The President indicated those “on the top” should pay higher Taxes
From my Writing Room
Copyright © 2021 by Uwe Bahr
He did not know that 20 years ago?
The new president, two days ago, talked about the trickle-down effect: “We’ve seen time and again that trickle-down doesn’t work.” He was alluding to the huge tax cuts for “those on the top and [the hope] that the benefits they get would trickle down to everyone” – tax giveaways granted the richest people and enterprises over the past 15 years (it was most likely a few more years, probably reaching back to the Reagan-Administration). He now sees a need “to change the paradigm.” That’s correct.
“Eine Kraehe hackt der anderen kein Auge aus”, as the old German saying goes. Freely translated: There’s honor among thieves. Because representatives of both parties are able to wheel and deal with lobbyists from the “very top”, my fear is that in the end not the billionaires, but representatives of the higher educated class will have to pay for the bulk of a new tax burden. In other words: those who were not eligible for the latest stimulus check because they are above a certain income level. If this happens, it would be a serious mistake by the Biden administration – because it would hurt America’s innovative future.
What Joe Biden did not say last Friday in the Rose Garden is the following: It is a misconception to assume that a national economy regulates itself in such a way that there is justice in the end for the many. From this follows what already John Adams and Teddy Roosevelt knew: The state needs to implement government power to tame nefarious profiteers permanently (the true “top”, which I hope Biden meant) and protect those Americans in their rights that are toiling day after day at the edge of the society to no avail. Will it take another 20 years before a majority of Americans come to this realization?
Because he left this part out, Biden was only talking about half of a plan that would really improve the livelihoods for the majority of Americans. Or did he omit this part on purpose and is clandestinely already on a path to “social democratize” the United States – a path that most Americans seem to confuse with “Socialism?” Has anyone actually realized that the Corona crisis is the last point in which it becomes clear that the United States, with all diversity and disparity, cannot go on as before if it wants to be prepared for the future?
The churches in particular have supported Trump and hatefully painted the specter of Socialism on the wall, fearing that Satan in the form of a Democrat might come after them, brandishing the tax bill with glowing eyes. Unfortunately, it is to be feared that hardly such a thing as taxing the churches will occur, although the President also said the following: “By the way, we don’t have anything against wealthy people. (If) you have a great idea, go out and make millions of dollars, that’s fine. I have no problem with that. But guess what: You’ve got to pay your fair share.”
Amen, Mr. Biden.