US senate candidate Elizabeth Warren wants wealthy Americans to pay more tax. The Bush administration put the country into a hole, she says. Tax cuts for the rich, two wars it put on a credit card, and an unfunded medicare drug program that poured money into the hands of drug companies. And now when wealthy Americans are asked to help out, they cry ‘class warfare’. Warren’s not having it :
There is nobody in this country who got rich on his own. Nobody.
You built a factory out there? Good for you. But I want to be clear: you moved your goods to market on the roads the rest of us paid for; you hired workers the rest of us paid to educate; you were safe in your factory because of police forces and fire forces that the rest of us paid for.
You didn’t have to worry that marauding bands would come and seize everything at your factory, and hire someone to protect against this, because of the work the rest of us did.
Now look, you built a factory and it turned into something terrific, or a great idea? God bless. Keep a big hunk of it. But part of the underlying social contract is you take a hunk of that and pay forward for the next kid who comes along.
As Will Wilkinson says: "This is precisely the sort of rhetoric Democrats need to perfect in order to hold ground in the next round of national elections." And that’s probably why Warren’s speech is driving libertarians and conservatives nuts.
At the American Thinker, Mercer Tyson is "deeply offended that she shows little appreciation for the wealthy people in this country who provide the capital that makes everything work." NRO’s Rich Lowry argues that since the top 10 percent of earners contribute 70 percent of all income tax revenue, rich factory owners have already contributed.
Perhaps what they want to say to America’s middle class is: "Think not what rich Americans can do for you, but what you can do for rich Americans."