Tax the "Working" Rich

A great post can be found over at Eternity Road about the changing demographics of the political parties. There is a constant call by Dems. to raise taxes to pay for social programs, not all taxes but income taxes. Hedge funds are being left alone because they store wealth. By taxing incomes, it is taking money away from people who make money or work for a living. If hedge funds were taxes, then it would be on people who have money. These are the people that are already wealthy and these are the people that vote and fund the Democrats. By taxing the income of people, it keeps them from become wealthy while not taxing hedge funds allows the wealthy to get even wealthier.

A legislative proposal that was once on the fast track is suddenly dead. The Senate will not consider a plan to extract billions in extra taxes from megamillionaire hedge fund managers.

When a Dem support claims to be concerned about the poor and the middle class, ask them to explain this one. By taxing income and not “protected” money they show their concern and their desire to keep them poor and middle class.