Inconvenient Facts for the Party of Fairness
A Fairness Quiz for the President
Is it fair that some of Mr. Obama's largest campaign contributors received federal loan guarantees?
By STEPHEN MOORE, WSJ Opinion, February 7, 2012
President Obama has frequently justified his policies—and judged their
outcomes—in terms of equity, justice and fairness. That raises an obvious
question: How does our existing system—and his own policy record—stack up
according to those criteria?
Is it fair that the richest 1% of Americans pay nearly 40% of all federal
income taxes, and the richest 10% pay two-thirds of the tax?
Is it fair that the richest 10% of Americans shoulder a higher share of their
country's income-tax burden than do the richest 10% in every other
industrialized nation, including socialist Sweden?
Is it fair that American corporations pay the highest statutory corporate tax
rate of all other industrialized nations but Japan, which cuts its rate on April
1?
Is it fair that President Obama sends his two daughters to elite private
schools that are safer, better-run, and produce higher test scores than public
schools in Washington, D.C.—but millions of other families across America are
denied that free choice and forced to send their kids to rotten schools?
Is it fair that Americans who build a family business, hire workers, reinvest
and save their money—paying a lifetime of federal, state and local taxes often
climbing into the millions of dollars—must then pay an additional estate tax of
35% (and as much as 55% when the law changes next year) when they die, rather
than passing that money onto their loved ones?
Is it fair that after the first three years of Obamanomics, the poor are
poorer, the poverty rate is rising, the middle class is losing income, and some
5.5 million fewer Americans have jobs today than in 2007?
Is it fair that roughly 88% of political contributions from supposedly
impartial network television reporters, producers and other employees in 2008
went to Democrats?
Is it fair that the three counties with America's highest median family
income just happen to be located in the Washington, D.C., metro area?
Is it fair that wind, solar and ethanol producers get billions of dollars of
subsidies each year and pay virtually no taxes, while the oil and gas
industry—which provides at least 10 times as much energy—pays tens of billions
of dollars of taxes while the president complains that it is "subsidized"?
Is it fair that those who work full-time jobs (and sometimes more) to make
ends meet have to pay taxes to support up to 99 weeks of unemployment benefits
for those who don't work?
Is it fair that those who took out responsible mortgages and pay them each
month have to see their tax dollars used to subsidize those who acted
recklessly, greedily and sometimes deceitfully in taking out mortgages they now
can't afford to repay?
Is it fair that thousands of workers won't have jobs because the president
sided with environmentalists and blocked the shovel-ready Keystone XL oil
pipeline?
Is it fair that some of Mr. Obama's largest campaign contributors received
federal loan guarantees on their investments in renewable energy projects that
went bust?
Is it fair that federal employees receive benefits that are nearly 50% higher
than those of private-sector workers whose taxes pay their salaries, according
to the Congressional Budget Office?
Is it fair that soon almost half the federal budget will take income from
young working people and redistribute it to old non-working people, even though
those over age 65 are already among the wealthiest Americans?
Is it fair that in 27 states workers can be compelled to join a union in
order to keep their jobs?
Is it fair that nearly four out of 10 American households now pay no federal
income tax at all—a number that has risen every year under Mr. Obama?
Is it fair that Boeing, a private company, was threatened by a federal agency
when it sought to add jobs in a right-to-work state rather than in a
forced-union state?
Is it fair that our kids and grandkids and great-grandkids—who never voted
for Mr. Obama—will have to pay off the $5 trillion of debt accumulated over the
past four years, without any benefits to them?
Mr. Moore is a member of the Journal's editorial board.
No comments:
Post a Comment