A moment of truth has arrived for President Obama and the Democratic party. According to the NY Times, in order to pay for meaningful health care reform, Democrats in the House are proposing an income tax surcharge on the wealthiest Americans: a piddling 2% for those earning more than $250,000, somewhat more for those earning $500,000 and still more for those earning $1,000,000 or over. Considering the extreme inequalities of compensation that have been the norm in this country for many years now, this is the sort of legislation that is long overdue. However, according to the Times, it's "an idea that Senate negotiators have all but dismissed as unworkable."
We keep hearing complaints about the cost of "entitlements" (fat-cat-speak for the social safety nets that keep our country from descending into barbarism), but when even the most modest tax increases on the most entitled among us are proposed, all we hear is that such measures are "unrealistic," politically out of the question, "unworkable."
Interesting. Especially in the light of the latest news regarding the Swiss bank UBS, where reportedly as many as 52,000 of the wealthiest Americans, hiding billions from the IRS, will most likely remain safely anonymous, protected by the "honor" of the Swiss government as part of a shameful "deal" with the Obama administration.
If every single Democrat in the House and Senate does not actively support this long overdue tax surcharge on the wealthy, then the name of each and every one opposing it should be posted on every blog on the Internet -- and every store front on "Main Street."