Anytime consumer advocates or public interest groups try to whip up support for measures that would benefit the vast majority of Americans, conservatives claim such proposals amount to nothing more than an attempt to usher in class warfare. Yet, for all their verbose rhetoric, it's the conservatives themselves who invoke class warfare on a routine basis.
Just take a look at two of the bills passed this past week -- so-called bankruptcy reform and repeal of the estate tax. The former is aimed solely at poor and middle class individuals. It shields the rich and completely ignores the need for reform regarding businesses.
Just take a look at two of the bills passed this past week -- so-called bankruptcy reform and repeal of the estate tax. The former is aimed solely at poor and middle class individuals. It shields the rich and completely ignores the need for reform regarding businesses.
According to Kevin Drum at Washington Monthly,
...the bill does nothing to address the growing use of "asset protection trusts," used by rich people to shield income from bankruptcy proceedings, or to rein in the unlimited use of the homestead exemption, which allows them to shield multimillion dollar homes from bankruptcy courts.
The Daily Kos reports that
The "Abuse Prevention and Consumer Protection" in this bill occurs for Chapter 7 and Chapter 13 bankruptcies - individual avenues of bankruptcy. Conspicuous in absence, evidently not needing reform, are Chapter 11 bankruptcies.
Want to guess what Chapter 11 covers?
You guessed it. Chapter 11 is bankruptcy for businesses.
While conservatives and ethically-bereft democrats are making sure that the bankruptcy bill only singles out the less well-to-do, their support for the repeal of the estate tax ONLY benefits the very richest Americans. They have continued to champion this repeal despite the fact that two of America's richest individuals -- Bill Gates & Warren Buffet -- have come out against it!!
If these two measures don't typify what class warfare is all about, what would?