Is John McCain stupid, or does he believe we are? That's the question as he criticizes Barack Obama for allegedly trying to "redistribute the wealth" with a plan to lower taxes on the middle class and raise them on the super-rich.
Of course, the Democrat's proposal would merely slow down (not fully halt) the less-talked-about redistribution whereby Washington sends middle-class money up the income ladder. Either McCain doesn't know about this kleptocracy and is the dumbest presidential candidate in history, or he thinks America is too ignorant to recognize theft. Which is it?
I'm guessing the latter, since the evidence is so overwhelming.
In the last eight years, we the little people have been forced to provide more and more of the taxes fueling America's redistribution machine. As the Congressional Budget Office reports, the $715 billion in tax breaks that President Bush gave to those making more than $342,000 a year began dramatically shifting the overall tax burden from the rich onto the rest of us. Meanwhile, because of lobbyist-crafted loopholes, most corporations pay zero federal income taxes, according to the Government Accountability Office. The result is what Warren Buffett admits: When counting all taxes (income, payroll, property, etc.), billionaires and Big Business often pay lower effective tax rates than their employees.