Strengthening Constitutional Self-Government

No Left Turns

The ownership society and the investor gap

Here is short and very informative piece by James K. Glassman explaining what the Ownership Society means. He claims that Bush’s idea--and this is no surprise to you--goes way beyond the Social Security issue, etc. The investor gap has profound implications for electoral politics, as well. Scott Johnson & John Hinderaker explain that because of the personal income tax, a large majority of citizens are not inclined to restrain the growth of government. The title of their piece is, "Broad ownership needs broad taxpaying."

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It’s all about shifting the tax burden to the lower middle class, baby.

As for Social Security, Bush would have to pick on the one federal program that has a nice, fat surplus. It’s no coincidence, actually: He needs that $1.8 trillion pretty bad. After all, somebody’s gotta pay for those budget-busting tax cuts for the rich, and it may as well be the elderly and disabled. LINK

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