Wick Allison speaks some truth to his fellow conservatives about fairness and how that translates to success at the ballot box.
The Republican Party can appeal to “Judeo-Christian values” as long as the sun shines and their voices hold out. But they’ve abandoned the most basic moral value of all: fairness. America is supposed to be the land of opportunity. But tell that to minorities, to single women, to working-class whites. Even 44 percent of voters who earn over $200,000 a year voted for Obama, the candidate who promised to raise their taxes.
We all know that eliminating the Bush tax cuts on the wealthy will not make much of a difference in the deficit ($42 billion a year, by most estimates). But anybody who preaches on that point will find himself talking to an empty auditorium. And if raising taxes on the rich is redistributionist socialism, someone should should have told Eisenhower, Nixon, and Reagan, whose rates on the rich were 91, 70, and 50 percent.
A capital gains tax rate (making money off money) that is lower than the earned income rate (making money off work) is just not fair. Bestowing that rate on hedge-fund managers through a specially designed loophole is just not fair. Allowing the rich to take mortgage deductions for second and third homes, or for homes worth over $1 million, is just not fair. Allowing business owners like me to take myriad deductions that our employees cannot take is just not fair. But, most of all, allowing the wealthy to pay very low tax rates while interest on the war debt accumulates, deficits continue, and middle-class incomes deteriorate is just not fair.