NVDAILY.COM | Opinion
Posted September 6, 2012 | 26 Comments
Letter to the Editor: Middle class is under assault
As a political junkie, I'd usually be touting my candidates. But I'm going to take a different tack this go around.
I suggest to the readers of whatever political persuasion that the best interests of most of us are being seriously eroded. Let me give you a few examples.
Nearly all of us are workers or otherwise members of the middle class. Overwhelming evidence establishes that the middle class is under assault. The portion of national income and assets held by the "top 1 or 5 percent" is exploding, all at the expense of the rest of us.
There is broad agreement that federal spending and the deficit must be cut. Among non-partisan experts and commissions, agreement is almost as broad that true reform is possible only if federal revenues, too, are increased.
Yet, the budget already passed by one house of Congress adopts cuts that would fall only upon the middle class and, particularly, the least fortunate among us. It fails to impose one additional dime of taxes upon the rich. How does this square with what the Bible teaches? I'm no youth, but during my lifetime the top marginal tax rate for the wealthiest was over 90 percent. And they didn't fare too badly.
My generation, and its predecessors, found Medicare to be a huge benefit deeply relied on. But for the tens of millions to follow us, its future is threatened. A serious proposal would end Medicare as we know it and substitute for it a voucher scheme operated by the insurance companies. Modest reforms are available to ensure the future of Medicare; gutting the program is, however, not one of them.
As to elections, they have as a practical matter been handed over to the deep pockets of Wall Street and the big corporations (which, we are told, are people too). See what's happening in this year's campaigns.
If you keep up with the news, you know who's pushing the measures that make the rich richer and punish everyone else. This merits some thought before November.
Bob Lowerre, Woodstock