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27.10.04

The poor logic of progressive income taxes

As John Kerry repeatedly tells us, he will "roll back tax cuts on the middle class", meaning of course that he will raise taxes. He says he will fight for the middle class while forcing the wealthiest among us to shoulder even more of the burden than they already do. So, in a nutshell, Kerry's plan is as follows: I will help the middle class become financially stable but once you do, I'll punish you for having done so. In other words, the middle class should work hard, get educated, make wise choices and invest their money so that one day they can have their hard earned money taken away and given to those who fail to do the same things. Yea, that's fair.