Tags: Liberalism | Redux: | Redistributing | Wealth

Liberalism Redux: Redistributing Wealth

Monday, 14 May 2001 12:00 AM

The guilty liberals of that era, faced with poverty, hunger and illiteracy, decided to rob Peter to pay Paul – only it would be Washington that would do the robbing.

However along the way they learned a few things: while they wanted to take money from the rich and give it to the poor, there really wasn’t enough ‘rich people’s money’ to pay for all these expensive new programs . So they adjusted their income limits downward.

The result?

The massive redistribution of wealth indeed happened – but it came not from the rich, but from the middle class!

That’s right. The money was taken in higher taxes on the already-strapped middle class and supposedly given to the poor. But that never quite happened either. A rapidly expanding federal bureaucracy sopped up these funds. Little of the money ever reached the intended target.

Thus, after decades of fancy liberal rhetoric and literally

Republicans and conservatives brought up during these years should have learned a basic lesson: the role of the federal government is

During the last presidential campaign it seemed as if the Bush forces had learned this lesson. G.W. Bush’s call for a massive across-the-board tax cut was to "give the people their money back.” He certainly sounded like a Reagan tax cutter.

I almost fell out of my chair Friday night when I saw on the evening news excerpts of the President’s afternoon news conference. When Mr. Bush was asked what could be done to alleviate the rapidly escalating cost of gasoline at the pump, he animatedly replied, "Pass the tax cut! Put more money in the people’s pockets to pay for the gas.”

Yes, the tax cut is to return "the people’s money.” And, yes, it is up to the people -

These were

But

Guess what?

This could quickly become the Republican version of

The tax cut – in the midst of unrestrained energy price hikes – becomes yet another massive shift of money from one group to another.

In this case it is taking the tax cut – just turned over to the ‘people’ – and giving it to the oil and energy companies!

And, furthermore, when these energy executives see the tax cut has indeed become law and that the consumers now have

The Bush Administration and the Republican Congress are playing with fire here. This "tax cut to pay for energy hikes” plan could cause the economy to deteriorate

A better plan would have been – and still is – for the tax cut to be implemented and for Bush/Cheney to use their considerable influence with their friends in the energy boardrooms to

If the tax cut is frittered away on $3 per gallon gas, the voter will take it out on the party in power.

The tax cut must not be allowed to be eaten by the energy companies.

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The guilty liberals of that era, faced with poverty, hunger and illiteracy, decided to rob Peter to pay Paul - only it would be Washington that would do the robbing. However along the way they learned a few things: while they wanted to take money from the rich and give...
Liberalism,Redux:,Redistributing,Wealth
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2001-00-14
Monday, 14 May 2001 12:00 AM
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