IGEG
Institute for Global Economic Growth
By Richard W. Rahn
THE WASHINGTON TIMES
Published September 30, 2007
Hypocrite (noun) — one who pretends to be what he is not or have principles or beliefs that he does not have.
Former Federal Reserve Chairman Alan Greenspan has just come out with the predictable book by a former government official, where he claims others made the mistakes. He now skewers the Bush administration and Congress for their irresponsible and excessive spending. However, while many of us were fighting the battle, he was silent when his words might have caused the
Almost all
Rather than learn from this costly foolishness, the state of
Democrats, in particular, will tell you how much they care about children, the elderly, the physically disabled and the poor. Yet, they continue to push for locking up enormous amounts of American land in so-called wilderness areas. The latest push among congressional Democrats is to add another 109 million acres to the hundreds of millions of acres that can only be accessed by the most physically fit.
These wilderness areas are off-limits to almost any sort of motor vehicle, so if you are not able to hike long distances or climb over rugged landscapes with heavy survival gear, tough luck. These same Democrats are most willing to fine a small storekeeper for having an aisle 2 inches too narrow for some wheelchairs, but seem to have no reluctance to prohibit more than 100 million Americans from enjoying scenery of which they are part owners. In addition, by locking up so much land, Americans are not allowed to obtain the fuel, timber and mineral reserves in these areas. This, in turn, creates an artificial sacristy, driving up prices for these resources and disproportionately hurting the poor.
Most members of Congress proclaim they care about the world's poor and low-income Americans. For at least 200 years, it has been known that free trade does more to reduce poverty than almost any other action a government could take. But the new Democratic congressional leadership is now holding up several trade agreements which would create new jobs for some of the world's poorest people, and lower prices for American consumers — again, most beneficial for low-income people.
The nation of
Thinking of
Those Democratic presidential candidates and members of Congress who want to raise income taxes on the rich like to pretend that people do not adjust their behavior when taxes are increased. Yet, when you look at the tax returns of many of their party's richest leaders and icons (Sens. John Kerry and EdwardKennedy of Massachusetts, financier Warren Buffet, etc.), you see they have gone to great lengths to avoid paying the high tax rates that are now part of the law.
They also ignore the fact that the top 1 percent of taxpayers already pays 37 percent of all income taxes (vastly more than its share of income) and the bottom 50 percent of the earners only pay 3.3 percent of the taxes. A recent study by the Office of Management and Budget shows taxpayers are not receiving their expected value from more than 50 percent of federal government programs. Is it not hypocritical to demand more taxes before cleaning up wasteful spending?
Richard W. Rahn is chairman of the Institute for Global Economic Growth.
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