So we come back to the essential falsity of this moment in the 2008 campaign. The principle of progressive taxation is agreed between the two candidates. They also agree that, in principle, lower taxes can spur economic growth and innovation. They disagree about which of these two principles should be emphasized over the other at this time of economic crisis and rising income inequality. They also disagree about small fiddles on the tax-rate dial. In historical (and even economic) terms, the differences between them concerning both economic principles and specific tax-rate policies are trivial. To allow the poll-savvy advisers of the McCain camp to make this a debate about “socialism” is to capitulate to their manipulation.
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1 year ago
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