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Reply #75: I understand perfectly well [View All]

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Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
nancyharris Donating Member (637 posts) Send PM | Profile | Ignore Tue Jan-22-08 09:54 PM
Response to Reply #72
75. I understand perfectly well
the problem of wealth, disproportionately amassed in the hands of the few. However, I just don’t see how these programs affect that unbalanced distribution of wealth at all. Edwards' programs are a safety net – most of which I support and most of which are supported by the other Democratic candidates (and even some of the Republican candidates). But these programs will not affect wealth distribution – they do not go to the core of the problem.

For instance, he has not proposed an increase in the corporate tax rate. He has not proposed the elimination of the “S corporation” tax laws. He has not proposed an increase in the dividend tax rate. He has not proposed an increase in the personal tax rate (only rescinding the Bush tax cuts - an idea even McCain supports). He has not proposed an increase in the minimum tax schedule. He has not proposed an increase in the inheritance tax. He has not even proposed an import levy on imported goods and services.

You cannot break the imbalance of wealth in this country without fundamentally challenging the corporate profit margin.

I know none of the other Democratic candidates have made any of these proposals as well, but none of the other candidates are campaigning on the false populist hope.

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