Larry Kudlow well captures the Democrats' spiel about the economy. Talking about how they wish to roll back most (or all) of the recent changes in our tax system, he writes:
Modern Democrats love jobs but can't stand the businesses that create them. They also claim to want prosperity, but don't want anyone to get rich should prosperity come about. Kerry and Edwards, for example, propose a sharp steepening of marginal tax rates on upper-income brackets and the investments that successful earners would make. But if these policies came to pass, they would rob the economy of the vital incentives necessary to expand the supply of capital that is crucial to inventing new products, forming new businesses and creating new jobs.
Democrats truly do seem somewhat schizophrenic on this topic to me. What entities do they expect to creat jobs: NPR and NOW? Nope. Business will be the engine that creates job. Assuredly, however, business is the whipping boy of the Democrat party. And Democrats continually moan about all the Americans who are not well-off. Yet, let these same Americans enter the ranks of the wealthy ... now these people will find themselves described as grasping, selfish and loathsome for having "made it."
Are these really the people we want in charge of things?
Good post, Peg. The Democrats don't understand where wealth comes from. They think it grows on trees.
Posted by: Keith Burgess-Jackson | Friday, February 27, 2004 at 01:48 PM