President Obama has made it clear in the last few weeks that he opposes extending the Bush-era tax cuts for the wealthier (those making over $250,000), yet he supports extending those for the “middle class” (those making less than $250,000). Why the distinction?
If you ask him and those like-minded, they will tell you it is because the wealthy do not need, and would not miss, the money they would be forced to give to the government should their cuts expire. Those making below the magic number of $250,000, however, need the money and would spend it in better ways than those above that amount would — so the argument goes. He recently told ABC News that, “There are a whole bunch of better ways to spend the money,” adding that tax cuts to the rich was most likely “the least efficient way of giving the economy a boost.”
[picapp align=”left” wrap=”true” link=”term=obama+tax+cuts&iid=9786890″ src=”http://view4.picapp.com/pictures.photo/image/9786890/president-obama-speaks-the/president-obama-speaks-the.jpg?size=500&imageId=9786890″ width=”234″ height=”180″ /]But lost in this argument is indication of why it should be government that decides who needs or does not need their own money (which is what tax money is – the taxpayer’s money, not the government’s). What gives Obama and his compatriots in government the wisdom to decide whose money to take and whose to not take?
Do we really want individuals in government who find it perfectly acceptable to make the call about which Americans deserve to keep more of their money and which do not? It all sounds nice when these opponents of tax cuts for the wealthy appeal to “fairness” and support for the middle class, but who gave them this power to decide?
These questions should be answered, unless we want to continue granting politicians the power to arbitrarily come up with a number and decide those falling below it are more worthy of keeping their own money. Until then, to those who are above that number: Pay up; we need your money, and you don’t!