Oh, for fuck’s sake. What he’s blithely referring to is Obama’s plan to raise income taxes on households making $250K. No one’s capping income, as Kass implies, but I guess 39%: socialism, 35%: TEH AMERICAN DREAM. If you think that’s too much–or Obama’s plans to substantially raise the capital gains tax on the same income bracket, or estate taxes on estates worth over $3.5 million dollars–fine. But it’s a better deal than the early years of Chairman Reagan’s reign, who saddled anyone with a 1983 income of $106K ($233K in 2008 dollars, via) with a 50% tax burden.
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Unlike Michael Miner, I do think people are supporting Obama out of fear (to an extent, of course). I think they look at him and see a calm technocrat with impressive message control and increasingly bipartisan support. I think people are afraid of fear, and I think McCain sunk his campaign with a series of impulsive, hasty decisions that show a complete lack of faith in their product, in themselves.
