That's "PROGRESSIVE". They deny they're socialists, and they call their agenda "progressive" now.....
Posted on 01/06/2007 4:01:26 PM PST by FairOpinion
Economic Policy: With their newfound clout in Congress, Democrats have vowed to take action against a serious threat to America's economy: growing income inequality. Too bad the data don't back them up.
Give the Democrats credit for one thing: They know that by repeating something often enough, even if it's not true, the media will pick up on it and run it. It then becomes common wisdom, regardless what the reality is.
So it is with income inequality. Two key elements of the Democrats' agenda for their first 100 hours in power assume that income and wealth inequality in America is a.) growing and b.) needs to be addressed right away.
Democrats, for instance, want to restore pay-as-you-go budget rules, which would force Congress to find budget cuts or raise taxes anytime it spends more money. It sounds harmless, even fiscally responsible. But it is a Trojan horse for the Democrats to raise taxes, especially on those Americans they deem to be wealthy.
Look at taxes. The share of income taxes paid by the rich — defined as those in the top 5% of incomes — has risen from 21% in 1980 to 33.5% now. It's up two percentage points under Bush, even after his tax cuts supposedly for "the rich." Is that "reinforcing" inequality?
(Excerpt) Read more at investors.com ...
That's "PROGRESSIVE". They deny they're socialists, and they call their agenda "progressive" now.....
They want power. The system that gives government the most power is socialism. If Fung Shui concentrated all the power with a handful of people in Washington, they'd be for that.
They don't care the least little bit for the "poor". They just want them dependant on government.
The share of income taxes paid by the rich — defined as those in the top 5% of incomes — has risen from 21% in 1980 to 33.5% now.
While it doesn't account for all of the increase, the percent of income earned by the top 5% has also increased.
Yes. Agreed. The better measure of an individual's or a family's financial strength is the net worth relative to the local area. One family could be making $150,000 annually but have $600,000 in a mortgage, auto loans, student loans, and credit card debt. Plus, families with $100,000 annual household income are the norm here in Loudoun County, Virginia but very rare in a poor county in the mountains of West Virginia.
Oh, they're quite progressive. They are progressively running this country into the ground and her people into a sinkhole of misery and poverty.
The better word for the Democrats and their ilk is regressive.
True, the amount of realized wealth in this world is never constant.
Perhaps the government should stay out of the business of wealth redistribution...because it brings out the worst in humans.
Yes, they do and to raise taxes on EVERYONE but themselves and their "pals". It's disgusting!
Yeah, that's probably more accurately descriptive, or (if there is such a word), maybe "depressive"....
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