Robbing the poor to give to the rich:
The current proposals at the General Assembly would reduce or eliminate the personal income tax (a huge tax cut for the wealthy) and would make up some of the lost revenue by increasing the sales tax. The net result—the wealthy would pay much less in taxes while middle- and low-income families would pay more. That’s the Great Tax Shift. Lawmakers want to shift the tax load from wealthy North Carolinians onto working families.
The average people of this state have been betrayed. Betrayed by those who promised tax cuts for all, but only ever intended for those at the top to benefit. One need only take a closer look at AFP's chosen cheerleader to see the truth of that:
You see, Grover Norquist is no hardscrabble success story, pulling himself up by his bootstraps, which happens to be the favored meme of Republicans who oppose any programs that help the less fortunate among us. No, Grover Norquist was born into wealth. Lots of it. His father was a vice president in Polaroid Corporation. At 12 years old, he volunteered for Nixon’s 1968 Presidential campaign. He received his BA and MBA from Harvard. He served as executive director of the National Taxpayers Union and the College Republicans and served as Economist and Chief Speechwriter for the US Chamber of Commerce. This is a man who has never lacked for anything in his life.
Here is the reality: by opposing tax increases across the board, Grover Norquist and ATR have contributed to the increasing gap between rich and poor in this country. The tax loopholes that President Obama has proposed closing affect primarily the richest 2% of Americans and the largest corporations - corporations that have shipped jobs overseas and stocked money offshore while paying historic lows in taxes thanks to favorable tax breaks and loopholes. He is protecting himself and the wealthiest 2%. He is protecting wealth and the maintaining of wealth. He is NOT protecting actual “job creators” or the working class.
So, why would OUR representatives in government beholden themselves to a wealthy scion whose singular mission is “reduce it [government] to the size where I can drag it into the bathroom and drown it in the bathtub”?
That's pretty simple. Because he (and they) don't really believe in Democracy. Government is the voice of the people, and the people are nothing more than resources to be squandered by Lordlings like Grover Norquist. And there may be more than simple greed motivating this tax shift. If you can't drown government, maybe you can starve it:
Current economic trends suggest this tax shift would be problematic not just on the grounds of equity but also in regards to the long-term adequacy of the state tax system. Income growth is concentrated at the top; indeed, the incomes of the richest 5 percent of households grew by 8.8 percent while those of the poorest fifth fell by 3.7 percent from the late 1990s to the mid-2000s.
The long-term adequacy of the state’s revenue stream is undermined when it must attempt to raise revenue from those whose income is stagnate—the middle class and low-income families. As the state’s needs grow, the revenue simply won’t keep up.
And the invisible hand reaches in to pick the pockets of those who still need help in the wake of a dying government. This is what happens when we allow a handful of silver-spoon-fed boys who never had to overcome adversity decide how our state should be managed.