The presidential candidates are pretty much in place for the fall election and they are both in the 1% camp as the rich are being called. I believe as has been the case for a while now, one of the themes of the election will be this continued war against the rich.
To me this is the wrong war to be fighting, it cannot be successful in an universe that is all about expansion and growth and that has been the case since the beginning. There is more wealth and prosperity now than at any point in world history. Yes, there is still suffering and poverty and starvation in places and work has to be done there.
What if instead of a war on the rich, which implies that there is something wrong with wealth and success, that the focus is instead on tax simplification and fairness, reducing the tax code from 5000 or so pages that most don't even understand. Addressing the issues about equal access to lawmakers, passing laws that are disclosed fully before passage so that we don't have to hear what it contains until after it has passed. Equal justice for all instead of the reality that justice is color blind and income dependant.
There is a widely accepted perception that the rich have access to law makers who are dependant on contributions to gain reelection, that there are special favors granted and a quid pro quo at even the highest levels regardless of party affiliation.
In my opinion Obama blew the opportunity of a lifetime to be a leader, where his actions and words would be in alignment on the tax issue. A leader would have taken advantage of the opportunity to put the tax code aside and say I will pay the going tax rate, all these deductions are wrong and this is what I want to change. Instead he took the deductions that he was fully entitled to and paid a tax rate of 20% which is lower than his secretary. A real leader would have grasped the opportunity and people would have respected the move. Instead they are rightly cynical.
This is an important thing to remember, you will be bombarded with messages, sound bites during the campaign from the 1%ers in both the presidential and congressional election campaigns, this will distract you from reality in order to get elected. It will be very effective backed by close to a billion dollars of advertising.
My question to you is this, how many times are you going to fall for this?
The last major tax reform took place in 1986, the world is a far different place now and the tax code should reflect this. Instead we are faced with what is already being called Taxmageddon in January 2013 when tax cuts expire and new taxes are implemented, not to mention some serious deficit decisions that have to made then too. It is convenient that these are all coming after the election, so expect more crisis talk and bailouts to be in the news at that stage.
It doesn't take many people to effect change,I hope more step forward instead of following like sheep. Small campaigns prevented Verizon charging a $2 convenience fee for paying online and the Bank of America debit card fee of $5 as good examples. In Britain there is outrage about so called granny taxes and taxes on hot take out food, not to mention outrage about charity deductions being limited for the wealthy.
The power of the internet can help with campaigns like those mentioned. When they are designed properly they can be effective and other times not effective. To campaign against GE or Amazon not paying corporate taxes is not effective in my mind. What is more effective is to campaign against the tax code that allows deductions that allow Amazon and GE to pay no corporate taxes. They are only doing what the president did, take what was offered to them legally.
Make a difference, be effective, see through the sound bites or let them get away with it again and try again in 4 years time.