Image via Wikipedia

Class warfare is getting to be a national pastime. Leadership comes from the top, the President seems to be leading the charge, but others are following.

Yesterday’s Washington Examiner posted a story stating that the D. C. Council has passed an income tax increase on Washington, D. C.’s high earners. This was passed even though the city’s budget will have a surplus this year. The tax will apply to anyone who earns more than $350,000 a year. The tax increase will impact about 6,000 residents of the city. The increase is from 8.5 percent to 8.95 percent. The tax increase is set to expire in four years unless the Council extends it. (If anyone actually believes that tax increases actually expire, they need to come to Massachusetts and look at our state income tax.)

In case anyone has forgotten, the TEA Party got it’s name from “Taxed Enough Already.” If this keeps up, the Tea Party is going to be a permanent fixture in this country.

I would like to add at this point that I am not (and probably will never be) in danger of being impacted by a millionaires’ tax (although when you look at President Obama’s proposals, the millionaires’ tax may impact people making $200,000). However, I am opposed to the idea of taking money away from people who have worked hard to earn just because you think they are ‘rich.’ That is bad policy. If your child gets an allowance in return for keeping her room clean, do you take the money away from her and give it to the child who didn’t bother to clean her room? If you do, what is the lesson you have taught the child? We need to take another look at America’s tax policy if we expect to bring unemployment below 9 percent. What we are currently doing is economic suicide.