- LATIN AMERICA
- MIDDLE EAST
- United Kingdom
- United States
- New Zealand
- South Africa
- iHaveNet.com: Politics
by Victor Davis Hanson
Who exactly were the rich who, as the president said, were not "paying their fair share"? The rapper Jay-Z (net worth: nearly
Could both zillionaires simply have quit making money at
With all the talk of raising taxes on the supposedly conservative wannabes who make
Is Michael Moore (net worth: approximately
Warren Buffett likewise did not heed the president's advice that after 2008 it was not the time to profit. Did he pay any attention to Obama's additional warning that, "If you own a business, you didn't build that"? Apparently not.
Otherwise, Buffett would not think that his own expertise and hard work had built
If the country is going to turn redistributionist, then we might as well do so whole-hog -- given that the eight of the wealthiest 10 counties in America voted for Obama. Why not limit mortgage interest deductions to just one loan under
Under the present system, the beleaguered 99 percent are subsidizing the abodes of Hollywood and Silicon Valley "millionaires and billionaires" -- many of whom themselves have been railing against the one percent. Should the government provide tens of thousands of dollars in tax breaks for a blue-state one-percenter to live in tony Palo Alto or Newport Beach when there are plenty of fine homes far cheaper and sitting empty not far away in Stockton and Bakersfield?
Blue states usually have far higher state income taxes that are used as deductions to reduce what is owed on federal income tax. Why should working folks in Nevada or Texas have to pay their fair share, while Wall Streeters get huge federal write-offs from their New York or Connecticut state income taxes?
With the new obsessions over income and net worth, we might as well also means-test all federal programs. Should anyone -- do we remember Solyndra? -- be eligible for federal cash loans if he makes over
Remember the revolving door that Barack Obama once promised to end? The former head of his
Clinton administration apparatchiks like Jamie Gorelick, James Johnson and Franklin Raines -- without much of any banking experience -- reaped millions of dollars working at
For much of 2012, Obama waged a veritable class war against conservatives, as if they were all right-wing clones of Donald Trump and the Koch brothers. But modern Democrats -- Nancy Pelosi, George Soros, Steven Spielberg, Brian Williams or Oprah Winfrey -- are as likely to be very wealthy as are Republicans, who increasingly better represent small-business owners desperately struggling to become affluent.
Next time around, Republicans might remind us of that paradox by nominating a small-business scrapper, who -- unlike millionaires such as Al Gore, John Kerry or Barack Obama -- did not go to prep school and the
Let The Real Fat Cats Pay Their Fair Share | Politics
© Tribune Media Services, Inc