Friday, May 09, 2008

Obama courts the envy vote: promises CEO tax hike

In an interview with CNN's Wolf Blitzer yesterday, Barack Obama promised to stick-it to evil Corporate America by raising "CEO Taxes" when he becomes President:

“If you’re a CEO in this country you’ll probably pay more taxes,” Obama said. Obama speculated his CEO tax rates “won’t be prohibitively high, you’ll pay roughly what you did in the 90’s when they were doing fine.”

Obama also said he would eliminate the Bush tax cuts and install what he called a “middle class tax cut.”

Blitzer asked Obama to define “middle class.”

Obama replied, “You know, I think the definitions are always a little bit rough” and said “if you’re making $100,000 a year or less, then you’re pretty solidly middle class…On the other hand, if you’re making more than $100,000 and certainly if you’re making more than $200,000 or $250,000, you’re doing pretty well.”

"Solidly middle class"? Says who? Apparently for Obama and liberals like him, it's all about digits. $99,999 puts you in the middle. One more dollar and you're a heartless corporate FATCAT -- or at least you get invited to their cocktail parties. Either way, you clearly have more than you need and it's time to give some of that excess wealth to those we have determined to be the less fortunate -- that poor Joe who is struggling to make ends meet on a meager $50,000. Curiously enough, the less fortunate in this country still seem to have managed to scrounge up enough pennies on their paltry income for a satellite dish and a 42" HDTV. But, as Obama and his ilk will gladly point out -- they don't own a private yacht like the average CEO does -- and that's just not fair.

In truth, it's all relative. A person living in a hut in a third world country would view even the lower class in America as "well off" -- and would probably wonder why some of them don't work a little harder given the freedom and opportunities they have. The middle class would look absolutely fabulously stinking rich in their eyes. Two cars? Electricity? Plumbing? Life is sure good over there.

So where do liberals like Obama get their numbers? Nowhere. They are purely arbitrary and are based on emotion rather than any solid data. $100,000 "sounds" rich to a person making $36,000. But even someone making $36,000 a year can still have a decent quality of life provided they manage their money. Conversely, there are people making $250,000 who are barely living within their means. It's all a state of mind.

But Obama's philosophy is nothing new. It's the typical liberal strategy -- divide people into classes, pit the lower against the higher, and then position yourself as the hero who will charge in and make things right. Obama has merely tweaked it a little by giving the enemy a face -- the face of Bob Nardelli, Michael Eisner or any other of a growing list of famous CEO's who have become notorious for their apparent greed and excess. By adding this extra emotional layer Obama hopes to garner that "solid" middle-class vote.

Labels: , , , , , ,