Many people have taken William Kristol and others to task for suggesting that maybe the rich should be taxed at a higher rate. However, before jumping the gun and assuming that these people are liberal squishes, there needs to be a little context.
I forgot who said it (I thought it was Kristol, but I cannot find the link), but in the days after the election, a pundit looking at voter returns noted that the richest districts in the US voted inordinately for Obama. As the pundit pointed out, since Obama ran on the platform of raising taxes on the wealthy, these people voted for that tax increase. Why shouldn’t their taxes be raised, if this is what they want? Here, we are not talking about people making even $150,000 a year-we are talking about the very, very rich. This is where this meme came from.
It is quite true that it will not affect the deficit in any substantial way to raise their taxes even to confiscatory levels. However, since they wanted the bat guano Obama has been peddling, why shouldn’t they be the ones to help pay for it?
Before you squawk and say that there is a principle at stake, take a clear look at reality. It is quite doubtful that the GOP can prevent a tax increase. It may not be called a tax increase, but it is inescapable, and all our whinging will not change this fact.
As it stands, this tax will be on two groups: The middle class, and people living in red states. That is, it will fall heaviest on people who did not vote for Obama. Instead of being forced to pay for this nonsense that we did not want and did not vote for, why not use what little bargaining power we have to make Obama voters pay for it? They are, after all, the ones who think that they will benefit most from his programs. This election was nothing more than a vote to transfer money from middle class red staters to people living in blue states so they could have their free lunch. Why shouldn’t they be forced to bear this burden?
If some rich cuckoos in San Fransisco or New York put their money and support behind Obama so that the nation would go down the drain in the quest of some liberal utopia, why should we be protecting their tax rates? Why not give them what they want?
There are better things to argue about.