Sunday, February 5, 2012

Sunday’s Quote: Class warfare

c/o Gateway Pundit
The term referenced above has been used, and will continue to be exhausted, from now to Election Day. There’s really no escaping it, so we may as well have a more distinct view of its meaning.

Presently class warfare consists of elected officials persuading the underprivileged to believe that their financial subjugation is solely the result of an affluent minority — let’s call them the “1%” — who doesn’t pay their “fair share.” While pandering and demonizing may offer the perception of sympathy for the less fortunate, it’s the riling of mass dissention that permits those same bureaucrats to deflect from their unprecedented fiscal recklessness, evidently for the sake of suffocating (if not eliminating) the economic model that has afforded so much, in exchange for initiating policies that both embolden goverment and penalize personal accomplishment.

This is not to imply that the tax code is an example of government at its best. Far from it. But the numbers don’t lie.

According to the American Enterprise Institute, the wealthiest 1% of the population earned 19% of the total income and paid 37% of all income tax in 2007, the year before Obama was elected (and long before chatter about “fair share” became commonplace). Moreover the top 10% accounted for 68% of federal tax revenue, while the bottom 50% — those of us below the median earnings level — earned a paltry 13% of the income and paid just 3% of the taxes.

Kiplinger’s updated numbers, which are nearly identical to the data above, can be found here.

The humble purveyor of this blog is not a one-percenter; not by any stretch. But I would like to be among them one day. And because no nation has ever taxed itself into prosperity, people would be wise to resist anything that could stymie their ability reach the pinnacle in this, the greatest of all nations.

No thank you, Mr. President. A fundamental transformation of our nation is not required. Taxes are not the real problem. Federal expenditures, and the pseudo-philosophy that drives such disbursements, are. Here is syndicated columnist George F. Will to expand upon the point.

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“Government becomes big by having big ambitions for supplanting markets as society’s primary allocator of wealth and opportunity. Therefore it becomes a magnet for factions muscular enough, in money or numbers or both, to bend government to their advantage.

The left’s centuries-old mission is to increase social harmony by decreasing antagonisms arising from disparities of wealth – to decrease inequality by increasing government’s redistributive activities. Such government constantly expands under the unending, indeed intensifying, pressures to correct what it disapproves of – the distribution of wealth produced by consensual market activities. But as government presumes to dictate the correct distribution of social rewards, the maelstrom of contemporary politics demonstrates that social strife, not solidarity, is generated by government transfer payments to preferred groups.  . . .

“People are less dissatisfied by what they lack than by what others have. And when government engages in redistribution in order to maximize the happiness of citizens who became more envious as they become more comfortable, government becomes increasingly frenzied and futile.”
~ from “Government: The redistributionist behemoth” by George F. Will, The Washington Post; January 6, 2012

2 comments:

The Witty Patriot said...

I find myself in perhaps the lower middle class living paycheck to paycheck, owning a home, but a very modest home, but I have kids and my husband and I spend a great deal of time and money making their lives better and helping them create better circumstances and opportunities for themselves and I believe that they will and have already at a young age. I know that with hard work my kids have what it takes to make it to the top so I hate to see people today trying to punish those that get there.

This is America where we should all be grateful just to be here, but this new group of spoiled college grads that think the world owes them something really make me angry. I imagine they didn't have parents who taught them that success only comes with hard work and perseverance.

AMW said...

Although I am not married, I can relate to most of what you said. Well put indeed.