There is class warfare going on in this country — but it’s not against the established rich. It’s against those who are trying to become wealthy.
President Obama has declared that those who make over $200,000 will pay higher income taxes. Caps on payroll taxes are supposed to come off as well for the upper class. Envisioned estate taxes will take 45 percent of individual inheritances valued over $3.5 million. Many states have also hiked their income taxes on the upper brackets.
Again, most of those targeted are not the already rich — a Warren Buffett or Bill Gates — but millions of the wannabe rich. They may have achieved larger-than-average annual incomes, but they’re not the multimillionaire speculators on Wall Street who nearly wrecked the American economy in search of huge bonuses and payoffs. Most are instead professionals and small-business owners who take enormous risks in hopes of being well-off and passing their wealth on to their children.
The rich will remain rich. They will hide their money, set up trusts, move funds offshore. It's the little folks, the small business owners, the hardworking wanna-be-rich who will suffer. Class warfare pits the poor and the working class against the lower strata of "rich."