“The Republicans are going to be hurt badly over the payroll tax issue.”
That’s true. But only because the dumb masses believe that they are owed property from the wealthy. The ‘Zero Sum’ propaganda works well with Stupid voters.
Raising taxes on the ‘rich’ will not increase revenue. But in the eyes of the collectivist failures, it’ll make them feel better.
(See Romer’s analysis on raising taxes 1% results in 3% decrease in GDP. There will be a negative reaction from those who understand how to create value.)
‘Thou shalt not covet’
“Raising taxes on the ‘rich’ will not increase revenue. But in the eyes of the collectivist failures, it’ll make them feel better.”
I would grant that there is some of that. I’m really focused on independents, the registered Democrats are no concern, as they are already lost. But, the average independent is a casual observer. What that casual observer sees is the GOP fighting to the death to avoid raising taxes on the wealthy, while fighting to negate a tax cut for the working class.
That won’t play well in Peoria.