Tax Lawyer's Blog

Paul Caron reports that Senate Democrats intend to raise the Capital Gains and Dividends tax in order to help fund health care reform:

Bloomberg reports that Democrats on the Senate Finance Committee are considering embracing a proposal put forth this week by Citizens for Tax Justice to applying the 1.45% Medicare tax to capital gains, dividends, and interest to fund health care reform, coupled with a 2.5% surtax on incomes over $200,000 (single) and $250,000 (joint).

We recently wrote about the surtax on the rich at Democrats Propose Special Surtax on the “Rich” to be Added to Obama Tax Increases.

The cowardly politician by proposing to tax the rich knows he will lose a few voters at the top of the food chain, but he also knows that he will compensate for it in spades by the phalanx of voters he gains at the bottom.

Historically, one of the tried and true ways propagandists have garnered public allegiance is by propping up in the mind of the average person a Strawman - a false enemy who is the source and sole purveyor of his woes – and then driving him to his grassy knees.

It doesn’t take a Josef Goebbels or a Hugo Chavez or a Fidel Castro to persuade the have-nots that they have not because of the serial wickedness of the haves.

It’s an easy sell because it’s pretty to think so.

The simple truth is that many Democrats want to tax the rich for the same reason a dog licks himself.

Because they can!

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