◼ All the political angst and moral melodrama about getting "the rich" to pay "their fair share" is part of a big charade. This is not about economics, it is about politics. - Thomas Sowell/IBD
Taxing "the rich" will produce a drop in the bucket when compared with the staggering and unprecedented deficits of the Obama administration.
No previous administration in the entire history of the nation ever finished the year with a trillion-dollar deficit. The Obama administration has done so every single year. Yet political and media discussions of the financial crisis have been focused overwhelmingly on how to get more tax revenue to pay for past and future spending.
The very catchwords and phrases used by the Obama administration betray how phony this all is. For example, "We are just asking the rich to pay a little more." This is an insult to our intelligence. The government doesn't "ask" anybody to pay anything. It orders you to pay the taxes it imposes and you can go to prison if you don't.
...there is no need to assume that Barack Obama is mistaken about the way to get the economy out of the doldrums. His top priority has always been increasing the size and scope of government.
If that means sacrificing the economy or the truth, that is no deterrent to Obama. That is why he is willing to play chicken with Republicans along the fiscal cliff.
◼ SOWELL: OBAMA’S ‘FAIR SHARE’ AND ‘EASING’ RHETORIC IMPOVERISHES US ALL, LITERALLY - Thomas Sowell/Human Events
