Maybe it isn't a conscious strategy for the Democrats, but it makes a certain sense: Take from the super-rich, who aren't tax-sensitive, and the pretty-damn-rich, who will probably vote for the GOP no matter what, and give to upper-middle class professionals, a constituency where the Dems have been making inroads for a while now. Greg Mankiw reports, Reihan comments.
« A Clinton Restoration? | Main | The Religious Right After Bush » The New Class Warfare31 Oct 2007 10:34 am Comments (4)
You can make a case that the Democrats have become a conservative party of the rich, while the Republicans have turned into a radical party of the poor. (As evidence, note that 1) people with a high-school education or less consistently vote Republican, while those with a post-graduate education vote Democrat 2) many of Bush's polices - invasion of Iraq, social security reform, etc. - lean towards blow-it-up-and-start-over, while the Democrats are always trying to preserve (social security, the church-state divide, public schools, etc.) Rangel's new tax bill is just another step in this development. I think that a lot of the bitterness in contemporary politics stems from the fact that neither party is comfortable with what it has become. 
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Just wait until Obama uncaps Social Security taxes. These upper-middle class professionals will have the pleasure of contributing an extra 12.4% on all income above $97,500. We'll see how the Dem inroads fare after that happens.
Posted by Name Withheld | October 31, 2007 12:39 PM