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Friday, April 02, 2010

Chicago Does Socialism

Connect the dots of Obama’s first year — an ugly picture emerges.
by Victor Davis Hanson
National Review Online

We can have a rational debate on any one item on President Obama’s vast progressive agenda, arguing whether adjectives like “statist” or “socialist” fairly describe his legislative intent. But connect all the dots and lines of the past year, and an unambiguous image starts to materialize.

New Programs

The problem is not individual legislation, whether passed or proposed, involving the gamut of issues: healthcare, bailouts, stimuli, education loans, amnesty, cap and trade. Rather, the rub is these acts in the aggregate.

The president promises a state fix for healthcare; then student loans; and next energy. There are to be subsidies, credits, and always new entitlements for every problem, all requiring hordes of fresh technocrats and Civil Service employees. Like a perpetual teenager, who wants and buys but never produces, the president is focused on the acquisitive and consumptive urges, never on the productive — as in how all his magnanimous largesse is to be paid for by someone else.

That Medicare and Social Security are near insolvency, or soon will be; that the Postal Service and Amtrak are running in the red; that a day at the DMV, county-hospital emergency room, or zoning department doesn’t inspire confidence in the matrix of unionized government workers and large unaccountable bureaucracies — all this is lost on the Obama administration.

Utility means nothing. So long as the next proposed program enlarges a dependent constituency and is financed by the “rich” through higher taxes and more debt, it is, de facto, necessary and good. Equality of result is to be achieved both by giving more to some and by taking even more from others.

Taxes

The same pattern emerges when it comes to taxes. Most Americans could live with Obama’s plan to return to the Clinton tax rates of about 40 percent on the top brackets. But that promise is never made in a vacuum. Instead, there is an additional, almost breezy pledge to lift caps on income subject to Social Security and Medicare payroll taxes — 15.3 percent in some cases — on top of the income-tax increase.

At other times, an idea like a new healthcare surcharge is tossed about — on top of the previous proposals for payroll- and income-tax increases. That new bite likewise, in isolation, perhaps is not too scary. But Obama is planning these 1-2-3 increases at a time when most of the states are already upping their own income-tax rates — in some cases to over 10 percent.

Once again, Obama never honestly connects the dots and comes clean with the American people about the net effect: On vast swaths of upper income, new state and federal taxes — aside from any rises in sales, property, capital-gains, or inheritance taxes — could confiscate an aggregate of 65 to 70 percent.

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1 comment:

  1. So glad the "National Review Online" is worthless

    ReplyDelete

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