My hometown newspaper is the Raleigh News & Observer. In a state that sent Jesse Helms to the Senate for 6 terms, the N&O has managed to maintain a consistently anti-conservative editorial policy. But after today's board editorial, I'm really starting wonder about who these editorialists really are. Are they (1) Principled Socialists bent on the redistribution of wealth? (2) Hacks who read the latest press release from the Democratic National Committee and then play parrot? (3) Government employees who want to concentrate more and more of society's wealth and power into the hands of bureaucrats? 4) Stupid?
I'm leaning toward number 4. The editorial says nothing new . . . nothing different than you'd find in the latest DNC press release:
But let's understand just who's getting most of the money: the rich. They'll get it in the form of lower taxes on stock dividends and capital gains and a lower rate for the top income bracket.Actually, all income brackets will see their rates drop, so beyond just being poor reasoning, the editorial actual merits printing in the New York Times. But how about some real thinking? Maybe an editorial that considers the fundamental nature of our tax system? I bet it has never occurred to the N&O that most of the government's income tax collections come from those people with, well, income. The government doesn't collect income taxes from the poor and it doesn't collect a lot from the middle class (much is for social security and other programs for the non-wealthy). No, from them the government collects sales taxes, gasoline taxes, liquor and tobacco taxes. Yet the N&O and their comrades on the Left always seem to want to raise these. So, the real meaning of the editorial is "screw the poor and the wealthy".
