Our View: That was a silly question
Posted: February 5, 2013
More revenue?” CBS News’ Scott Pelley asked of President Obama during what is fast becoming a Super Sunday staple — the pre-game presidential interview.
Of course, more revenue is needed for this president to do what he wishes to do. But it’s not going to come from the same-ol’-same-ol’ pot-o’-gold.
What do we mean? Well, Mr. Obama is still flush with victory after a securing an income-tax rate increase for individuals and couples in the $400,000-$450,000 range of yearly remuneration. Been there already, done that.
Now, as the president told Mr. Pelley, he’s going after the “carried-interest” gang, the Warren Buffetts of the world. Y’know, the people who live off their investment income and so are taxed accordingly . . . at a much lower rate than salary-earners.
Those rates — on capital gains and dividend incomes, for example — have got to go up, if only to fulfill Mr. Obama’s alleged goal: “to make sure the system is fair and transparent.” That, we suppose, is what all the redistributionists say.
There’s a certain Pastor Martin Niemoller “First They Came For . . .” tinge to all this. With this latest declaration, made calmly in an almost offhand way on Super Bowl Sunday, Mr. Obama, it’s become all too clear, will leave no pot-o’-gold unexplored as he merrily Pied-Pipers the nation toward insolvency.