Another Progressive-Democrat Gives Another Part of the Game Away

Laura Saunders, in her Friday Wall Street Journal column concerning the Roth IRAs, the rich and deplorable, and us average Americans, has a striking quote from Senate Finance Committee Chairman Ron Wyden (D, OR).

Saunders was writing about how efforts to lay punitive limits and punitive taxes on the Roth IRAs of the super wealthy can only have deleterious effects on the rest of us.

Here’s Wyden’s statement on the matter:

IRAs were designed to provide retirement security to middle-class families, not allow mega-millionaires and billionaires to avoid paying taxes[.]

Wyden has two beefs here. One is his progressive view that the wealthy don’t deserve to be under the same law as the rest of us Americans; the success of the wealthy must be called out and that success denied them—because the rich are the piñata of government disfavored groups of Americans.

The other is that business about avoiding paying taxes. Never mind that the rich and deplorable—and the merely rich—already pay the vast bulk of the taxes the Federal government collects, while the bottom half of income earners pay close to nothing in taxes, and the very bottom—including those who don’t have any job-related income—get tax payments from the rest of us. The amount the rich pay isn’t enough for Progressive-Democrats. More is better.

All of it is better, yet.

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