You know that broken-record mantra that Democrats have about the rich paying “their fair share?” That load of BS should get tossed out of the window with the most recent study undertaken by the Congressional Budget Office (CBO). The old liberal story goes that it’s just unfair, how much more money the rich make than the poor. They talk about the wealth gap and how the rich just keep getting richer, as if these things are inherently bad.
Guess what? They’re not.
So liberals site all of these “problems” as reasons that the rich should pay more taxes. It’s patriotic, as the Vice President says.
Well, the CBO would beg to differ.
The top 40 percent of households by before-tax income actually paid 106.2 percent of the nation’s net income taxes in 2010.
Yeah, you read that right. The top 40% of households in America paid more than 100% of the nation’s net income taxes in 2010. How ridiculous is that? What can the liberals possibly have to complain about with our progressive tax code, when less than half of the people in the nation pay MORE than 100% of the taxes?
Oh, but wait. It gets better.
At the same time, households in the bottom 40 percent took in an average of $18,950 in what the CBO called “government transfers” in 2010.
Doesn’t that just knock your socks off? The bottom 40% of households in America actually MADE almost $19,000 from the top 40%. The CBO calls these “government transfers,” the President calls it spreading the wealth around. Who can forget that moment when our good friend “Joe the Plumber” helped the President reveal his true colors?
Really liberals? Are the wealthy not doing their fair share? Are the poor really getting abused by the rich business owners who provide them with employment and with welfare? This is silly, and the latest report by the CBO just continues to prove that the liberals’ narrative of class warfare where the rich are stepping on the necks of the poor is simply fantasy. The liberal story line could not be further from the truth.
Our “progressive” tax code is just not fair, America, and the people it really hurts are the lower income groups. The rich don’t really feel the burden of our tax system because it simply means that they are just a little less rich because of it. However, if the rich were able to use that excess money that is taxed (or stolen) away from them to invest and make more money – it would mean more jobs and higher wages for lower income groups. This is the “dirty secret” of progressivism. By taxing the rich more and growing the welfare state… the progressive tax code actually CREATES MORE POVERTY!
Let’s end this foolishness. Abolish the income tax. Abolish the IRS. Let’s move to the only truly “fair” tax there is – a consumption tax. Where people are only taxed on the goods they purchase. In this way, the poor will continue to pay very little, while the rich will continue to carry the lion’s share of the tax burden. The difference is this system isn’t robbery, because no one is being forced to give up their money, they are choosing to do it when they choose to purchase goods.
If this was roughly 250 years ago, we’d all be revolting.
C’mon America, let’s fix our tax problems – we’ll all be better off when we do.
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