Dragon
Senior Member
- Sep 16, 2011
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Agreed -- "more about class than race". So it escapes me how supporting a political party who's radical wing wants to hobble folks that exceed their class benefits. Now think carefully about "estate/death tax". Why is it that 1st generation wealthy blacks shouldn't be able to lift up their descendents? Think Venus/Serena Williams, NBA stars, entertainers, Bryant Gumbel, ect... Are you really that committed to the principles of Socialist redistribution as to deny them the choice of feathering their progeny's nest with a little well-earned "reparations"?? It certainly DOES "transcend racial issues" IMO.
In the U.S. in 2011, up to eleven million dollars can be passed by a married couple to their heirs estate-tax free. Under no proposals that I'm aware of to alter this arrangement would the first fairly huge amount of inheritance be taxed.
Now imagine yourself a lower-to-middle-income black homeowner (or homeowner of any race). You've got a house worth maybe half a million, some stocks and other property worth maybe another quarter million at most. Your entire estate is less than a million. It's nowhere NEAR the point where Uncle Sam is even thinking about taking a penny of it. Somebody in Congress wants to put a surtax on the estate tax so estates over $100 million get taxed at, let's say, 95%. Why in the world would you even care? If Bryant Gumbel's estate gets hit for a bill, that hardly leaves his heirs deprived, all things considered.
Class disparity doesn't get solved by mere money.
It gets solved by changing the rules of the economic game, which are set by law in large part. The way it was done to narrow income gaps in the 1940s-1970s was:
1) Graduated income tax with confiscatory top marginal rates and full deductions for investment in job-creating activities.
2) Strict enforcement of labor law and protection of the right to form a union.
3) Certain kinds of social-welfare program, especially student aid and small-business aid. (The GI Bill did wonderful things for the economy.)
The first of these drove capital into the kind of investments that produce wealth and create jobs. The second resulted in high rates of union membership among workers (39% at maximum), which raised wages throughout the economy. The third helped open opportunities for a great many people who would not have those opportunities today.
Now this isn't the kind of thing that's usually meant by "wealth redistribution," but redistribution it is nonetheless, through the action of the market operating under changed parameters. Since 1980, all of those policies have been reversed, and we've had wealth redistribution in the other direction, again through the action of the market operating under changed parameters. And the government has to set the parameters somewhere; it can't NOT set tax policy, trade policy, labor policy, etc.
But I doubt the DEM conviction to "restrain" Govt from meddling in every daily of our lives.. On the local/state level, these "social justice" phoneys motto is "there ought to be a law". A law to restrain chefs from using salt. A law to force flower vendors, hair braiders and taxi cab drivers to comply with crony cartels. A law to chose paper over plastic. A law to prevent kids from having lemonade stands.
I know the kind you're talking about, and they have the potential to become a national problem (that's how Prohibition started), but at the moment they're mostly nuissance-level. I would add that not all those laws are laws and many of them never will be. (That New York law about salt in restaurants did not pass, did it?) Expect more of this silliness over the next decade, though, as child-raising patterns change to become more overprotective. Sometimes public views on behaviors change sufficiently to warrant more restrictive local ordinances, like the way many states are tighter about public smoking than they used to be. But that's not really a liberal or conservative thing.
And -- once again, let's not confuse party with ideology. The Democratic Party is what it is, and it isn't in service to any ideology; the only thing it consistently cares about is gaining and holding office.
The really serious threats to liberty through direct government action come from conservatives. I'm thinking of things like the more objectionable provisions of the Patriot Act, or of the war on drugs, or some of the Big Brotherish anti-immigrant bills that have emerged in border states. Without defending laws banning kids' lemonade stands cuckoo, surely any of those is a more serious problem.