Monday, November 19, 2007

Dem's fiscal policy: Covetousness

“’The question is, should we be giving an extra $120 billion to people in the top 1 percent?’ So asked Gene Sperling, Hillary Clinton’s chief economic advisor, at a recent National Press Club panel discussion. Translation: It’s the government’s money, and anything left over after Uncle Sam picks your pockets is a ‘gift.'

Indeed, to hear leading Democrats talk about the ‘richest 1 percent’ —a diverse cohort of investors, managers, entrepreneurs and, to be sure, some fat-cat heirs—one gets the impression that wealthy Americans are a natural resource, to be pumped for as much cash as we need. Further, the Democrats don’t think that well will ever run dry... According to Democrats, it’s greedy to want to keep your own money, but it’s ‘justice’ to demand someone else’s...

Meanwhile, Democrats keep telling the bottom 95 percent of taxpayers that America’s problems would be solved if only the rich people would pay ‘their fair share’ of income taxes. Not only is this patently untrue and a siren song toward a welfare state, it amounts to covetousness as fiscal policy.” —Jonah Goldberg

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