Mystery to Some, But Not to Me


John Gruber, widely respected Apple pundit, says:

What’s fascinating is that against this backdrop, last week’s election went to the Republicans, who admit that their top priority is passing large tax cuts for the richest 2 percent of Americans. I know much has been written about this, but I think it defies easy explanation how economic policies that benefit so very few enjoy the support of so many

Two things jump immediately to mind:

  • He still doesn’t understand that the incredible leftward list that this country underwent in the last two years has been rejected as being too far to the left, regardless of the policies of the winners. The election’s results pretty clearly announce, Our bad1, that was too far.

  • Everybody wants to win the lottery. Everybody wants to make astronomical amounts of money as a movie star, sports star, or highly-paid CEO. But nobody wants to see those winnings or “earnings” taxed so as to discourage those who aspire to win or work. Why bother buying a lottery ticket or auditioning repeatedly or practicing if the only thing you’ll get for your effort is taxed?

Not that I’m saying that I necessarily agree 100% with the economic policies of either party. But if we’re going to go as far as to tax unearned income, such as those that I get by making smart stock market decisions (I think “deserved”—the governments sees “lucky”), we might as well tax the hell out of Tiger Woods and the like because their unearned income is far more than what they should get paid for a round of golf or for posing with a pair of shoes. I wouldn’t want that, though.

Unfortunately, we’re already headed down that path, what with the definition of a rich single person being earnings of $200,000 per year and a rich couple being earnings of $250,000 per year (that’s combined).2 Anything more is clearly too much.

I guess that’s the price we have to pay for working hard enough to buy food for our families, pay our bills, pay our school loans, and pay our business loans, none of which are tax deductible.

1 Note that I place the blame on the voters, not those elected. They probably thought, in spite of the polls, that they were just fulfilling their mandate.

2 Here’s a reference to the marriage penalty and the health care reform bill. It was written before the bill’s passage, but it made it through and is, in fact, referenced in my corporation’s health care plan descriptions this year. Frankly, I’m not so sure that if I were part of a LGBT couple that I’d be fighting for equal treatment…

Recent Comments