Be very afraid. With the commencement of the 110th congress one of the stated goals of the newly minted Democrat majority is to help the middle class grow. Oh no. If you want to do that, then get out of the way. Reduce regulations on people's businesses. Preserve the Bush tax cuts. Let people keep more of their money. Get an economic clue and learn that the government doesn't help to build up business and make people rich -- people permitted the freedom to spend their capital as they see fit do.
Since we're talking about the middle class let's define it. At what income level does the middle class start? Where does it end? While we are at it, please define "Rich." At what income level does one become rich? Does exiting the middle class (upward exit, of course) mean we are now rich? We've seen rich defined as $100K annual income. For a married couple filing their taxes jointly, that's not exactly what we'd call rich. It's time for the Democrats to stop playing class games, define the terms they are using and lead the country. It's what they've been craving since 2000, now is their chance. However, based on a goal like "growing the middle class" we fear we are in for typical American-progressive squishiness that only succeeds in growing the size of government and creating an ever larger bureaucracy -- not exactly something we need.
Thursday, January 11, 2007
Growing the Middle Class
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