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Another Pay Czar?
IBD Editorials ^ | September 15, 2010 | Investors Business Daily staff

Posted on 09/15/2010 5:44:16 PM PDT by Kaslin

Unequal Protection: The vice president's chief economic adviser has decided that one group of Americans doesn't need all the money it earns. What gives him such authority?

Joe Biden's top economic adviser, Jared Bernstein — who does not hold an economics degree — entered on Tuesday the tax-cut debate that is preoccupying Washington. But rather than bring light to the discussion, he revealed the darkness that lives in the hearts of Democratic and progressive left.

"The most important thing we have to do right now," Bernstein said on Fox News, "is hold the line for the tax cuts for the millionaires and billionaires who, frankly, do not need the extra cash."

Bernstein's claim is not self-evident. There is, however, a unsettling feel about it. The America envisioned by the founders and defended with life and blood is not the sort of nation in which the government dictates how much of their own money its citizens can keep.

Nevertheless, our ruling class magisterially insists that it has the right to determine how much cash some of us need.

We shouldn't be too hard on Bernstein, though. He's merely following the administration's lead.

Recall when President Obama himself said in April, "I do think at a certain point you've made enough money"?

(Excerpt) Read more at investors.com ...


TOPICS: Editorial
KEYWORDS:
The bold in the second paragraph is my emphasis
1 posted on 09/15/2010 5:44:19 PM PDT by Kaslin
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To: Kaslin

Considering that Biden and Obama have law degrees and still haven’t read the Constitution; this could be a plus.

/sarc :)

(Biden has a law degree, right?)


2 posted on 09/15/2010 5:47:18 PM PDT by Noamie
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To: Kaslin
Another Czar Mulah's might be a better word.
3 posted on 09/15/2010 5:48:01 PM PDT by True Grit
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To: Kaslin

Mob rule.

We’re taking it from you because their are more of us and we want it.


4 posted on 09/15/2010 5:54:08 PM PDT by Tzimisce (No thanks. We have enough government already. - The Tick)
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To: Kaslin

“is hold the line for the tax cuts for the millionaires and billionaires who, frankly, do not need the extra cash.”

Millionaires and Billionaires don’t care what you do to “income” taxes. They have wealth, and you don’t tax wealth until they die. Small businesses, however, make up the majority of victims that you intend to rob, and they will be hurt. The net result is that more will lose jobs, the government will get less revenue, and you will have to find another way to rape the rest of us to fund the welfare state.


5 posted on 09/15/2010 6:00:00 PM PDT by bitterohiogunclinger (Proudly casting a heavy carbon footprint as I clean my guns ---)
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To: Kaslin
That's Jared on the right. Note the sign on the podium.


6 posted on 09/15/2010 6:14:33 PM PDT by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: Kaslin
According to Wikipedia: "Bernstein graduated from the Manhattan School of Music with Bachelors Degree in Fine Arts where he studied double bass with Orin O'Brien. He earned a Masters Degree in Social Work from the Hunter School of Social Work, and, from Columbia University, he received a Masters Degree in Philosophy and Ph.D. in Social Welfare. He does not have a degree or any formal training in economics."

Talk about a misleading caption!


7 posted on 09/15/2010 6:18:40 PM PDT by LibFreeOrDie (Obama promised a gold mine, but will give us the shaft.)
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To: Kaslin
How did Government Motors CEO get a cool $9M?
8 posted on 09/15/2010 6:44:11 PM PDT by SERKIT ("Blazing Saddles" explains it all.....)
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To: Kaslin

Sounds to me like outright theft. All I hear is....

“Stand and deliver!”


9 posted on 09/15/2010 6:46:50 PM PDT by combat_boots (The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spiritui Sancto.)
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To: Noamie

Biden has a law degree, right

probably, it’s undoubtedly hanging on his wall somewhere.....but you mentioned that Obama also has a law degree....has anyone seen it lately, is it hanging on the wall of the oval office......I don’t think so


10 posted on 09/15/2010 7:13:24 PM PDT by terycarl (interested and informed)
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To: LibFreeOrDie

That’s Jared on the right. Note the sign on the podium.

agenda for shared prosperity.....I thought that was accomplished by everyone going to WORK. I don”t want my doctor to share his prosperity with me....he had the gumption to go to medical school, serve his internship, start a practice etc etc....I didn’t, he owes me nothing


11 posted on 09/15/2010 7:18:50 PM PDT by terycarl (interested and informed)
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To: LibFreeOrDie

Mugambe also thought that the farms could be run with the workers—not the white farm owners.

Now, Zimbabwe is starving & importing over 60% of what they eat each day instead of sending food to other parts of Africa.

Putting the no talent inexperienced into any job with power is always a mistake.


12 posted on 09/16/2010 11:52:12 AM PDT by ridesthemiles
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