The Widening Money Gap

Although I voted for George Bush, my main complaint about him is his clear preference for the “needs” of the rich. This is not only a complaint about him, but about the Republican Party in general (of which I'm a part). We claim to be the party of moral values, and yet when it comes to social justice and looking out for the poor--a group that that Bible continually tells us to look out for--we fall flat. We Republicans are good in a lot of areas when it comes to values, but not in this one. At least not when it comes to national policy (because at the local level, Christians who are also Republicans do much to help the poor).

BusinessWeek’s November 1 issue contained a column by Laura D’Andrea Tyson which discussed the widening gap between the wealthy and the poor. She points out that in the 1990s, most of the growth in income and wealthy was concentrated among the top 10% of households, who now account for 44% of total household income in the US, compared to 33% in 1980.

“Income and wealth are more unevenly distributed among Americans than at any time since the Jazz Age of the 1920s. On measures of income and wealth inequality, the US tops the charts among the advanced industrial nations. Yet rather than fashion economic policy to ameliorate the trends of growing income and wealth inequality, President Bush has championed policies that have exacerbated them.”

She notes that the Bush tax cuts “have boosted the after-tax incomes of the top 1% of households, with average incomes in excess of $1 million, by 10%--compared with a 2.3% increase for middle-income families with average incomes of $57,000, and a 1.6% increase for the bottom 20% of families, with average incomes of less than $17,000. The tax cuts for millionaires alone have reduced government revenues by $90 billion a year....”

“As an intended consequence of the Bush tax cuts, the share of federal taxes paid by the bottom 80% of taxpayers has increased, while the share paid by the top 1% has dropped.” And if Bush succeeds in making his tax cuts permanent, “he will have chosen tax relief for the rich over strengthening the Social Security system, on which low-income workers, disabled workers, widows, and surviving children depend to avoid poverty.”

Notice the groups she mentioned--the same groups that Jesus admonished people to look out for: the poor, the infirm, widows, orphans. I look forward to the day when a national Republican politician actively champions the needs of the same poeple for whom Jesus was a champion. I really don't want to side with the Democrats on this one.

Posted on November 17, 2004 06:23 PM|

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