POLITICS - Guess What, If You Make LESS Than $1 Million/Yr, You're a Freeloader

"Have Average Taxpayers Become Freeloaders?" by Sam Pizzigati, Too Much

Excerpt

Opponents of the proposal for a 5.4 percent health care reform surtax on America’s wealthy are getting desperate. How desperate? They're turning their fire on middle-income Americans.

Friends and fans of privilege have been striking their indignant pose the last two weeks. They’re shocked, simply shocked, that House Democratic leaders would dare advance a health care reform plan that sets a 5.4 percent surtax on households making over $1 million a year.

Affluent Americans, flacks for grand fortune are fuming, already pay the bulk of the nation’s income taxes. They'll pay virtually all of it, these critics charge, if the surtax becomes law and Congress lets the George W. Bush tax cuts for the comfortable expire, as scheduled, after 2010.

Amid all this, the most indignant of fortune’s defenders now seem to believe, average Americans have become irresponsible freeloaders, ever eager, as conservative columnist Caroline Baum puts it, to “encourage their elected representatives to vote ‘yes’ on every new benefit that comes down the pike.”

Fulminates David Harsanyi, a Denver Post columnist outraged by the health surtax notion: “President Barack Obama once promised to spread the wealth. How about spreading the responsibility, as well? Let the everyday citizen feel the cost of these gazillion-dollar legislative miracles.”

In reality, of course, everyday American citizens are pulling their weight and then some. They actually pay a higher share of their incomes in taxes — total taxes, not just federal income tax — than super rich Americans.

Maverick billionaire investor Warren Buffett has been trying to make this point for some time now. He and his fellow billionaires, Buffett notes, pay taxes at a lower overall rate than their receptionists do.

Two years ago, Buffett bet a million dollars to back up that proposition. He challenged any billionaire in the Forbes 400 to prove him wrong. So far not one has.

Those Forbes 400 billionaires and their cheerleaders live in a fantasy land where average folk who work hard enough can always “succeed” and get rich. In our real world, here early in the 21st century, average people work hard and watch the rich get richer.

Just wait, I'll join the bandwagon just as soon as I win the next $10-mill lotto.