So, I’m sure everyone has heard about Mitt Romney telling rich folks the election is running against him because 47% of people don’t pay taxes, expect handouts, etc. Not sure why anyone would be surprised. This has been a common conservative talking point this year, particularly in the primaries, and Rush Limbaugh uses it all the time.
Some things about the 47% who don’t pay taxes:
1. There is some percentage of genuinely poor people in there. Progressive tax rates are a good way of allowing the poor to take care of themselves as much as possible, without direct government aid. Need all of your money to survive? Keep your money. It’s simplicity itself. Now, we can argue about social welfare programs and benefits targeted at the poor, but that number isn’t 47%, and is only related to the 47% in that both include the poor.
2. Big contributor to the 47%: Seniors on Social Security. If you make below a certain amount in addition to your Social Security income, you don’t pay taxes on that Social Security income. How should we “fix” that so everyone is contributing equally and the 53% can feel better about life? Tax Social Security benefits? That would be just as idiotic as the current Social Security taxation scheme, where the federal government sends money to people and then turns around and has to collect that money back. Wouldn’t it be better to just cut the benefits the same amount and lose some of the bureaucracy?
3. Also a big contributor to the 47%: Families making below a certain amount who get the Earned Income Tax Credit. Not personally fond of this one, but I doubt too many people want to get rid of it. (Seriously, I get children are expensive, but why the heck is the federal government paying us to have them? Why not just give us a more progressive tax scheme and better-targeted social welfare, and let parents figure out how many children they can afford, as they did pre-1975?)
4. And, my personal favorite: Mortgage interest deductions. Don’t get me wrong, we claim them every year. But is it genuinely a federal interest to encourage buying houses instead of renting?
Who benefits from factor 2? Seniors! Who mostly benefits from factors 3 and 4? Middle-class white people! You know, the folks Mr. Romney wants to come out and vote for him in 2012. Which is why he keeps talking about defending Medicare, and Social Security, and keeping the expensive parts of Obamacare and Bushcare….
Personally, I don’t want to vote for a person who, when talking to rich donors, draws a vision of the entire population as producers and parasites — guess which role the donors get to play — but then turns around on his commercials and talks about how much he wants to defend all of the entitlements he so contemptuously dismissed in his rich donor speech.
On Saturday Night Live this weekend, Jay Pharoah — playing President Obama — said that though he might not have a lot going for him in this election, he’s always got Mitt Romney to help out. True words.
Update: How nice to be reminded of some of the folks in factor 1 — a substantial portion of our own enlisted soldiers — by a man who done lost his mind back during the Bush 43 Presidency. (And yes, trying out neoconservative foreign policy once doesn’t mean anything. Supporting it for the entire Bush 43 and Obama administrations, no matter what, means you’re an addict.)
Update, redux: Let’s all be reminded: Never corner a Carter. They fight mean.
Update, yet again: Reason has a good quote:
The price of public generosity is massive and, at the individual level, largely hidden. Far from thinking of themselves as victims, most net recipients think they’re the ones pushing the wagon. This is the misconception that needs to go away.
And yet another Update: This is how much a family of four, with one spouse working, would need to make to pay income taxes, thanks to tax breaks. Hmmm…only one parent working…tax breaks equaling lower effective tax rates…I thought this was supposed to be the Republican Dream. Instead, Mr. Romney gets his talking points mixed up and says you’re a parasite. Thanks, President Reagan, for the tax breaks and tax rates that make this person a parasite!