Wednesday, September 12, 2007

Robin Hoodwinked

As I was looking at the vote for the revamp(ir)ed corporate giveaway package, unsurprisingly, it fell largely along party lines. Only four Republicans and three Democrats crossed over the aisle. But then I started thinking about what those parties usually represent. Specifically, I was thinking back to a comment I read in this N&O article. "Tire manufacturing is coveted because of the pay and benefits associated with the jobs. Goodyear pays its Fayetteville workers an average of $55,000 a year. Hourly workers at Bridgestone also earn $55,000 a year." Now, socialist minded redistributionists, which the Democratic party presumably represents (at least more than the Republicans... I hope) might have a problem with that. According to the US Bureau of Economic Analysis, the per capita income in NC in 2005 was $31,041. I'm guessing, but am not entirely sure, that a fair amount of people between that number and the tire plant workers are paying something in State taxes. Wouldn't that make this a regressive redistribution? Perhaps not overall. Obviously those above $55,000/year are paying more of the taxes. But still, there are those making less than the tire plant workers that are helping to pay their wages. I'm not sure I've ever heard someone passionately claim they were, "Stealing from the lower middle class and giving to the middle middle class!!!"

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