The McCain campaign’s “attack theme du jour” – that an Obama administration would impose a socialist wealth-sharing regime – will, like all of the other attack themes they have tried, come back to bite the Republican candidates. After 8 years of a Republican administration that has shoveled enormous tax benefits into the maw of the richest 1% of American citizens, the rest of us – perhaps several hundreds of millions of us – would not mind having some of those goodies FINALLY trickle down to middle and lower income folks. Not a bad idea to “share the wealth” that has become obscenely concentrated in fewer and fewer hands. And let us not forget, it was a Republican – Teddy Roosevelt – who had the wisdom to assert that a progressive wealth/income tax structure was the foundation of a fair society. That Teddy sure was some socialist, by the standards of the candidate (McCain) who claims him as his role model! And Colin Powell’s recent observations on the topic are worth quoting here:
“Now I guess the message this week is we’re going to call him a socialist. Mr. Obama is now a socialist, because he dares to suggest that maybe we ought to look at the tax structure that we have. Taxes are always a redistribution of money. Most of the taxes that are redistributed go back to those who pay them, in roads and airports and hospitals and schools. And taxes are necessary for the common good. And there’s nothing wrong with examining what our tax structure is or who should be paying more or who should be paying less, and for us to say that makes you a socialist is an unfortunate characterization that I don’t think is accurate.”
And what about that other “wealth-sharing”, socialist tax scheme – the Earned Income Tax Credit – that was born in the Ford Administration, and dramatically expanded under, guess who: Ronald Reagan!!
Is it too much to ask that the brainiacs in the McCain campaign do just a few minutes of homework on such topics before they craft yet another fatally flawed attack strategy? Truly a bunch of amateurs.