who's ready for a great Vegas weekend and won't be wealthy for long. A fool and their money...

In a nation where few can agree on politics, there is no doubt everyone would prefer that their personal taxes be lowered.

Anecdotally, I don't know a single wealthy person, other than Warren Buffet, who wouldn't enjoy receiving more of their own income, and if Mr. Buffet doesn't want to keep his money, he is (and has always been) free to donate his own money to the government as he likes, though as an intelligent and successful businessman it seems unlikely he would choose to give to such a wasteful organization freely.

It is unfortunate that the wealthy in our society are singled out for punishment for their success, or the success of their families, by being enslaved to work for the government for more time out of every year than any other member of our society. People earn what others are willing to pay them for their work and time. Has Mr. Obama decided the government is better to decide who should be paid and how much based on their "need?" Would he prefer the government distribute the fruits of the labor of the wealthy to those whose work in our society has been deemed less valuable? Unfortunately, though this is no surprise for a Democratic senator, this appears to be the case. If he becomes president, sincerely I hope he chooses my contributions as worthy of receiving extra income above and beyond their market value.

Who will speak up for the wealthy? Who will say, "This is unjust, they have as much right to the fruits of their labor as anyone else?" Sounds selfish, doesn't it? Unpalatable? Without the wealthy enjoying the fruits of their labor, they will just go away, and take with them all the businesses, jobs, capital, and tremendous quality of life they bring to our nation from the lowest to the highest, but especially to themselves. Envy is not a decent quality, and even if it is held by the majority against the minority, it does not gain any moral weight, not one ounce. At the core of capitalism is an understanding that equality is not justice. It is the freedom to produce that is important, the keeping of one's own property, not the equal distribution of what is produced through the taking of property from others.

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