Elizabeth Warren’s ‘Social Contract’ an Ideological Fantasy
Do you really think that there are huge differences between Elizabeth Warren and Scott Brown?
Everyone knows that we have to have some taxes. Working out what the percentages are for each income category leads us to make all sorts of extreme statements and judgements. Is it true that the difference between a “capitalist” and a “socialist” is about a 5% swing on taxes?
Capital gains folks want to pay a lower % because their money is more valuable. The poor want to pay a lower percent because they need the money more. O’Reilly said last night that he is willing to pay an extra 5% IF spending is cut. Ostensibly, he is putting something like a 5-5 plan out there to rival my 4-4-4 plan, which I will now amend to a 5-4-3 plan. If we raise taxes 5% (on the million plus that generates much less money than the amount we would be cutting with a 4% cut (realistically only certain areas will get cut, and it is hard to imagine ANYTHING getting real cuts, rather than limits to growth. Qualifying public employees retirees will get stiffed 3%, NOW, not in projected future adjustments.
The first principles conflict that we have had for some time is that Dems refuse to cut spending and Repubs refuse to raise taxes, leading to the deficits. Both have to give at least a little, evoking gnashing of teeth here and its equivalent sites on the left.
