Preaching that this is not class warfare generally precedes a volley in the self destructive attacks on the wealthy. It is like the shyster who precedes a dishonest act with “trust me.”
There was some news of some of the protesters on Wall Street being paid to march. That pretty much sums up the integrity of their argument.
Apparently the Democrats do not agree what wealthy is. The president wants to define it as over $200,000 for singles, $250,000 for households. Chuck Schumer and Nancy Pelosi thinks it should be over $1,000,000 in income. I have contended that clarity destroys poorly thought out plans. For the controlling elites excess wealth is the income from anybody who either a) makes more money than they do or b) makes it in an industry or profession that they deem less worthy than their chosen or preferred profession.
Speaking of poorly thought out plans, Herman Cain’s 9-9-9 plan smacks of yet another poorly thought out populist idea. I like Herman Cain in many ways and I like a consumption tax for several reasons, but the devil is in the details and tax policy is no place to think out loud. It takes some thought.
The President’s jobs bill was dead on arrival: another poorly thought out plan, a political hip shot at poor economic performance. The tax increases from the health care bill have not even taken effect yet and he is already piling on additional taxes. Republicans in the Senate have petitioned to bring it to the floor (assuming to embarrass the president and his own party) and Harry Reid has killed the vote. The bill does not even have a co-sponsor from his own party in the House. Yet the Republicans are blamed for obstruction. This is not a serious effort to stimulate job production; it is a cheap political stunt.