Our Benevolent Marxist Masters
Obama's budget obfuscates the difference between "need" and "desire."
February 13, 2012 - 4:07 pm
Similarly, Mr. Lew believes himself in a position to be able to judge how much of their own money the taxed “need,” and should therefore be allowed to keep. Ayn Rand encapsulated this attitude in section 2, chapter 4 of Atlas Shrugged:
Who is the public? What does it hold as its good? There was a time when men believed that “the good” was a concept to be defined by a code of moral values and that no man had the right to seek his good through the violation of the rights of another. If it is now believed that my fellow men may sacrifice me in any manner they please for the sake of whatever they believe to be their own good, if they believe that they may seize my property simply because they need it – well, so does any burglar. There is only this difference: the burglar does not ask me to sanction his act.
Nor does he cloak his burglary in the faux language of “reasonableness” and “fairness” and “moderation” and “balanced approach.”
And as Larry Kudlow points out, the mindset shows up in the president’s budget (no doubt with the approval of former budget director Lew):
…it’s really a class-warfare, tax-the-rich budget. Layer upon layer of tax hikes are piled on successful investors, small-business owners, and corporations.
The capital-gains tax goes from 15 percent to 24 percent (including Obamacare). The dividends tax goes from 15 percent to nearly 40 percent, and that’s not including the double tax on corporate profits embodied in dividends and capital gains. The Bush tax cuts for top earners are repealed. There’s the 30 percent Buffett-rule minimum tax on millionaires. The carried-interest tax for private equity, hedge funds, and other investment partnerships goes from 15 to 39.6 percent. The estate tax jumps to 45 percent. Oil and gas companies get hit. And there’s probably more stuff in there I haven’t read yet.
They continue to make it clear that the time for austerity is never, except for the productive. They intend to ensure that the resources will continue to be taken from those with the ability, but who don’t “need” them, and provided to those who they think do, so they can continue to purchase the votes of the latter with our money, and maintain their grip on power. And as they did yesterday, their fellow-traveling lapdogs in the media will remain complicit in helping them cover up what they really are, and what they really do. But we don’t have to help them.