This Democrat is worried about bottom-to-top, wealth-redistribution socialism – The Topeka Capital-Journal

Topeka Capital-Journal

I am a Democrat, one who is very concerned about socialism in America. As I understand it socialism is government policy to redistribute wealth from one group to another. I am not talking about Cuba or Venezuela, those are dictatorships. Their governments have been taken over by criminals who then steal the country's wealth and give it to their friends and themselves. I am talking about elected representatives of a democracy making policies to cause a lawful transfer of wealth.

Take Amazon for example. It pays no federal income tax but uses the taxpayer subsidized post office to save expenses. Or Fox News Corp. they pay little to no tax but use the education system to hire educated employees. Trucking companies pay nowhere near enough road taxes to make up for the damage they do to roadways. Mitch McConnell made sure that tax deductions were restored for the three-martini lunch in the COVID stimulus bill.

U.S. tax policy is the greatest socialism imaginable. The tax law allows property owners (hotels for example) to deduct the value of the property (depreciation) on tax returns making more cash for the owner. It gets better. When the property is sold the deferred taxes aren't collected then. The tax code says if you roll that money into another property the tax can be deferred further.

I agree with others who worry about socialism in America. It is time to stop the transfer of wealth from the bottom to the top of the economic ladder.

Ron Desch, Topeka

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This Democrat is worried about bottom-to-top, wealth-redistribution socialism - The Topeka Capital-Journal

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