TAX THE RICH? NOTHING BUT “SHIFT THE BLAME”
Mitt Romney seems to be unable to respond to President Obama’s call to “Tax the Rich”, but a closer examination of the president’s policy should make it clear that this clarion call of increased taxation is nothing more than another attempt by the President to “shift the blame.” And I don’t mean just shifting the blame from Democrats to Republicans. This time, President Obama is trying to shift the blame from Washington back to the people.
Both parties, Democrats and Republicans, are responsible for their fair share of blame for the economic mess this country is in. Anyone examining the state of the national debt and deficit, and looks to see how long this problem has been growing, knows that it has taken many years of both Democrat and Republican administrations to get to the current state we’re in. The Democrats, for sure, have run forever on a platform of more spending and more tax hikes to pay for it. That’s what they do. The Republican, though, have been the ones who have forsaken their civil duty to keep the Democrats in check. All too often, they have gone along to get along – they have been lovers not fighters – and have caved in to the Democrat’s spending proposals, anxious to prove themselves to be just as “compassionate”. Their failure of leadership and courage is evident to everyone who sent them to office to reverse this course.
So, now here we are: $16 trillion in national debt and climbing, with a slowing economy which will only mean decreasing revenues and higher deficits, with no plan in sight to increase economic activity to pay for it. For the first time briefly yesterday, investors preferred the Chinese yuan to the US Dollar, publicly recognizing the economic difficulties our dollar is in. President Obama’s proposal to increase taxes on “the rich” (currently defined as “millionaires and billionaires” who make $250000/year or more – why the president can’t tell the difference between a “millionaire” and someone who makes $250,000/year remains unexplored by our media) amounts to nothing more than an attempt to shift the blame from the political class who have so mismanaged America’s economy back to the citizenry, some of whom continue to prosper despite the unwillingness of America’s elected leaders to properly manage this economy. Mitt Romney should call Obama’s tax proposal what it is: just another effort by this President to shift the blame for the dismal performance of America’s economy under this administration back to the citizenry “who just aren’t paying enough”. This approach will move Mitt Romney back from a “rich person only trying to protect what he has” to “a citizen trying to hold the Washington establishment responsible” for the economic mess they’ve created.
Taxing the rich? It’s just another way to shift the blame.