As President Bush unveiled his economic
stimulus plan, Democrats danced like the Rockettes, with all
knees jerking in unison to the tune of "Tax Cuts for the Rich."
"His proposal is an assault on the middle
class to the benefit of the wealthy," Representative Charles B.
Rangel, Democrat of New York bellowed. "He says it will give the
economy a shot in the arm. I think it will give the economy a
shot in the foot," Senate Minority Leader Tom Daschle
hyperventilated.
"To use the need for an immediate economic
stimulus as an excuse to enact costly new permanent tax breaks
for the wealthy is a cynical and disheartening ploy," said one
of the wealthiest members of the Senate, Edward Kennedy of
Massachusetts. Joseph Lieberman weighed in with this diatribe,
"[Bush] has put forward an irresponsible, ineffective,
ideologically driven wish list."
By reading from the same old shabby playbook,
Democrats are making a huge mistake. They have assumed the only
investors on Wall Street are "The Rich."
While criticizing the president's plan,
principally because its centerpiece is the elimination of taxes
on dividends, they are ignoring the numbers of middle class
people who invested in the stock market over the past ten years.
These investors will benefit greatly from the
elimination of double taxation on stock dividends. They have
suffered cumulative losses approaching $7 trillion in the stock
market's swoon. These people also vote, by the way.
Tax cuts aren't for "The Rich;" they are for
those who pay taxes. It's simple third-grade arithmetic to
understand that people who pay the most in taxes should benefit
the most from a tax cut. There is nothing immoral about this
concept; it's morally neutral.
Democrats love to demagogue this to death.
Once again they have assumed the role of God. They alone are the
saviors of the middle-class. Only they can determine what is
fair.
If only God Himself could intercede, then
maybe reason would prevail.
But God has spoken explicitly on the issue of
"The Rich" and has implied what He considers "fair" in terms of
a person paying his "fair share."
The writers of the Bible were more concerned
with the intentions of a person's heart regarding money than the
amount that person had in his bank account. The apostle Paul
wrote that it is the "love of money," not money itself, that is
"the root of all kinds of evil."
It is also instructional to note what God
considers fair in terms of a person paying his fair share.
Imagine if on April 15, Americans filled out
God's 1040 EZ return instead of the one the IRS provides. This
is how it would read:
Line 1: Total wages, salaries and tips.
Line 4: This is your adjusted gross income.
Line 6: 10% of line 4.
Line 10 Tax. Use the amount on line 6 above.
Although God calls it a tithe, not a tax, His
idea of what is fair is a flat rate of 10% applied across the
board. During the Old Testament period, the person who earned a
million dollars was expected to tithe $100,000 of his income.
Similarly, the person who earned $50,000 was expected to tithe
$5,000.
Please note that the million-dollar wage
earner's tithe is twenty times larger than the person who earned
$50,000.
Abraham, one of the richest men of his day
paid a tithe to Melchizedek, the King of Salem, and everyone was
happy with that arrangement, including God.
Of course there were no Democrats back then
to demagogue the issue.
It has finally come to this: The Democrats
think they know better than God what is "fair" when it comes to
paying taxes.
God help us.