Amused Cynic

Victor David Hanson hits a home run with this one. I am amazed at the number of doctors I know who are still patting themselves on the back for electing the man who is going to ruin them financially and destroy their profession. And give a borrowed $1B to Hamas, for good measure.

Your plan might work for a while given the incineration of trillions in stock and home equity and the need for replacement cash, but its revenue-raising component is not just aimed at the minuscule number of “rich”, which you imply to the American people are flying the skies of America in private jets while being unpatriotic in avoiding taxes and violating regulations.

In fact, for your plan to succeed, you must go after the upper, upper middle-class, those making between $250,000 and $600,000 who are restaurant owners, home builders, labor contactors, architects, surgeons, engineers, hospital executives, college administrators, Ivy-League law professors, and many dentists.

These households are wealthy, yes; but they don’t own or even fly on $50 million private jets or host private Super Bowl parties. Their income is all reported, and with such good salaries come high insurance and, in the case of business, constant reinvestment and expensive inventories. They are not greedy, but the bulwark of the United States’ productive classes who in aggregate pay over 40% of the collective income taxes, and provide most of the jobs in the country. Under your plan many in these high-tax states will pay nearly 70% of their incomes in FICA, Medicare, federal income, and state income taxes. Why gratuitously mislead the American people that those for whom you will lift FICA ceilings or up their IRS bites to 40% are in any way synonymous with the super-rich? Remember the very, very wealthy voted overwhelmingly in your favor precisely because their riches gave them immunity from high taxes, and in many cases they were far removed from the everyday risk and worry of owning a hardware store or trying to keep together a family-owned construction firm. George Clooney is a world away from a paving contractor, just as making $400,000 a year on call 24/7 is not quite making $40 million investing or $2 million for a cameo.

So please no more intellectual dishonesty, Mr. President. Those in great numbers who will pay your higher taxes are not really the rarer Warren Buffets, Bill Gateses, Diane Feinsteins, Teresa Heinz Kerrys, Sean Penns, George Soroses, Oprah Winfreys, or Tiger Woodses, whose mega-wealth really does result in private jet rides, and yet exempts them from worries that increased taxes might wreck their small businesses.

A final note. You are engaged on a vast revolutionary agenda, one that if successful will create a high-tax, big government, large entitlement, UN-centered, and European-emulating country, far different from America of the past. Given you political skills and the current economic crisis, you, as FDR once did, may well pull it off.

Such radical transformation ipso facto creates winners and losers and means radical readjustments that stir passions. But the challenge of a President is to show empathy for those you must target, and some sensitivity to counter-arguments made from good intentions and sound logic.

Instead, you are beginning to create an ‘us/them’ climate of increasing passionate intensity, and unleashing zeal that cannot be healthy for the country. So far your soaring rhetoric, untraditional background, and the good will of the American people have mitigated such extremism as your Attorney General calling the nation collective “cowards” or your own serial invective again “the rich,” “bankers” and Rush Limbaugh.

But there will come a time, when you will rue the politics of class warfare and the rhetoric of the demagogue—and may find the very intensities that you are unleashing for political advantage now, later on will be precisely those that you most regret that even you cannot control.

So a little less ‘Bush did it’ or Rush this and Sean that, and a little more of the need of all Americans to debate in calm and respect dissension in these times of uncertainty in which no one has all the answers.