Monday, December 13, 2010

 

John Steele Gordon relates a conversation he once had with a "very liberal" friend:
I proposed a thought experiment. “Suppose,” I said, “there were an economic magic bullet — that if Congress would pass the necessary legislation and the president were to sign it, the effect would be to double everyone’s real take-home income. If you were living on $50,000 this year, you’d have $100,000 to spend next year.”

“Sounds great,” she said.

“But there’s a catch,” I answered. “The effect of the magic bullet would not double the take-home income of those earning over $1 million — it would quintuple it. In other words, the rich would make out far, far better than the average Joe. But there’s no way out, it’s all or nothing. Would you vote for the magic bullet if you were a member of Congress?”

“Certainly not!” she indignantly replied.

“Fine,” I said. “Now it’s six months later and you’re running for re-election. A constituent comes up to you and says, ‘I’m an English teacher at the local high school. I take home $50,000 a year. I have a daughter who needs serious orthodontics that’s not covered by insurance, my son has learning disabilities and has to be tutored, I’m driving a 10-year-old Buick that will have to be replaced very soon, and my mother-in-law will not be able to live on her own much longer. We never go away on vacation and seldom eat out. You voted against my earning an additional $50,000 a year because you objected to Mr. Bigbucks getting $5 million a year instead of $1 million. I don’t give a damn what the Rockefellers earn. I care about what I earn so I can take care of my family.’ What do you tell him, in order to win his vote?”

Her response: “It’s time for dinner.”
Gordon's conclusion: that "high tax rates on the rich is a religious principle with the left. If the poor have to suffer because of it, so be it."