Free Markets, Free People

tax code


Obama: “It’s not class warfare. It’s math”.

Funny how the left constantly tries to redefine words or terms in order to justify their actions.  Current tax rates are referred too as “tax cuts” when they refer to the “rich” but no other class of taxpayer.  The fact that the “rich”, as defined by Obama and company, pay the lion’s share of taxes now while the bottom 50% of “taxpayers” pay a combined 2.75% of all taxes is ignored.

And now, with renewed attacks on the “rich”, it’s “not class warfare.  It’s math.” Now, I guess, we’re redefining “math” as well.  Notice what isn’t being talked about which usually enters any public discussion by the left?  Fairness.

In fact, changing the tax rates on the “rich” is a leftist wet dream, because somehow they’re of the opinion that what the “rich” have earned really fell from the sky and they were just lucky enough that it fell in their backyard.  So “fairness” is redistribution, by their redefinition of course.

Yes, it is “only math” if you believe in a very pernicious premise – that government has first claim on everything you earn.  That you don’t “deserve” to keep what you make.

J.E. Dyer wrote a great post at Hot Air on the subject.  I recommend it.  What the “it’s math” crowd want you to ignore is this:

If any of us doesn’t deserve to keep everything he has earned, then that man is a slave.  Alternatively, he is less than human; he has no moral standing, and no unalienable rights inhere in him.  He is like a farm animal.

Of course we all deserve to keep our own money.  If it is ill-gotten – stolen, swindled – then it’s the crime that deprives us of it, not any inherent function of the armed authorities to prowl the land in search of “undeserved” bank balances.

The question of what we “deserve” boils down to which came first, the individual human with rights, or the state.  America was founded on the principle that the individual human with rights comes first.  Any idea that violates that principle is counter to our founding idea.  It is not possible to reconcile with our founding principle the idea of collective schemes in which we make some modification to “what we deserve.”  We either deserve to keep all our own earnings – money – wealth – goods – or we do not have unalienable rights.

In this case, it is the “rich” who are being used as the farm animals.

Here’s the truth about taxes paid.  The “rich” or top 1% pay 38.02% of all income taxes collected.  So over 1/3 of all taxes are paid by 1%.  Expand that a little and the top 5% pay 58.7% – well over half of all income taxes collected.  The top 10% pay 69.94%

So 10% of all income earners are paying 70% of all taxes.

Entry into those hallowed ranks?  Well to be in the top 10%, your adjusted gross income need merely be $113,000.  “Rich”, right?

Of course not, in fact, most who understand what it requires to live realize that $113,000 is working class.   The top 5%’s income threshold is $159,000.  And the top 1% is $380,000.

So what Mr. “It’s not class warfare” is recommending is raising taxes on those who already pay 38% of all taxes.  And obviously, in the convoluted world of the left, that’s fair.

The president criticized Republicans for insisting no taxes can be raised, and said it would not be possible to improve the nation’s fiscal standing without new taxes on the wealthy.

He rejected criticism that his proposals amount to class warfare, saying that after a decade of unchecked spending, every American has to pitch in and pay their fair share. Otherwise, Obama said, the U.S. will try to cut programs for the middle-class and the poor while protecting tax cuts for the wealthy.

You have to love the so-called reasoning. “After a decade of unchecked spending, every American has to pitch in and pay their fair share”.  The government spent it, but it is up to those government supposedly serves to pay it off – try that on your boss sometime. The entire pitch here is to claim a single class of people haven’t paid their “fair share” (fair share being redefined as over 38% of the total for one and only one class) of what the government has spent without consulting them or anyone else.

And 1% paying 38% of the load is fair?  How is “every American”  pitching in when he’s only talking about raising taxes on a single class … the 38% class?  And how isn’t that class warfare?

Raising taxes on the top 1% has become Obama’s panacea for everything.  You almost want to say “go ahead” and let the truth finally sink in.  The top 1% cannot cover the profligacy of the government in any way, shape or form, even if the tax rate were to be raised to 100%.   As taxes go up, the ‘rich’ find ways to protect their wealth.  It’s again Econ 101 stuff.  And, of course, they have every right to do so.  It’s their money, not the government’s.

Yeah, it’s not “class warfare.  It’s math”. 

But only as the left has redefined each concept.

~McQ

Twitter: @McQandO

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