Earth to the Wall Street Journal
The Wall Street Journal editorial writers have a unique perspective on life: looking down on you and me.
These pipe-smoking editorialists are considered to be the official mouthpiece for the Corporate Nation, and they're constantly carping about how the rich and corporate are just damn near bent over double with the burden of having to support the government with their taxes.
Recently, however, they had an astonishing conversion -- they came out for more taxes! Not on them and their ilk. On you -- the working stiffs and poor folks.
You can't make up stuff this good. The editors wailed from on high about "The Non-Paying Class," declaring that we hoi polloi "pay little or no taxes" and need to be forced by Washington to pay more in order to relieve the burden of those at the top.
Who are these goobers talking about? They singled out a poor, hypothetical schmoe who's making $12,000 a year and is in the lowest tax bracket. This person, the editors complained, "pays a little less than four percent of income in taxes." The editors dubbed such people, "lucky duckies."
Yoo-hooooooo. Earth to you aliens at the Journal. Trying to eke out a living on pay of $12,000 a year is the exact opposite of "lucky." It's poverty -- and it ought not be taxed at all.
Plus, when they talk about who pays the most taxes, they're referring only to federal income taxes, leaving out the thoroughly regressive burdens of our payroll taxes, state and local taxes, sales taxes, gasoline taxes, fees, and a host of other assessments. Add these in and we slobs at the bottom are paying the same rates or higher than the swells at the top.
For example, state and local governments sock the poor with taxes that are more than 11 percent of their paltry income. But they let the rich skate by with half as much.
If the Journal editors ever want to visit earth, we'd be happy to show them around our neighborhood.