Reich: Why Dems are reluctant to tax the rich

This should be obvious to everyone. The problem can be solved by refusing to take bribes like the progressives do, who manage to get enough personal, small donations to keep their candidacy afloat. But the Dem Party has been infected by the same greed and power disorder as the Repugs. The result is the same: They represent big money and not we the people.

"Put simply, Democrats are reluctant to tax the record-breaking wealth of the rich and big corporations because of … the wealth of the rich and big corporations. Many Democrats rely on that wealth to bankroll their campaigns. They also dread becoming targets of well-financed ad campaigns accusing them of voting for “job killing” taxes. (For the record, there’s no evidence that tax increases have “killed” jobs, especially when those tax increases have been targeted at higher incomes.) Republicans have been in the pockets of moneyed interests at least since they championed Reagan’s tax cuts, regulatory rollbacks, and dismantling of labor protections. But the timidity of House Democrats shows just how loudly big money speaks these days even in the party of Franklin D. Roosevelt."