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townhall.com Printer-friendly version September 15, 2004
In last week's column, I reported on the Washington, D.C.-based Tax Foundation's study that estimated that 44 percent of income
earners will legally have no 2004 federal income tax liability. The study
concluded, "When all of the dependents of these income-producing households are
counted, there are roughly 122 million Americans -- 44 percent of the U.S.
population -- outside of the federal income tax system." You might ask, "Why?" In general, I've always held that a tax cut for
anybody, at any time, for any reason is a good thing because it keeps more of
our earnings in our pockets and out of Washington. But there's a problem.
Removing so many Americans from federal income tax liability contributes to the
political problem we're witnessing this election: class warfare and the politics
of envy. When 122 million Americans are outside of the federal income tax
system, it's like throwing chum to our political sharks. These Americans become
a natural spending constituency for big-government politicians. After all, if
you have no income tax liability, how much do you care about how much Congress
spends and the level of taxation? Political calls for tax cuts fall upon deaf
ears. Survey polls reveal this. According to a Harris Poll taken in June 2003,
51 percent of Democrats thought the tax cuts enacted by Congress were a bad
thing, while 16 percent of Republicans thought so. Among Democrats, 67 percent
thought the tax cuts were unfair, while 32 percent of Republicans thought so.
When asked whether the $350 billion tax-cut package will help your family
finances, 59 percent of those surveyed said no and 35 percent said yes. Tax cuts
to many Americans mean just one thing: They threaten the handouts they receive.
There might be a correction for the political problems caused by large
numbers of Americans with zero income-tax liability. But it might be politically
incorrect to even mention it. I do not own stock, and hence have no financial
stake, in Ford Motor Co. Do you think I should have voting rights, or any
say-so, in the matters of the company? I'm guessing that your answer is no. So here's my idea. Every American regardless of any other consideration
should have one vote in any federal election. Then, every American should get
one additional vote for every $10,000 he pays in federal income tax. With such a
system, there'd be a modicum of linkage between one's financial stake in our
country and his decision-making capacity. This is not a far-out idea. The founders of our country worried about
it. James Madison's concern about class warfare between the rich and the poor
led him to favor the House of Representatives being elected by the people at
large and the Senate elected by property owners. He said, "It is nevertheless
certain, that there are various ways in which the rich may oppress the poor; in
which property may oppress liberty; and that the world is filled with examples.
It is necessary that the poor should have a defense against the danger. On the
other hand, the danger to the holders of property cannot be disguised, if they
be undefended against a majority without property."
©2004 Creators Syndicate, Inc. Contact Walter E. Williams | Read Williams's biography townhall.com
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