Reactions from the liberal Governor of New York following tax reform proves that the Democrats never really wanted to ‘tax the rich’
Liberals, Progressives, and the Democratic Party in general have for a long time used the ‘tax the rich’ mantra as an agenda item in their campaigns and rhetoric.¬† And this despite the fact that the majority of 1%ers in the U.S. are of a liberal persuasion.
And now following Congress’s passage of a Tax Reform Act, which in many instances will actually raise taxes on some of the richest in the U.S., Democratic officials are showing their true colors by lambasting the bill as affecting the rich too much.
It seems that Trump’s tax plan has officially turned New York Governor Andrew Cuomo into a “trickle down” economics guy.
Apparently unhappy that the new tax legislation will result in higher taxes for the “millionaire, billionaire, private jet owners” of his state who have mortgages over $750,000 and annual property taxes of over $10,000, Cuomo said that the White House’s efforts to “spread the wealth around” are nothing more than an effort to¬†“pillage the blue to give to the red.”
“Look, there’s always politics in crafting of legislation. But, this was an egregious, obnoxious…what the Senate was saying is because we have no Senators from the ‘Blue States’ we don’t care.¬†So let’s pillage the blue to give to the red.”
“That’s never been done in this nation before. That’s partisan politicking over any semblance of good government.”
“You want to hurt New York? You want to hurt California? They’re the economic engines.¬†How are you going to the grow the economy after your put a dagger in the heart of New York and California? It’s all politics all the time.”
And, just like that, we’ve now entered a bizarro world where ‘up’ is ‘down’, ‘cold’ is ‘hot’ and liberal Democrats no longer want to the wealthy to “pay their fair share”.¬†–¬†Zerohedge
The fact of the matter is, Democrats have become the party of the 1%, the bankers, and the elite.¬† And their desires to increase taxes have never been focused on making the rich pay a higher share, but instead to take from the Middle Class so they can funnel the money to their poor voting blocs in the inner cities.
When it comes to taxation and money, liberals have always been the party of guilt and envy.¬† However now that individuals like Warren Buffett can finally get his wish of having to pay more taxes due to their accumulation of wealth and real estate, the rich are not very happy and will use their power to afford high class CPA’s to squeeze every loophole they can so that they will continue to avoid paying taxes and decry that the system remains unfair.
Kenneth Schortgen Jr¬†is¬†a writer for¬†The Daily Economist,¬†Secretsofthefed.com,¬†Roguemoney.net, and¬†Viral Liberty, and hosts¬†the popular¬†youtube podcast¬†on Mondays, Wednesdays and Fridays.¬†Ken can also¬†be heard Wednesday afternoons giving an weekly economic report on the¬†Angel Clark radio show.