SmallGovTimes.com

By: Neal Boortz | Published on 06/11/08    

Ok ... perhaps all politicians do this, but the Democrats are making it an art form. Yesterday we talked about Obama's call for a windfall profits tax on the oil companies. What he's talking about is stepping up and seizing an even bigger portion of the pensions, 401K and retirement funds of middle class America; including our teachers, nurses, police officers, soldiers and firemen.

So ... what do we have for you today in the rich history of Democrats and their spokesmen? Yesterday I watched some "democrat strategist" talking about Obama's tax plans. Sure enough, I didn't have to wait long before he pulled out that Warren Buffet line about CEOs enjoying lower tax rates than their secretaries. Give a big-time break here. That idiotic line only works because the uneducated fools who hear it and cheer don't have a clue as to the little trick that is being played on them. Sadly, many news anchors don't get it either; or if they do, they roll over and play dead when the line is delivered.

Here's the scoop. What this "democrat(ic) strategist" was really referring to is the fact that capital gains tax rates are lower than income tax rates. The key here is that a presumption is made that the evil CEO has some investments on which he pays the 15% capital gains tax rate, while his secretary pays regular income tax rates (most likely 25%) on her earned income. What the "strategist" doesn't tell you is that the highly-paid CEO is paying 33% or more on his own earned income. Only the taxes on his capital gains are lower, and it is quite likely that his secretary has some stock in the operation as well, and is paying that 15% rate on her own capital gains. This is pure deception – a deception that these yammering yahoos can get away with because (1) most government-educated Americans can't figure out that the wool is being pulled over their eyes; and (2) the reporters who interview these prevaricators don't step up and challenge the funny numbers.

The goal here? This is Democrats stirring up class envy and wealth envy. Democrats want the very letters "CEO" to conjure up in the dumb masses feelings of anger and envy. The problems of this world are cause by evil CEOs who pay lower taxes than their poor beleaguered secretaries.

Leftists also like to rail against evil corporations. To a Democrat, the word "corporation" is an epithet (unless it is included in the phrase "Corporation for Public Broadcasting). Listen to Democrat voters -- they parrot the lines perfectly. Corporate this and corporate that. They truly believe that their lives would be all blue skies and green lights if it just wasn't for the nefarious things being done by all of these corporations.

Just what is a corporation, anyway? It's a group of people who own a business enterprise. That's is. Do you have a mutual fund? How about a 401K? Maybe a pension plan? Well .. guess what, you're probably a corporate stockholder. Democrats, like the brain-dead Maxine Waters, don't like the idea of people getting together to own a business; especially a large business. Small mom and pop operations are OK, but once the business gets too large it is time for the all-powerful government to step in and run things.

As I said yesterday, let's drop all of that talk about our failing "public" schools. The truth is that these schools are doing exactly what they were designed to do. They are "educating" Americans to the point that they can actually hold down a job and pay taxes, but not to the point that they become a threat to the ruling class.

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