Is it not the time for Americans to quit believing the socialist mantra that is as old as Karl Marx
– that free enterprise is capitalism and that is bad?
Is it not the time to quit listening to anyone who complains and asserts that the tax burden is upon the poor and middle class Americans?
A former student of Walter E. Williams, economics professor and columnist, Stephen Moore, wrote The U.S. Tax System: Who Really Pays? In the August 2012 issue of Manhattan Institute. …
According to IRS 2007 data, the richest 1 percent of Americans earned 22 percent of national personal income but paid 40 percent of all personal income taxes. The top 5 percent earned 37 percent and paid 61 percent of personal income tax. The top 10 percent earned 48 percent and paid 71 percent of all personal income taxes. The bottom 50 percent earned 12 percent of personal income but paid just 3 percent of income tax revenues. Some argue that these observations are misleading because there are other federal taxes the bottom 50 percenters pay such as Social Security and excise taxes. Moore presents data from the Tax Policy Center, run by the liberal Urban Institute and the Brookings Institution, that takes into account payroll and income taxes paid by different income groups. Because of the earned income tax credit, most of America’s poor pay little or nothing. … President Obama and the Democratic Party harp about tax fairness. Here’s my fairness question to you: What standard of fairness dictates that the top 10 percent of income earners pay 71 percent of the federal income tax burden while 47 percent of Americans pay absolutely nothing? President Obama and his political allies are fully aware of IRS data that shows who pays what. Their tax demagoguery knowingly exploits American ignorance about taxes. A complicit news media is only happy to assist. We might ask ourselves what’s to be said about the decency of people who knowingly mislead the public about taxes. … Aside from the fairness issue, 47 percent of taxpayers having no federal income tax liability is dangerous for our nation. These people become natural constituents for big-spending, budget-wrecking, debt-creating politicians. After all, if you have no income tax liability, what do you care about either raising or lowering taxes? … Tax demagoguery is useful for politicians who prey on the politics of envy to get re-elected, but is it good for Americans? We’re witnessing the disastrous effects of massive spending in Greece, Italy, Ireland, Portugal and other European countries where a greater number of people live off of government welfare programs than pay taxes. … Here’s the question for us: Is the U.S. moving toward or away from the troubled EU nations? It turns out that our national debt to GDP ratio in the 1970s was 35 percent; now it’s 106 percent of GDP. If you think we’re immune from the economic chaos in some of the EU countries, you’re whistling Dixie. And when economic chaos comes, whom do you think will be more affected by it: rich people or poor people?
Now here is the brainteaser to contemplate …
If indeed, the “rich” are getting away with not paying enough taxes, such as what the Senator from Arizona and Nancy Pelosi (and others) stated about Romney’s tax burden, then contemplate this:
It is the fault of the tax system, not those who are productive and obtain wealth from honest endeavors and educational achievements.
Moreover, get this class envy circumstance and lie: a commentator who took over a blog’s commentary and whose cronies ganged up on anyone who disagreed – then when a commentator reveals the truth, that person was expelled from making any comments. What was the reason professed – that the commentator, in answering several commentators who disagreed, was using too much “thread” time. The major discussion, which ended up in other subjects unrelated (like global warming, birthers
, or whatever), was that Romney obtained wealth by inheritance. If anyone just takes a look at Mitt’s biography and that of his father, George Romney
, one can see that the father was not the CEO of Bain Capital – but in an entirely different business entity. Mitt’s father worked his way from carpenter getting an education to a successful businessman and then into politics to take action in what he believed in. That website that is bias is Outside the Beltway
. Doug Mataconis
writes articles for this blog whose publisher/Editor is James Joyner
. Commentators that disagree are not kicked out by them, but it is the manner in which the commentary system is set up – dissidents who hang out constantly and take over conversations use the “delete comment” which also has the option to kick a commentator off without first approval of the publisher. As you may have guessed, the commentator aforementioned was me. At this time, I am able to submit comments at the website, when before I would get the message “write to administrator”. This is the fault of the commentary system, not the website. I like what Doug Mataconis
writes because he does not take sides in the political arena, just objective opinion.
But I digress.
Too often, people ignorant of the truth will say things like: that person is wealthy not from working, but from inheritance; yet less than one percent of all wealthy Americans in the United States obtained wealth in that manner. They are just parroting the democratic socialist rhetoric and taking on its mantra of class envy and class warfare garbage.
Walter E. Williams
is a renowned and successful economics professor who dispels political myths
constantly – of only people would pay attention
and check resources to see he is correct. Stubbornly
, too many Americans wish to remain ignorant of the truth – maybe it is easier to listen to the propaganda and hypocrisy
seems to prove this point. With financial collapse looming over the head of Americans, one would think they would be looking to leadership with the answers, instead of blaming everyone else.
And thus we return to the tax arguments that could be easily solved by either repealing the 16th amendment and replacing it with a consumption flat tax that can only be raised by two-thirds majority of Congress or a flat income tax with NO deductions.
Now that would be “fair”. Like FairTax
It is the tax code that is the problem, not the wealthy like Mitt Romney or the fact that some pay more taxes than others. Make it truly fair and reform the tax system.
Of course, then the whiners would have less to complain about.
Let’s return the United States back to its original greatness