2. "...Raise taxes on the middle class...",
3. "...[End] guaranteed Medicare benefits...",
4. "...[Partially privatize] Social Security..." for upper income Americans, at the same time requiring Social Security to make up for any shortfall produced by their investing in the stock market (remember Pres. George W. Bush's proposal to privatize Social Security, which went nowhere, especially after the stock market crashed in 2007-2008.),
5. "...[Make] deep cuts in guaranteed Social Security benefits..." and
6. Although Mr. Ryan makes noises about reducing budget deficits and halting the growth in the national debt, his plan, A Roadmap for America's Future (introduced in the U. S. House as H. R. 4529, provides ",,,very large revenue losses relative to current policies. The Roadmap would give the most affluent households a new round of very large, very costly tax cuts by reducing income tax rates on high-income households; eliminating income taxes on capital gains, dividends, and interest; and abolishing the corporate income tax, the estate tax, and the alternative minimum tax. As a result, despite steep cuts in Social Security, Medicare, and other programs, the Roadmap would allow the federal debt to continue growing for decades to come."
Now that's class warfare by the Republicans, with a vengeance. That modifies years ago U. S. Sen. Russell Long's quote of the old doggerel,
"Don't tax you, don't tax me, tax the feller behind the tree."
In Mr. Ryan's rewrite of the American future, "you and me" are the extremely rich. The "feller behind the tree" is the rest of us.
All of this reminds me of two things:
A. Many Republicans, many Congressional Republicans, many Republican candidates this year (Sharon Angle, of Nevada, Joe Miller, of Alaska, Rand Paul, of Kentucky, etc.) remain unreconciled to the existence of Social Security (75 years old), Medicare (45 years old) and a host of other legislation that has benefited and provided a safety net for workers and the middle class. Some Republicans running this year are opposed to the existence of Minimum Wage and Unemployment Insurance Benefits laws.
B. In the mid-1970's, Elwood H. Schneider, Sr., a Kalamazoo stockbroker and next-door neighbor on Clovelly Road, Kalamazoo, to WKZO Radio and TV and Detroit Tigers owner John Fetzer, said at an Oceana County, Michigan, "happy hour" (cocktail hour) one summer weekend that his clients weren't interested in a six per cent rate of return, nor even 12 per cent. Mr. Schneider said, "They don't want to pay any taxes."
Banana republics, where the super rich are few and the small middle class and the poor are many, are highly unstable places. Does America really want to go there? Even the viciously antiunion Henry Ford, Sr., saw the point in paying his workers enough so that they could buy the product they made.
Working and middle class families should know how far Republicans want to go. With that knowledge, would rational and practical voters want to go along? Not likely.
Sincerely yours,
Burke H. Webb