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Thursday, February 5, 2015

Fairness, Not "Envy," Is The Political Principle Of Obama's Budget

Alan: I do not envy the wealthy. 

In the main, I pity them.

Forty years ago, a wealthy woman said to me: "I've met a lot of millionaires but I've never met one who wasn't a sonofabitch."

Fairness, not "envy," is the political principle of Obama's budget. "'Envy economics' — that’s how Paul Ryan (Wis.), the Republican chairman of the House Ways and Means Committee, characterized the budget that President Obama submitted to Congress on Monday. I suppose he has a point. Who among us, for instance, doesn't envy the ability of our most profitable corporations, such as Apple, to cut their taxes by shifting profits to low-tax Ireland, even though, in Apple's case, the company doesn't really do much business in Ireland? ... Then there's the envy that most working mothers must feel toward those affluent moms who have no trouble paying for decent child care. Obama panders to their jealousy by pushing to create a tax credit of up to $3,000 to help these whiners pay for the care and feeding of their kids." The Washington Post

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