Thomas Sowell

But we won't really know what the actual effects of this bill are until after the next presidential elections-- which is to say, after it is too late. Quite simply, we are being played for fools.

Much has been made of the fact that families making less than $250,000 a year will not see their taxes raised. Of course they won't see it, because what they see could affect how they vote.

But when huge tax increases are put on electric utility companies, the public will see their electricity bills go up. When huge taxes are put on other businesses as well, they will see the prices of the things those businesses sell go up.

If you are not in that "rich" category, you will not see your own taxes go up. But you will be paying someone else's higher taxes, unless of course you can do without electricity and other products of heavily taxed businesses. If you don't see this, so much the better for the Obama administration politically.

This country has been changed in a more profound way by corrupting its fundamental values. The Obama administration has begun bribing people with the promise of getting their medical care and other benefits paid for by other people, so long as those other people can be called "the rich." Incidentally, most of those who are called "the rich" are nowhere close to being rich.

A couple making $125,000 a year each are not rich, even though together they reach that magic $250,000 income level. In most cases, they haven't been making $125,000 a year all their working lives. Far more often, they have reached this level after decades of working their way up from lower incomes-- and now the government steps in to grab the reward they have earned over the years.

There was a time when most Americans would have resented the suggestion that they wanted someone else to pay their bills. But now, envy and resentment have been cultivated to the point where even people who contribute nothing to society feel that they have a right to a "fair share" of what others have produced.

The most dangerous corruption is a corruption of a nation's soul. That is what this administration is doing.

Thomas Sowell

Thomas Sowell is a senior fellow at the Hoover Institute and author of The Housing Boom and Bust.

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