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Old 10-31-2008, 11:42 AM   #13
TheMercenary
“Hypocrisy: prejudice with a halo”
 
Join Date: Mar 2007
Location: Savannah, Georgia
Posts: 21,393
So what happens when these top contributors are no longer around?

Adam Lerrick's "Obama and The Tax Tipping Point" (op-ed, Oct. 22) notes that we are fast approaching the point at which those who don't pay any federal income tax will be a majority of the electorate and have the electoral muscle to affect programs paid for by taxes from the other half of the society.

A rallying cry in the founding of our nation was "no taxation without representation." But when the tax structure is so progressive that half the population can create programs that are paid for by taxing the other half, we have reached the point of "representation without taxation" and turned our founding principles on their head.

We are currently witnessing a polarizing presidential campaign that promises to confiscate the earnings of 5% of the population to buy the votes of the other 95%. Am I the only member of the 95% who is offended by the idea that it is acceptable in America to confiscate another's earnings for my own comfort?

What irony to criticize the "greed" of Wall Street bankers while voting for easy money taken from others.




http://online.wsj.com/article/SB122524034781878381.html
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