In an article by the always perceptive Megan McArdle, Uncle Sam Is Coming After Your Savings, she writes:
As I observed when I first wrote about the plan [to tax earnings on so-called 529 college savings plans], the very fact that we are discussing taxation of educational savings — redistributing educational subsidies downward — indicates that the administration has started scraping the bottom of the barrel when seeking out money to fund new programs. Why target a tax benefit that goes to a lot of your supporters (and donors), that tickles one of the sweetest spots in American politics (subsidizing higher education), and that will hit a lot of people who make less than the $250,000 a year that has become the administration’s de facto definition of “rich”?
Presumably, because you’re running out of other places to get the money. [...]
[P]oliticians will need to reach further down the income ladder in order to fund new spending — indeed, to fund the spending we’ve already done, in the form of entitlement promises.
Hat tip: Instapundit who adds And spending less is unthinkable.
As I read the above, it occurred to me that, ultimately, this is just another example of socialism in action. I mean, as Reagan once said, “A government big enough to give you everything you want is big enough to take it all away”. Or from a socialist true believer, Mussolini who said:
All within the state, nothing outside the state, nothing against the state.
Just think about how the Left in this country and the other Western countries acts and what it says and proposes. Oh, yeah, and remember, like so much else, everything you think you know about Fascism is wrong:
Fascism is a religion of the state. It assumes the organic unity of the body politic and longs for a national leader attuned to the will of the people. It is totalitarian in that it views everything as political and holds that any action by the state is justified to achieve the common good. It takes responsibility for all aspects of life, including our health and well-being, and seeks to impose uniformity of thought and action, whether by force or through regulation and social pressure. Everything, including economy and religion, must be aligned with its objectives. Any rival identity is part of the “problem” and therefore defined as the enemy. I will argue that contemporary American liberalism embodies all of these aspects of fascism.
And as a religion, there may be some differences between the various denominations: the Fascists, the Communists, their milquetoast brethren, the Social Democrats, and their American cousins, the Democrats, but ultimately they’re all the same. Don’t believe me? Howzabout this? Or this? Or this? Or this?