I have said the blockquote below forever, to anybody who would listen that deficits in the budget of the Federal Government is not paid either by the Uber-Rich, nor by the poor, but it is paid by the middle-class. It is in the Middle Class where all the money is and so despite the lies about how the “rich are going to be made to pay their fair share,” it is always the middle class folks that are the ones that foot the bill. People have known this for decades.
I will even go so far as to insist that our current tax system is NOT a redistribution of wealth from the rich to the poor but rather it is a redistribution of wealth from the middle class to the uber-wealthy. Every tax policy that is pursued in Washington is pursued in favor of taking from the middle class and giving to the uber-wealthy. They lie about that. They masquerade and cloak that. They compliment themselves on how noble they are for doing that. However, in the end the tax policy is to enrich the uber-wealthy and their political bag men and enforcer thugs. This is the essence of the Corporatism that we are currently living under where mega government and mega Corporations are in bed together to enrich themselves at the cost of the rank and file middle class.
What is most frustrating though is when the middle class is too stupid to figure this shell game out, and as such keeps pulling levers for both Democrats and Republicans who both are part of the crony capitalism that is Corporatism. Our ignorance is killing us.
But enough of me … consider how Al Smith put it clear back in 1936,
“Now here is something that I want to say to the rank and file. There are three classes of people in this country; there are the poor and the rich, and in between the two is what has often been referred to as the great backbone of America, that is the plain fellow.
That is the fellow that makes from one hundred dollars a month up to the man that draws down five or six thousand dollars a year.
Now, there is a great big army. Forget the rich; they can’t pay this debt. If you took everything they have away from them, they couldn’t pay it; they ain’t got enough. There is no use talking about the poor; they will never pay it, because they have nothing.
This debt is going to be paid by that great big middle class that we refer to as the backbone and the rank and file, and the sin of it is they ain’t going to know that they are paying it.It is going to come to them in the form of indirect and hidden taxation. It will come to them in the cost of living, in the cost of clothing, in the cost of every activity that they enter into, and because it is not a direct tax, they won’t think they’re paying, but, take it from me, they are going to pay it!”
Gov. Al Smith — 1928 Democratic Presidential Standard Bearer
1936 Speech — Betrayal of the Democratic Party