Contrary to all the class-warfare demagoguery pouring forth from Democrats and the media (but I repeat myself), conservatives do not oppose tax increases because we are beholden to the rich. Rather, the question is whether wealth does more good when it is invested in the private sector, to create jobs and economic growth, or surrendered to the federal government as taxes to support the metastatic growth of a pestiferous bureaucracy. Rich liberals have always failed to understand blue-collar conservatism, seeking to explain away working-class support of free enterprise as the consequence of a proto-fascist “Authoritarian Personality” or (more recently), bitter gun-and-Bible clinging.
It’s a straightforward argument. The way I’ve always looked at it is that we should encourage people gifted at painting to make more painting, musicians to make more music and scientists make more scientific discoveries. All liberals know and agree with this; think National Endowment for the Arts. Why then is it so hard to promote those gifted in making money to make more money?
However, in all the conservative discussion the real meat and bones for why the rich don’t mind taxing the rich; they are already rich. Becoming rich is not as big an incentive for those that are already rich than the individuals who have yet to claim it. This is the life-blood of those middle class Americans who are engaged as entrepreneurs, hoping to make a return that will better their condition.
As Stacy McCain points out, the rich don’t worry about higher taxes. Instead, higher taxes on the rich is about keeping the middle class from getting rich.