Paying Their Fair Share
One of the over-used mantras of liberals not too long ago was “the rich need to pay their fair share.” This was usually followed with the assertion that “40% of Americans don’t pay income taxes.” Using them together, liberals were appearing to imply that the rich don’t pay their taxes and for that reason, their taxes should be increased. But is that fair? Let’s look at the two statements independently. First, the assertion that the rich don’t pay their fair share on the surface just doesn’t make sense. The first reason it doesn’t make sense is that most liberals voicing this opinion could never agree on what is actually a “fair share.” So what is a fair share? France recently discovered that its ambitious 75% tax rate failed miserably. What happened? The producers left, further decreasing the amount of revenue the government took in. All the WWII French surrender jokes aside, there’s nothing to indicate that an Ame...