Tax Fairness or #GOP Storytelling

The Republican Party believes that capital gains, investment income and carried interest earnings are either appropriately taxed at a lower level than ordinary income or deserve to have taxes removed all together.

The latest defense of lower tax treatment states this is money previously taxed therefore it warrants this reduced tax rate.

Balderdash!

The money that has been taxed is not the capital gain, the interest income or the carry interest trade, the money that has been previously taxed is the principal used to create this new income, or stated another way, the previously taxed money generates new income that has NEVER before been taxed.

The income in question here is new, never before taxed ordinary income for a person fortunate enough to be in a position to earn capital gains, investment interest or more blatantly unfair, hold a job where their income is derived from managing other peoples money.


Class warfare exists in an unfair tax code which treats those who either through hard work and success or through inheritance are afforded tax subsidies that those less fortunate are not presently able to take advantage of in order to raise their stead in life.

It is the very politicians whom cry foul when the question of tax fairness is raised, those who suggest a discussion on tax fairness is some form of class warfare who have rewarded the wealthy and powerful who assisted them in maintaining their cushy government jobs. The wealthy and powerful have the capacity to spend money lavishly lobbying politicians who are constantly running for election.


#Vote2012