Why the “tax the rich” mantra rings hollow
One of the things you constantly hear Democrats claim is the rich in our country simply don’t pay their “fair share” and we should be taxing them at an even greater percentage than they’re taxed now. Other than the appeal to class warfare, as it turns out the claim simply isn’t true for a number of reasons. The rich in this country pay more in income taxes – both in amount and percentage – than any other group. And interestingly enough, according to the OECD, the “progressivity” of the tax system as it pertains to the rich, is highest here as this chart demonstrates:
Just a public service and a little ammo for the next time you hear the left whining about fair shares and a more progressive income tax – a code phrase for “tax the rich”. Hey, we here in the land of the free lead the world.
Then, with perfect justification, you can say, ‘its not about who is or isn’t paying their “fair share” in taxes, it’s about an out of control federal government spending more than it takes in …. or said very succinctly – cut spending and cut it dramatically”.