It’s been quite a while since I waded into the insanity that is a Jeanny Sharp editorial. Her most recent attempt at promoting class warfare through her support of the “Buffet Tax” in Tuesday’s Herald has my blood pressure up, so felt I had to respond.
I know it makes Sharp and the other liberals feel better about themselves by hollering for social justice and being fair, but once again they make their decisions based on feelings rather than facts. So let’s look at some of the facts of what the “Buffet Tax” would do.
• Fact No. 1: It is believed the tax would raise about $47 billion during the next 10 years. According to the Congressional Budget Office, that would amount to a 0.7-percent reduction in the estimated $6.4-trillion increase in spending through those 10 years. So much for Sharp’s assertion that it would help pay off the national debt.
• Fact No. 2: What Warren Buffet pays taxes on is mainly from investment income through his many business ventures. His secretary pays taxes on the wages she earns. Liberals are comparing apples to oranges. If you want to create a disincentive for investment, by all means raise the tax to 30 percent from the current 15 percent rate. If you eliminate the incentive for rich people to invest their money in new businesses or to expand existing businesses, then new jobs will not be created.
• Fact No. 3: If Buffet or any other rich person wants to pay more in taxes, there is nothing stopping them from doing so. All they have to do is send their check to the U.S. Treasury. They will be happy to take it. Quit trying to brown nose your way into the hearts of the liberal elites by spending other people’s hard-earned money.
• Fact No. 4: More social good is done by privately held money being invested than if that same money is spent by the federal government. Private money that’s invested in business enables people to get jobs so they can provide for their family. You need only look to the current General Services Administration (GSA) scandal to see how your tax dollars are being used by the government. Not exactly helping out the poor and huddled masses, are they?
I could go further, but I think my point has been made. U.S. Rep. Lynn Jenkins, R-Kan., is right when she says this is a political gimmick. It’s being used by President Obama and his minions to further polarize groups in this country. So much for the president bringing this country together as he said he wanted to do back in 2008. That desire by the president was thrown in the ditch a long time ago.
The final thing I’d like to touch on is that I never in my 42-year work history have ever gotten a job from a poor man. If it weren’t for the rich, I’d probably be on welfare today — and I think that is what Barack Obama and his pals are really aiming for: a majority of Americans who are dependent on the federal government. But that’s a topic for another time.
Don’t buy the garbage that the left is feeding you. Get yourself informed so you can make an educated decision in this year’s elections.
— Larry Hawkins, Ottawa