Tuesday, January 19, 2010

Class warfare? You bet!

Measure 66 and 67 opponents are quick to scream "class warfare!" Well, heaven forbid the losing side should fire a single shot! Class warfare has been waged brutally on America's working and middle classes for the last 30 years.

Real income has shrunk - we now see a generation less well off than their parents - while concentration of wealth has increased drastically. Taxes on the wealthy are at an all time low, a recipe for economic stagnation punctuated by repeated asset bubbles.

Measures 66 and 67 will restore a little more fairness to the system. They will place an undue burden on no one, and they will plug a $1.2 billion hole in the state budget. The budget cuts caused by their failure would create enormous misery around the state. Don't let today's class warriors win yet another round.