Obama, Taxes, and Fairness
August 19, 2008
A big part of our country seems to be motivated by the desire to punish someone else, especially those with more. Obama has clearly picked up on this, as is demonstrated with his push for ‘fairness’.
Mr. Obama, by contrast, started out much more directly, suggesting that if you make $150,000 or less you may be poor or middle class. A family with an income above $250,000, he went on to say, is “doing well.” And if you find yourself in that category, he’s going to target you for a tax hike — all in the name of creating “a sense of balance, and fairness in our tax code.”
In fact, the idea of fairness is at the heart of his whole economic argument. And he goes back to it in almost every public appearance.
He talks about it as a general theme: “It is time for folks like me who make more than $250,000 to pay our fair share.”
He invokes it as a solution for Social Security: “[W]e will save Social Security for future generations by asking the wealthiest Americans to pay their fair share.”
He points to how it guides his energy policy: “The first part of my plan is to tax the windfall profits of oil companies and use some of that money to help you pay the rising price of gas.”
And he stuck to it on capital gains, even after ABC’s Charlie Gibson noted that the record shows increased taxes on capital gains — which would affect 100 million Americans — would likely lead to a decrease in government revenues: “Well, Charlie, what I’ve said is that I would look at raising the capital gains tax for purposes of fairness.”