Thursday, May 21, 2009

Trickle Up Poverty?

By: Laura Adelmann

Obama has certainly made his position clear on the issue of taxing the rich. A modern day Robin Hood, he sees it as fair to redistribute wealth. You tax the rich as much as you can and give that to the poor and magic happens and we are all equal, socialism abounds and peace reigns. Right.

What I fail to grasp about the revival of socialism v.2.0 is why this dead philosophy keeps being resurrected. How can something fail repeatedly and still be considered viable? The poor don't get richer. The rich just get poorer as they are taxed more and more to sustain the burden of carrying numerous social programs that, in the end, don't elevate the poor. The poor continue to stagnate, dependent on the social programs that the government doles out. They are also dependent on the government and will continue to vote themselves more and more benefits, thinking that maybe more will be better, more will bring wealth. I believe we will reach the tipping point soon, when those who don't pay taxes outnumber those who do. When you have that majority, how do you convince people to give up the dole? How do conservatives ever get a foothold again when liberals are passing out all the goodies?

What can people do if things keep going down this path? When states raise taxes, the rich can call "Two Men and a Truck" and move on to greener pastures with lower taxes. If they can't outrun the taxes because it's the fed that comes a calling, they may just go Galt. After the election there were numerous articles interviewing people who intended to reduce their incomes in protest of unfair taxation. If you cant soak the rich, they'll have to move on to the middle class, which I think will open people's eyes as to the unsustainable nature of entitlements. How happy will people be to pay 50% of their income to receive less competent medical care? When cancer survival rates start to match those of Europe, will it be enough comfort to know that we are all receiving the same reduced care? When will we realize that equal isn't always an admirable goal, if equal means we all suffer.

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