Are there really two Americas?
The crux of the Two Americas message is that one America is working hard and struggling to pay bills, and the other America is awash in money and not contributing enough to society.
Is this an accurate portrayal of America today? Intuitively, Edwards' message makes sense. Health care costs are rising. College costs are rising. Insurance costs are rising. Surely something must be wrong.
The middle class certainly is facing problems in America. But that is only one of Edwards' Americas. The problems, according to Edwards, are the result of the harmful actions or inactions of the other America, the rich. The rich are sitting by the pool and soaking up tax breaks while the working Americans are out in the cold. Is that true? Are the problems in America the result of the rich?
Perhaps the best anecdotal counter to the slothful characterization of rich America would be John Edwards. Edwards has talked about how he went from being the son of a mill worker to being an attorney who stood up for the little guy. Edwards prides himself as being a champion of ordinary people against big companies, and he proclaims that his work made society better. Now, I don't neccessarily agree with all of the positions Edwards took as a lawyer. But I do believe that Edwards worked hard. I'm sure he worked long hours and traveled a great deal during his career as an attorney. John Edwards is very wealthy today, worth tens of millions of dollars. He didn't get that money stting by a pool phoning his stock broker. He got it because he worked as an attorney.
John Edwards wants to raise capital gains and dividend taxes on the rich. I can't understand why this makes sense. Investment creates jobs. That's right, investment creates jobs. Taxes on things like cigarettes and alcohol are sometimes called "sin taxes" because they are partly designed to discourage people using those products. Why should we have a "sin tax" on investment? Surely job creation is not a sin!
So no, I don't think are two Americas. I think there is one America, and we all have to work together to solve our problems regardless of our net worth.
Two Americas speech at Iowa