In a speech delivered at the Jack Kemp Foundation’s Leadership Award dinner, Paul Ryan said this about the Republican Party, “As it stands, our party excels at representing the aspirations of our nation’s risk-takers.”
I firmly disagree with Paul Ryan. In fact, I will argue that if any party represents the real risk takers in the America, it is the Democrat Party.
Paul Ryan and the Republicans defend special deals for the “job creators” on the belief that wealthy individuals and corporations are taking great risk. This risk must be encouraged and the rewards gained must not be punished, for to do so will damage the nation, according to their ideology. It is why they believe in reducing or eliminating taxes on capital gains, the elimination of the estate tax, along with loopholes and deductions that allow the wealthy and corporations the ability to pay lower tax rates than the laborers who provide the muscle that moves the economy and creates the wealth.
On the other side of this issue, Republicans believe that laborers take little or no risk and so, deserve no deals, and few tax breaks. To Republicans, laborers depend on the wealthy individuals and corporations and so the laborer ought to pay higher tax rates to support the “job creators.”
Mitt Romney paid a lower tax rate than the rate paid by Richard Crowe, a 54 year old steel mill worker in eastern Ohio. Richard Crowe was laid off when the steel mill where he had worked for all his working life was shut down. He’d worked there since graduating from high school. Crowe is 54 years old and has nothing left after the mill closed. The owners of the mill walked off with $20 million. According to the Republican definition of fairness, Romney pays a lower tax rate and the owners of the mill take the $20 Million because they took the greater risk while the laborers pay a higher rate and get squat when business fails because they took no risk.
I do not know Richard Crowe , but I assume he is like me and many laborers in America. He was not born into a wealthy family, not lucky enough to be born with an incredible talent, not born into a situation that would propel him to instant wealth. No, he was like the rest of us, born into a life where his labor was his only asset; something he would have to use wisely to support himself and his family. To use his labor unwisely would pose a great risk to his survival. He chose to work in the local mill. At 18, he figured he had 47 years of labor to invest, and those 47 years were all he had. There was no trust fund, stock portfolio, or inheritance to fall back on. After investing 37 years of his labor with the worth of remaining 10 years greatly devalued, Richard Crowe and so many like him are in danger of losing their homes, their savings, and any chance of a secure retirement. But to Paul Ryan and the Republicans, Crowe is not a risk taker. Worse yet, now that Crowe is in need of unemployment payments and other social support, Ryan and others denigrate Crowe as a leach on society.
I doubt that Mitt Romney and those like him have ever taken a risk so great as to possibly result in the loss of his home, all his savings, and his security into his elder years. Men like Richard Crowe do it every day. Personally, I have come close to losing all I had, my house, my savings, everything. I am not alone. Many of my friends and relatives have done so. Anyone who supports themselves with their labor does so. Every time a mill closes or a company goes bankrupt, most of the laborers will be at risk of losing it all, while the owners and the private equity hedge fund managers will sometimes even profit, with few, if any, running the risk of losing it all. And yet, Ryan and the Republicans call them the “risk takers” who are due our support and protection with special tax deals.
In the movie, Braveheart, Robert the Bruce defends the Scottish nobles reluctance in joining the fight against English repression by saying, “I respect what you said, but remember that these men have lands and castles. It’s much to risk.” To which William Wallace replies, “And the common man, who bleeds on the battlefield, does he risk less?
Paul Ryan and the Republicans support the nobles of our time, not the risk takers.